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Royal Mail delivery times slashed as Ofcom relaxes rules
By City AM
From the end of July, Royal Mail will be allowed to deliver second class letters on alternate weekdays, Monday to Friday, instead of six days a week, under new rules from Ofcom.
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Page Group reports significant profit drop amid challenging 海角视频 job market conditions
By City AM
The London-listed recruiter said it still expected full-year operating profit to fall in line with current guidance of around 拢22m
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Rio Tinto's dealmaking hunt brings back memories of disastrous takeovers
By City AM
Exclusive: The mining industry is well-known for its dealmaking obsession and Rio Tinto was one of the worst offenders with a series of disastrous takeovers
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Lipton's 'misleading' posts joking about end of Peach Ice Tea banned
By City AM
Lipton Ice Tea posted a series of social media posts in March claiming that their peach flavour had been discontinued, with the Advertising Standards Authority now ruling the campaign was misleading
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Close Brothers announces strategic shift in lending, prioritising commercial insurance over personal lines
By City AM
The lender said it would start to focus on insurance products designed for businesses, which the firm said offered better risk-adjusted returns and long-term growth potential
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Hamleys closes dozens of 海角视频 stores in bid to boost bottom line
By City AM
The famous toy store, which was founded in London in 1760, has closed dozens of loss-making stores in the 海角视频 in a bid to boost its bottom line in the face of a 'challenging' retail market
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Housebuilders agree record 拢100m payments after competition probe
Housing
Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry have been investigated over allegations of sharing information
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M&S chair says 海角视频 is 'traumatised' after cyber attack and needs to 'muscle up'
By City AM
Speaking to lawmakers on Tuesday, Marks & Spencer chair Archie Norman said the 海角视频 is 'just not resourced up to operate at [the US] level' when it comes to cyber security
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Monzo fined 拢21m by City watchdog for 'repeatedly' failing in crime control
By City AM
The Financial Conduct Authority (FCA) said Monzo failed to keep pace with the growth in its customer and product base, and onboarded thousands of high risk customers
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Greencore's 拢1.2bn Bakkavor takeover offer to be investigated by 海角视频 competitions watchdog
Deals
The tie-up was agreed in May and will form a combined food group with annual sales of about 拢4bn
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Shein opts for Hong Kong IPO amid challenges with London listing over regulatory concerns
By City AM
The fast-fashion firm, which has yet to clear regulatory hurdles for its London IPO, has confidentially filed a draft prospectus to the Hong Kong Exchange
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Lloyds boss warns Labour's pension funds deal risks making 海角视频 more like China
By City AM
Chancellor Rachel Reeves secured the support of 17 pension funds ahead of the Mansion House speech, which is expected to feature reforms to pensions and investment
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Burberry shares double in value as luxury fashion brand eyes FTSE 100 return
By City AM
Burberry's shares have doubled in value in a matter of weeks as the luxury fashion brand looks to return to the FTSE 100 index in London.
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Apple 海角视频 tax bill surges as tech giant's profit soars past 拢1bn
By City AM
Apple paid 拢303.7m in 海角视频 corporation tax during the 12 months to 28 September, 2024, according to new accounts filed with Companies House - up from 拢188.1m a year earlier
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Survey suggests 海角视频 as 'most attractive' investment destination amid growing risk appetite
By City AM
City leaders have spoken about their desire to take on bigger gambles to drive returns and improve growth prospects
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More London West End streets to be pedestrianised under Crown Estate plans
By City AM
The Crown Estate and Westminster City Council have announced plans for a major pedestrianisation scheme in London's West End - including a new traffic-free space
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Bank of England considers stablecoins for wholesale markets, shifts regulatory stance
By City AM
Sasha Mills, Executive Director of Financial Market Infrastructure at the Bank of England, said the regulator was "open minded" on the use of stablecoins in wholesale markets
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Eurostar in talks to double capacity at London St Pancras to meet soaring demand
By City AM
The cross-channel operator is aiming to future proof the popular central London hub against overcrowding as it looks to tap growing demand for international rail travel.
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Currys shares rocket as retailer posts growth across divisions
By City AM
Currys' like-for-like sales growth hit two per cent, mainly driven by the 海角视频 and Ireland which grew four per cent. The business cited a "resilient" consumer environment with "softening cost inflation and interest rates starting to fall" in the 海角视频.
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Watches of Switzerland warns of price hike for luxury timepieces after US tariff
By City AM
The luxury timepiece retailer said that a number of products had already seen a price increase, with the mid-single digits so far. It comes after Donald Trump imposed a 10 per cent levy on non-US goods
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Richard Branson's Virgin Trains comeback blocked after ruling from rail regulator
By City AM
The Office of Rail and Road (ORR) on Thursday said it had rejected applications from Virgin Management and two other companies for track access rights to run services on the West Coast Main Line
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HSBC's strategic retreat from Europe continues with 拢260m sale of 海角视频 life insurance arm
By City AM
The banking group has sold its 海角视频 life protection arm to insurance firm Chesnara as part of a 拢260m deal
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All companies involved in four-day week trial decide to keep it
Employment
The latest pilot was launched last November and has been hailed a success
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British banks axe huge number of workers in bid to modernise and compete with challengers
By City AM
Total employee numbers at 海角视频 lenders fell by 5.25 per cent to 580,371 over the year, the largest drop since 2018, as the industry continues to grapple with the digital revolution
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