Cairn Homes bosses hike revenue forecast to £520m following record home sales September 8, 2022 Irish housebuilder Cairn Homes has sold a record number of homes in the first half of the year, as Ireland’s population grows. The FTSE-listed company has lifted its forecast for the rent of the year, with bosses anticipating €760m (£660.7m) in forward sales, a more than €600m (£521.6m) revenue and 1,500 closed home sales. The [...]
Wagamama owner enjoys sales rebound but warns of ‘uncertain’ consumer environment September 8, 2022 The owner of the Wagamama restaurant group has seen sales surge in its half-year results, as an “uncertain consumer environment” looms. The Restaurant Group said total sales hit £423.4m in the 26-week period to 3 July, versus £216.8m in 2021. Diners returned to the group’s restaurants and pubs after the easing of Covid restrictions, with [...]
City Moves: Who’s switching jobs in the Square Mile? September 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Constantine Law Employment and regulatory specialist law firm Constantine Law has poached its latest lawyer from Bird & Bird. Nicola O’Connor, who brings over 20 years of experience to the firm, will focus on leading internal investigations [...]
Exclusive: Three quarter of Brits pay for subscriptions they don’t use September 8, 2022 Three quarters of Brits who have subscriptions say they are currently spending on services they don’t regularly use.
FCA ‘right to resist’ financial inclusion role, legal experts say September 8, 2022 Granting the UK’s top financial watchdog responsibility for ‘financial inclusion’ would be “overreach” and give it powers that it cannot discharge, legal experts have warned today.
Ministers press ahead with powers to intervene in financial rules September 8, 2022 Ministers have pressed ahead with plans to grant the government “call in” powers to intervene in financial regulation today, just one day after City watchdogs underlined the importance of regulatory independence to financial stability.
Royal Mail workers call for further strike amid 48-hour walkout starting TODAY September 7, 2022 Royal Mail workers have announced further strike action for the end of the month, as staff prepare for tomorrow’s 48-hour strike. The union CWU today called for an extra 48-hour strike beginning on 30 September as a result of the “despicable” way its postal workers were being treated. “There can be no doubt that postal [...]
J.P. Morgan distances itself from Boris Johnson speaking deal rumours September 7, 2022 J.P. Morgan has not offered Boris Johnson a lucrative post-premiership speaking deal, despite rumours to the contrary. It was reported in The Telegraph on Monday that Johnson had been offered £2m to give six speeches at J.P. Morgan events. However, sources at the US investment bank have told City A.M. that Johnson has not been courted for [...]
Allwyn eyes up its American dream amid Camelot u-turn September 7, 2022 Following Camelot’s withdrawn legal battle over the National Lottery licence this week, Allwyn seems to be heading full speed ahead with its American dream, as well as its New York listing. Blank check firm Cohn Robbins Holdings Corporation (CRHC) announced this evening that its shareholders approved the business combination with Allwyn: paving the way for [...]
Audit watchdog’s Birmingham staff relocation plans still to be decided September 7, 2022 Ministers have not yet come to a decision as to whether staff at the Financial Reporting Council (FRC) will be asked to relocate to Birmingham following the launch of the UK’s new audit watchdog, City A.M. understands. Staff were told that Birmingham had been picked as the home of the UK’s new Audit, Reporting Governance [...]