Lloyd’s reinsurer secures landmark Ukraine reinsurance facility March 21, 2025 MS Amlin, a Lloyd's reinsurer, has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs
Asos shares spike on positive trading update March 21, 2025 Asos shares rose by over a fifth this morning after the company posted a better than expected market update. The e-commerce retailer told markets that it expects a “significant improvement in profitability” this year, adding that its own brand full-price sales have returned to growth. Investors reacted positively to the news. Asos’ share price had [...]
AIM IPOs: What happened this week on London’s junior stock exchange? March 21, 2025 After AIM started the week strong with the announcement of two planned IPOs, London’s junior stock market has seen more companies float on its exchange. This week, AIM had two IPOs, One Health Group and Wellnex Life, compared to the 11 which pursued an IPO throughout the entirety of last year. One Health Group, a provider [...]
Coventry IOC election clears Russia ‘return to Olympic podium’, says Kremlin sport minister March 21, 2025 Russia believes the election of Kirsty Coventry as IOC president can see the banned nation “return to the Olympic podium”. Russian Olympic Committee president and sports minister Mikhail Degtyarev congratulated Coventry on her election, in a vote that surprisingly took just one round to find an overall majority conclusion. Briton Lord Coe got just eight [...]
TSB’s new boss takes helm amidst parent company’s uncertainty March 21, 2025 UK retail bank TSB announced on Friday that Marc Armengol had taken over as its new chief executive officer. Armengol, who previously served as corporate strategy director at the lender, was tapped for the role in November 2024. His appointment follows the retirement of former boss Robin Bulloch. Before joining TSB, Armengol worked at the [...]
OBR growth forecast ‘will be halved’ March 21, 2025 Chancellor Rachel Reeves’ hopes for growth are set to be shattered as another forecaster looks to downgrade expectations. The Bank of England halved its growth forecasts from 1.5 per cent to 0.75 per cent in February while the OECD recently dropped predictions the UK would expand by 1.7 per cent. Now The Telegraph is reporting [...]
Sir Andy Murray’s five-star hotel significantly cuts losses March 21, 2025 The five-star luxury hotel owned by Sir Andy Murray significantly cut its losses during its latest financial year, it has been revealed. The business behind Cromlix Hotel, which is located near the two-time Wimbledon champion’s hometown of Dunblane in Scotland, has reported a loss of £369,045 for the year to 31 March, 2024. The figure [...]
Bolt sends £200m warning to Reeves ahead of Uber VAT ruling March 21, 2025 Ride-hailer Bolt has sent a stern warning to Rachel Reeves over government inaction on a possible 20 per cent VAT hike for taxi firms. City AM understands the mobility firm has written to the Chancellor warning it has withheld £200m of investment in the UK over the last three years as ministers dither over the [...]
Gordon Ramsay rakes in £60m as TV company takes off March 21, 2025 The production company run by Gordon Ramsay has seen a dramatic surge in its turnover as its profit continued to climb during its latest financial year. Humble Pie Productions, which trades as Studio Ramsay, has posted a turnover of £60.6m for the 12 months to 30 June, 2024, while it reported a pre-tax profit of [...]
After IOC election, what are the top Olympic Games priorities? March 21, 2025 It is a new dawn and a new day at the International Olympic Committee, with the post-Thomas Bach era beginning after yesterday’s election. Kirsty Coventry was crowned president of the IOC, one of sport’s biggest and most influential bodies, in Greece last night. She became the 10th president and the first female in the role. [...]