By: Amber Murray

Retail Reporter Amber Murray is a reporter at City A.M., covering retail, luxury and property stores. Prior to City A.M., she worked as a sub-editor for Fastmarkets and completed a Masters in Financial Journalism at City University. Please get in touch with stories/tips/coffees at amber.murray@cityam.com

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Starmer hands councils millions for housebuilding on brownfield sites

October 15, 2024

The Government has committed £68m to unlocking brownfield sites in 54 local authorities as it looks to deliver on its election promise of 1.5 million homes by 2029. Around a sixth of councils will receive money to turn neglected land into new homes, which the government have said will “transform local communities and help families [...]
Mitie: Shard-based outsourcing giant toasts to double-digit growth

October 15, 2024

Outsourcing giant Mitie has reported double-digit growth after a record number of contract deals and extensions in the first half of the year. The FTSE-250 firm said that revenue increased by 13 per cent, to £2.4bn, in the half-year ended 30 September, up from £2.1bn last year. This was driven by a 45 per cent [...]
Bellway profit craters but shares jump on strong look-ahead

October 15, 2024

Despite a significant drop in completions and profit, housebuilder Bellway has said it is well-positioned to deliver growth going forward and supports the Government’s plan to unlock housing construction. Shares surged by more than eight per cent in early trades. Bellway told markets this morning that profit fell by 44.6 per cent in the year [...]
Stamp duty: TSB and Shawbrook join mortgage lender call for reform before Budget

October 15, 2024

A group of mortgage lenders and brokers have called on the government to refund stamp duty for homeowners in a bid to accelerate energy efficiency improvements in UK housing and reduce national emissions. TSB, along with Shawbrook, the Mortgage Advice Bureau (MAB) and Leeds Building Society, have called on the government to provide more support [...]
The Climbing Hangar gets £20m investment for global expansion

October 15, 2024

UK bouldering gym operator The Climbing Hangar has received more than £20m from investment group Verlinvest to expand overseas. The Climbing Hangar, which currently operates nine sites in the UK, started life in a Liverpool warehouse in 2011 and now offers food, drink and retail outlets alongside sport and social events. CEO of The Climbing [...]
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas

October 14, 2024

The final three months of the year, also known as the golden quarter, are make-or-break for retailers. Retail spending has consistently languished this year, or been propped up by margin-carving discounts, but pent-up demand is expected to give the sector a much-needed boost during the holidays, according to a panel of industry experts. Despite consumer [...]
Mulberry to ponder bid from Mike Ashley’s Frasers despite lack of interest from majority shareholder

October 14, 2024

British retailer Mulberry has announced that it is evaluating Frasers’ second bid for the firm, despite a lack of interest from its majority shareholder, Challice. In light of Frasers’ £111m bid, the luxury brand is “working with advisers to consider the company’s position,” it said, despite Challice’s public snub of the deal. Challice, which is [...]
Pagegroup: ‘No improvement’ in autumn as recruitment crisis continues

October 14, 2024

Recruiter Pagegroup has reported no improvement in macroeconomic conditions despite the usual pick-up in the market around this time, with the crisis in recruitment still ongoing. The FTSE-listed company told markets this morning that profit fell by 13.5 per cent in the third quarter of the year, to £201.4m. The slowdown was most marked in [...]
‘The biggest barrier to growth’: Businesses set out plan to fix productivity puzzle

October 11, 2024

Some of the UK’s most high-profile businesses have set out a roadmap to improve productivity growth, including reforms which could boost the economy by £82bn over the next five years. The Building Back Britain Commission, which included representatives from Vodafone, PIC and British Land, looked at productivity across the entire country, finding five key areas [...]
Qinetiq inks deal with Ministry of Defence for military communications

October 11, 2024

Security and defence contractors Qinetiq have won a three-year contract with the Ministry of Defence worth around £150m to deliver military communications. The initial contract, with UK’s Ministry of Defence’s (MoD) Defence Digital organisation, is worth £39m, but includes options for extensions for up to two further years. The Farnborough-based firm, which in May hiked its [...]

Badenoch claims Reeves will be ousted as traders warn on Labour’s turn to left

DP World Tour hits $300m sponsorship record after agreeing HCLTech deal

The City pub boasting taxidermy boar, deer and squirrel

By: Amber Murray

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