Foxtons’ shares up almost 13 per cent after revenue spikes by a quarter on last year October 27, 2022 Estate agent Foxtons’ shares were up almost 13 per cent after it reported a 25 per cent spike in revenue in the third quarter compared to 2021. Its overall intake was at £43.8m for three months to September compared to £35.1m last year in the same period. Following its reported results, Foxtons shares went up [...]
Purplebricks hires Pentland Brands director as new CFO October 27, 2022 Purplebricks has appointed Dominique Highfield as its chief financial officer, who joins from Pentland Brands.
Made scraps hunt for a buyer as sofa seller nears collapse October 27, 2022 Ailing Made.com has said it has cut short its hunt for a buyer, as the homeware firm teeters on the brink of collapse. In an update to the London Stock Exchange on Thursday morning, the furniture retailer said there was “no reasonable prospect” of an offer. Shoppers have been pulling back from spending on big [...]
Ben & Jerry’s owner Unilever warns of shoppers buying less as inflation bites budgets October 27, 2022 Dove maker Unilever has seen consumers buying less of products after price hikes, as the consumer goods titan has ushered in record price rises. Prices increased by 12.5 per cent in the period, the brand’s highest ever hike, as consumers battle cost increases in every corner of life. The London-listed consumer goods giant admitted price [...]
Shell unveils £8.1bn profits in another monster quarter of trading October 27, 2022 Shell has reported another quarter of bumper trading and hefty profits, revelling in historically elevated oil and gas prices this year.
Government must get a grip on risks to key infrastructure from climate change October 27, 2022 The Government must get a grip on the risks posed by the effects of climate change on infrastructure, warned a Westminster committee.
City Moves: Who’s switching jobs in the Square Mile this week? October 27, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. InMotion InMotion Ventures, the venture capital arm of Jaguar Land Rover, has appointed a managing director as part of the firm’s latest innovation strategy. Mike Smeed, who will oversee investment in mobility start-ups, joins from Chery [...]
Open arms? Sunak’s cabinet is a white flag as he fights for the party’s survival October 27, 2022 Sunak has promised all wings of the party that they can pursue their favourite plans as long as they also agree to a painful bout of fiscal tightening.
Ben Francis: Gymshark’s move to the West End ‘completely different ball game’ October 27, 2022 How does Gymshark’s 30-year-old founder feel about the fitness apparel firm moving offline and into the West End? “Buzzing,” Ben Francis tells CityA.M. Gymshark reeled in record profits during the pandemic, as stuck at home Brits took to Joe Wicks workouts and online shopping with abandon. With that now in the rear-view mirror, Francis is [...]
World Cup spells win for struggling advertising market October 27, 2022 The ad sector is set to score a much-needed goal this winter with the Qatar World Cup driving up advertising spend. According to new data from the Advertising Association (AA), ad spend for the final quarter is set to climb by 4.5 per cent from last year’s record high, to a total of £9.5bn. This [...]
