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      Modella pulls out of race to buy Poundland

      Poundland storefront with shoppers entering and exiting, showcasing the brands logo and discount signage in a bustling str...

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City A.M. Content

  • Spotify slams report of gangs using platform for money laundering as ‘work of fiction’

    September 6, 2023

    Spotify has hit back at an investigation by a Swedish newspaper that said the music streamer's platform was allegedly being used by gangs to launder their ill-gotten gains via fake streams.

  • Ann Summers: Turnover reaches over £100m as lingerie retailer plots store expansion

    September 6, 2023

    The erotic retailer, which has 88 stores across the UK and Ireland, plans to open four or five more stores in 2024, a new filing posted on Companies House shows.

  • This Spanish island has been called best for a September holiday

    September 6, 2023

    It’s nice enough in London right now that you could pull up a towel and spend the weekend lazing around the edge of The Serpentine in Hyde Park – but if you are planning a September holiday then we’ve got a tip. According to the team at Skyscanner, the Spanish island of Ibiza is the [...]

  • TRG: Profits soar as Wagamama owner defies drab outlook for casual dining market

    September 6, 2023

    TRG, which owns a slew of casual dining chains and pubs, its most popular being Japanese inspired eatery Wagamama, reported a 10 per cent rise in total revenue during the term to £467.4m. 

  • Chainlink and Uniswap show signs of life as market leaders idle

    September 6, 2023

    Bitcoin is trading for around $25.7k and ETH is changing hands for roughly $1.6k, both at the same levels as 24 hours ago. 

  • Darktrace lowers earnings forecast as sales commission changes

    September 6, 2023

    "The macro-economic backdrop has been a headwind for many businesses over the past year, and we have not been immune from its impact," said chief executive Poppy Gustafsson.

  • Barratt Developments: Housebuilder blames mortgage misery for plummeting profits

    September 6, 2023

    The number of homes the company built also declined 3.9 per cent during the term to 17,206, as a series of interest rate hikes by the Bank of England made buyers cautious. 

  • WH Smith: Revenues surge 28 per cent as travel hub retailer boosted by summer splurge

    September 6, 2023

    WH Smith said its revenues surged 28 per cent compared to a year ago, as the group was bolstered by a busy period for summer travel.  The highstreet stalwart, which has stores in airports and train stations, said revenues across its travel hubs jumped 42 per cent as passengers return to their pre-Covid holiday habits.  [...]

  • Halfords revenues rise as consumers sniff out budget auto care

    September 6, 2023

    Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring.  The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent.  Halfords has [...]

  • A Stoke Newington gelato serves up a reminder that immigration makes London tick

    September 6, 2023

    An 8pm queue for a Stoke Newington gelato joint may not be an obvious starting point for a column about the City’s competitiveness, but start there we will. Every evening, especially in this welcome burst of long-overdue sunshine, there is a line at least 10-or-so outside of Romeo & Giulietta. Amongst the families bribing small [...]

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