About Sebastian McCarthy

Chief City reporter covering banking, insurance, deals and exchanges. Email stories to seb.mccarthy@cityam.com

2019 Articles

Lender Provident Financial shares tumble on profit warning
Lender Provident Financial shares tumble on profit warning
Provident Financial’s share price plunged more than 20 per cent in early morning trading after the sub-prime lender issued a [...]
January 15, 2019
Games Workshop enjoys record year as business remains 'in great shape'
Games Workshop enjoys record year as business remains 'in great shape'
Miniature wargaming manufacturer Games Workshop struck a positive tone this morning after posting record sales, despite a slowdown in growth during the [...]
January 15, 2019
CapitaLand to buy real estate group in Asian mega-deal
CapitaLand to buy real estate group in Asian mega-deal
Plans to create Asia’s largest real estate investment manager were revealed today after Singapore’s CapitaLand said it will pay $8bn (£6.2bn) [...]
January 14, 2019
Shares in Debenhams dive as woes show no sign of abating
Shares in Debenhams dive as woes show no sign of abating
The falling share price of embattled department store chain Debenhams showed no sign of a let up this afternoon as [...]
January 14, 2019
Patisserie Valerie non-exec director James Horler resigns with immediate effect
Patisserie Valerie non-exec director James Horler resigns with immediate effect
Patisserie Valerie’s non-executive director James Horler has become the latest senior figure to resign from his position at the beleaguered [...]
January 14, 2019
Littlewoods and Very owner Shop Direct enjoys Christmas sales bounce
Littlewoods and Very owner Shop Direct enjoys Christmas sales bounce
Very and Littlewoods operator Shop Direct saw a rise in revenues over the festive period, as Black Friday discounts and [...]
January 14, 2019
Top 10 CEOs: Amazon's Jeff Bezos tops index of chief executives, but who else makes the list?
Top 10 CEOs: Amazon's Jeff Bezos tops index of chief executives, but who else makes the list?
Amazon founder Jeff Bezos today took the top spot in a new index that rates bosses on the star power [...]
January 14, 2019
Revolution Bars suffers share price drop in wake of profit warning
Revolution Bars suffers share price drop in wake of profit warning
Cocktail group Revolution Bars saw its share price dive this morning as it became the latest UK retailer to issue a [...]
January 14, 2019
Footfall slides in December as discounting does little to boost retail woes
Footfall slides in December as discounting does little to boost retail woes
The number of shoppers visiting retail parks, shopping centre and high streets continued to slide during December, as attempts to [...]
January 14, 2019
Fears over business rates mount as Britain's major retailers prepare to form action group
Fears over business rates mount as Britain's major retailers prepare to form action group
Some of Britain’s biggest retailers are coming together in an urgent bid to seek business rates relief from the government, [...]
January 13, 2019
City focuses on Boohoo as online giant hopes to defy retail gloom
City focuses on Boohoo as online giant hopes to defy retail gloom
Online fashion giant Boohoo looks set to defy the gloom hanging over Britain’s retail industry later this week when it [...]
January 13, 2019
Chelsea FC turnover hits a record after bumper financial year for owner Abramovich
Chelsea FC turnover hits a record after bumper financial year for owner Abramovich
A return to the UEFA Champions League helped deliver record turnover for Chelsea Football Club in 2018, adding to a [...]
January 13, 2019
Virgin Atlantic and Stobart Group poised to make takeover move for Flybe
Virgin Atlantic and Stobart Group poised to make takeover move for Flybe
Richard Branson’s Virgin Atlantic and the Stobart Group are close to securing the takeover of embattled regional airline Flybe, according [...]
January 10, 2019
Super Thursday: Embattled retailers could learn from the Tesco turnaround plan
Super Thursday: Embattled retailers could learn from the Tesco turnaround plan
It wasn’t only children who traditionally looked forward to Christmas: time was when Yuletide sales could be guaranteed to give [...]
January 10, 2019