City Moves: Who’s switching jobs in the Square Mile today? December 16, 2021 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. Zeus Labs Software startup Zeus Labs has poached Tesco’s global head of logistics as it looks to shape up the road freight industry. Joining as chief operating officer, Alistair Lindsay will help reduce the sector’s carbon footprint [...]
Calls to overhaul ‘antiquated’ trial rules grow as SFO forced to drop G4S case March 14, 2023 The UK’s Serious Fraud Office (SFO) on Friday said it would be dropping its case against three former G4S executives over claims they defrauded the UK government of tens of millions of pounds. The collapse of the SFO’s case came after G4S itself took responsibility for the fraud that saw it mislead Britain’s Ministry of Justice [...]
Digital banks pull ahead of high street rivals in battle for consumers’ wallets August 17, 2021 Digital banks are pulling ahead of their traditional high street rivals in the battle to deliver strong customer services, according to findings from the competition watchdog. The Competition and Markets Authority found that Monzo, Starling Bank and First Direct are the top banks for customer service in Britain. The CMA conducted a survey of 1,000 [...]
M&S warns cost of living crunch will slow sales growth May 25, 2022 Despite posting hefty profits this morning, the luxury retailer M&S warned against upcoming inflationary headwinds.
Supermarkets urge shoppers to keep masks on after 19 July July 15, 2021 Supermarkets are urging customers to continue wearing masks even after 19 July, when they will no longer be a legal requirement in England. Prime Minister Boris Johnson has announced that from Monday 19 July, dubbed ‘Freedom Day’, almost all pandemic restrictions will be lifted including the legal requirement to wear masks. Instead the public will [...]
Ranked: Monzo tops list of best UK banks as digital services thrive February 15, 2021 Digital fintechs Monzo and First Direct provide better service to customers than traditional banks, according to a recent survey. Ipsos MORI conducted a review of around 1,000 customers from each of the 19 biggest personal current account providers in the UK to rank the best and worst banks. The findings are designed to compare the [...]
Seven million unemployed Brits not looking for work because they do not want a job August 27, 2021 Around seven million people in the UK who are unemployed are not looking for work because they do not want a job, according to official figures. Data from the Office for National Statistics shows of the 13m Brits who are not looking for work, over half said they were doing so because they did not [...]
Tesco Bank appoints ex-Treasury mandarin to board October 7, 2019 Tesco Bank has appointed Sir John Kingman, the ex-Treasury mandarin who supervised the UK’s bank bailouts during the financial crisis, to its board as a non-executive director. Kingman was second permanent secretary to the Treasury in 2008, when Britain’s banks were given hundreds of billions of pounds by the UK government to keep them afloat [...]
UK hiring woes: Amazon lures new recruits with £1,000 joining bonus August 25, 2021 E-commerce giant Amazon is offering new warehouse recruits a £1,000 joining bonus as it looks to attracts staff amid a mounting hiring crisis. The group is advertising for “urgently needed” warehouse pickers and packers across the UK to help meet booming online shopping demand. Job ads on the Indeed website reveal it is offering to [...]
WPP snaps up delivery tech firm Satalia in AI push August 23, 2021 WPP has snapped up a London-based tech firm specialising in home delivery services in a move that will boost the ad giant’s artificial intelligence offering. The FTSE media group today said it had acquired Satalia, which is one of the UK’s fastest-growing tech companies and serves major clients such as BT, Tesco and Unilever. Following [...]