By: Rupert Hargreaves

Managing Editor Rupert Hargreaves is City AM's Managing Editor. He also 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 over 15 years of experience in financial journalism and holds qualifications from the CFA Institute and the Chartered Institute for Securities & Investment (CISI).

Connect on socials

All 284 Articles

Quilter hikes dividend as ongoing advice review drags on

March 5, 2025

Asset management firm Quilter has reported a 17 per cent rise in adjusted profit to £196m for 2024, alongside a two-percentage-point improvement in its operating margin to 29 per cent. The wealth management firm, which provides advice and investment solutions across the high net worth and affluent market segments, recorded net inflows of £4.8bn. This [...]
Beazley records record profit despite wildfire losses

March 4, 2025

Lloyd’s of London insurer Beazley has reported a record profit before tax of $1.4bn (£1.1bn) for 2024, a 13 per cent increase from the previous year. The specialist insurer also announced a $500m (£394m) share buyback programme alongside a 76 per cent rise in its ordinary dividend to 25p per share. Gross insurance written premiums [...]
Close Brothers completes sale of asset management arm to Oaktree

March 3, 2025

Banking group Close Brothers has completed the sale of Close Brothers Asset Management (CBAM) to global investment management firm Oaktree Capital Management. The transaction, finalised on 28 February 2025, is expected to bolster the bank’s common equity tier 1 (CET1) capital ratio by approximately 120 basis points, from 12.1 per cent to 13.3 per cent. [...]
Boeing issues weigh on FTSE 250 group Senior’s results

March 3, 2025

Aerospace and defence group Senior has reported revenue of £977.1m for the year ended 31 December 2024, a one per cent increase compared to the previous year. Operating profit rose six per cent to £40.3m, while profit before tax increased by 22 per cent to £27.8m. Adjusted profit before tax declined by 14 per cent [...]
Bunzl: FTSE 100 giant looks to further deals in 2025 after profit jumps

March 3, 2025

FTSE 100 international distribution and services company Bunzl has reported a slight decline in revenue on a reported basis for 2024. Revenue stood at £11.78bn ($14.91bn), a 0.2 per cent decrease on a reported basis but up 3.1 per cent at constant exchange rates. Adjusted operating profit increased by 7.2 per cent at constant exchange [...]
Hiscox: Profit hits record at Lloyd’s of London insurer

February 27, 2025

Lloyd’s of London insurer Hiscox has reported a record profit for the year ended 31 December 2024, with pre-tax earnings reaching $685.4m (£541.5m), a 9.5 per cent increase from the previous year. The insurance group’s net insurance contract written premiums rose to $3.7bn (£2.9bn) in 2023, up from $3.6bn (£2.8bn) in 2023. Insurance contract written [...]
Haleon launches buyback and hikes dividend after strong year

February 27, 2025

Consumer healthcare giant Haleon has reported a strong financial performance for 2024, with organic revenue growth of five per cent. However, revenue declined by 0.6 per cent on a reported basis to £11.2bn, while adjusted operating profit increased 9.8 per cent to £2.5bn. Haleon focuses on over-the-counter medicines, oral health, and vitamins, minerals and supplements. [...]
Serco’s profit jumps as defence arm grows

February 27, 2025

Serco has posted revenue of £4.8bn for 2024, in line with prior guidance, thanks to a notable improvement in organic growth, particularly in its North American Defence business. Serco, the global provider of public services, reported underlying operating profit growth of 10 per cent to £274m, with a sharp 30 per cent increase in the [...]
Morgan Sindall hikes dividend as revenue hits record

February 26, 2025

Morgan Sindall, the UK-based construction and regeneration group, has reported record results for the year ending 31 December 2024. The group recorded a 10 per cent increase in revenue to £4.55bn, while adjusted operating profit rose 15 per cent to £162.6m. Adjusted profit before tax grew by 19 per cent to £172.5m, with adjusted earnings [...]
Hikma’s profit jumps as demand for generic medicines booms

February 26, 2025

Hikma Pharmaceuticals reported a strong financial performance for 2024, with revenue rising nine per cent to $3.13bn (£2.47bn) and operating profit up 67 per cent to $612m (£483m). Profit attributable to shareholders nearly doubled, reaching $359m (£284m), while earnings per share rose 88 per cent. The multinational pharmaceutical company that develops, manufactures, and markets a [...]

Trump promises to hit Iran very hard, after president vows to never surrender

Fifa’s credibility is shot because it can’t decide what it wants to be

Ford Mustang Sutton CS800DH review: Taming a wild horse

By: Rupert Hargreaves

All 284 Articles

Subscribe