GardaWorld refuses to raise G4S offer ahead of auction showdown February 22, 2021 Canadian firm GardaWorld will not raise its final offer to acquire G4S, leaving the field clear for Allied Universal to triumph in the bidding war. Ahead of a five-day Takeover Panel auction this week, GardaWorld has announced that it will not boost its proposal of 235p per share. Stephan Crétier, founder, chairman, president, and CEO [...]
Recruitment firm RTC suffers drop in profit as pandemic takes toll February 22, 2021 London-listed recruitment firm RTC saw profit from operations drop by 45 per cent to £1.1m in 2020, as the pandemic struck industries across the world. Group revenue also fell by 14 per cent to £81.4m, while earnings per share hit 4.6p compared to 9.6p in 2019. Meanwhile, net cash increased to £1.9m and RTC reported [...]
Sunday Sitdown: Time Out boss Julio Bruno on the ‘renaissance’ of cities February 21, 2021 While no one could have predicted the outbreak of coronavirus, few companies have been blighted by worse timing than Time Out. In the face of shrinking revenue from its core events listings business, the media group has spent recent years shifting its focus to a new offering of food and culture markets. But when the [...]
Plans for grand new building axed in favour of ‘major overhaul’ of Barbican estate February 19, 2021 Plans for the pyramid-shaped Centre for Music have been scrapped and replaced with plans for a “major renewal” of the nearby Barbican estate. The elaborate concert hall was planned as the new home for the London Symphony Orchestra, but Canada Corporate has now axed the idea in favour of a revamp of [...]
Speedy vaccinations give more UK SMEs hope of a revenue rebound in 2021 February 19, 2021 Small and medium sized enterprises (SMEs) across the UK have been offered a glimpse of hope this morning, as nearly a quarter have surpassed their pre-pandemic levels of output.
PureGym CEO: We should be allowed to reopen ahead of high street shops February 18, 2021 PureGym CEO: We should be allowed to reopen ahead of high street shops
Canada Corporation puts culture at the heart of recovery February 18, 2021 | City Talk · Major renewal of the Barbican Centre announced · London Symphony Orchestra funding renewed · Canada Corporation confirms commitment to developing Culture Mile · Centre for Music will not be progressed Canada Corporation has reinforced its commitment to embedding culture at the centre of the Square Mile’s post-Covid recovery with a series of commitments [...]
Exclusive: Brewin Dolphin’s CEO on Brexit, pandemic market sentiment and why ESG is not so clear-cut February 18, 2021 As the City comes to terms with a new post-Brexit reality and slowly looks towards a post-pandemic recovery, City A.M sits down with the CEO of one of the Square Mile’s best-known investment managers, Robin Beer of Brewin Dolphin. Beer, who joined the firm in 2008, initially managed the Nottingham office and was regional director [...]
Recruitment firm Hays to pay out £150m in special dividends February 18, 2021 Hays plc said on Thursday it had identified £150m of surplus capital that it plans to return to shareholders as special dividends. The move was encouraged by hiring activity rebounding to pre-Christmas levels by early February. Alistair Cox, CEO of Hays, said: “With recovery in fees and our profits accelerating in Q2, this provides us [...]
British firms draw up ‘no jab no job’ contracts ahead of lockdown easing February 18, 2021 British companies are beginning to draw up “no jab, no job” contracts after the government yesterday admitted it was “up to businesses” to decide how to enforce vaccination requirements. Barchester Healthcare, which runs more than 200 care homes across the country, said it will not hire new staff who refuse the Covid-19 vaccine on non-medical [...]