UK taxpayer faces £200m loss from bailout of Oneweb December 27, 2023 The UK taxpayer faces a £200m loss from the government's decision to bailout satellite-internet company Oneweb.
Astrazeneca to buy China’s Gracell Biotechnologies in $1.2bn deal December 27, 2023 Astrazeneca will buy Gracell Biotechnologies for up to $1.2bn as the Anglo-Swedish pharma company furthers its cell therapy ambitions and boosts its presence in China.
Who were the biggest winners and losers in 2023 in the automotive world December 24, 2023 It has been a year of change for the global automotive industry. City A.M. judges the biggest winners and losers.
Wind industry facing turbulence in US and Europe as China emerges as low-cost competitor December 22, 2023 Margins in Europe and the US have been squeezed amid low demand, supply chain disruptions and construction delays, but prices in China have fallen dramatically.
Shanta Gold latest company to leave London’s markets after £142m buyout December 20, 2023 The £141m bid requires 75 per cent shareholder approval to pass
Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]
Lloyd’s of London strikes deal with Ping An to stay at iconic City HQ until 2035 December 18, 2023 Lloyd’s of London has struck a new deal with Chinese insurer Ping An to remain at its One Lime Street headquarters until 2035, four years longer than its original lease agreement.
After four years, supply chain issues are easing – but it’s not all smooth sailing yet December 18, 2023 Global supply chain issues have finally eased, but if there's anything we've learnt, it's not to become complacent, writes Anne Sophie Fribourg
Mark Kleinman: LSE chiefs must seize Shein opportunity December 14, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Shein float will be a godsend for markets – if it can get over the line December 13, 2023 As Shein eyes up a mega IPO, it's flotation could re-start the cycle of flotations which has been stuck in the doldrums, writes Simon Neville