Amazon forecasts bright third quarter on resilient cloud sales and shopping trends August 4, 2023 Amazon reported sales growth and profit that beat expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside. Amazon’s Wall Street shares surged nine per cent on the news, extending its stock market value more than $120 billion in after-hours trading. On the FTSE 100 index, [...]
Exclusive: UK government partners with Kindeva in £33m inhaler technology revolution post-pandemic August 3, 2023 The UK government has joined forces with inhaler manufacturers Kindeva Drug Delivery, in a £33m injection to revolutionise inhaler technology post-pandemic. The joint investment aims to produce “eco-friendly” inhalers and create over 250 “high-skilled” jobs in the UK after the Covid-19 exposed a window of opportunity. In the March 2020 dawn of the pandemic, demand [...]
Donald Trump: Fresh charges brought against the ex president for bid to overturn the election August 2, 2023 Former US president Donald Trump has been charged by the US Justice Department for his efforts to overturn the results of the 2020 presidential election. The indictment focuses on schemes by Trump and his allies to subvert the transfer of power and keep him in office despite his loss to Joe Biden. It is the [...]
London Calling! Over two million tourists will visit this year in £674m boost to the capital August 1, 2023 London will welcome more than two million international tourists this year compared to last, bringing an additional £674m to the capital. As travel fully recovers post-pandemic, data from the London mayor’s office, shows that London was the top city in Europe for bed nights in 2022 with an increase of 131.5 per cent in 2021. [...]
BP suffers second-quarter downturn but profit still tops £2bn August 1, 2023 Weaker refining margins and falling oil and gas prices has weighed down BP's profits in the second quarter of 2023.
McDonald’s revenue growth to moderate as menu prices ease July 27, 2023 McDonald’s said on Thursday that revenue growth was expected to moderate in the second half of the year as signs of easing inflation prompt the burger giant to temper menu prices. Shares of the company were, however, up 1.5 per cent in morning trading after the burger chain posted better-than-expected quarterly profit and sales as [...]
Westfield owner reports solid earnings as shopping centres show signs of recovery July 27, 2023 The owner of London’s Westfield shopping centres today reported a 1.6 per cent bump in earnings in the first half year, with net rental income across its property portfolio reaching €1.15bn (£989bn). Unibail-Rodamco-Westfield, which is headquartered in Paris, said EBITDA rose slightly by 1.6 per cent to €1.157bn (£993m). In its shopping centre division, which [...]
The Square Mile and Me: Prospective alderman Marcus Fincham takes a stroll down memory lane July 27, 2023 We dig into the memory bank of the City’s great and good: this week, Marcus Fincham, prospective City alderman, reveals his top spots, favourite memories and career highlights. What was your first job? Working in a kennels – it was great fun feeding the dogs, but less fun cleaning up after them. What was your [...]
Beverly Hills, 9021: Oh! Checking into the Beverly Hills Hotel for its centenary year July 27, 2023 The Beverly Hills Hotel, aka The Pink Palace is still the place to be seen in Hollywood, says Siobhan Grogan. From celeb-spotting to relaxing, this is still a rare paradise at 100 years old Within a few short hours of arriving in Los Angeles, I’m sitting metres away from two of the most famous women [...]
LendInvest founder Christian Faes: Why I left London for California July 27, 2023 Fintech founder Christian Faes tells City A.M. why he's swapped London for California.