Revolut: US investor tried to scoop up cheap shares with Budget tax warning October 27, 2024 A US private equity firm tried to leverage fears of a capital gains tax raid in the Budget as it sought to grow its Revolut stake at a heavy discount, City AM can reveal, in a move foiled by the City regulator.
Sharkninja: UK’s love affair with air fryers helps brand serve up bumper profit October 14, 2024 The UK’s continued love affair with air fryers helped the European arm of Sharkninja surge back into the black as its sales jumped by over £300m. The Leeds-headquartered division has reported a pre-tax profit of £81.5m for 2023, having made a pre-tax loss of £19.7m in 2022. The last time Sharkninja reported a pre-tax profit [...]
The glaring flaws in The Lehman Trilogy October 11, 2024 Let's be honest, the Lehman Trilogy first performed in 2013 has run its course and is more than a little problematic
Zilch books quarterly profit and readies hiring spree as IPO looms October 10, 2024 Buy-now pay-later provider Zilch is planning to double staff numbers over the next 18 months after booking its first quarterly profit ahead of a much-anticipated IPO.
Vertical Aerospace: Battersea to Heathrow in 10 minutes? October 9, 2024 Imagine a future where a taxi from Central London to Heathrow took little more than 10 minutes? That's the goal of Bristol-based Vertical Aerospace.
JLL cans dividend as profit slumps but predicts turnover boost October 7, 2024 Profit has been slashed at the UK arm of global real estate services giant JLL as “increased market uncertainty” hit its earnings. The London-headquartered division has reported a pre-tax profit of £21.9m for 2023, down from the £60.9m it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover reduced from £460m [...]
Is Rachel Reeves about to force pension funds to back Britain? October 7, 2024 The prospect of Rachel Reeves forcing pension funds to back British stocks is being discussed as a more serious possibility, writes Charlie Conchie As the City grandees Nicholas Lyons and Peter Harrison gathered a room of executives for a workshop at the London Stock Exchange last month, a familiar gripe was on the agenda. The [...]
Online retailer Shein to hold roadshows soon ahead of London IPO October 4, 2024 Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), three sources with knowledge of the matter told Reuters, pushing ahead with preparations as it awaits UK regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources [...]
Mark Kleinman: Pay compass points towards a defiant City October 3, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles executive pay, Rightmove subs and firm YNAP window-shopping Pay compass points towards a defiant City Who says work doesn’t pay? That’s not been the case in the last [...]
Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]