Lok’nStore slumps to a loss after £378m takeover as bonuses cut March 13, 2025 UK self-storage group Lok’nStore slumped to a loss in the year it was taken private in a deal worth around £378m, it has been revealed. The Surrey-headquartered company was snapped up by Belgium’s Shurgard in April 2024. Lok’nStore had been listed on the London Stock Exchange’s AIM since 2000. New accounts filed with Companies House show [...]
Formula 1 prize money: Why constructors’ title trumps driver championship March 13, 2025 In Formula 1, the glory always seems to belong to the driver who is crowned world champion. That is justified: the winner has usually earned the trophy and become the one to beat with a consistent season of quality results. But the reality is that for the majority in Formula 1 it is not the [...]
John Lewis scraps staff bonus again despite tripling profit March 13, 2025 The John Lewis Partnership has scrapped its staff bonus for the third year in a row despite a near-tripling in profit. The company, which owns both John Lewis and Waitrose, told markets this morning that profit before tax increased from £42m to £126m over the 52 weeks to 25 January. Overall sales rose three per [...]
Scrapping relegation can help WSL dodge trap set by men’s football March 13, 2025 The WSL’s new leadership deserves credit for seriously considering ditching relegation in pursuit of a firmer financial footing for women’s football, writes Ed Warner. Manchester City have sacked their head coach with hopes of Champions League qualification this season fading and only cup dreams to cling to. No, not Pep Guardiola, but Gareth Taylor, now [...]
‘I look up to Elon Musk’: Alex Michelin on becoming a London property magnate March 13, 2025 Responsible for the sale of over 2m square feet of real estate, Alex Michelin has forged a fruitful career in property. He tells City AM how.
Lessons from the dot-com bubble, 25 years on March 13, 2025 While it’s tempting to compare the current excitement around AI to the dot-com bubble of 2000, it would be wrong to draw too many parallels, says Brad Holland As one market reporter quipped in Summer 2000: ‘pity the poor technology investor’. After the past fortnight’s trimming of US financial markets, some might think this observation has proven [...]
Mark Kleinman: FCA chief Rathi not at the exit door after all March 13, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. Today, he looks at the FCA chief, big Boots to fill and a high street icon FCA chief Rathi not at the exit door after all Embattled, besieged, under-fire: a few short weeks ago, there seemed no [...]
England Rugby to switch to Murray-backed Castore after Six Nations March 12, 2025 England’s rugby teams will replace Umbro with Andy Murray-backed British sportswear brand Castore after this year’s Six Nations. The new kit deal is due to start in May and follows months of talks between the Rugby Football Union and Castore, which was founded by former City workers. It means that England men’s team will debut [...]
Liverpool rocked again as Van Dijk makes contract admission March 12, 2025 Liverpool have suffered another blow following their Champions League elimination after captain Virgil van Dijk admitted he may only have 10 games left at the club. Van Dijk, 33, is out of contract in the summer and the Dutchman insists he is still no nearer to knowing whether he will strike a new deal to [...]
The Electric State review: A mega-budget Netflix flop March 12, 2025 Streaming giant Netflix has long desired a blockbuster franchise to rival the likes of Fast & Furious or Marvel. Over the years, millions have been poured into action movies for the platform that have been watched by many, but remembered by few. The Electric State represents their biggest gamble to date, bringing in Avengers: Endgame directors [...]