Essensys shares shoot up as flexible workspace software provider beats estimates August 29, 2024 Shares in software platform essensys climbed as much as 20 per cent on Thursday morning after it said it expected to report revenue, earnings and cash flow ahead of market expectations in its full year results. Essensys, which provides software and technology to the flexible workspace industry, has projected revenue of £24m and an adjusted [...]
Tracsis: Revenue dips at transport tech firm after election disruption August 29, 2024 Transport technology provider Tracsis has reported a dip in revenue caused by the general election, but said that disruptions have now subsided and that it has returned to normal operations. The AIM-listed firm expected revenue of £81m in the year ended 31 July 2024, down by just £1m from 2023. It expected adjusted earnings before [...]
PPHE Hotels: Art’otel owner reports double-digit growth despite project delays August 29, 2024 Hospitality real estate group PPHE has reported double-digit growth despite delays to multiple hotel projects this year. Like-for-like total revenue growth at the LSE-listed company was up 4.3 per cent to £187.8m in the six months ended 30 June 2024, from £180m in the first half of 2023. The total revenue performance for PPHE’s London [...]
City law firms urged to take trainees as US arm set to close London office August 29, 2024 The City of London Law Society issued a letter to its senior partners, asking for help finding roles for trainee lawyers of a US firm that is closing its City office.
Square Mile and Me: James Uffindell on building Bright Network August 29, 2024 Each week we ask a City figure to take a trip down memory lane. Today, James Uffindell, CEO of Bright Network, takes us through his career.
The Capitalist: City boys fight for £1k Oasis tickets as corporate demand explodes August 29, 2024 Oasis tickets look set to be the hottest corporate perk next year, with firms already splashing out for packages, The Capitalist has learned.
Millennials will be hit hardest by tax rises August 29, 2024 The generation that’s about to reach the most rewarding of years of their careers face spending their entire working lives earning less and paying more for worse public services, says John Oxley Few will have been cheered by Sir Keir Starmer’s speech this week. While Harold Macmillan might have told voters that they’d never had [...]
Nick Faldo on Trump friendship, British Masters and Ryder Cup predictions August 28, 2024 Britain’s most successful modern-day golfer Sir Nick Faldo on hosting the British Masters this week, the race for Ryder Cup places and his long-standing friendship with former US president Donald Trump. Sir Nick Faldo may be closer than most to the Oval Office but is looking forward to Europe beginning their Ryder Cup quest to [...]
Sailing’s coming home? Behind the scenes at Ineos Britannia’s bid for America’s Cup August 28, 2024 Talking to a cyclor called Shrek wasn’t top of the to-do list when City A.M. was given access to the Ineos Britannia base in Barcelona ahead of the 37th America’s Cup. The iconic sailing contest, which starts in earnest on Thursday, dates back to 1851 when it was hosted in Britain, won by our friends [...]
Why London’s wealthiest are shelling out up to £40,000 a month to rent prime property August 28, 2024 It might seem counter-productive to spend tens-of-thousands of pounds on something you won’t see any return on, but that’s exactly what’s happening in London’s super-prime lettings market at the moment. Properties can range from £5,000 per month to something closer to £40,000, with lettings more often than not arranged off-market. For wealthy families unsure if [...]