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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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 [...]
Hiscox: Lloyd’s of London insurer reports ‘robust growth’ despite a more ‘active loss environment’

August 7, 2024

Hiscox, the Lloyd’s of London insurer, has reported another set of strong results as the company has continued to benefit from a hard insurance market. In its interim results for the six months to 30th June, the company recorded 3.3 per cent growth in insurance contract written premium (ICWP). The figure rose $89.6m (£70.5m) to [...]
Interactive Brokers is ready to shake up the UK trading market

July 23, 2024

“Why is it,” Gerald Perez, the UK boss of global brokerage giant Interactive Brokers, told City A.M., “that UK investors can trade anywhere around the world on our platform for less than £3, but other platforms charge £10 for investors to trade in their home market?” Although it’s currently a fairly small player in the [...]
Harland & Wolff: Boss steps down as Titanic shipbuilder’s government loan rejected

July 19, 2024

Harland & Wolff has been locked in financing talks with the government for the past year.
UK government borrows more than expected as debt pile grows

July 19, 2024

The governement borrowed more than expected during the month of June.

Easyjet investors call for £600m more from US bidder

Sunderland AFC chiefs in Stadium of Light expansion talks

Procter & Gamble axes relationship with Kremlin propaganda channel

By: Rupert Hargreaves

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