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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Dunelm: Consumer demand for sofas boosts group

October 24, 2024

Dunelm, the UK’s leading homewares retailer, has reported an uptick in revenue for the 13-week period ending 28 September as consumers continued to spend money on home updates. The company reported sales of £403m for the period, up 3.5 per cent compared to the same period last year. The company reported digital sales, as a [...]
Barratt Redrow: Builder outlines growth plans after merger

October 23, 2024

Barratt Redrow outlined its growth plans today in its first trading update as a combined group. Created by the merger of homebuilders Barrett and Redrow, the combined group has laid out plans to build 22,000 homes a year in the medium term. That would make it one of the UK’s largest house builders. In its [...]
Reckitt: FTSE 100 giant’s revenue slides amid restructuring

October 23, 2024

Reckitt has reported a drop in like-for-like revenue as the company continues to struggle after the pandemic. For the third quarter the company reported like-for-like net revenue growth of -0.5 per cent, although revenue increased 0.4 per cent for the year to 30 September. Overall, the group reported a net revenue decline of four per [...]
Russian spies plotting to cause ‘mayhem’ on streets of UK and Europe

October 8, 2024

The Russian intelligence service is on “a sustained mission to generate mayhem” on UK streets, the head of MI5 has warned. Ken Mccallum said GRU agents have carried out “arson, sabotage and more dangerous actions” in Britain amid the UK’s support for Ukraine in the war between the two nations. Speaking at the counter-terrorism operations [...]
Imperial Brands: FTSE 100 giant hikes shareholder returns as debt falls

October 8, 2024

Today, the tobacco group Imperial Brands has hiked its shareholder returns for the year as net debt has continued to decline. In a pre-close period trading update, the company said it was trading “in line with expectations” for the year, with growth at both its tobacco and next generation product (NGP) lines. The company added [...]
British Land splashes out on portfolio of retail parks

October 3, 2024

Property giant British Land announced this morning that it has acquired a portfolio of seven high-quality retail parks for £441m. The company said the deal would be funded from existing resources as well as an equity placing of approximately £300m, by way of an accelerated bookbuild offering. The group acquired the retail parks from Canadian [...]
Lloyd’s of London reports ‘superb’ first half but warns of digitisation delays

September 5, 2024

Lloyd’s of London, the storied insurance market and one of the world’s largest providers of reinsurance, has reported a jump in profit today but warned its landmark digitisation project was taking “longer than expected”. Lloyd’s reported an overall profit before tax of £4.9bn in the first half of 2024, up from the figure of £3.9bn [...]
Segro pounces on Tritax Eurobox with all-share £552m offer

September 4, 2024

The London-listed warehouse giant Segro has made an offer for its smaller peer, Tritax Eurobox. Sergo and Tritax Eurobox announced this morning they had reached an agreement on the terms of a recommended all-share offer by Sergo for the entire issued and to be issued share capital of Tritax Eurobox. Segro has agreed to pay [...]
GSK receives US breakthrough therapy designation for lung cancer treatment

August 20, 2024

Pharmaceutical group GSK has been granted breakthrough therapy designation by the US Food and Drug Administration (FDA) for a key lung cancer treatment. The breakthrough therapy designation is designed to expedite the development and review of drugs with the potential to treat a serious condition. Only treatments that are shown to offer a substantial improvement [...]
Volatility and new markets help Plus500 to ‘excellent’ first half

August 19, 2024

Plus500, the spread betting and CFD provider, has reported an “excellent” start to its financial year. For the year to 30th June, the company reported revenue of $398.2m (£307m) up eight per cent year on year. The company also reported earnings before interest, tax, deprecation and amortisation (EBITDA) of $183.9m (£142m) for the period, up [...]

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By: Rupert Hargreaves

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