ProCook sets IPO price range up to £200m November 1, 2021 UK kitchenware brand ProCook has today set a price range for its planned IPO which gives the retailer an estimated market capitalisation up to £200m. The company announced a price range for shares between 137p to 185p, making its estimated market capitalisation between £150m and £200m. ProCook said 40 per cent of the company’s issued [...]
Londoners receiving benefits surge 200 per cent over the pandemic November 1, 2021 The capital was hit by the highest jump in financial vulnerability in the UK during the pandemic, new research has shown. Londoners receiving benefits surged 200 per cent in the months between the final quarter of 2019 and the first quarter of 2021, according to Lowell’s Financial Vulnerability Index – meaning that more than 20 [...]
COP26: Trains to Glasgow cancelled over a fallen tree, leaving travellers stranded October 31, 2021 Trains to Glasgow the day the UN’s flagship climate conference COP26 kicks off have been cancelled due to a fallen tree – leaving travellers and journalists stranded. Financial Times chief political correspondent Jim Pickard said it “feels like a metaphor for the climate talks”, following last night’s stormy weather. Travellers have been advised to wait [...]
Brexit fishing fight: British fishermen held on board by French as UK warns ‘two can play at that game’ October 29, 2021 The UK has hit back at the French government, warning “two can play at that game” in a warning Britain could retaliate if Paris goes ahead with “inflammatory” threats made in a post-Brexit row over fishing rights. The development comes as The crew of the British trawler detained by French authorities have been advised to [...]
BREAKING: COP26 climate protesters storm the City, Greta Thunberg on her way to Square Mile October 29, 2021 Several streets across the City have been taken over by protestors this afternoon as they demand that financial institutions no longer finance or invest in fossil fuels. Activists chanted “Ensure our future, not pollution” as they made their way from Lloyd’s of London to Macquarie Capital. They want the banks stop their support of fossil [...]
Exclusive: Brands fall short of customer engagement and interaction, warns digital ad guru October 29, 2021 In today’s increasingly digital-led way of life, retailers, service providers and other businesses are digitalising more of their operations and dealing with customers across a range of channels, whether it’s via a website, mobile app, email and other messaging formats, social media, or even the old-fashioned phone call. But according to Daniel Homoki-Farkas, UK managing [...]
Golden age of freelance: As trust in our bosses drops, external advisors thrive October 29, 2021 Given the volatile conditions in practically every market since the outbreak of the pandemic, in March of last year, the Covid-19 pandemic has forced most businesses to make decisions fast. In fact, the ongoing pandemic has left 6m UK small businesses and 16m jobs in a precarious position, according to recent data from the London Business School. As a result, many [...]
40 firefighters tackling massive blaze in Newham, Bidder Street area evacuated October 29, 2021 Six fire engines and around 40 firefighters have been called to a major fire at a recycling plant on Bidder Street in Newham about an hour ago. Firefighters are currently tackleing a fire where a large area of recycling, made up of scrap household appliances, is completely alight. There have no injuries been reported. Fire [...]
City Moves: Who’s switching jobs in the Square Mile today? October 29, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email [email protected] to be featured. GCA Altium Global investment bank GCA Altium has bolstered its London team with the appointment of a consumer mergers and acquisitions (M&A) expert as its new director. Joining the helm, Tom Barnard is set to work directly with managing director and [...]
Travis Perkins builds sturdy sales growth as cost inflation swells four per cent October 28, 2021 Building materials business Travis Perkins has posted solid sales growth in its third quarter trading update, which flies in the face of global supply chain troubles and a raw material pricing crisis. The London-listed builders merchants has continued a pandemic-era momentum – which saw many households undertaking DIY projects during lockdown – with like-for-like sales [...]