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City A.M. Content

  • Earnings watch: Apple, Amazon, and Meta reports to set market tone

    February 1, 2024

    Earnings reports from tech titans Apple Inc, Amazon.com, and Meta Platforms Inc, slated for Thursday, are poised to steer stock movements this week.

  • Microsoft and Google: Results show a cautious market reaction to AI spending

    January 31, 2024

    Microsoft and Google both reported strong quarterly earnings today but the tech giants failed to satisfy the market.

  • Sanctioned Russian oligarch wins appeal in multibillion-dollar London divorce battle

    January 31, 2024

    A sanctioned Russian oligarch will be able to hold on to his $20bn fortune for a little while longer after the Supreme Court today ruled against his ex-wife in a long-running divorce battle.

  • ULEZ: Khan under fire over scrappage scheme grant figures

    January 31, 2024

    Sadiq Khan has been criticised by City Hall Conservatives after new figures showed the ULEZ scrappage scheme paid grants to less than half of applicants.

  • George Osborne joins Coinbase as crypto giant plots global expansion

    January 31, 2024

    Former Chancellor George Osborne has joined Coinbase’s global advisory council, the firm announced today, as the multibillion-dollar cryptocurrency exchange eyes up international expansion.

  • IKEA to open new stores as UK profits more than double

    January 31, 2024

    IKEA's UK profits more than doubled during its latest financial year as it sets it sights on opening new stores.

  • Central London Alliance calls on Treasury to reinstate tax-free shopping and generate an estimated £10 billion

    January 31, 2024  |  City Talk

    Ahead of the budget announcement on 6 March 2024, Central London Alliance (CLA) has submitted a proposal calling for the Treasury to reinstate tax-free shopping in efforts to help the retail sector recover from post-pandemic challenges. CLA backs requests by the retailers to reintroduce the scheme allowing foreign visitors to the UK to shop tax-free. [...]

  • Universal to pull songs from TikTok while demanding protection from ‘harmful effects of AI’

    January 31, 2024

    Universal Music has said it plans to strip its extensive song library from TikTok amid payment negotiation breakdowns.

  • Oak Furnitureland slumps to £32m loss as rising costs bite

    January 31, 2024

    Oak Furnitureland slumped to a loss of almost £32m during its latest financial year, newly-filed documents have revealed.

  • Samsung profits tumble 34 per cent after chip business hits rock bottom

    January 31, 2024

    Samsung has reported a 34 per cent drop in operating profits in its four quarter and new lows for its chip business.

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