Sir Martin Sorrell’s ad agency terminates office leases to go fully hybrid June 7, 2021 London-based S4 Capital, the advertising agency run by Sir Martin Sorrell, has terminated several office leases as staff are being encouraged to adopt fully flexible hybrid working practices. The advertising guru, who resigned from his previous firm WPP in 2018, said creativity is not being lost by the arrangements. “We always knew that our people, [...]
Winemaker Gusbourne necks strong revenue despite hospitality restrictions June 7, 2021 Winemaker Gusbourne has reaped the benefits of lockdown wine nights this past year, despite the hospitality group battling lower trading sales. The group’s net revenue rose by 28 per cent to £2.11m, up from £1.65m the year before the pandemic pushed people’s social lives to their sofas. The winemaker’s share’s lifted 1.22 per cent in [...]
Foreign investors now own 66 per cent of London-listed shares, data shows June 7, 2021 Foreign investors have upped their stake in British industry this year to a record 66 per cent, extending the global ownership of London-listed stocks. Investors in 107 countries were identified in new analysis of UK shareholder registers by investor relations consultancy Orient Capital. Foreign holdings of UK shares have risen steadily over the last decade, [...]
Exclusive: Government set to take ‘gentle’ approach to get people back to the office June 4, 2021 The government is set to take a “gentle” approach in getting people back to the office this summer, with working from home advice also expected to be scrapped on 21 June if the roadmap goes ahead as planned. Government sources told City A.M. that ministers will not take a hardline approach to get people back [...]
3 Companies that are actively hiring in London right now June 3, 2021 As we all start returning to a normal, covid-free life, a lot of us may start looking to make some changes. Especially when it comes to our careers. For the last 18 months or so, we’ve all been doing our best to keep our heads above water, but now feels like a great time to [...]
Rain rain go away: Wettest May on record dampens footfall hopes for high streets June 3, 2021 The reopening of indoor dining and socialising did not serve up the hoped for rise in footfall in May, as shoppers were put off by rain and ‘rule of six’ limitations. The wettest May on record saw footfall on high streets, in shopping centres and in retail parks fall versus the same period in 2019. [...]
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]
Free coding school 01 Founders launches in London with tech job guarantee June 2, 2021 A free two-year coding school that offers students a guaranteed job at a top tech firm has launched in London. 01 Founders is now accepting applications for its first school in the capital, where learners are offered two years of on-campus training with zero tuition fees followed by two years of employment. The coding push [...]
HSBC backed buy-now-pay-later firm Divido raises $30m in funding June 2, 2021 Buy-now-pay-later firm Divido has raised $30m today in a Series B funding round boosted by HSBC and ING, as it eyes expansion. The retail finance company, which launched in 2014, has a white-label platform that links up lenders, merchants and partners at the point of sale, to make digital spending quicker and easier. “The retail [...]