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Rick Stein group records higher losses for 2024 amid falling sales and job cuts
By City AM
Figures show that the group's three companies each recorded a lower turnover and widening pre-tax losses for 2024 compared to 2023
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Revolut to invest 3bn in the º£½ÇÊÓƵ and create 1,000 jobs in major vote of confidence
By City AM
The digital bank said it would pump 3bn into the º£½ÇÊÓƵ and create 1,000 highly-skilled jobs over the next five years.
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Amazon to close all 19 Fresh stores in º£½ÇÊÓƵ - full list of locations
By City AM
The tech giant will convert up to five of the Fresh locations into Whole Foods Market stores, a US organic food chain it acquired in 2017, but the remaining 14 will be shut down
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NBCUniversal International recovers from record £96m loss to return to profit
By City AM
The division of the US-headquartered group has posted a pre-tax profit of £1.9m for 2024, new accounts filed with Companies House have confirmed.
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Zilch secures £30m loan from US Bank to fuel expansion, plans major growth announcement
By City AM
The London-based fintech has agreed the £30m facility with New York-based US Bank, according to documents filed with Companies House.
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Tate & Lyle shares fall after Morgan Stanley cuts stock rating and lowers price target
By City AM
Morgan Stanley has downgraded the stock to "underweight", citing increased risk to Tate & Lyle's mid-term targets after Tyson Foods said it would remove sucralose from US-branded products
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British tax fears soar as watchdog launches deregulation push
By City AM
The PRA has outlined plans to slash regulation across the banking sector in a bid to cut red tape
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Gatwick second runway approved by government despite º£½ÇÊÓƵ economic downturn
By City AM
In a major win for Gatwick Airport, the government has approved the 2.2 billion second runway plan, which is expected to create thousands of jobs and boost the economy
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Reddit º£½ÇÊÓƵ revenue triples to £96.7m as profits jump to £4.8m in 2024
Enterprise
Reddit º£½ÇÊÓƵ has posted a revenue of 96.7m for 2024, new accounts filed with Companies House show
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Heinz º£½ÇÊÓƵ profit rockets despite ketchup and baked beans battles
By City AM
The London-headquartered division of the US giant has reported a pre-tax profit of £191.9m for 2024, according to new accounts filed with Companies House.
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Lavazza battles 'intense pressure' on supply chain as profits double amid price rises
By City AM
The Uxbridge-headquartered division has posted a pre-tax profit of £3.2m for 2024, up from the £1.5m it achieved in 2023.
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Spire Healthcare explores strategic sale options following shareholder pressure
By City AM
The hospital operator said it has appointed Rothschild & Co as lead financial adviser to support the review
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Investec outlook in line with expectations despite 'challenging' market backdrop
By City AM
Investec said it is on track to meet full-year expectations, as it battles a "challenging macroeconomic backdrop and market volatility" during the first half of its financial year
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Asda-owned Leon slashes hundreds of jobs as work from home trend bites
By City AM
The firm, which was co-founded by Henry Dimbleby, son of veteran BBC broadcaster David Dimbleby, said it had reduced its headcount by 17% in 2024 - but did not disclose the number of roles cut
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Octopus Energy spins off Kraken as it looks to 'accelerate the energy transition'
By City AM
The group said the move is aimed at "speeding up the platform's expansion across the globe" and allowing Kraken to "fast-track investments into its technology, expand into new energy markets and regions, and drive innovation"
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City of London unveils £600m Justice Hub with 18 courtrooms at Salisbury Square
By City AM
The City of London Corporation is topping out the new flagship building, which features 18 courtrooms and will serve as the new headquarters for the City of London Police
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Inflation hits 3.8% as tax hikes see food price spike - and it's set to get worse
By City AM
The previous reading for inflation in July was 3.8 per cent, with the August figure likely to confirm Bank of England rate-setters will vote to hold interest rates at its next decision on Thursday.
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PwC º£½ÇÊÓƵ sees slight profit increase amid strategic headcount reductions and tech investments
By City AM
The Big Four firm has reported a slight increase in revenue, profits, and profit per partner for the year ended 30 June 2025, largely due to headcount cuts
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Temu º£½ÇÊÓƵ's revenue and profits soar as legal battle with Shein approaches
By City AM
The results for Temu's º£½ÇÊÓƵ arm come ahead of a trial at London's High Court between the company and online fast-fashion giant Shein due to start in 2026
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GSK to invest $30bn in US over next five years in fresh blow to º£½ÇÊÓƵ's pharma sector
By City AM
The London-based business said the capital would be deployed over the next five years and would create hundreds of high-skilled American jobs in areas such as AI and advanced digital technologies
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Nvidia to invest £11bn in º£½ÇÊÓƵ AI with Europe's largest GPU cluster by 2026
By City AM
The investment, unveiled late on Tuesday and timed to coincide with President Donald Trump's state visit to the º£½ÇÊÓƵ, is set to strengthen Britain's position in the global AI arms race.
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London-based luxury gym club sees profits double after surge in membership
By City AM
The London-based luxury gym club, which operates more than a dozen sites across the capital, posted a 115 per cent rise in pre-tax profit to £11.1m in 2024, accounts published to Companies House show
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Sky to axe 900 jobs in º£½ÇÊÓƵ as broadcaster shifts focus to take on US streaming giants
By City AM
The broadcaster, which is owned by Comcast, is set to cut around 900 jobs in the º£½ÇÊÓƵ as it shifts its focus from new product launches to enhancing existing services and competing with US streaming giants
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Unite and Empiric's student housing deal facing review by º£½ÇÊÓƵ watchdog
Deals
Britain's largest provider of student accommodation has proposed a takeover of a London-based rival worth more than £700m
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