FTSE 100 Live: City stocks rally after tech sell-off; Iran threatens ‘forceful response’ over Strait of Hormuz
Takeover interest mounts over Sainsbury’s £1.9bn mortgage book December 12, 2019 Grocery giant Sainsbury’s has reportedly received several offers for its £1.9bn mortgage book. The Big Four supermarket chain has attracted a number of bidders as it looks to quit the home-loans market, according to Sky News. The broadcaster said that Lloyds Banking Group is understood to be among the interested parties in the auction, which [...]
London media firm bags $100m for new film and TV projects December 12, 2019 The media firm behind hit shows such as Line of Duty today said it has secured $100m (£76m) of funding to help fund film and TV projects, while it will also look to build a new UK studio space. Great Point Media (GPM) has already committed $80m of its own funds to the investment, and [...]
Tossed owner Zest Food secures creditor backing for rescue plan December 12, 2019 Tossed owner Zest Food has secured the backing of its creditors to implement a rescue plan, which will allow its salad bar brand to continue to trade. The healthy fast food chain, which trades from 24 central London locations, said that no stores will need to close immediately, but it will seek to exit onerous [...]
Fuller’s profit slides following sale of beer business December 12, 2019 Fuller, Smith & Turner reported a fall in profit before tax for the first half, but revenue for the pub group rose slightly amid “good performance” from its managed pubs and hotels. Statutory pre-tax profit for the six months to 28 September decreased 27 per cent to £11.1m, down from £15.1m the previous year. Read [...]
Superdry boss takes swipe at Black Friday as he launches brand revamp December 12, 2019 Superdry boss Julian Dunkerton today blasted the “madness” of blanket Black Friday discounting, vowing to reduce his company’s reliance on the sales bonanza next year. Dunkerton, who founded the struggling fashion chain in 2003, took a swipe at his rivals’ practice of slashing prices on their core ranges. Read more: Superdry swings to a £4.2m [...]
Election night parties in London: Where to watch the results roll in December 12, 2019 It’s election night, it’s almost Christmas and it’s time to watch the results roll in. Ahead of an evening of electoral highs and lows, City A.M. runs through five of the best destinations in London to go to celebrate your party’s success or drown your sorrows. Read more: General election live: voters head to the [...]
What time will the UK election exit poll come out? December 12, 2019 Voters across the country are heading to polling stations today before tonight’s exit poll is expected to show which way the General Election will go. The Conservatives remain ahead in opinion polls but their lead has narrowed recently, with predictions ranging from a hung parliament to a convincing Tory majority. Read more: In pictures: Dogs [...]
Rail fail: South Western services still hampered despite temporary election halt to RMT strike December 12, 2019 Commuters were left angry this morning as South Western Railway services remained on partial timetables, despite rail strikes being temporarily called off for election day. The 27-day rail strike called by the Rail, Maritime and Transport Workers (RMT) Union has caused chaos for the first 11 days of December, but industrial action was due to [...]
Meet Beam, the social enterprise crowdfunding training for homeless people December 12, 2019 Charitable giving is one of the hallmarks of the festive season. And with the weather getting colder at Christmas, it’s important to highlight the desperate situation facing London’s homeless population. Estimates vary, but it’s believed that roughly 170,000 people are homeless in the capital. The vast majority of these are living in homeless shelters, hostels, [...]
Game on at smoky Barrels virtual shooting experience December 12, 2019 | Sponsored Enjoy the City’s first ‘virtual hunting experience’ alongside a slap-up Scottish meal at Smoky Barrels. Not often do you stumble upon a shooting range in the middle of the Square Mile, but with the arrival of Smoky Barrels to Devonshire Square, it’s now possible to go great guns on post-work drinks. Smoky Barrels is the [...]