Trade Secretary touches down in Saud-Arabia to kick off talks on £33bn trade deal with six Gulf states June 22, 2022 The UK economy could receive a boost of up to £1.6bn a year via a trade deal with six Gulf stations. Talks on such an agreement kick off today with a meeting in Saudi Arabia. Trade Secretary Anne-Marie Trevelyan will meet representatives of the Gulf Co-operation Council (GCC) in Riyadh to begin negotiations on a [...]
Liontrust profits roar past £96m after resilient inflows June 22, 2022 Asset manager Liontrust posted a 64 per cent surge in pre-tax profits today after bucking the outflows seen across the sector in the past year.
Rail misery deepens for millions of Brits as Britain locks down for second day June 22, 2022 Millions of Brits will again be hit by severe transport disruption across the country today by rail strikes as talks resume in a bid to resolve a bitter dispute over jobs, pay and conditions. Fewer than one in five trains ran yesterday after members of the Rail, Maritime and Transport union (RMT) on Network Rail [...]
Uber drivers add to travel chaos after union calls for strike June 22, 2022 Uber drivers have joined the wave of industrial action bringing the country to a standstill today after the App Drivers & Couriers Union (ADCU) called for a 24-hour national strike until midnight tonight.
Turbulent market pushes government to extend timeline for selling NatWest stake June 22, 2022 The UK has extending its trading timeline for when it will finally sell its taxpayer stake in NatWest by another year, as economic conditions worsen. In a statement this morning, the government said it will only dispose of its remaining 48.5 per cent share in NatWest “when it represents value for money to do so [...]
Starmer under pressure to punish strike-supporting Labour MPs June 22, 2022 Labour opposition leader Sir Keir Starmer faces a test of authority from his own frontbench after many shadow team members backed the strikes.
JD Sports revenue jumps by £2.4bn in 12-months amid US expansion June 22, 2022 JD Sports’ revenue has jumped by nearly £2.4bn over the past year, after easing lockdown restrictions eased meant people could flock back to stores and sports events. Revenue jumped to a total of £8.6bn in the 12-months to 29 January, up from £6.2bn in the same period a year prior. The high street retailer has [...]
Berkeley Group profits rise to over £550m after ‘exceptionally volatile period’ June 22, 2022 The boss of property developer Berkeley Group hailed “extraordinary” progress made in the past year today as the firm posted a 6 per cent rise in pre-tax profits for the full year to April.
City Moves: Who’s switching jobs in the Square Mile? June 22, 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. BDO Accountancy and business advisory firm BDO has appointed a new national head of technology and media, based out of its London office. Stepping into the position on 4 July, Ian McBane will take over the reins [...]
Entrepreneurship: Fintech Clear Junction named fastest growing founder-led firm in inaugural list June 22, 2022 The founder of the UK’s fastest growing founder-led firm has said the key to success is being “really, really” confident. Global payments solutions provider Clear Junction has topped the inaugural FEBE Growth 100 list, shared with CityA.M. on Wednesday. Backed by former BBC Dragons Jenny Campbell and Sarah Willingham, the Growth 100 ranks firms by [...]