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By: Sebastian McCarthy

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

All 879 Articles
  • City makeover: Planning chief unveils major revamp bid to build more skyscrapers and lure in nightime West End goers

    September 20, 2018

    Ambitious plans to transform London’s skyline and revamp the Square Mile’s muted nighttime economy were unveiled by the City’s influential planning chief today, in a bid to keep the capital’s financial centre a global leader post-Brexit. In a wide-reaching 20 year local plan revealed today, The City Corporation is hoping to enlarge its cluster of skyscrapers [...]

  • City makeover: Planning chief unveils major revamp bid to build more skyscrapers and lure in nightime West End goers

    September 20, 2018

    Ambitious plans to transform London’s skyline and revamp the Square Mile’s muted nighttime economy were unveiled by the City’s influential planning chief today, in a bid to keep the capital’s financial centre a global leader post-Brexit. In a wide-reaching 20 year local plan revealed today, The City Corporation is hoping to enlarge its cluster of skyscrapers [...]

  • Investors wield knife but Ryanair survives shareholder revolt

    September 20, 2018

    Ryanair’s under-fire chair David Bonderman survived a shareholder revolt this morning, as nearly 30 per cent of investors voted against his re-election. Senior Ryanair directors Howard Millar and Kieran McLaughlin were also subject to an investor backlash, with voting approval of 78.5 per cent and 66.8 per cent respectively. Non-executive directors Charlie McCreevy and Declan McKeon also [...]

  • Investors wield knife but Ryanair survives shareholder revolt

    September 20, 2018

    Ryanair’s under-fire chair David Bonderman survived a shareholder revolt this morning, as nearly 30 per cent of investors voted against his re-election. Senior Ryanair directors Howard Millar and Kieran McLaughlin were also subject to an investor backlash, with voting approval of 78.5 per cent and 66.8 per cent respectively. Non-executive directors Charlie McCreevy and Declan McKeon also [...]

  • Kier defies expectations with strong profits as order book swells

    September 20, 2018

    Construction and services company Kier Group posted a better-than-expected nine per cent rise in profit this morning, fighting off investor fears following the collapse of competitor Carillion earlier in the year. Bolstered by a growing order book, the FTSE 250 firm’s underlying pre-tax profit jumped to £137m in the year to June, compared with £126m [...]

  • Kier defies expectations with strong profits as order book swells

    September 20, 2018

    Construction and services company Kier Group posted a better-than-expected nine per cent rise in profit this morning, fighting off investor fears following the collapse of competitor Carillion earlier in the year. Bolstered by a growing order book, the FTSE 250 firm’s underlying pre-tax profit jumped to £137m in the year to June, compared with £126m [...]

  • Spirit in the sky: City Pub Group sees profits jump after bumper World Cup summer

    September 20, 2018

    Aim-listed pub landlord City Pub Group has posted a 73 per cent rise in pre-tax profit on the back of a bumper summer of good weather and a successful World Cup run. Profits before tax rose to £1.6m in the first six months of 2018, rising from £0.9m compared with the same period last year, [...]

  • Spirit in the sky: City Pub Group sees profits jump after bumper World Cup summer

    September 20, 2018

    Aim-listed pub landlord City Pub Group has posted a 73 per cent rise in pre-tax profit on the back of a bumper summer of good weather and a successful World Cup run. Profits before tax rose to £1.6m in the first six months of 2018, rising from £0.9m compared with the same period last year, [...]

  • Retail giants to be hit by £190m business rate bill as industry fears ‘tipping point’

    September 19, 2018

    UK retailers are set to face a fresh tax bill worth hundreds of millions of pounds if today’s inflationary figures remain similar next month, with embattled high street businesses fearing another hefty levy could push the sector to its limits. The British Retail Consortium (BRC) predicts that the retail sector will be slapped with a £190m [...]

  • Retail giants to be hit by £190m business rate bill as industry fears ‘tipping point’

    September 19, 2018

    UK retailers are set to face a fresh tax bill worth hundreds of millions of pounds if today’s inflationary figures remain similar next month, with embattled high street businesses fearing another hefty levy could push the sector to its limits. The British Retail Consortium (BRC) predicts that the retail sector will be slapped with a £190m [...]

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