FTSE reshuffle: British Land booted off premier index while Ocado dodges demotion June 1, 2023 Online grocer Ocado has dodged relegation from London’s FTSE 100 while property firm British Land lost its coveted spot among the blue-chip stocks. Fashion retailer Asos also faced demotion from the FTSE 250 ranks, according to the annual review by data firm FTSE Russell. Ocado was expected to drop off the UK’s top index after [...]
Asos chair Ian Dyson to take on role as Currys chair May 19, 2022 Currys has announced Asos chair Ian Dyson will join the company as chair of the electronics retailer. Dyson will succeed Ian Livingston by joining the board as chair on 8 September, when Livingston will step down from the board. The Asos chair has decades of experience of retail and leisure, including a five-year stint as [...]
Former M&S CFO Helen Weir named new chair of National Express September 8, 2022 Former M&S CFO Helen Weir has been named the new Independent Non-Executive Director and Chair Designate of National Express.
I’m the only openly gay CEO in UK banking. LGBT people still face so many barriers June 24, 2024 The City can put on a good show for Pride, but its C-suite record shows LGBT representation still has a long way to go, writes Anthony Watson.
Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance February 26, 2024 Both Ocado and Marks and Spencer joined forces five years ago to create the digital grocery brand, in a £750m tie-up.
Let them join AGMs! Retail investors shouldn’t be stuck on the sidelines forever August 22, 2023 The tide is turning. For decades, influence over large company decision-making has been dominated by a handful of institutional investors. But recently, the number of everyday people who trade for themselves in small quantities – retail investors – has been steadily growing. Fuelled by the availability of DIY investing apps, the percentage of UK shares [...]
Sainsbury’s refocuses on food in new growth strategy with ‘progressive’ dividends and buybacks too February 7, 2024 Currently only 15 per cent of its supermarkets offer the full food range, with the new plan to focus on 180 of these highest potential stores.
Spring Budget 2024: Business leaders livid ‘overwhelming’ case for one tax cut didn’t land March 6, 2024 Bosses, including the chief of Marks and Spencer and the head of British Airways, have reacted with fury this afternoon, following the Chancellor’s snub of the tourist tax.
Amazon faces potential investigation as Prime Day nears July 11, 2024 A watchdog has warned that it would "not hesitate" to launch a formal investigation into Amazon if concerns were raised that the US giant was not treating its suppliers fairly and lawfully.
City Moves: Who’s switching jobs in the Square Mile? October 7, 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. Atrato Alternatives asset management and advisory group Atrato has poached its latest director from abrdn to help oversee the supermarket investment fund management team. Ollie Mottram, who most recently held the position of transactions maager at abrdn, [...]