Entain: FTSE 100 giant’s strategy ‘bearing fruit’ as Ladbrokes owner’s loss narrows August 8, 2024 It comes ahead of the arrival of new chief Gavin Isaacs, who is set to join Entain in early September, while David will succeed as chair at the end of that month.
Hermes Pacific exits London Stock Exchange’s AIM market citing ‘undervalued’ shares August 8, 2024 Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s junior AIM market in 2013, has seen its share prices drop month-on-month for the past year from 147 pence on September 30, 2023, to 52 [...]
Shawbrook: Underlying profit dips as challenger bank’s margins narrow August 8, 2024 Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.
Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour August 8, 2024 Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Shares rose over six per cent on Friday morning as gross transaction value (GTV) came in just under £3.7bn, up five per cent year on year from £3.5bn. The food delivery [...]
Adieu City A.M. Towers: A toast to the Tiktokers August 8, 2024 As City A.M. bids adieu to its current home, Lucy Kenningham considers The Tiktokers
Persimmon: Builder ups guidance amid ‘positive momentum’ on planning reform August 8, 2024 Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms start to take shape. In its half year results for the six months ended 30 June 2024, Persimmon said it completed 4,445 new, up by [...]
Recruiter Page Group’s profit craters as jobs market slowdown continues August 8, 2024 Recruitment specialist Page Group's profit has more than halved amid slowdown in hiring among major British employers.
The Debate: Should we finally say goodbye to Twitter/X? August 8, 2024 Are we doomed to doomscroll on, or should we take action and quit Twitter/X for good? Rachel Cunliffe goes head to head with Benedict Spence
Property law transactions at historic lows but firms ‘must prepare’ for growth August 8, 2024 Transactions at property law firms have sharply slid back to pandemic-era lows this year, but firms expect Labour’s housing reforms, as well as falling interest rates, to create an onslaught of cases in the coming years. New research by legal data supplier Search Acumen, shared exclusively with City A.M., has found that total transactions across [...]
Mark Kleinman: If Britain is open for business, prove it August 8, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
