Skip to content
City AM
Main navigation
Download free app
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Banking
      • Tech
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • Abu Dhabi Finance Week
      • AON
      • Bayes Business School
      • City of London BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Hercules
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Macclesfield FC: FA Cup heroes in talks with ‘huge’ foreign investors

      Breaking news event with officials addressing the media, showcasing diverse reactions and attentive audience in a conferen...

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
      • The Punter
    • From our partners
      • The Morning Briefing: SBS x City AM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Why agents are asking athletes to get a pre-nup this Valentine’s Day

      Breaking news banner with bold typography on a modern backdrop, suitable for general news articles and business updates.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • New Openings
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Valentine’s Day: Fancy a romantic bowl of chocolate spaghetti?

      Chocolate spaghetti dish creatively presented on a plate, showcasing a unique culinary fusion for a gourmet dining experie...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • City AM Events
  • Newsletters
  • Latest Paper
  • Sign In
  • Sign Out
  • My Account

Towerbrook

  • AA boss hails ‘breakout year’ since takeover as profit hits £245m

    Business

    The AA has reported a more than quarter rise in full-year profit as the breakdown giant marked a fourth consecutive year of growth since being taken private in 2021. Operating profit increased 28 per cent to £245m, while revenue grew 12 per cent to £1.5bn. On an adjusted basis, earnings before interest, taxation, depreciation and [...]

    The AA was taken over by the private equity investors Towerbrook and Warbug Pincus in 2020 in a deal valued at £219m.
  • Equals finally strikes £283m takeover deal with Lord Hammond-led group

    Fintech

    Equals Group is set to merge with the payments firm chaired by Lord Hammond after striking a £283m takeover deal today, potentially drawing a line under a protracted period of talks that has dragged on for more than a year. The Aim-listed payments outfit, which first addressed a potential takeover by a separate group of [...]

    Lord Hammond chairs fintech firm Railsr. (Photo by Hollie Adams/Getty Images)

Trending Articles

  • Brewdog calls time as advisers brought in to assess bidders

  • FTSE 100 Live: Natwest bumper dividend, stocks tick up

  • Natwest hikes dividend after profit hits post-financial crisis high

  • Real Housewives of London renewed for second season

  • UK fintech Zempler Bank snapped up for less than half previous valuation

Subscribe

Subscribe to the City AM newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • Got a story?
  • About City AM
  • Careers
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance
  • City AM Events
  • City Winners
  • The Punter
  • Casino

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
  • Newsletters
  • Advertising
  • About
  • Licensing
Copyright 2026 City AM Limited