o Revenue down 12% underlying o Cash operating income² down 13% underlying; 11% margin o Adjusted³ operating profit down 19% underlying; 9% margin o Adjusted profit before tax down 20% underlying o Adjusted EPS up 12% · Interim dividend increased +1% to 7.6p · Statutory · Active portfolio management strategy delivering value creation: o Increased investment in Cazoo in October 2020; proposed transaction values stake at c.US$1.35bn
5 vs £117m total investment o Disposal of EdTech (Hobsons) for c.US$410m in March 2021 o Acquisition of New Scientist for £67m in March 2021 · Strong financial position maintained: pro forma net cash £293m
6 and £362m of committed undrawn bank facilities; statutory net cash £199m
by Charlie Spargo
Online car retailer Cazoo has appointed Luciana Berger - former MP for Liverpool Wavertree and current Managing Director of Advocacy and Public Affairs at Edelman UK - as Non-Executive Director.
Following the startup s merger with AJAX I which will see the company going public on the NYSE, Cazoo has appointed Berger to its board. As part of this, she will also become Chair of the organisation s Environment, Social, and Corporate Governance (ESG) Committee.
Berger was MP for Liverpool Wavertree from 2010 to 2019, serving as Shadow Minister for Energy and Climate Change, Shadow Minister for Public Health, Shadow Cabinet Member for Mental Health between 2010 and 2016. She left to form The Independent Group in 2019, before joining the Liberal Democrats and being appointed Shadow Spokesperson for Health, Social Care and Wellbeing.
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Former Liberal Democrat MP Luciana Berger will join the Cazoo board as non-executive director and Environment, Social, and Corporate Governance (ESG) Committee chair.
Berger is currently managing director of advocacy and public affairs at Edelman UK, specialising in health, sustainability and energy policy.
She served as the member of parliament for Liverpool Wavertree for almost a decade and was the shadow minister for Energy and Climate Change, shadow minister for Public Health, shadow cabinet member for Mental Health between 2010 and 2016, and the Liberal Democrat shadow spokesperson for Health, Social Care and Wellbeing in 2019.
Alex Chesterman OBE, the founder and chief executive of Cazoo, said: “I am delighted that Luciana will be joining the Cazoo Board as the Chair of our ESG Committee once we become listed on the NYSE.
Allan Clare
Financial crime, risk and compliance specialist firm Plenitude has hired a new senior advisor from HSBC this week.
Former HSBC UK head of financial crime compliance and money laundering reporting officer, Allan Clare, will help Plenitude execute its business strategy to keep up with the evolving financial crime landscape.
“Allan will play a key role in terms of guiding the business and providing strategic advice which will be invaluable,” managing director, Alan Paterson, said.
“This builds on our recent appointments of Barbara Patow and Shahmeem Purdasy and further demonstrates the calibre of our senior leadership team at Plenitude.”
Cazoo appoints Barnado s deputy chairperson Moni Mannings to board of directors am-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from am-online.com Daily Mail and Mail on Sunday newspapers.