London fintech Jeeves gets Tencent backing in $180m funding round March 22, 2022 London corporate card fintech Jeeves has won the backing of Chinese tech giant Tencent in a fresh $180m funding round announced today.
Air Canada snubs neighbour Boeing and buys 26 Airbus planes March 22, 2022 Air Canada snubbed US plane manufacturer Boeing and ordered 26 aircraft from EU rival Airbus, the company announced today. The airline announced it was acquiring 26 extra-long range versions of Airbus A321neo, which will be used on North American as well as several transatlantic routes. Air Canada will lease 20 planes from lessors such as [...]
City Moves: Who’s switching jobs in the Square Mile? March 22, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Savills Savills has appointed a new head of diversity and inclusion (D&I) for its UK businesses. Joining from the Department of Health & Social Care where she was deputy director of D&I for wellbeing and culture, Chanelle [...]
A ‘policy light’ spending review must still grapple with cost of living woes March 22, 2022 Chancellor Rishi Sunak wants onlookers to pay little attention to Wednesday’s spring statement. Policy-light has been the line from the Treasury. Very few have been tempted into believing the Chancellor will sit on his hands and Sunak’s announcements tomorrow are set to finally reveal his true preference for the level of state intervention in the [...]
Business secretary to unveil neurodiversity business forum for greater support March 21, 2022 Business and banking heavyweights including Unilever and the Bank of England have launched a new forum for neurodivergent people in business. The Neurodiversity in Business (NiB) forum is set to support the neurodivergent community in the workplace, taking into account the strengths and differences of “brain-wiring”. Business secretary Kwasi Kwarteng will unveil the new body [...]
More than 100 listed UK companies sound alarm as Ukraine war makes investors move away from shares to gold March 21, 2022 115 UK listed companies have now warned of the effects of the war in Ukraine in their stock exchange announcements. The number of companies warning of the risk the situation in Ukraine poses has risen almost fivefold in the past week, up from 20 the week before. So far few have quantified the impact on [...]
Capital punishment: private sector sanctions in Russia March 21, 2022 The corporate response to Russia’s invasion of Ukraine is representative of a wider shift in the role of the private sector in society. Russia’s invasion of Ukraine is first and foremost a human tragedy and has far-reaching consequences for millions of people. Our thoughts are with those caught in the atrocious situation, those that have [...]
The second race to be green as cities across the world compete for the best parks March 21, 2022 Businesses across the world are increasingly focusing on the quality of life they can offer their employees, as they reassess what is needed to deliver an attractive, modern workplace environment. We know workers expect more than just an office when it comes to choosing where they relocate in the post-pandemic world. This shift was already [...]
Owner of Burger King says local operator in Russia ‘simply refuses’ to shut down all 800 fast food branches March 18, 2022 The owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to [...]
Disney staff head for walkout amid ‘Don’t Say Gay’ row with execs March 17, 2022 Disney staff are set to stage a walkout after execs refuse to publicly criticise the controversial ‘Don’t Say Gay’ bill.