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Uniting Ambition
Uniting Ambition
Uniting Ambition

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UA Recruitment’s Manchester Move - So why Manchester?

UA Recruitment, part of the Uniting Ambition Group, is a specialist recruitment firm which recently opened a new branch in Manchester’s Lowry House.

After an undisclosed funding deal with Centric, UA Recruitment, who work with privately owned and capital invested businesses, will focus on expanding their Manchester branch which will be a hub for technology, eCommerce and IT. 

Adam Wagster, Director at UA Recruitment, says: “Manchester is the centre of the UK’s technology, it made no sense to open our specialist office in the capital. 

“As a born and bred Mancunian, I want Manchester to excel and provide opportunities for the local region, as well as attracting great regional talent for our customers.”

UA Recruitment work with some of the UK’s most recognised brands, including many Manchester-born businesses.,,, and are just some of UA’s customers, all based in the North West. 

“Manchester has a powerful eCommerce market, and are pushing the development of online retail more than any other region in the UK. We also work with other large Manchester businesses like Shop Direct and Betfred,” continues Adam.

UA Recruitment are recognised as one of the fastest growing businesses in the UK, and want to encourage recruitment as a career of choice. 

Ashley Knight, Head of Internal Recruitment, says: “We invest heavily in our new talent, and will be hosting emerging talent days in the summer to attract incredible new people. The strong student population is something that attracted UA Recruitment to the city.

"The calibre for technology recruiters and talent for our customers is massive, more than any other region.”

UA Recruitment will create around 40 jobs at their Manchester office based at Lowry House over the coming year. 

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“The growth plans for the Professional Services team in Birmingham are ambitious but will help us remain one of the top 100 fastest growing businesses in the UK and am genuinely excited about the future.”

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UA Recruitment, part of the Uniting Ambition Group has made four new appointments across the Staffordshire HQ and specialist technology office in Manchester. 

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*Daily Market Insight*

The London Stock Exchange has seen IPOs increase by 104 per cent compared to 2013. Figures have shown that from 1st January to 23rd May this year, there have been 55 IPOs which raised £7.7billion.

Compared to the previous year, the money raised at IPO in 2014 has risen by 173 per cent. There have been 23 listings on the main market and 32 on AIM. 

Meanwhile, Sir Philip Green, CEO of the Arcadia Group is in talks with food retailers about installing food offers in BHS. Back in March, the department store unveiled several new food departments across a handful of stores. Sir Philip Green has stated that sales had boosted  since opening the new restaurants and food departments. The retailer intends to install the new food departments across 140 stores in the UK.  

Impero, a network management software business has raised £10 million of debt and equity financing. The Loughborough-based technology company will use the money to fund a management buy-out. 

With the support of private client investment business Connection Capital, along with BLME, an independent UK bank, who has backed the buyout, Impero will continue to grow across international markets.   

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*Daily Market Insight* 

The Hut Group has reconsidered its plans for an IPO after Fat Face abandons its intentions to float. 

The online retailer intended to float at £350 million earlier this year; Matthew Moulding, Chief Executive of The Hut Group has said the business no longer needs funding after returning £13 million to its investors. The decision came after Fat Face, another online retailer, stated that ‘potential floats will fail to impress’. 

Matthew said The Hut Group doesn’t need to get caught ‘in the cross-fire’ of volatile share prices. 

MySale has bought Cocosa, an online flash sales site. MySale the Australian-based online fashion retailer, which is partly owned by Arcadia, has acquired more than 800,000 customers and gives the business a platform to launch in the UK. 

A spokesman has stated that Cocosa will benefit from the global infrastructure of MySale and together, they will target all markets.

Meanwhile, Halfords will attempt to raise £100 million for staff training and store modernisation. The retailer have asked suppliers to pay up to 10 per cent of their annual sales to assist the funding. Halfords’ suppliers are concerned about the request, and have begun a legal battle to challenge the business. According to the Competition and Markets Authority, Halfords’ actions may breach British and European competition law. 

Matt Davies, chief executive of Halfords states the payments are voluntary, and suppliers who do not comply may lose business. 

Finally, Lloyds Banking Group will float around 25 per cent of the business to secure backing from retail investors. Lloyds TSB will give investors an extra bonus share for every 20 they purchase. 

Chief Executive, Paul Pester has said he hopes investors will hold the shares as the business ‘grows into its shoes.’

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*Daily Market Insight*

David Keens, the Next Group finance director will retire March 2015 after almost three decades at the retailer. Amanda James, the director of accounting and commercial finance at the brand will replace David. Amanda’s been with the clothing and home retailer for 18 years.  

Superdrug managing director Joey Wat has made the decision to leave the health and beauty retailer. Joey has spearheaded the revitalisation of the business by introducing in-store healthcare, and encouraging the retailer to go online. 

Peter Macnab, the managing director of Savers will replace Joey. Both Superdrug and Savers are owned by AS Watson. 

Meanwhile, Card Factory has raised £54 million after it floated on the stock market just last week. Stuart Middleton, the creative director sold £21.7 million worth of shares; Anthony Barraclough, head of property, earned £18.5 million, and the chief executive Richard Hayes, banked £14 million. 

However, the greetings card retailer had intended on raising £800 million, but resulted in listing at the lowest end of its range at 225p per share. Card Factory is just one of the retailers who didn’t perform as well as anticipated, others include Pets at Home and Poundland.

Game’s managing director Martyn Gibbs has stated that potential investors will not be apprehensive after the retailer’s previous administration.

The video games retailer has also rebranded to Game Digital, and hopes to invest the raised funds into its future digital offering. The business operates 560 stores and will look to expand their web platform and digital architecture.  

Finally, Zoopla, one of the UK’s leading property websites will make their debut on the London stock exchange. After the housing market boom, the business are prepared to float at around £1 billion. 

Alex Chesterman, the founder of Zoopla will receive around £90 million if the business floats at the anticipated amount. 

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*Daily Market Insight*

Bhs, the department store chain is planning to renovate their fashion collection. Sir Philip Green, the owner of the department store, states he wants to provide good quality clothing to shoppers in their forties and fifties. 

The casual wear collection is to be unveiled this week. The womenswear director at Bhs has stated that one of the biggest challenges will be changing people’s perception of the company’s clothing line. 

Meanwhile, Pizza Express has received bids starting at £1 billion after attracting interest from private equity groups. CVC and Advent are interested in the restaurant chain after Cinven, the company’s owner, is planning to exit. 

Holland & Barrett will launch a new e-commerce website as they enter the late stages of an IT upgrade worth £16 million. The retailer installed new tills just a few weeks ago, and says the new site will complement this. 

Peter Aldis, CEO of Holland & Barrett states that the changes have brought the business into the 21st Century, and they’re well on their way to becoming an omni-channel retailer.   

Hotel Chocolat, the confectionary chain has planned to raise £10 million of capital through a bond issue. The capital is intended to expand manufacturing capabilities, along with their boutiques and restaurants. Investors are said to be rewarded with a chocolate box each month. 

Finally, the Co-operative Group’s proposal to reform the governance was backed unanimously at a ‘special meeting’. The business will create a newly qualified board and believe the financial health of the business will be restored in five years. 

The Co-op chemist is also up for auction and has attracted bidders from Holland & Barrett’s owner Carlyle Group and Alliance Boots’ financier Guy Hands. The 750-strong Co-Operative chain is expected to fetch £600 million; the Co-op has not commented. 

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*Daily Market Insight*

B&M Bargains, the value retailer will float on the stock market for £2 billion. Goldman Sachs and Bank of America Merrill Lynch will control the listing of the retailer. 

The 270-store retailer made the decision for IPO after Poundland listed on the stock exchange in March. Poundland was the only variety value retailer to list, until now. 

There’s been speculation since last October on whether B&M Bargains will float, especially after they refinanced £585 million of loans. B&M Bargains will go to float next week.

After Amazon’s previous announcement of a new dress store, the online retailer have now acquired Javari, a standalone shoe website. Javari will migrate all of their shoes and accessories underneath the Amazon brand in June. The online retailer’s customers will be directed to Amazon UK where they’ll find multiple fashion categories. 

Dixons, the technology retailer, will sell its ElectroWorld operations to NAY. NAY are an electricals specialist based in Central Europe. 

After Dixons announced its merger with Carphone Warehouse last week, the retailer will sell ElectroWorld which operates over 25 electrical retail stores in Eastern Europe. ElectroWorld has generated great losses for the business; Dixons are hoping to receive a ‘cash consideration’ over the coming three years once the deal takes place in the summer. 

Sebastian James, Dixons Chief Executive has stated that ElectroWorld will thrive as part of the NAY Group. 

Finally, Game, the video games retailer will float on the London Stock Exchange’s main market. Game previously went into administration in March 2012 and has undergone a dramatic restructure under new owners. 

The IPO is expected to free float at 35 per cent. 

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*Daily Market Insight*

Carphone Warehouse and Dixons will merge to create a £4 billion technology-retail company. 

The business will be called Dixons Carphone and will ‘become the leader of electricals and mobiles in Europe’. Sebastian James, the Dixons Chief Executive and Sir Charles Dunstone, the Carphone founder are anticipating £80 million savings on a recurring basis. The pair intend to create a seamless experience for their customers. 

The rationale behind the merger covered three core points: the ability to generate value to the customer through a multichannel retail offering, to deliver a significant growth in revenue, and leverage both businesses existing capabilities. 

Playnation, the entertainment solutions provider have acquired Fun House Leisure, an arcade prize machines operator. This will be the company’s first acquisition after founding in 2013, and they’re confident it will enable the business to expand into the leisure sector. 

Meanwhile, Sports Direct are intending to buy 30 gyms as they enter the health and fitness industry. The sports retailer has over 600 stores in Europe, 400 of those in the UK. The business, which owns a number of brands, including Everlast, Dunlop and Slazenger, is holding talks with LA fitness. 

LA fitness are planning on selling 33 of its fitness clubs as part of a company voluntary agreement. 

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We're hosting a graduate day on Thursday 22nd May at our HQ at Keele University. Get in touch with Ashley Knight on 07812 716 665, or email for more information #recruitment   #graduatejobs  
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