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Zoe Hamburger exits McDonald's after 18 months in top job
By City AM
Zoe Hamburger has stepped down from her role as chief restaurant officer at the º£½ÇÊÓƵ arm of McDonald's after just 18 months in the job
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Heathrow rival bids to win third runway contract - with help from 'world's best airport'
By City AM
The man behind a rival bid to operate Heathrow Airport has secured the backing of the world's number one airport as he bids to win the contract to build the hub's third runway
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Zopa Bank takes over Rvvup as digital bank expands payments grip
By City AM
Zopa Bank has doubled its pre-tax profit in the 2024 financial year to 34.2 million
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InPost sees huge º£½ÇÊÓƵ parcel volumes and revenue surge after Yodel takeover
By City AM
InPost has reported a huge boost to º£½ÇÊÓƵ parcel volumes and revenue after its takeover of competitor Yodel earlier this year
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Sainsbury’s to use facial recognition technology in shops
Retail & High Street
The supermarket said the move is part of efforts to identify shoplifters and curb a sharp increase in retail crime
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Spotify º£½ÇÊÓƵ boosts job creation following significant workforce reductions
By City AM
The division of the Swedish audio streaming giant cut its workforce from 1,039 employees during its latest financial year, according to new accounts filed with Companies House.
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Corona brewer's º£½ÇÊÓƵ arm has lost almost £200m since last profit
By City AM
AB InBev's º£½ÇÊÓƵ arm has reported a pre-tax loss of £20.9m for its latest financial year, down significantly from the £72.1m it posted for 2023, but it has still lost almost £200m since it last made a profit
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Cazoo owner makes first profit since 2019 after rescuing collapsed brand
By City AM
Motors.co.uk, which is owned by Gumtree, acquired the Cazoo brand for £5m in June 2024
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Sweaty Betty cuts jobs in overhaul as it posts 1.5m profit
By City AM
º£½ÇÊÓƵ activewear retailer posts profit for the first time since 2021
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Wise explores º£½ÇÊÓƵ banking licence after abandoning London stock market listing
By City AM
The company has reached out to financial services heavyweights in the last two months regarding roles related to starting a banking business in the º£½ÇÊÓƵ, according to The Times.
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Canary Wharf to open Olympic-sized open-water lido in Eden Dock
Leisure & Touism
The Sea Lanes Canary Wharf will offer a natural water lido, plus saunas, a clubhouse and a restaurant.
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Rachel Reeves urged to 'copy Margaret Thatcher' with bank tax
By City AM
A 2.5 per cent tax on banks with assets of more than £100bn could raise £8bn for the Treasury
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Bolton door firm Booth Industries secures major rail contracts
Deals
The company's parent group has announced work on the HS2 and Elizabeth Line projects
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National Wealth Fund backs £500m energy storage deal
Enterprise
National Wealth Fund has teamed up with two investment firms for a 500m venture to improve the º£½ÇÊÓƵ's battery storage facilities
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London Stock Exchange gets green light to launch new trading platform
Finance
The Financial Conduct Authority has given the London Stock Exchange the green light to operate a new private stock market, clearing the path for the market's launch later this year
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Hospitality sector suffers huge job losses as costs soar
By City AM
Data shows that 89,000 hospitality jobs have been lost since the Budget last October
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Notting Hill Carnival 2025: vibrant costumes and music fill the streets of London
London
About one million people are expected to be on the streets of west London for the event
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TikTok to lay off hundreds of London staff in major AI push
By City AM
TikTok is centralising its 'trust and safety' operations globally and plans to increasingly rely on artificial intelligence to moderate content.
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Standard Chartered shares rally after US government rejects whistleblower claims
By City AM
The US government has rejected whistleblower claims against Standard Chartered that had drawn the attention of president Donald Trump
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Monzo leads with competitive rates for young savers as º£½ÇÊÓƵ banks vie for Gen Alpha market
By City AM
Monzo has made a major play to secure the next generation of savers as banking giants look to secure a grip on the Gen Alpha market.
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Moneybox's 2024 profits soar as billions flood into the fintech firm
By City AM
The investment platform's net inflows more than trebled to £5.8bn, from £1.7bn the year prior – a jump of over 241 per cent.
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Hays to cut dividend by nearly 60% as recruitment firm reports sharp drop in profit
By City AM
The London-listed recruitment firm Hays has reported a sharp drop in profit amid continued weakness in recruitment markets
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Forest e-bike operator raises prices in London, citing increased borough fees
By City AM
Forest, the e-bike operator recently licensed by Hounslow Council, has announced it is raising its "pay as you go" service fee by 50 per cent to £1.50
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Costain shares plummet as HS2 delays impact revenue, with rail services hardest hit
By City AM
The construction firm said its overall revenue fell 17.8% to £525m for the first six months of the year, of which revenue for its rail infrastructure services slumped 23.3% to £185m
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