City Moves: Who’s switching jobs in the Square Mile? May 26, 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. Vue International Cinema operator Vue International has poached its new chief operating officer (COO) from fashion retailer Urban Outfitters. Claire Arksey, who has previously held senior operational roles at Superdry, Reiss and Ted Baker, oversaw nearly 270 stores [...]
Glossier founder steps down as CEO from $1.8bn Gen-Z beloved beauty firm May 25, 2022 Glossier’s founder is to step down from her role as CEO of the $1.8bn beauty company. Emily Weiss said she will stay on as the company’s executive chairwoman, after founding the business in 2014. In this role, Weiss said she will focus on “supporting our brilliant leaders of creative, brand, product and retail, as they [...]
British Land unveils £3.6bn green neighbourhood project for Canada Water May 25, 2022 British Land, one of the UK’s largest property developers, has today unveiled a £3.6bn plan to build a 53-acre town centre in Canada Water alongside Aussie pensions giant AustralianSuper. The regeneration project will include up to 3,000 new homes, as well as more office space – which expected to host 20,000 workers amid London’s post-pandemic [...]
The City View: Crossrail finally arrives May 24, 2022 Today Andy Silvester talks to Adam Tyndall, Programme Director for Connectivity at London First. They talk all things Crossrail — from the first idea of an East-West railway in the 19th century, to the funding behind the Elizabeth Line, and to the future of London’s transport system. And in other news — Shell’s AGM was [...]
There is a fundamental flaw in the crypto economy May 24, 2022 VJ Angelo, CEO of Inspira Wealth, highlights cryptocurrency's main flaw - with some good news and bad news.
Geopolitical shock: regime change in inflation and monetary policy May 24, 2022 Globalisation is besieged on multiple fronts. Two years after the outbreak of the Covid-19 pandemic and amid growing geopolitical unrest, the decades-long disinflationary headwind has reversed. Many multinationals have taken steps to address the disruptions to their ultimately brittle global value chains. These companies are re-orienting to prioritise availability over cost-optimisation. This process manifests in [...]
Cranswick cooks revenue above £2bn for first time as the food firm weathers supply and labour storm May 24, 2022 UK food producer Cranswick cooked up a revenue above £2bn for the first time, with adjusted group operating margin maintained at seven per cent.
Hong Kong stock exchange to open US and Europe offices May 23, 2022 The Hong Kong stock exchange is planning to set up two new international offices in the US and Europe, in an effort to draw overseas investors back to the City state. Speaking to the South China Morning Post (SCMP) at Davos, Nicolas Aguzin, the head of Asia’s third largest stock market, said the new offices [...]
Post Office and British Gas team up to offer free debt advice to those struggling with bills May 23, 2022 The Post Office has teamed up with British Gas to offer direct help to those struggling to pay energy bills amid the cost of living crisis. ‘Stop the Silence Pop-Ups’ will appear during the next three weeks across UK cities, giving people worried about their debts free practical and financial advice. Starting on Monday, the [...]
Mexican fast food chain Tortilla poaches rival Chilango May 23, 2022 London listed restaurant group Tortilla has snapped up rival Chilango, as it seeks to reap the rewards of office workers returning to London. The Mexican fast food chain dished out £2.75m to buy Chilango from the investment firm RD Capital Partners , it announced on Monday. Chilango’s estate of eight UK sites – six of [...]