Kerry Group to sell Richmond manufacturing business to Pilgrim’s Pride for €819m June 18, 2021 Kerry Group has agreed to sell its Meats and Meals business in the UK and Ireland, which manufacturers Richmond sausages and Fridge Raiders, to American corporate Pilgrim’s Pride for €819m. The Meat and Meals side of Kerry Group’s business manufactures meat snacks, food-to-go and meat-free products. In its last financial year, the business made a [...]
UK retail sales fall in May as Brits swapped supermarkets for restaurants June 18, 2021 UK retail sales fell by 1.4 per cent in May following a sharp increase in April when lockdown restrictions were eased, according to new Office for National Statistics (ONS) data. The monthly drop was unexpected, with economists predicting a 1.6 per cent increase. The largest contribution to the decline came from food stores, where sales [...]
Investors are balancing crypto volatility with lower-risk bets, study shows June 17, 2021 Investors are offsetting crypto risk by diversifying their portfolios with lower-risk bets, according to new research. The digital currency has seen a period of intense popularity recently due to increased savings during the pandemic, as well as through endorsements from big corporations and influential public figures. Money management fintech Plum today published new data on [...]
Change Starts Together June 16, 2021 The Lord Mayor’s appeal has launched a new storytelling campaign ‘Change Starts Together’ which aims to tackle the pressing issue of social mobility. Right now, Social Mobility has become a timely and important issue, as we see the huge impact the pandemic has had on those from lower socio-economic backgrounds. According to the Social Mobility [...]
Addison Lee becomes London’s largest taxi firm with ComCab deal June 16, 2021 Addison Lee has inked a deal to acquire black cab operator ComCab, creating the capital’s largest private hire and taxi firm. Under the terms of the deal, Addison Lee will purchase the London operations of ComCab, City Fleet Networks and Flightlink International from the ComfortDelGro Corporation. The combined company will have over 7,000 vehicles, making [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 16, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. CBRE board bags ex-BlackRock real estate lead A former head of global real estate at investment heavyweight BlackRock is set to join real estate services firm CBRE in June. Marcus Sperber [...]
Lina Khan: How America’s answer to Margrethe Vestager plans to take on Big Tech June 16, 2021 Since taking over as European Commissioner for Competition in 2014, Margrethe Vestager has made her mission clear: to crack down on the ballooning power of Big Tech. The ruthless competition czar has undoubtedly delivered on those ambitions, handing down high-profile fines running into the tens of billions of euros against the likes of Facebook, Apple, [...]
SMEs worried about access to finance as late payments rise, study shows June 16, 2021 SME bosses are concerned that access to finance will become harder over the next three years as they grapple with the late payment of invoices, according to new research. A study by MBH Corporation found that 40 per cent of SMEs believe applying for funding will become more difficult, while just 10 per cent expect [...]
Q&A: the end of big oil? June 16, 2021 Our “in the news” series focuses on recent dramatic events in the energy industry as oil majors were held to account over climate change. We explain what’s happened and how Schroders acted on behalf of clients. The oil industry last week faced a “paradigm shift” after climate activists and asset managers led revolts at the [...]
3 AMAZING Marketing job opportunities in London right now June 15, 2021 Are you a marketing professional looking for an exciting new opportunity? Well then you have absolutely come to the right place. Today, we had a look through our job board for exciting roles in marketing to share with you all, in the hopes that you may just land your dream job. Check out these brilliant [...]