Peel Hunt shares edge up as City broker cuts costs to reduce losses April 1, 2025 Shares in City broker Peel Hunt edged higher in early trades this morning after the company issued a positive trading update. The company said it anticipated revenue of £90m for the year ending 31 March 2025, an increase of five per cent from the previous year. The investment bank reported revenue of £85.5m in fiscal [...]
House prices continue their steady upward climb April 1, 2025 House prices continued to rise in March as easing affordability pressures – alongside the end of the stamp duty holiday – boosted demand. UK house price growth remained stable in March at 3.9 per cent, the same as in February, according to Nationwide’s house price index. “These price trends are unsurprising, given the end of [...]
Harvey Nichols: Losses near £100m at luxury department store chain as sales fall April 1, 2025 Harvey Nichols has now lost almost £100m since it last made a pre-tax profit, it has been revealed, after being hit by the cost-of-living crisis and high inflation during its latest financial year. Delayed accounts for the iconic retailer, which was founded in 1831, have revealed its pre-tax loss went from £21.2m to £35.3m in [...]
Be an urban hero – report a Lime bike April 1, 2025 Discarded Lime bikes are littering London’s public realm and menacing wheelchair users, pram-pushers and the blind. There is a simple solution, says Phoebe Arslanagic-Little Can there be any Londoner yet to be inconvenienced by an abandoned Lime bike? We want to get to work. We need to go to the shops. But improperly parked Lime [...]
Barclays, NatWest, Citibank, JPMorgan: Major British banks take forex rigging case to Supreme Court April 1, 2025 Central British banks, including Barclays and NatWest, will be at the Supreme Court today, aiming to overturn a decision in the forex rigging case.
Council pay: Westminster tops ‘town hall rich list’ with 73 staff on over £100k March 31, 2025 Westminster City Council has topped a national ‘town hall rich list’ with 73 staff rewarded with over £100,000 last year. The central London borough council also had the most employees nationwide – at eight – receiving more than £200,000 in total remuneration, in 2023-24, according to the Taxpayers’ Alliance (TPA). While 13 more Westminster staff [...]
Dazn eyes UK partner deal for Club World Cup rights March 31, 2025 Dazn is looking to sublicense its rights to broadcast the Club World Cup in the UK this summer in a bid to take its coverage of the historic tournament to the widest possible audience. The London-headquartered sports streaming service acquired the global rights to Fifa’s first 32-team edition of the revamped competition earlier this year [...]
Investec Champions Cup Barometer: Munster ready for La Rochelle March 31, 2025 In the lead up to the 2024-25 Investec Champions Cup round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of this week’s knockouts. Team of the week: Munster, Ireland It hasn’t been a smooth season for Munster: [...]
W1M CEO: I didn’t want to be mocked like Abrdn in our rebrand March 31, 2025 The CEO of W1M, formerly Waverton Investment Management, has said he was conscious of other failed rebrands like Abrdn while selecting the firm’s new name. Waverton’s merger with London & Capital last year left CEO Guy McGlashan searching for a name that could unite both firms without excluding either. Eventually it landed on W1M, the [...]
Levy slams Spurs critics: We cannot spend what we do not have March 31, 2025 Tottenham Hotspur chairman Daniel Levy has hit out at the club’s transfer spending critics after the north London club made a loss after tax of £26.2m last year. The figure is a reduction on the £86.8m loss suffered in 2022-23 and the accounts for the year to 30 June 2024 showed a huge decrease in [...]