In The Style cuts job as sales continue to fall ahead of stock exchange return December 12, 2024 In The Style slashed jobs in a bid to stem its losses amid continuing falling sales as its return to the London Stock Exchange edges nearer. The Manchester-headquartered fast-fashion retailer has posted a pre-tax loss of £2.6m for the year to 31 March, 2024, down from the £7.7m loss it reported in the prior 12 [...]
Court rejects appeal in data privacy class action against Google December 12, 2024 A court has rejected an appeal against a decision to throw out a data privacy class action against Google and its AI subsidiary, DeepMind
London e-bike battle heats up as Forest strikes partnership to take on Lime December 12, 2024 Forest is looking to claw back market share from its larger London rival Lime, which is the only other e-bike operator in the capital.
London Stock Exchange owner sells Euroclear stake for £455m December 12, 2024 The owner of the London Stock Exchange has sold its minority stake in financial markets infrastructure provider Euroclear for £455m. The London Stock Exchange Group (LSEG) said on Thursday that it completed the divestment of its 4.92 per cent holding in the Belgium-based firm. It sold the stake to TCorp, the investment and financial management [...]
Diageo: Shares in FTSE 100 Guinness, Baileys and Johnnie Walker owner are staging a comeback December 12, 2024 Shares in Diageo, the giant behind Guinness, Baileys and Johnnie Walker, are staging a comeback after falling to a historic low last month. The London-headquartered group, which also has a listing on the New York Stock Exchange, has seen its share rise to 2,581p in early trading today, up 3.6 per cent. The latest price [...]
Mark Kleinman: Unilever puts buyout firms in the deep freeze December 12, 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 Unilever’s flakey ice cream approach, Thames Water’s demanding investors, and the long-winded sale of The Observer. Anyone for an ice cream fight? The decision of FTSE-100 consumer goods behemoth Unilever to [...]
Ed Warner: Sport owners mustn’t forget the loyal and local in rush to go global December 12, 2024 In the frenzied rush to create global franchises and events, the sport business risks forgetting local and loyal fans at their peril, says Ed Warner. Storm Darragh dashed many sporting dreams last weekend, including those of the Australian 15-year-old who spent all his savings on a solo trip from Down Under only for the last [...]
Omnicom and IPG staff fret for their future after $13bn mega merger December 12, 2024 Omnicom and IPG sent shockwaves through the advertising sector when they announced a $13bn merger on Monday. Ali Lyon looks at what the deal means for the firms’ agencies, staff and the ad industry as a whole. Advertising, according to Mad Men’s Don Draper, is based on one thing: happiness. Happiness, the protagonist of the [...]
2025 will be a year of green shoots for the City December 12, 2024 Changing mood music should gradually shift sentiment in London’s favour – and with the fire power of pension funds 2025 could be a better year than the City has seen in a while, says Steven Fine In New York, investors are in bullish form. I met one very well-known player recently who nearly knocked me [...]
Square Mile and me: Octopus Money CEO Ruth Handcock December 12, 2024 Octopus Money CEO Ruth Handock tells us about cocktails, 10-hour job interviews and why we need more women in the City What was your first job? Washing neighbours cars inside and out for a pound at the age of 12. Followed by two years at Sainsbury’s on the checkout during sixth form. But both have [...]