Our pledge to bridge the digital divide will shape our post-pandemic future June 14, 2022 Laptop on, coffee mug in hand, smartphone charged. This was many people’s mornings during the pandemic. As Covid-19 ravaged London, we all had to shift from being office-bound commuters to stay-at-home workers. It was then that the digital divide in our city became apparent to everyone. It wasn’t just the divide between the retail and [...]
Retail in 2022: Leisure explosion and flexible landlords will give the UK high street a much-needed boost this year January 11, 2022 Demand for property outside traditional retail and pragmatic landlords have given “renewed optimism” for some high streets and shopping districts despite the toll of the pandemic, according to industry experts. The pressure from lockdown measures, after a steady decline in recent years, saw vacancy rates across shopping destinations hit record levels in the second quarter [...]
McColl’s appeals for rescue deal: Administration ‘increasingly likely’ unless solution can be found May 5, 2022 Convenience store giant McColl’s has said it is “increasingly likely” it will be forced to call in administrators unless an immediate rescue deal can be cinched. Responding to press speculation, the London-listed firm said that “unless an alternative solution can be agreed in the short term, it is increasingly likely that the group would be [...]
City Moves: Who’s switching jobs in the Square Mile? August 3, 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. Nuveen Investment manager Nuveen has bolstered its UK consultant relations team in London with a fresh director. Barry Lee had previously been an associate director for LGT Capital Partners UK, where he held a similar role. Reporting [...]
Ex-Morrisons boss appointed CEO of food manufacturer Greencore May 13, 2022 London-listed convenience foods manufacturer Greencore has appointed a a former Morrisons boss as its new chief executive officer. Philips headed grocer Morrisons, now owned by US private equity firm Clayton, Dubilier and Rice (CD&R) between 2010 and 2015. Dalton Philips will join as CEO and executive director on 26 September, stepping into the shoes of [...]
Mark Kleinman: Post Office needs new leaders to deliver real change January 25, 2024 Mark Kleinman is Sky News' City Editor and writes a weekly column for City A.M. This week, he tackles the Post Office, succession at Lloyd's and the six-days-a-week Royal Mail obligation
Made.com chief steps down due to family reasons February 21, 2022 Chief executive of Made.com Philippe Chainieux has said he is leaving his post because of family reasons. “I have to pause my professional activities to take care of my family,” said Chainieux, who has been with the retailer for about nine years and oversaw its London stock market debut during the pandemic. In an announcement this [...]
Aviva and Allianz partner on £500m City office and retail development February 28, 2022 Aviva Investors and Allianz Real Estate have entered a partnership for a massive ongoing development in the heart of the City of London. The joint venture, 1 Liverpool Street and 101 Moorgate with a gross development value of around £500m, are central to the Crossrail development site in the Square Mile. “London is one of the [...]
Monzo posts first annual profit as digital bank targets European expansion June 3, 2024 Monzo has reported its first annual profit since it launched in 2015, with the digital challenger bank enjoying record growth and unveiling plans to expand into Europe.
Winter of discontent: Platform staff join rail workers with more strikes in December November 30, 2022 Station platform workers have piled on more pressure to the British public before Christmas announcing a series of strike days in mid-December. Members of the TSSA union will join railway colleagues on the picket line as part of a long-standing dispute over salaries and jobs. Avanti West Coast workers will walk out on 13, 14, [...]