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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Trumping Brexit: Business optimism soars as manufacturing confidence hits 20-month high

February 6, 2017

The shock Brexit vote and the outcome of the US presidential elections have failed to dent business optimism in the UK, according to a report by BDO. The accountants’ optimism index, which indicates how firms expect their order books to develop in the next six months, has risen to 103.7 from 102.2 in December. BDO's latest [...]
UK firms could face £2,600 in additional employment costs, warns Federation of Small Businesses

February 6, 2017

UK small businesses could face £2,600 in additional employment costs, the Federation of Small Businesses has warned. The business lobby group called on UK chancellor Philip Hammond to use the upcoming budget to help small businesses tackle soaring employment costs. In its submission to Hammond ahead of the 8 March budget, the FSB has urged action [...]
Splash draft

February 5, 2017

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Bad line: Investors to sue BT over accounting slip-up that wiped billions off its market value

February 5, 2017

BT could be hit by legal action from its shareholders following an accounting scandal that rocked the telecoms company last year. Law firm Quinn Emanuel Urquhart & Sullivan is mulling a potential lawsuit on behalf of institutional investors over the impact of the accounting scandal being worse than originally stated. The group announced writedowns of £145m in October [...]
Biotech giant backed by Neil Woodford confirms £100m London float

February 2, 2017

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Biotech giant backed by Neil Woodford confirms £100m London float

February 2, 2017

UK healthcare giant Arix Bioscience, backed by biotech entrepreneur Sir Chris Evans and star investor Neil Woodford, is hoping to raise £100m in a stock market float in London. Arix, which raised more than £50m from Woodford Investment Management and other institutional investors, focuses on developing businesses addressing medical innovation. The London-based company has acquired direct interests in [...]
London-based Hot Wheels game maker Hutch raises £4m from Index Ventures and Backed VC

February 2, 2017

A Silicon Roundabout star behind a hit Hot Wheels video game has zoomed off with a $5.5m (£4.3m) investment. Hutch, which has studios in London and Brighton, raised the money from Index Ventures and Backed VC. Founded in 2011, Hutch received seed financing in 2014, via a round led by Initial Capital. Hot Wheels: Race Off, [...]
Sports Direct’s pay policy and Mike Ashley’s dominance slammed by key investor

February 1, 2017

Beleaguered retailer Sports Direct has been slammed by a top investor over its remuneration policy and founder Mike Ashley's dominance. Standard Life Investments has called for big changes at the retailer in its annual governance report. The asset manager is the fourth largest shareholder in Sports Direct with a 3.5 per cent stake. As at December [...]
H&M profits get a small boost as new store opening on the cards

January 31, 2017

Fashion darling H&M today revealed a small increase in profit after missing estimates for five of the previous six quarters. The figures The Spanish retailer's profits after tax stood at £1.7bn (18.636bn kronor) in the year ending 30 November 2016. Sales in the first 29 days of this month rose 11 percent at constant currency rates, up [...]
Trump effect? Warren Buffett has bought $12bn worth of stock since the US election

January 31, 2017

Legendary investor Warren Buffett aka the sage of Omaha has added $12bn (£9.6bn) worth of stock to Berkshire Hathaway since the US election in November. “We’ve, net, bought $12bn of common stocks since the election,” Buffett said in an interview. US stocks boomed after Donald Trump was elected US President in November as investors and analysts hoped [...]

UK fintech Zempler Bank gets snapped up for less than half its previous valuation

Why KKR-Arctos is not just about private equity getting bigger

The unlikely City florist that once served the royals

By: Shruti Tripathi

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