Thames Water calls for cash once again despite investor’s £1.5bn pay out September 4, 2022 Thames Water has started exploring plans to raise further capital, just months after shareholders agreed to pump £1.5bn into the company.
Shawbrook owners put plans to sell the challenger bank on ice September 4, 2022 The owners of Shawbrook Bank have reportedly shelved their plans to sell the lender. Private equity firms BC Partners and Pollen Street Capital were seeking bids of around £2bn for the challenger bank, which specialises in lending to small and medium-sized companies. The Financial Times reported, however, that the firms had failed to attract offers [...]
OEUK: UK must double wind turbine installation rates to meet energy targets September 4, 2022 OEUK argues the Government will have to at least double the rate of offshore wind turbine installations to meet its energy security goals.
Matalan eyes up sale as British retailers continue to feel sting September 4, 2022 Matalan's founders are eyeing up a sale, as the fashion firm struggles to fight off inflationary pressure.
Sigh of relief as energy price cap forecasts drop by more than £2,000 in just a week September 4, 2022 The forecasts for next year’s energy price caps have once again dropped as gas prices fell this week. Auxilione, a consultancy that updates its predictions daily, reduced its price cap forecast for April next year by £23 – the third drop in a row. The forecast for April’s cap is now £5,539 per year for [...]
Sunday Sitdown: Grind’s CEO on conquering America with his cult coffee chain September 4, 2022 Londoners may recognise the Grind coffee brand. There are currently eight branches around the capital and a 15,000 sq ft roastery in Bermondsey. Despite a hit to cafe revenues during the pandemic, the company is taking its business model across the pond as City A.M. can reveal today Grind has ambitious plans to conquer the [...]
Camelot’s National Lottery legal battle could drain £1bn from good causes September 4, 2022 Legal action could drain over a £1bn from the National Lottery good causes fund as the battle comes to head this month.
Staggering 9 in 10 Brits now struggle to make ends meet with retirement poverty fears growing for millions September 4, 2022 Nine in ten people across the UK are now struggling to make ends meet, with only one in ten saying they don’t have any financial concerns, according to fresh data shared with City A.M. this morning. The shock figures raise fears around people’s financial future as well as their present as the rising cost of [...]
Weekend Read: As the Pound crashes to record low, what can be done to halt Sterling’s freefall? September 4, 2022 City A.M. reported yesterday that the pound is on course to plunge to a record low against the US dollar, largely driven by the UK tumbling into a tough recession. Sterling is expected to drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy [...]
Cannabis products including oil, chocolate balls and gummies soon to be sold at Tesco September 3, 2022 Medicinal cannabis products including oil drops, chocolate balls and gummies will soon be stocked at Tesco after Love Hemp agreed a deal with the supermarket giant. Six of the brand’s products will be rolled out across more than 200 Tesco stores in the UK and online, it said today. London-listed Love Hemp uses CBD, derived [...]