By: Shruti Tripathi

I am City A.M.'s news editor. I love interviewing entrepreneurs, carrying out investigations through freedom of information requests and covering all the latest goings on in the world's great city, London. I started my career as an intern at LondonLovesBusiness.com in 2011 and became editor in 2015. I joined City A.M. as deputy night editor in July 2016.

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London-listed vodka producer Stock Spirits’ profits up despite shareholder scuffle and challenges in Polish market

March 8, 2017

London-listed Polish vodka producer Stock Spirits' net profits have soared despite challenges in its Polish market and attacks from an activist investor. The figures Stock Spirits's net profits have soared 46.4 per cent to €28.4m (£24.6m). However, net sales were down 0.6 per cent to €261m (£226m) from €262.6m a year before. The drinks giant has acquired three alcohol [...]
Exclusive: Apprentice star Lord Sugar says “Labour is dead”, Amazon should pay more in business rates and no one understands Brexit

March 7, 2017

Apprentice star Lord Sugar has slammed Jeremy Corbyn for "destroying the Labour party". Speaking exclusively to City A.M., the billionaire entrepreneur said: "I think Jeremy Corbyn is totally useless and he’s destroyed the Labour party. It’s finished. It’s dead. They’ve got to find a new leader. "They need to kick him out but he’s so belligerent he [...]
Agent Provocateur founder Joe Corre: My brand was “dropped like a pair of dirty knickers”

March 6, 2017

Agent Provocateur co-founder Joe Corre has branded the £30m sale of the lingerie retailer “a scandal on many levels”. Corre, the son of iconic fashion designer Vivienne Westwood, said his brand was “dropped like a pair of dirty knickers”. Agent Provocateur was put up for sale by 3i in January. Last week, administrators Alix Partners sold the [...]
Buck up: UK tech sector not doing enough to attract female talent, according to research by PwC

March 6, 2017

The UK's tech sector isn't doing enough to attract female talent, according to research by PwC. Only a quarter of female students in the UK (27 per cent) would consider a career in technology, compared to 62 per cent of males, PwC's survey of 2,000 A level and university students has found. Only three per cent of females [...]
Hello, Jan du Plessis: BT set to tap Rio Tinto boss as new chairman

March 5, 2017

BT Group is expected to name Rio Tinto boss Jan du Plessis as its new chairman. Du Plessis has emerged as the frontrunner for the role, beating HSBC group chairman Douglas Flint, according to the Sunday Times. Du Plessis has also served as chairman of SAB Miller and overseen its sale to Belgian-Brazilian beer firm Anheuser-Busch [...]
Jaeger is officially up for sale, confirms private equity guru Jon Moulton

March 5, 2017

Struggling retail chain Jaeger is up for sale, private equity veteran and Better Capital boss Jon Moulton has confirmed. Moulton told City A.M. that a sale "process is under way" with "a considerable number" of buyers having approached him already. Better Capital has hired AlixPartners to advise over the sale of the 133-year-old fashion brand. The [...]
Guy Hands plotting £1.3bn sale of Italian solar power firm

March 5, 2017

Terra Firma boss Guy Hands is plotting a £1.3bn sale of Italian solar power giant RTR. Hands is in talks with banks to explore a sale of the Rome-based renewable energy company, the Sunday Times reported. RTR, which was snapped up by Terra Firma in 2011, produces energy for 160,000 families every year through its sites in [...]
International firms continue bringing overseas talent to the UK despite Brexit doubts

March 3, 2017

Global companies have continued to move highly-skilled overseas workers to the UK despite uncertainty following the Brexit vote, according to law firm Pinsent Masons. The number of intra-company transfer (ICT) visas, which allow companies to transfer skilled non-EEA workers to the UK, granted in the six months after the Brexit vote have risen three per cent. ICT visas [...]
Brexit schmexit: Aldermore reports profit boost despite EU vote uncertainty

March 2, 2017

Challenger bank Aldermore has reported a 34 per cent jump in profits, thanks to higher mortgages and loan demand from homeowners and businesses. Phillip Monks, the bank's CEO, said Aldermore hasn't seen "any tail-off in demand post-Brexit". “To date it’s been business as usual: we have seen no direct impact on either the lending or deposit side [...]
Weak income growth set to hit poor households with children, warns the Institute for Fiscal Studies

March 2, 2017

Median household income will not grow at all for the next two years, the Institute for Fiscal Studies (IFS) has predicted. In a new report published today, the IFS pointed out that if the Office for Budget Responsibility (OBR)’s forecast for average earnings is correct, median household income will not grow and will be just four [...]

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By: Shruti Tripathi

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