UK flag
ARTICLE
11 October 2024
UK BANK MONZO VALUED AT $5.9 BLN IN EMPLOYEE SHARE SALE
External News

Reuters

Trending now
All plan types
UK and Channel Islands

British digital bank Monzo recently saw employees sell shares to investors, including Singapore's sovereign wealth fund, in a transaction valuing the company at £4.5 billion ($5.9 billion). This follows a March funding round that valued Monzo at £4 billion, marking continued investor confidence as the digital bank reports its first full-year profit and plans expansion in Europe and the U.S. This secondary sale aligns with a broader recovery in European fintech valuations, as seen with Revolut's $45 billion valuation in August.

ARTICLE
22 October 2024
POST OFFICE EXPLORING EMPLOYEE-OWNERSHIP MODEL
External News

HR Magazine

Design and strategy
UK and Channel Islands

The UK government is considering converting the Post Office into an employee-owned company through an Employee Ownership Trust (EOT), similar to the John Lewis model, which would give employees a stake in the business and a say in its operations. The move comes as EOTs have become more popular, with calls for ownership reform at the Post Office intensifying due to recent governance issues and the Horizon IT scandal. While EOTs offer benefits like profit-sharing and increased employee influence, union representatives emphasize that governance changes are essential for the model’s success at the Post Office, advocating for a cooperative approach with greater accountability.

IN-PERSON CHAPTER EVENT
11 December 2024, 4:30 - 6pm GMT
UK CHAPTER MEETING
UK CHAPTER MEETING

London

UK and Channel Islands

Join us for the GEO UK and Channel Islands Chapter Festive Event 2024! This special gathering will be a wonderful opportunity to reflect on the achievements of GEO UK in 2024 and look ahead to our exciting plans for 2025.

Event Highlights:

  • Festive Networking and Quiz: Connect with your fellow share plans friends and colleagues in a fun and festive atmosphere.
  • Chapter Leader Board: This is your last chance to earn points before we announce the winners at the end of the year.
  • Christmas Jumper Contest: Wear your best Christmas jumper to win extra points!

LOCATION
CMS Offices
Cannon Place
78 Cannon St
London EC4N 6AF

Come and soak in the holiday cheer with us. We look forward to celebrating the season with you!