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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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 [...]
Rachel Reeves says tax-hiking Budget was needed to stop economic calamity

January 30, 2025

Chancellor Rachel Reeves has defended her tax-hiking Budget today, saying that without the changes to national insurance, the government would have lost control of the economy. Speaking on Time Radio this morning, Reeves said she recognises there are “consequences to increasing National Insurance,” but the “consequences of irresponsibility would have been far greater” had the [...]
Royal Mail allowed to ditch Second Class Saturday deliveries

January 30, 2025

This morning, regulator Ofcom has said it is proposing to scrap Second Class letter deliveries on Saturdays and reduce the service to alternate weekdays while lowering Royal Mail’s delivery targets. In a statement published this morning, titled ‘Protecting the postal service for the future,’ Ofcom said Royal Mail’s universal service agreement “urgently needs reform to [...]
JD Wetherspoon boss Tim Martin calls on Starmer to reduce pub taxes

January 22, 2025

Wetherspoons chairman Tim Martin has once again called on the government and Keir Starmer to reduce the tax gap between supermarkets and pubs in his company’s latest trading update. Martin said following the government’s decision to hike the national minimum wage, business rates and employers’ national insurance, costs at Wetherspoon will increase by around £60m [...]
Whisky Business: Lessons from 150 years in the Whisky trade

January 16, 2025

Whisky Business: City AM’s monthly look at the world of whisky. Robert Graham 1874 is one of the UK’s oldest whisky and tobacco merchants. Founded in 1874 by Glasgow’s former city treasurer, Robert Graham, the company has grown steadily over the years, branching out in 2002 with its own exclusive award-winning range of whiskies. “Our [...]
Whisky Business: Johnson Reserve’s record-breaking release

December 12, 2024

Whisky Business: City AM’s monthly look at the world of whisky. Whisky has become one of the hottest assets in the world over the past decade, but as the financial returns have stacked up for investors, quality has, in some cases, fallen by the wayside. Crafting a memorable whisky takes skill and effort, more so [...]
Currys reports £32m Budget tax hit

December 12, 2024

Consumer electronics retailer Currys has become the latest company to warn about the impact of Labour’s tax raid on its bottom line. In its half-year results for the six months to 26 October 2024, published this morning, management said the estimated cost of recent tax policy changes could amount to as much as £32m. The [...]

El Nino heatwaves to ‘fuel inflation next year’

Champions Cup rugby team hacked in ransom attack with player data at risk

A tribute to wine legend Matthew Jukes by his friend Libby Brodie

By: Rupert Hargreaves

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