Housebuilder Berkeley on track for £600m profit despite spiralling costs September 6, 2022 Berkeley, one of the biggest housebuilders in the country, is on track to hit £600m in pre-tax profit this financial year and £625m the next despite spiralling costs. The FTSE housebuilder said that current levels of demand for homes in the UK is “sufficient to cover the cost increases”, as inflation hits energy, raw materials [...]
STV: Scottish broadcaster has revenue and profit boost as it beats streaming challenge September 6, 2022 Scottish broadcaster STV experienced a boost in revenue and profit in the first half of 2022, driven by a focus on streaming and local advertising. The most popular peak-time channel for four years running, at 22.2 per cent, had a three per cent increase in revenue up until June 2022, up from £60.3m, while its [...]
Go-Ahead hit by cyber security incident but says rail services ‘operating normally’ September 6, 2022 Go-Ahead has been hit by a cyber security incident after unauthorised activity was detected on its network yesterday, the bus operator revealed. The public transport operator stated there was “no impact on UK or international rail services which are operating normally.” Go-Ahead said it “immediately engaged external forensic specialists” after the hack was discovered and [...]
City Moves: Who’s switching jobs in the Square Mile? September 6, 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. Coremont Financial services and portfolio management firm Coremont has appointed a fresh deputy head of product. Joining from financial intelligence company Qontigo where he was head of technology coordination, Yu Xu is set to help accelerate the [...]
Snap snaps and Big Tech feels the heat: What’s next for advertising? September 6, 2022 City A.M. chats with sustainable advertising platform WeAre8 to chat about the future of advertising in an age of distraction and economic turmoil.
If Liz Truss thought winning was hard, governing will be a formidable task September 6, 2022 It will not feel like it to Liz Truss, but that was the easy bit. Political campaigns are always brutal, exhausting and emotional affairs; none more so than this summer’s long and fractious Conservative leadership contest. But the challenges of the last few months pale into insignificance against the enormity of what the new prime [...]
Exclusive: New co-working hub headed to Oxford Street this autumn September 6, 2022 A new co-working hub is coming to Oxford Street, City A.M. can reveal today. Office and workspace company Huckletree, which operates across some of the biggest cities in the UK, is set to unveil its fifth London site in November. The 22,000 square foot workspace, in Jubilee House, is hoped to bring a much-needed boost [...]
If we’re going to get fracking, we’re going to need to overhaul our planning system September 6, 2022 In the face of an energy crunch which will put enormous strain on our economy, little makes more sense than making fracking a national priority. At a 10 per cent recovery rate, the potential natural gas reserve in the UK is enough to make us self-sufficient for 50 years. The safe and timely development of [...]
In memoriam of Boris Johnson’s premiership September 6, 2022 He’s been the poster boy for Brexit, the flag bearer for Levelling Up, and then the party boy of Downing Street who was eventually brought down by a sex scandal not involving him.
We must keep the shine on Britain’s financial services to maintain our global standing September 6, 2022 Britain’s financial services sector is still much envied on the world stage, but there’s no room for complacency. The international competition of financial centres is fierce. The UK’s capital markets have long been thriving – a diverse cluster of financial services, a large pool of skilled talent, and the robustness of our legal system are [...]
