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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Hotel Chocolat names new CEO as expansion effort takes shape following £534m takeover by Mars

September 16, 2024

Hotel Chocolat has promoted its UK managing director Lysa Hardy to become its new chief executive in yet another sign of change after a takeover by Mars. Hardy, who was a non-executive at Superdry until July this year, will take over from co-founder and current chief executive, Angus Thirwell, according to a LinkedIn update. Last [...]
Facilities at ADF: ‘Momentum is returning’ to to UK film market after strikes

September 16, 2024

Film and TV production trailer provider Facilities by ADF has reported a “resilient market performance” despite a turbulent year in the film industry due to the Hollywood writers and actors strike. In an update to markets, the leading provider of premium serviced production facilities to the UK film and high-end television industry, including the Crown, [...]
Science in Sport: Revenue down by a quarter but restructuring will ‘return firm to growth’

September 16, 2024

Nutrition specialist Science in Sport has said it is confident that the business will “return to growth” after a sharp drop in revenue during the first half of the year. The London-listed company, which sells a range of protein powders, electrolyte products and nutritional supplements, said that revenue fell by 25.4 per cent to £25.7m [...]
Natwest chair says he ‘deeply regrets’ time at Petrosaudi after £1.3bn ‘scam of the century’

September 15, 2024

Natwest chairman Rick Haythornthwaite has expressed his regret and sadness for his role at the UK arm of oil company Petrosaudi, which was involved in a £1.37bn “scam of the century” against Malaysia’s sovereign wealth fund. Haythornthwaite said he took the role “in good faith” without knowing the existence of the fraud, which channelled money [...]
Activist investors call for shake-up at Rentokil after share price tumble

September 15, 2024

Nelson Peltz’s activist hedge fund Trian Partners is among the shareholders reportedly calling for a shake-up at pest control firm Rentokil after a severe drop in its share price. Trian Partners, which has built a fearsome reputation for waging activist campaigns on global boardrooms, has held urgent meetings with Rentokil’s chief executive and chairman to [...]
Thames Water in talks over £3.3bn emergency fundraising deal

September 15, 2024

Thames Water has been in contact with Brookfield Infrastructure Partners and Global Infrastructure Partners about a £3.3bn emergency fundraising deal to help pay off some of the struggling utility’s large debt pile, according to reports. The firm, which is the largest of Britain’s privatised regional monopolies, has set itself a deadline of early November to [...]
UK at risk of losing out on Unilever ice-cream float

September 15, 2024

The UK is at risk of losing out on a key deal for London because it hasn’t appointed an investment minister, according to a former Barclays chairman. Gerry Grimstone, who also worked as investment minister at the Treasury from 2020-2022, said that Labour’s lack of focus on boosting the UK’s stock market may see Unilever’s [...]
Rupert Murdoch-backed REA Group set to increase takeover bid for Rightmove

September 15, 2024

The Australian real estate giant REA Group owned by Rupert Murdoch is reportedly considering upping its bid for the British property platform Rightmove.
Retail group calls for ‘rates corrector’ in next Budget

September 13, 2024

High business rates and other bills have led to an overtaxing of the retail industry compared to its size in terms of GDP, according to fresh data. The British Retail Consortium found that retail pays 7.4 per cent of all business taxes – £33bn – a share 1.5 times greater than its share of the [...]
Renters’ Rights Bill: What is it and what does it mean for the market?

September 12, 2024

Labour’s Renters’ Rights Bill, which landlord groups have said will be the biggest change in the sector for over thirty years, entered parliament this week. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including removing no-fault evictions, tightening housing standards and loosening rules on pet ownership, King Charles [...]

Villa, Forest and Palace net £30m from Europa and Conference League runs

Luke Littler face trademark is ‘smart move’ but ‘not silver bullet’, say experts

We road test RDR, Star Wars Outlaws and Fallout 4 on Switch 2

By: Amber Murray

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