“E-commerce winner” Virgin Wines confident in post-pandemic sales July 20, 2021 Wine subscription service Virgin Wines raised its annual financial forecasts as a result of strong customer demand, it told markets this morning. Their customer base grew by 24 per cent in the previous 12 months. The pandemic saw people at home stock their bars and fridges causing increased demand in alcoholic products over lockdowns, as [...]
New creative projects will help power City’s COVID recovery July 20, 2021 Five creative schemes designed to help the Square Mile recover from the pandemic have been given the green light today. Under the plans, businesses and creatives will work together to animate shops, offices and foyers across the City with art, boosting footfall and attracting people back into the Square Mile. Young people will learn new [...]
EasyJet revenues increase as airline prepares for more flights July 20, 2021 EasyJet reports increased revenues as the airline prepares to “emerge transformed post pandemic” and more people travel abroad. Their headline loss before tax was £318m, reduced from £347m last year. The no-frills airline reported a lower cash burn of £55m during the quarter ended 30 June 2021, in line with expectations. Revenue increased to £213m [...]
British sales rep goes viral on LinkedIn after swapping £100k job for mail July 19, 2021 A Briton who went viral on LinkedIn after swapping a high-paying career to become a postman has said “Covid has made people value the simple things in life”. Phil Goddard, 56, from Orwell in Cambridgeshire, left behind decades in sales and account management after going through furlough and redundancy in 2020. In September last year [...]
Exclusive: Argyll Club COO on the future of the City of London July 19, 2021 As England lifts most Covid-related restrictions from today, City A.M. sits down with Emily Smith, chief operating officer of flexspace provider The Argyll Club, to zoom in on the future of the Square Mile post-pandemic. Smith is a true industry veteran, with 20 years’ experience and stints at IWG, Regus, The Crown Estate and Grosvenor. Now, she sits at the helm of The [...]
Freedom Day: UK runs out of lateral flow tests the day lockdown lifts July 19, 2021 The UK has run out of lateral flow tests for Covid-19, the same day most lockdown restrictions were lifted in the country, which has been coined ‘Freedom Day’. Those trying to buy testing kits from the government’s website have been told that ‘no more tests can be ordered’ and to ‘try again tomorrow’. It comes [...]
Forward Partners loses pre-trading gains on London AIM debut July 19, 2021 Tech-focused venture capital firm Forward Partners’ pre-trading gains were eroded by almost 13 per cent upon its listing on London’s AIM market on Monday morning. Shares in the VC firm slid to 100p at some points on Monday following its AIM debut – in line with its float price, and 12.5 per cent down on [...]
Ready meal firm Parsley Box reports steady growth fuelled by repeat orders after London IPO July 19, 2021 Parsley Box reported active customers were at record levels after a surge in new customers earlier in the year, but things had begun to “normalise” post-lockdown. The Edinburgh-based company, which targets the “baby boomer” generation, this morning reported unaudited first half revenue of £14m, an increase of 26 per cent over the same period last [...]
Work from home advice has finally been dropped and we need our staff back in offices for our economy to recover July 19, 2021 Today is truly a significant moment for businesses and households across the nation, as social and economic COVID-19 restrictions in England are finally eased. It’s been a long journey, but for the City, after many months of quiet we can now breathe a collective sigh of relief, as workers and visitors start to return to [...]
Biden fundraiser Jane Hartley tapped as new US ambassador to the UK July 17, 2021 Joe Biden is set to pick Jane Hartley, a prolific Democrat fundraiser and former US ambassador to France, as the new envoy to the UK, according to diplomatic sources. It comes after weeks of deliberation over who would occupy the role – with billionaire former mayor of New York Michael Bloomberg, former secretary of state [...]