Glencore hails ‘extraordinary’ year as earnings top $21bn February 15, 2022 Glencore boss Gary Nagle hailed 2021 an “extraordinary” year for the miner today as the group reported an 84 per cent surge in earnings driven by record surges in global commodity prices.
City Moves: Who’s switching jobs in the Square Mile this week? February 15, 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. Tate & Lyle Tate & Lyle appointed a food industry veteran as its new chief financial officer, who will also be posted to the board. Stepping into the role in mid-May, Dawn Allen joins from US food manufacturer Mars, Incorporated where she has been [...]
Former UK ambassador in Nepal found dead in forest while working on Govt Covid task force February 14, 2022 Britain’s former ambassador in Nepal was found dead in a forest vanished from his home after suffering extreme stress while working for the Government’s Covid taskforce at the height of the pandemic, an inquest has heard. Richard Morris worked long hours under high pressure, helping co-ordinate briefings to ministers at a time when the UK [...]
Public inquiry begins into Post Office scandal that saw 700 managers face criminal convictions February 14, 2022 Former Post Office sub-postmasters and mistresses started giving evidence as part of a public inquiry on the Horizon scandal today. It comes after more than 700 branch managers were given criminal convictions between 2000 and 2014 when faulty accounting software called Horizon made it look as if money was missing. The system, developed by the [...]
Redcentric looks forward after FCA prosecutes former finance chief for misleading investors February 14, 2022 IT services provider Redcentric has said it hopes to move on following the prosecution of a former top dog for misleading investors. A case led by the financial regulator culminated in the company’s former chief financial officer, Timothy Coleman, being found guilty of four charges relating to the making of false and misleading statements to [...]
UK legal sector post record turnovers on back of M&A boom February 13, 2022 The UK’s legal sector has posted its largest turnovers ever, on the back of booming demand for legal services, according to figures from the Office for National Statistics (ONS). In 2021, the UK’s law firms generated £41.58bn in revenues, compared to annual turnovers of £36.78bn in 2020, figures from the UK government’s ONS show. The [...]
Mayor of London says new Met chief must have ‘robust plan’ to fix police culture February 13, 2022 London’s Mayor Sadiq Khan has said the new Metropolitan Police chief must have a “robust plan” to deal with the police’s “cultural problems”, following the departure of Dame Cressida Dick on Thursday. Dick resigned over Mr Khan’s lack of confidence in her plans for reform, giving her “no choice” by the leave the post, as [...]
Office space: Inside the swanky new Conran and Partners offices February 11, 2022 The return to the office and the advent of hybrid working has been a hot topic for almost two years and it shows little sign of dying down. If you are lucky enough to work for Conran and Partners, you will have left Butler’s Wharf near Tower Bridge for your lockdowns at home, only to [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 11, 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. essensys Flexible workspace software and technology company Essensys has found a new CEO for its UK and European business. Stepping to the helm after a stint at British Land, James Lowery will report to founder and group CEO Mark Furness. “James’ [...]
Dear Jacob Rees-Mogg, it’s time to make good on Brexit promises with new City rules February 11, 2022 Business leaders once again find themselves pondering the shape and size of Britain’s economy post-Brexit. Brexit was always designed to be a two-part plan. Part one was leaving. But, as noted in the report by the Public Accounts Committee, for some sectors it’s been a triple whammy of red-tape, double regulation and rising compliance costs. [...]