UPS returns to growth for the first time in two years as Christmas run-up starts October 25, 2024 The United Parcel Service (UPS) returned to revenue and profit growth in its third quarter for the first time in nearly two years, showing signs of a strong economy gearing up for the festive season. According to the latest trading update, the global shipping service reached $24.4 bn (£18.8 bn) in revenue, a 4.2 per [...]
Parachute payments: Government clarifies stance after regulator move October 24, 2024 The government insists it does not want parachute payments to be abolished, despite giving the incoming football regulator new powers to look at the controversial mechanism. The Premier League and English Football League remain at loggerheads over the issue, which has contributed to an impasse over the so-called New Deal of financial redistribution. More than [...]
Premier League faces new legal battle – and nemesis barrister October 23, 2024 The Premier League is facing another legal battle with top players and clubs over its financial rules, having already suffered bruising defeats to Leicester and Manchester City this season. Footballers’ union the PFA has hired leading barrister Nick De Marco KC to challenge the top flight’s plans to introduce a new system of “anchoring” next [...]
BHP nears £24bn settlement in Brazil for Samarco dam disaster October 21, 2024 Miners BHP and Vale are negotiating a possible settlement worth roughly $31.7bn (£24.32bn) with Brazilian authorities over a 2015 dam failure that is considered one of the country's worst environmental disasters.
Meet the fund managers: Empowering growth in small UK companies October 21, 2024 In the final edition of this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Georgina Brittain, manager of the JPMorgan UK Small Cap Growth & Income How does your fund stand out from others in the same market? What really sets us apart [...]
BHP’s record-breaking Samarco dam trial kicks off at the High Court October 21, 2024 The largest action of its kind hits the High Court today as mining giant BHP is faces a multi-billion pound lawsuit over a dam collapse in Brazil
‘Tis the season: Festive spending to boost London’s West End October 21, 2024 Festive spending in London's West End is expected to reach £1.7bn, with international tourists set to push sales up by 3.2 per cent in the run up to Christmas.
Hundred bids close today. Ambani family and Delhi Capitals among parties October 18, 2024 Bidding in the first round of the Hundred auction closes today with the ECB confident that the eight franchises will attract between 60 and 80 bids. City AM has been told that many of the bidders have put in offers for several Hundred franchises however, which the ECB are encouraging in an attempt to inject [...]
The Square Mile and Me: M Restaurants founder Martin Williams on backpack etiquette and mandatory two hour lunches October 17, 2024 Each week we ask a City figure to take a trip down memory lane. Today it’s Martin Williams, CEO of Groucho and founder of M Restaurants on the City staple’s 10th birthday What was your first job? I started working in hospitality when I was sixteen, as a dishwasher in a grotty hotel in North Yorkshire. I [...]
London Underground workers in Aslef and RMT vote to strike next month October 16, 2024 London Underground drivers will walk out next month, bringing chaos to the capital in a protest over pay and working conditions. Members of the Aslef union voted overwhelmingly to walk out on a number of dates in November, before RMT members backed strikes shortly after. Train operators and management grades will not work on 7 [...]