Why Rachel Reeves’s Budget is making businesses nervous | Bonds & Ballots October 30, 2024 City AM’s City Editor Charlie Conchie takes a look at all the alarms in the run-up to Labour’s first budget.
GSK: Zantac settlements hit profit but guidance unchanged October 30, 2024 Pharmaceutical giant GSK has reported a drop in profit due to charges related to the Zantac lawsuits but has reaffirmed guidance and said its core outlook remained unchanged. Operating profit fell by 86 per cent, and earnings per share slumped due to a settlement charge of £1.8bn related to the Zantac lawsuits. The lawsuits arose [...]
Standard Chartered to double down on wealth management as profit beats forecasts October 30, 2024 Standard Chartered is to double investment in its wealth management arm as the bank beat estimates for its third-quarter profit and boosted plans for shareholder returns.
The Naked Truth October 30, 2024 The love child of Adam Barton and Amy Lane, Atlas Wines began as a vineyard of Shiraz and Cabernet Sauvignon in Australia’s Clare Valley. Here Adam tells us more about their partnership with Naked How did you get Naked? Amy and I were approached by Naked Wines in 2012 after our Atlas Wines received some national press. [...]
Ahead of the Game: A$AP Rocky’s Tranmere takeover hits a snag October 30, 2024 City AM has learned that one of Tacopina's key investors, who was providing around 30 per cent of the funding, pulled out last week.
Firms worry about flatlining growth amid Budget tax rises concerns October 30, 2024 Private sector firms expect to see growth flatline in the final months of the year, a survey suggests, as concerns about the Budget build. For the second successive month, the Confederation of British Industry’s (CBI) growth indicator showed that businesses do not expect to see any change in activity over the next quarter. The CBI [...]
Jaguar Land Rover: Drivers using plug-in hybrids as ‘stepping stone’ towards electric cars October 30, 2024 Jaguar Land Rover has revealed a sharp rise in the sales of its plug-in hybrid models (PHEV) as its customers use them as a ‘stepping stone’ towards battery electric vehicles (BEV). The automotive giant has reported a 59 per cent rise in PHEV sales during the first half of its financial year compared to the [...]
What’s on in London in November 2024 October 29, 2024 As London’s streets start to glow with early festive lights, November in London promises an exciting mix of events that capture the city’s essence. From sparkling markets and iconic parades to live music and hidden pop-ups, there’s something to surprise Londoners and visitors alike. Ready to explore the best of London this November? Dive into [...]
Convenience stores issued £634m warning ahead of Budget October 29, 2024 A lobby group has warned convenience stores could be set for a huge bill next year as tax hikes are expected to be included in the Autumn Budget. The Association of Convenience Stores has said the sector will face a potential bill of £634m due to wage increases, plus changes to National Insurance contributions and [...]
Tom Brady team wins E1 championship October 29, 2024 Tom Brady’s E1 team won the inaugural championship after a curtailed opening season. After only five races the former NFL star’s team were crowned winners of the all-electric boating series. He fended off teams with involvements from the likes of Sergio Perez, Virat Kohli and Rafael Nadal. Winning team owner, Brady, said “It feels amazing [...]