By: Rupert Hargreaves

Rupert Hargreaves is City AM's Chief Operating Officer. He was previously the Managing Editor and City AM's News Editor. Today he edits Whisky Business: City AM's monthly look at the world of whisky and covers the insurance sector, including Lloyd's of London. Before joining City AM, he helped lead the digital team at MoneyWeek, the UK's best-selling financial magazine. Rupert has nearly 20 years of experience in financial journalism and holds qualifications from the CFA Institute and the Chartered Institute for Securities & Investment (CISI).

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All 302 Articles

Conduit Holdings shrugs off catastrophe losses

February 19, 2025

Despite rising catastrophe claims, Conduit Holdings, the Bermuda-based reinsurance business, has reported a jump in gross premiums written for the 2024 financial year. Gross premiums written reached $1.16bn (£917m), a 24.8 per cent increase on the prior year, while the firm delivered a return on equity of 12.7 per cent, down from 22 per cent [...]
Antofagasta: Copper miner’s profit jumps amid booming demand

February 18, 2025

Mining giant Antofagasta has reported a five per cent increase in revenue for 2024, driven by higher copper prices, although growth was partially offset by lower sales volumes. The group posted revenue of $6.6bn (£5.2bn) while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 11 per cent to $3.4bn. Profit before tax climbed five [...]
BHP: Mining giant hit by lower iron ore prices

February 18, 2025

Mining giant BHP has reported a jump in profit for the half-year ended 31 December 2024, despite a drop in revenue due to lower iron ore prices. Attributable profit surged to $4.4bn (£3.5bn), up 376 per cent from $0.9bn in the previous half-year. Underlying attributable profit, however, fell 23 per cent to $5.1bn due to [...]
Springfield Properties: Revenue slumps as housing projects delayed

February 17, 2025

Springfield Properties, one of Scotland’s leading housebuilders, has reported a 13 per cent drop in revenue to £105.6m for the first half of its 2025 financial year, reflecting a subdued housing market and delays in affordable housing projects. Despite the decline in revenue, the company posted a sharp increase in profitability, with adjusted profit before [...]
Anglo American lays out plans to list platinum arm in Johannesburg and London

February 17, 2025

Anglo American has said it is pressing ahead with the demerger of Anglo American Platinum, targeting a June separation. The mining giant, which owns approximately 67 per cent of the world’s leading platinum group metals (PGMs) producer, said it would seek shareholder approval at its 30 April annual general meeting for the split. The company [...]
Whisky Business: The Glenlivet’s oldest permanent expression to date

February 14, 2025

Whisky Business: City AM’s monthly look at the world of whisky. The key to whisky’s unique flavour is patience, but for producers, there will always be a trade-off between patience and profit. While the process of distilling whisky only takes a few days, Scotch whisky must be matured for a minimum of three years, a significant [...]
BP to target shareholder returns as firm plans fundamental reset

February 11, 2025

Oil and gas giant BP has promised to “fundamentally reset” its strategy and improve its performance after profit crashed last year. On Tuesday, the group reported a near 50 per cent decline in profit for the fourth quarter due to a collapse in profit at its refining arm. The results prompted boss Murray Auchincloss to [...]
BP shares top the FTSE 100 as Elliott stake ignites breakup chatter

February 10, 2025

BP shares jumped to the top of the FTSE 100 this morning as a rumour emerged that an activist hedge fund had taken a position in the stock. Shares in the blue-chip oil giant jumped eight per cent in early deals on the news activist hedge fund Elliott Investment Management had built a position in [...]
Stagflation: Chancellor Rachel Reeves faces mess of her own making

February 7, 2025

The Bank now expects the UK economy to grow 0.7 per cent this year, cut from a previous estimate of 1.5 per cent. Inflation, meanwhile, will hit 3.7 per cent later this year.
Santander announces new buyback as profit jumps

February 5, 2025

Spanish banking giant Santander has today reported a bumper set of numbers for 2024 thanks to higher income from its retail banking business and lower costs. For the year, the group reported a profit of €12.5bn (£10.4bn), up 14 per cent and revenue growth of eight per cent to €62.2bn. The group’s return on tangible [...]

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By: Rupert Hargreaves

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