Why these City firms will be the winners and losers of Rachel Reeves’s Budget October 28, 2024 Nervousness has gripped the City over the past month. A vacuum of fiscal policy has been filled by speculation and companies are scrambling to draw up plans ahead of a potentially punitive tax-raiding Budget from Keir Starmer and Rachel Reeves. Among the most gloomy warnings have been an inadvertent gutting of London’s junior AIM market [...]
The Notebook: Britain’s beauty industry is defying the odds. Here’s why October 28, 2024 The comeback of Britain's beauty industry is a national triumph. Let's celebrate it, writes British Beauty Council CEO Millie Kendall.
Plus500: Expansion plans pay off as revenue jumps October 28, 2024 Fintech firm Plus500 said its expansion plans were paying off after reporting an increase in client numbers and higher revenue.
Lookers in the red after £504m take-private deal October 28, 2024 Car dealership giant Lookers slumped into the red in the year it was taken private in a deal worth more than £500m. The Cheshire-headquartered business has reported a pre-tax loss of £5m for 2023, having posted a pre-tax profit of £73.9m in 2022. The loss comes as newly-filed accounts with Companies House show Lookers’ revenue [...]
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.
Bronze sculpture of poet John Keats to be unveiled in London October 26, 2024 English poet John Keats will be immortalised in a bronze sculpture, unveiled near his birthplace in Moorgate next week, it has been revealed. A public sculpture forged by sculptor Martin Jennings will be revealed on 31 October, in the heart of the City of London, a short distance from his birthplace on what would have [...]
The five REITs primed to be bought next October 26, 2024 Real estate investment trusts (REITs) have been dropping like flies this year, as competitors increasingly pursue mergers to grow their size, and many have begun to speculate about which one might be next to go. The largest merger of the year was LXI REIT, which was bought out by Londonmetric Property at the start of [...]
How American Express UK is looking to crack Gen Z October 24, 2024 American Express’s UK boss, Hannah Lewis, sits down with City AM to talk breaking into a younger markets and shaking up its image. “Do you take Amex?” It’s a question that has slipped so far into the cultural lexicon there are even memes about it. Scroll through a dedicated Reddit page on American Express and [...]
Dunelm: Consumer demand for sofas boosts group October 24, 2024 Dunelm, the UK’s leading homewares retailer, has reported an uptick in revenue for the 13-week period ending 28 September as consumers continued to spend money on home updates. The company reported sales of £403m for the period, up 3.5 per cent compared to the same period last year. The company reported digital sales, as a [...]
Analysts split over US listing for Watches of Switzerland following activist investor campaign October 23, 2024 London-listed Watches of Switzerland has come under pressure from activist investor Gatemore Capital Management to ditch its UK listing for the US, with analysts split over whether the decision would be beneficial for the firm. The UK’s biggest Rolex seller, which runs 221 stores globally, listed in London in 2019 and is currently a member [...]