Asos shares jump after posting ex-Paddy Power boss to board January 13, 2022 Asos has posted the former boss of Paddy Power to its board today, in a move which helped pushed the retailer’s share price up over 10 per cent. The online retailer also announced this morning that it would be shifting to London’s main market, after two decades on the junior AIM index. Patrick Kennedy, who [...]
Nightcap eyes portfolio expansion as CEO ‘proves critics wrong’ after pandemic-launch January 12, 2022 Bar operator Nightcap hit £15.5m in net sales during its first full year of trading, as it lines up 25 new site openings this year. Boss Sarah Willingham, whose group owns Tonight Josephine and the London Cocktail Club, told CityA.M. she had “never been prouder” to work in hospitality than during the pandemic. The company [...]
Recruitment titan PageGroup hiked profit guidance after hiring spree January 12, 2022 Recruitment firm PageGroup upgraded its profit guidance for the fourth time in seven months as a hiring frenzy continues. Labour shortages in key markets have helped the group, which posted a gross profit of £246.8m for the three months to December, rising from a £166m gross profit in the same period last year. The firm [...]
All eyes on PMQs as Boris Johnson’s premiership is ‘hanging by a thread’ January 12, 2022 Boris Johnson’s premiership is hanging by a thread today, as angry Tory MPs and outraged Brits await Prime Minister’s Questions to see whether he will come clean over a party during lockdown. Reports that Johnson and his then fiancé Carrie Symonds attended a “bring your own booze” party in the No 10 garden during lockdown [...]
Boris Johnson’s rudderless levelling up plan must be anchored in business January 12, 2022 It was Winston Churchill who famously stunned a waiter by asking them to take back his pudding. “There’s no theme!” he bellowed. One man undoubtedly aware of this is Boris Johnson – the Prime Minister who wrote an effusive biography of Britain’s wartime leader before trying to emulate him in Downing Street. It comes to [...]
Horizon scandal: Post Office struggles to deliver compensation for victims January 11, 2022 The Post Office has repaid 777 of some 2,500 postmasters who applied for compensation because of a company computing scandal.
Allegations Novak Djokovic lied about travel history before coming to Australia as questions emerge over tennis star’s declaration form January 11, 2022 The declaration form Novak Djokovic filed to travel to Australia is under scrutiny following allegations he may have answered incorrectly. On the form, filed on January 1, Djokovic answered “no” to the question: “Have you travelled, or will you travel, in the 14 days prior to your flight to Australia?”. Djokovic flew to Melbourne from [...]
A bash while Covid spread: Boris Johnson may face police probe over ‘bring your own booze’ drinks party at Downing Street when household mixing was outlawed January 11, 2022 The Metropolitan Police confirmed it is liaising with the Cabinet Office over damning claims the Prime Minister’s aide organised a “bring your own booze” Downing Street drinks party during the first lockdown, in May 2020. Martin Reynolds, the Prime Minister’s principal private secretary, sent an email to more than 100 Downing Street employees asking them [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 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. Moorhouse Management consultancy Moorhouse has appointed a new managing partner, who will focus on supporting the growth of its portfolio, which includes the Health, Financial Services, Energy and Life Science industries. Richard Brackstone, who had previously spent [...]
TfL finance chief quits post amid financial turmoil for the London transport body January 10, 2022 Transport for London’s (TfL) chief financial officer has resigned amid the transport body’s ongoing financial turmoil. It was announced today that Simon Kilonback will leave his post and join internet provider G.Network, after working at TfL since 2009, in what is another blow to the body as it seeks to secure its financial future. It [...]