Barclays completes £600m Tesco Bank takeover November 1, 2024 Barclays has completed its £600m takeover of Tesco’s banking arm after high court approval for the buyout came on 17 October. As part of a ten-year partnership between the two firms, Barclays will begin operating and managing Tesco Bank. Tesco will keep all of its existing insurance and money services activities, including ATMs, travel money [...]
Sainsbury’s sells Argos credit cards for £720m in financial services retreat October 31, 2024 Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.
What to wash your Halloween haul down with October 29, 2024 Never has there been a festival so associated with sweet treats as Halloween and now is the time to stock up for trick-or-treaters. Whether clearing the leftovers or raiding your child’s haul there is a way to make the experience even better with a glass of the good stuff. Chocolate I tend to go with [...]
Brand Architekts: Sales at owner of Skinny Tan and Super Facialist slump October 21, 2024 Brand Architekts, the beauty specialist behind British brands including Skinny Tan and Super Facialist, has reported a fall in sales as it pivots to fewer, bigger brands. The company reported an underlying loss of £0.4m compared to a loss of £1.2m for 2023, while its gross profit margin increased 1.5 per cent to 41.2 per [...]
Meet the fund managers: Empowering growth in small UK companies October 21, 2024 In the final edition of this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Georgina Brittain, manager of the JPMorgan UK Small Cap Growth & Income How does your fund stand out from others in the same market? What really sets us apart [...]
The Notebook: Starmer should spend more time on Linkedin October 16, 2024 Sir Keir Starmer should spend more time clicking away on the world’s most insincere website, according to Michael Martins, founding partner of Overton Advisory Starmer should spend more time on LinkedIn Labour’s first successful International Investment Summit under Prime Minister Starmer yesterday has garnered all the right headlines. Tens of billions of pounds in investment [...]
Teneo secures £77m loan for first dividend payout October 13, 2024 Public relations firm Teneo is borrowing up to $100m (£76.5m) to pay its private equity owner and staff their first dividend. The company, which has City-based UK offices, approached lenders for the financing last week that is earmarked to fund dividend payouts, according to analysts at research firm Creditsights. However, sources close to Teneo said [...]
Brits urged to adopt pandemic habits ahead of ‘worst winter in history’ October 11, 2024 With flu, Covid and RSV cases rising earlier than expected , Dr Hilary is calling for Brits to self-diagnose at home where possible.
Travelex to be put up for sale after post-pandemic rebirth October 10, 2024 The chief executive made the comments about Travelex's sale plans in the latest episode of City A.M.'s Boardroom Uncovered interview series.
The ‘battle for value is on’ at UK grocers as supermarkets push discounts October 8, 2024 Higher spending at supermarkets over the last month has been driven by sales of discounted goods as grocers compete to bring financially-stretched customers through their doors, according to fresh data. Grocery price inflation increased slightly to two per cent during the four weeks to 29 September, up from 1.7 per cent last month, according to [...]