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Clerkenwell Films reports £1.5m loss despite Baby Reindeer success on Netflix
By City AM
Clerkenwell Films has posted a pre-tax loss of £1.5m for the year to 31 March, 2025, down from a pre-tax profit of £2.7m in the prior 12 months
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Netflix º£½ÇÊÓƵ's profits soar as revenue approaches £2bn
By City AM
The streaming service's º£½ÇÊÓƵ arm reported pre-tax profits of £63m for 2024, up from the £60.6m it achieved in 2023 - the previous record
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Flutter raises profit guidance after record quarter driven by US boom
By City AM
The world's largest online sports betting operator saw revenues rise 16 per cent to $4.2bn (£3.12bn) in the three months to June 30, and earnings jumped 25 per cent to $919m
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º£½ÇÊÓƵ P&I Club expands presence with Newcastle office opening
Employment
The London based shipping insurance specialist is now recruiting into it new Quayside office
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Bank of England cuts interest rates
Bank Of England
Bank warns inflation will increase further
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Cocktail bar chain owed millions to OakNorth, HMRC before collapse
By City AM
The company has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a pre-pack administration deal
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Hiscox shares jump as firm hikes buyback despite huge wildfire losses
By City AM
Hiscox has posted a slight fall in interim profit as wildfire claims hit its reinsurance division, but the company increased capital returns on the back of substantial investment income
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Legal & General delivers solid profit growth after international expansion
By City AM
The company recorded a six per cent increase in core operating profit for the first half of 2025 after recording steady growth across all three of its business arms.
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High street bank triples profits by shifting focus to small business loans
By City AM
The bank recorded an underlying profit before tax of £45m in the six months to the end of June, up from £12.8m in the second half of 2024
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Bank of England's persistent 'groupthink' issue highlighted ahead of crucial interest rate cut
By City AM
The Bank of England's Monetary Policy Committee is expected to cut interest rates on Thursday
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Pandora hit by data breach as retailer confirms customer details were stolen
By City AM
The premium jeweller confirmed the attack on August 5, as the retail sector struggles to contain a surge in cyber attacks
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London cocktail chain Simmons enters administration after closing four sites
By City AM
The upmarket bar group, which had operated more than 20 venues across the º£½ÇÊÓƵ, has appointed advisory firm Kroll to oversee the administration, company filings show.
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BP shares jump despite profit and revenue hit in first half of 2025
By City AM
BP shares jumped on Tuesday despite the oil major recording a hit to profit and revenue in the first half of 2025 amid weaker oil prices and lower trading performance.
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Diageo faces profit plunge and high costs despite Guinness sales surge
By City AM
Sales of the iconic stout have exploded in the past two years as it has gone viral on social media. But it has not been enough to offset a broader slowdown in the FTSE 100 giant's spirits unit
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Dishoom sold to firm backed by LVMH in mega deal for popular º£½ÇÊÓƵ restaurant chain
By City AM
Dishoom has agreed a deal for an undisclosed sum with US-based L Catterton in a move which will see founders Shamil Thakrar and Kavi Thakrar dilute their stakes
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Close Brothers shares rocket as bank wins Supreme Court finance case
By City AM
Shares in the FTSE 250 lender surged over 25 per cent during early trading, hitting a high of 500p.
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McDonald's º£½ÇÊÓƵ doubles profit to £120m in 2024 despite job cuts and competition
By City AM
The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023 as it also cut 2,000 jobs
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Bank of England to cut interest rates but faces dilemma over future policy decisions
By City AM
The Bank of England is expected to cut interest rates this week, but the future of monetary policy is uncertain, according to leading economists
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Heathrow tables 'shovel ready' plans for new third runway after rival bid submitted
By City AM
The airport said it had submitted "shovel-ready" plans for a privately financed runway ahead of the Department for Transport's deadline on Thursday, which it said would clear the way for flights to take off within a decade
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Anglo American revenue takes hit as Donald Trump's trade war dents turnover
By City AM
The FTSE 100 giant, which is ramping up its focus on copper, has not been immune to the threat of US President Donald Trump's tariffs on all commodities including the red metal
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Heathrow: Billionaire launches rival bid to run airport's third runway expansion
By City AM
The Arora Group, which owns a number of hotels around the west London hub, has confirmed it will table a bid to run the £21bn project against the airport's current operators
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Shell posts 32% hit to earnings in second quarter amid volatile oil and gas prices
By City AM
The London-listed oil major recorded $4.26bn (£3.21bn) marking a 32 per cent fall from the second quarter of 2024, where the firm pocketed $6.29bn.
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Klarna secures º£½ÇÊÓƵ banking licence to take on Monzo and Revolut
By City AM
The buy now, pay later firm has been granted regulatory approval to offer savings accounts to its 11 million º£½ÇÊÓƵ customers, with a debit card on the horizon
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Santander º£½ÇÊÓƵ's strategic overhaul leads to job cuts and branch closures
By City AM
The bank said provisions for other liabilities and charges were up 74 per cent to £249m driven by "higher transformation related charges". The lender listed losses and provisions as rising 119.8 per cent to €340m (£296m)
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