City Moves for 11 September – Who’s switching jobs at Ovo Energy, RPC and Axiom Stone? September 11, 2019 Today’s City Moves includes Ovo Energy, RPC and Axiom Stone. Ovo Energy Independent energy provider Ovo Energy has appointed David Allison (pictured) and Rich Jones as technology director and product director, respectively. David joins following nine years at Hotels.com, where he was the senior director, technology. In his new role at Ovo, David will lead [...]
Next raises forecast after Christmas sales beat expectations January 3, 2020 Clothing retailer Next continued its strong progress as the company beat its internal forecast for its Christmas performance by 1.1 per cent. In a trading statement, the company said that total full price sales for the fourth quarter were up 5.2 per cent, with sales for the full year up 3.9 per cent. Read more: [...]
Burberry shares sink as it warns of ‘continued coronavirus impact’ July 15, 2020 Burberry shares sank more than seven per cent this morning as sales slumped 45 per cent during lockdown and the group warned that it will “take time” to recover from the severe impact of coronavirus. The British fashion staple said it sees no immediate end in sight to dented sales, as the pandemic continues to [...]
City Moves for 9 October – Who’s switching jobs at Made, Sir Robert McAlpine, Pantheon October 9, 2019 Today’s City Moves includes Made, Sir Robert McAlpine and Pantheon Made Leading European design brand Made has announced the appointment of Nicola Thompson as the company’s new chief operating officer (COO). In the newly-created role, Nicola will be responsible for merchandising, logistics and supply chain, customer service and customer experience functions. Nicola joins Made after [...]
Restarting and building a resilient recovery June 2, 2020 COVID-19 continues to create a unique set of challenges for business and society. I think it’s important, as we wrestle with those challenges, that we continue to acknowledge that we’re all experiencing this crisis in different ways and on different timelines. The way EY has been advising businesses to manage and respond to COVID-19 is [...]
City Moves for 4 February – Who’s switching jobs at Saatchi & Saatchi, Barkby and Superunion? February 4, 2020 Today’s City Moves includes Saatchi & Saatchi, Barkby and Superunion Saatchi & Saatchi Saatchi & Saatchi London has announced the appointment of Andrew Kay as managing partner on its prominent BT account. Andrew takes on the new role after three years as managing director at BETC. He began his career with account management roles at [...]
FCA eases rules to speed up company capital raising April 8, 2020 The Financial Conduct Authority (FCA) has set out temporary measures to help listed companies raise cash quickly during the coronavirus crisis. The watchdog said it was likely many companies will turn to capital markets to raise money to support their recovery. Since lockdown measures prevent more than two people meeting, it’s harder to obtain shareholder [...]
High street retailers urged to offer opt-out option for ‘buy now, pay later’ plans December 3, 2019 High street retailers have been urged to allow shoppers to opt-out of being shown “buy now, pay later” options, over concerns that the easily accessible credit could push vulnerable people into unaffordable debt. The Money and Mental Health Policy Institute, an initiative set up by personal finance guru Martin Lewis, said retailers should “help people [...]
Insurance: Hiscox, Aviva, RSA and Direct Line suspend dividends following Bank of England pressure April 8, 2020 Insurance companies Hiscox, RSA, Aviva and Direct Line have this morning announced the suspension of their dividends after regulatory pressure from the Bank of England. Sam Woods, deputy governor of the Bank’s Prudential Regulatory Authority wrote to chief executives of major insurers on 31 March asking them to “pay close attention to the need to [...]
Fimalac builds £500m digital ad firm with Jellyfish deal November 5, 2019 Fimalac, the group owned by French billionaire Marc Ladreit de Lacharrière, has bought a majority stake in London-based digital marketing agency Jellyfish as it seeks to compete in an increasingly online advertising landscape. Fimalac data-driven marketing specialist Tradelab will be merged with Jellyfish, the companies said, to create a combined entity with a market capitalisation [...]