By: Ali Lyon

Ali Lyon is the chief reporter at City AM, responsible for covering the full gamut of business, finance and wealth news. He has been at City AM full-time since July 2024. Get in touch with tips via email: ali.lyon@cityam.com. Follow Ali on X: @alilyon_94

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S4 Capital: Revenue down and debt up at Sir Martin Sorrell’s ad giant

September 19, 2024

Sir Martin Sorrell’s S4 Capital’s post-pandemic struggles have carried through into its latest results, which revealed a sharp decline in revenue and ballooning debt. The London-listed media holding group, which ad guru Sorrell founded after a sudden exit from WPP in 2018, saw its net revenue reduce by 15.6 per cent from £445.5m to £375.1m [...]
Team17: Video game maker posts record revenue after rocky 2023

September 17, 2024

Video game developer Team17 posted double-digit growth to help it to record revenue in the first half of the year despite a “challenging” new release market. Revenue at the Aim-listed firm, which makes games like Hell Let Loose and Trepang, grew to an all time high of £80.6m in the six months ended June 30, [...]
Goldman-backed Petershill announces bumper dividend after pick-up in dealmaking

September 17, 2024

Petershill Partners has announced a special dividend of 9 cents (7p) per share after a flurry of deals and a successful asset raising round helped the private equity firm return to growth. The Goldman Sachs-backed firm, which floated on the London Stock Exchange three years ago, generated a total income of $146m (£111m) in the [...]
JTC: Profit soars after spate of acquisitions

September 17, 2024

Financial services provider JTC has hailed a good start to the year after beating its upgraded guidance after a flurry of acquisitions. The acquisitive fund management firm, which is a FTSE 250 constituent, reported revenue of £147.1m in the six months to 30 June, a 21.1 per cent rise on the year prior. Earnings before [...]
Grenfell-linked firms awarded £350m in public sector contracts since fire

September 17, 2024

Companies linked to the Grenfell fire have been awarded over £350m in public sector contracts since the building tragically caught fire seven years ago, a new analysis of public sector contracts has revealed. Figures shared with City A.M. showed that Saint-Gobain, Rydon and Kingspan – which all had connections to the fire – have between [...]
BP puts US onshore wind power business up for sale

September 16, 2024

BP plans to sell its onshore wind business in the US in a further sign that the oil major is rowing back on its commitment to transition towards developing more renewable energy projects. The firm said on Monday that it would launch a sale process BP Wind Energy, its American onshore wind energy division that [...]
TI Fluid Systems rebuffs bid from Apollo-backed ABC Technologies

September 16, 2024

British car part supplier TI Fluid Systems has rejected two offers from rival Canadian firm ABC Technologies, concluding they “significantly undervalued” the London-listed firm. The FTSE 250 constituent, which specialises in fluid handling and operates nearly 100 manufacturing countries in 27 countries, confirmed in a statement that it had received a second “unsolicited, highly preliminary” [...]
Wilmington: Profit and revenue soar at data provider

September 16, 2024

Data provider Wilmington has hailed “another strong year” after it posted double-digit profit growth and revenue. The London-listed firm, which in the summer offloaded its UK healthcare unity for £26.3m, saw its profit before tax soar 42 per cent to £24.1m in the year ended 30 June. Its profit margin rose a quarter to 26.8 [...]
Hawksmoor’s Will Beckett is ready to take on the American steakhouses

September 10, 2024

Ali Lyon sits down with Hawksmoor boss Will Beckett to discuss the restaurant's plans to win over the land of steakhouses
X-odus: Musk platform ‘distinctly not well received’ by marketers

September 5, 2024

Marketers’ trust in Elon Musk’s X as an effective platform for advertising has plummeted since 2022, with advertisers anxious about the “brand safety” that the controversial social media channel offers. Approval ratings for the social media channel have plummeted to minus 21 per cent, down from plus 15 per cent just two years ago, according [...]

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By: Ali Lyon

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