Author: Scott Dylan

SecsintheCity hosts the annual PA of the Year Awards, celebrating excellence in business support roles.Nominations close soon, marking a final call for entries recognising outstanding personal and executive assistants.Recognising Excellence in Personal AssistanceSecsintheCity, the UK’s premier job board for personal assistants, executive assistants, legal PAs, and business support professionals, celebrates excellence in these fields with its 13th annual PA of the Year Awards. This event acknowledges the significant contributions and dedication of individuals in often-overlooked roles. The deadline for nominations is fast approaching, closing on Friday, 20th September.As part of this prestigious awards ceremony, a new category, ‘Business Support Manager…

Will Shu, the CEO of Deliveroo, has recently sold 9.4 million shares valued at £14.8 million. This sale was primarily aimed at funding his personal property investments.Despite this significant sale, Shu still holds 95.8 million shares in the company. This move follows Deliveroo’s achievement of its first profit and comes alongside a newly announced £150 million share buyback.Will Shu’s Share SaleBetween September 12 and September 16, Will Shu sold 9.4 million shares of the company, amounting to approximately £14.8 million. This substantial share sale was undertaken to fund his personal property investments. Despite this transaction, Shu retains a significant stake,…

Petershill Partners, backed by financial giant Goldman Sachs, has declared a special 9-cent dividend for its shareholders. This move illustrates the firm’s impressive recovery and robust growth strategy in the competitive financial market.The firm has shown remarkable growth in income, reaching $146 million, which marks an increase from the previous year. With strategic acquisitions and asset management, Petershill is navigating market challenges with expertise.Petershill’s Financial SurgePetershill Partners, a robust player in the private equity field, has announced a 9-cent special dividend for its stakeholders. This decision comes after a period of significant dealmaking success and asset growth, marking its recovery…

Zevero, a climate tech platform specialising in carbon data reporting, has successfully raised £5.3m in its initial seed investment round.The funding round was led by Spital Capital and received contributions from East Ventures and select angel investors.Zevero is co-headquartered in London and Singapore, catering to clients with extensive supply chains.The platform is designed to help businesses understand and manage their climate impact, assisting in the attainment of sustainability goals.The investment will be utilised to enhance Zevero’s platform, expand its global operations, and strengthen its support for a net zero future.Zevero has successfully secured £5.3 million in its initial seed investment…

Exeter City Football Club appoints Joe Gorman as the new chief executive, succeeding Jeremy Tipper.Gorman’s appointment signals a strategic move towards sustained growth and enhanced operational management for the club.Joe Gorman steps into the role of chief executive, aiming to drive forward the club’s strategic vision. With a solid background as the club’s finance chief, he is well-prepared to tackle the new responsibilities. His role involves shaping strategic direction and overseeing core business functions such as finance, marketing, and human resource management.Tipper’s tenure was marked by substantial growth and improvements, paving the way for Gorman’s seamless transition. His strategic planning…

In a promising turn of events, Accor Hotels in the United Kingdom has displayed robust growth in 2023. The chain’s Ibis division has been a crucial contributor to this success, showcasing remarkable financial gains.Resurgence of Accor’s Major BrandsAccor’s UK operations, including well-known brands such as Novotel, Pullman, and Mercure, returned to profitability in 2023. Notably, the group’s revenue grew significantly, as reflected in their recent financial results submitted to Companies House. Both turnover and overall profit have increased substantially, mirroring the steady recovery in the hospitality sector.The turnover for Accor UK Business & Leisure Hotels increased to £282.3 million, up…

AllSaints, a leading fashion retailer, has announced its third consecutive year of record-breaking financial performance.Operating profit increased by 40% to reach £39.9 million, indicating strong fiscal management and strategic planning.The company experienced an 18% rise in EBITDA, showcasing its effective cost management and operational efficiency.Sales growth was modest at 0.6%, yet the brand’s global reach continues to expand through wholesale, franchise, and licensing channels.AllSaints’ future outlook remains positive, bolstered by new product launches and investment in infrastructure.Fashion retailer AllSaints has delivered a noteworthy fiscal performance, marking its third consecutive year of record results. The company’s operating profit surged by a…

Amazon has announced a significant shift in its working policy, requiring employees to return to the office five days a week from January 2, 2024.This move marks the end of the company’s pandemic-era remote work policy, which allowed employees greater flexibility in their working arrangements.Amazon’s decision to bring employees back to the office full-time will end the practice of hot-desking. Individual desks will be allocated once again, and management layers will be reduced to streamline operations. The company believes that in-person work fosters better collaboration, learning, and company culture.Previously, Amazon required its employees to work from the office at least…

Carpetright’s collapse has left nearly 21,000 customers without refunds, totalling almost £8 million.Company directors’ statement predicts most affected customers will not receive refunds.The actual debt could be significantly higher, as reported by The Times.Intellectual property rights were transferred amid controversy prior to the company’s collapse.Tapi Carpets acquired Carpetright, incurring significant costs for intellectual property rights.The collapse of Carpetright has resulted in approximately 21,000 customers being owed nearly £8 million for outstanding orders. According to the company directors’ statement of affairs, the majority of these customers are unlikely to receive refunds.Sources familiar with the situation have indicated that the final amount…

A cutting-edge AI testing facility featuring Nvidia technology has commenced operations in Stockport.The facility is aimed at offering developers remote access to test and validate AI technologies.This site represents the first European implementation of Nvidia’s Grace Hopper architecture.Vespertec’s new initiative targets challenges in adopting advanced technological solutions.UK government recently affirmed the critical importance of data centres to national infrastructure.A state-of-the-art artificial intelligence (AI) testing facility has officially opened in Stockport, equipped with pioneering technology from industry leader Nvidia. This new development is set to make significant contributions to the AI testing landscape, offering extensive capabilities to those seeking to explore…