Poundland owner Pepco to accelerate plan for new stores as profit booms December 13, 2022 Poundland owner Pepco will accelerate its store rollout strategy as it looks to entice cash-strapped shoppers, after posting elevated profit. The discount retailer said it was taking an increased focus on new stores in Western Europe and a refit programme in Central and Eastern Europe. Pepco was upping its annual capex spend to between €350m [...]
Octopus’ deal for Bulb could breach EU state aid rules, argues Centrica December 12, 2022 The sale of Bulb Energy to Octopus Energy could breach EU state aid rules in Northern Ireland, argued Centrica.
Key Laporte-Altrad court decision could send rugby into a pit of chaos December 12, 2022 The world order of rugby could descend into a pit of chaos should World Rugby vice-chairman Bernard Laporte and Top14 club Montpellier’s billionaire owner Mohed Altrad – as well as three others – be convicted of bribery and bribery-related charges in the French courts tomorrow. Rose-Marie Hunault, the president of the 32nd courtroom, is due [...]
EU to push for greater sanctions compliance with new special envoy December 12, 2022 The EU is set to put one of its top civil servants to the task of pushing for greater compliance with sanctions against Russia, in third-countries including Turkey, Serbia, and the United Arab Emirates (UAE). David O’Sullivan, the bloc’s former ambassador to the US, is set to take up a new role in January, in [...]
Fever-Tree names new chair to head tonic water titan December 12, 2022 Fever-Tree has appointed Domenic De Lorenzo to chair the tonic water giant. De Lorenzo, will step into the role after the London-listed beverage maker’s annual general meeting in May 2023. He is set to take up the reins from Bill Ronald, who was appointed as chair in 2013 and oversaw the company’s stock market listing [...]
Our secret services need to learn how to come out into the open to succeed December 12, 2022 We know very little about our intelligence agencies. Secrecy has long been the British way: Harold Macmillan summed the attitude up when, in 1963, he was asked in the House of Commons about Kim Philby’s defection to Moscow. The old actor-manager replied wearily, “It is dangerous and bad for our general national interest to discuss [...]
City braces for final economic figures before Christmas break December 11, 2022 The City is bracing for a string of big economic announcements in what will be the final busy week of news before the Christmas break. Tomorrow, fresh gross domestic product (GDP) figures from the Office for National Statistics (ONS) are expected to show the UK economy recovered in October. But, the 0.4 per cent growth [...]
You can still reach the Qatar World Cup final. Here’s how December 8, 2022 It may be coming home in nine days’ time, but what if you want to be anywhere but home when England lift the World Cup in Doha next Sunday? City A.M. got the travel magazines out and scoured the web to see just whether it was still possible to get to Qatar. Where in the [...]
The Christmas gift guide 2022, by City A.M. December 8, 2022 Ho, ho, hold up on shopping for Christmas presents on the freezing cold streets of London… we present you with the City A.M. Christmas Gift Guide. Do your shopping online and find some seriously thoughtful presents in our guide, which is broken down into ten categories so there’s something for every type of gift receiver [...]
On the Beach’s boss to step down as group returns to black for first time December 8, 2022 On the Beach’s boss Simon Cooper is set to step down just as the group returns to profit for the first time since the pandemic hit. Cooper, who founded the beach holiday retailer in 2004, will leave within the next year and will be replaced by the firm’s current chief financial officer Shaun Morton. The [...]