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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RM’s profit booms amid ‘year of transformation’

December 11, 2024

Education technology firm RM expects better-than-expected results for 2024, describing it as a “year of transformation” amid a “challenging UK schools market.” The London-listed company said it anticipates adjusted operating profit for the year ending 30 November to be between £8.4m and £8.8m – five to 10 per cent ahead of market expectations. Adjusted earnings [...]
Why Grenada is the off-the-beaten-track side of the Caribbean

December 9, 2024

The West Indies, one of the world’s most beautiful places, is still relatively untouched by tourism. A crescent-shaped group of islands separating the Gulf of Mexico and the Caribbean Sea, the region is often referred to as the Caribbean, although, strictly speaking, the Caribbean also includes the coastal regions of North, South and Central America. [...]
Surging housing costs push inflation back above Bank of England target

November 20, 2024

Inflation has risen back above the Bank of England’s two per cent target, the latest data has shown today. According to the latest figures from the Office for National Statistics (ONS) consumer price inflation (CPI) hit 2.3 per cent in October. The figure came in above economists projections. Economists had forecast CPI to come in [...]
Whisky Business: Scotch Whisky exports take a hit

November 14, 2024

City AM’s monthly look at trends in the world of Scotch Whisky. Scotch Whisky is one of the UK’s most successful sectors, but it’s facing increasing headwinds from challenges both at home and overseas. According to the Scotch Whisky Association (SWA), the value of Scotch exports topped £5.6bn in 2023, supporting 66,000 jobs across the [...]
Burberry: Firm axes dividend as group slumps to loss

November 14, 2024

Burberry has slumped to a loss and axed its dividend for the first half of its financial year as sales at the British luxury house plunged. In its interim results for the 26 weeks to 28 September, the group reported an operating loss of £53m, down from a profit of £223m in the same period [...]
Vodafone shares slump as FTSE 100 struggles for growth

November 12, 2024

FTSE 100 telecoms giant Vodafone has reported a jump in operating profit today and reiterated its financial guidance for the year after a string of asset disposals. The company told the market this morning that revenue for the first half of its financial year had risen 1.6 per cent to €18.3bn (£15.2bn) as service revenue [...]
IAG shares surge as British Airways owner launches new buyback

November 8, 2024

IAG shares jumped 7.5 per cent in early deals this morning after the British Airways owner unveiled its third-quarter results for the three months to 30 September today. The company reported an increase in total revenue for the period of 7.9 per cent and an increasing operating profit of 15.4 per cent to adjust over [...]
BT: Challenging conditions hit revenue at FTSE 100 giant

November 7, 2024

BT shares traded lower by as much as 3.9 per cent in early deals this morning after the company downgraded its growth outlook for the year. The company reported a slight decline in revenue for the half-year ended 30 September 2024 due to what it has called challenging conditions in its business arm and more [...]
Lancashire Holdings shares surge to the top of the FTSE 250 after special dividend announced

November 6, 2024

Lloyd’s of London insurer Lancashire Holdings has announced another special dividend in its results for the three months to 30 September. Shares in the company jumped 9.2 per cent in early deals to the top of the FTSE 250 after the results were published. The company reported a nine per cent jump in gross written [...]
Lloyd’s of London insurer Beazley records further growth despite Helene and Milton

November 6, 2024

Lloyd’s of London insurer Beazley has recorded further growth in its insurance book and is on track to hit its profit target for the year despite hurricanes Helene and Milton. In a trading update for the nine months ended 30 September 2024, the company reported insurance written premium growth of seven per cent to $4.6bn [...]

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

By: Rupert Hargreaves

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