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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Spring Statement 2025 LIVE

March 26, 2025

Chancellor Rachel Reeves has presented her Spring Statement in the House of Commons this afternoon. The headline of the release was the change in the projections by the Office for Budget Responsibility (OBR), which has slashed its growth forecast in half to one per cent as Chancellor Rachel Reeves said she was “not happy” [...]
Wetherspoons: Pub group hikes dividend despite cost warning

March 21, 2025

Pub giant J D Wetherspoon has reported a dip in profits in its half-year results despite an uplift in sales, while chairman Tim Martin warned that rising labour costs and tax disparities are set to hit the pub industry hard. Its share price fell more than seven per cent in early trades. Like-for-like sales rose [...]
Lloyd’s of London’s profit drops despite premium growth

March 20, 2025

Lloyd’s of London, the world’s leading insurance and reinsurance marketplace, has reported a profit before tax of £9.6bn for 2024, a drop from the £10.7bn reported for 2023. The market, which is made up of more than 50 leading insurance companies and over 380 registered Lloyd’s brokers, recorded gross written premiums of £55.5bn for 2024, [...]
Sabre Insurance hikes dividend as turnaround gathers speed

March 18, 2025

Sabre Insurance has reported a 105.9 per cent surge in pre-tax profit for 2024, driven by record-high premium income and strict underwriting discipline. The UK motor insurer, which has struggled to keep up with the market in recent years, reported gross written premium growth of per cent year-on-year to £236.4m. IFRS profit before tax jumped [...]
Computacenter: Tech group notes record performance in North American market

March 18, 2025

Leading independent technology and services provider Computacenter has reported a mixed set of full-year results for 2024 despite a record performance in North America in the second half. Revenue inched up 0.6 per cent to £7bn while adjusted profit before tax fell 8.6 per cent to £254m. The company said a strong performance at its [...]
Whisk(e)y Business: The Irish Whiskey renaissance

March 14, 2025

Whisky Business: City AM’s monthly look at the world of whisky. Today, Scotland is the world’s go-to destination for whisky, but back in the 19th century, Irish whisky (the ‘e’ in Irish whiskey wasn’t universal until the latter half of the 1990s), not Scotch, dominated the global market. By the late 1800s, Irish distillers had the [...]
GDP shrinks in January as UK economy prepares for upcoming tax hikes

March 14, 2025

The UK economy underperformed expectations in January. According to the latest set of gross domestic product (GDP) figures published by the Office for National Statistics (ONS), the economy shrank by 0.1 per cent in January as output was dragged down by a sharp drop in output in the production sector. Over the three months to [...]
IG Group: Revenue jumps as volatility returns to markets

March 13, 2025

Trading and investment firm IG Group has reported a 12 per cent jump in total revenue to £268m for the third quarter of its financial year (three months to 28 February 2025), as stronger market conditions and increased client activity drove growth. Trading revenue rose 15 per cent year-on-year to £235.3m. Trading in over-the-counter (OTC) [...]
Legal & General: FTSE 100 giant hikes shareholder returns after strong year

March 12, 2025

Asset management and insurance giant Legal & General has reported a six per cent increase in core operating profit for 2024. Core operating profit hit £1.6bn and pre-tax profit under IFRS accounting standards stood at £542m. Off the back of these robust numbers Legal & General announced a £500m share buyback for 2025, as part [...]
Lloyd’s of London expects £1.8bn hit from Californian wildfires

March 10, 2025

Lloyd’s of London, the historic insurance market, has reported a 6.5 per cent increase in premiums written for 2024. In a trading update published this morning ahead of its full results, which are set to be released on 20 March 2025, Lloyd’s said gross written premiums increased £55.5bn from £52.1bn in the prior year. Lloyd’s [...]

Ministers speed up crackdown on Shein and Temu – by just six months

Government is set to deal major blow to Big Tech’s moves into sports rights

Procter & Gamble axes relationship with Kremlin propaganda channel

By: Rupert Hargreaves

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