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CBD brand backed by Vernon Kay raises millions as it eyes future growth
By City AM
Goodrays, the CBD brand which is backed by the likes of Vernon Kay and Tess Daly, has raised £5 million as it looks to continue expanding in the future
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The Black British Business Awards 2025 finalists named
Black Communities
The awards champion black business leaders and entrepreneurs and their contribution to the º£½ÇÊÓƵ economy
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WPP names Microsoft exec as new CEO as shares plunge after revenue warning
By City AM
Cindy Rose will take over from Mark Read as CEO of the advertising giant in September, as WPP battles declining revenues, key account losses, and a falling share price
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Vistry profits plummet as housebuilder looks to 'transformative' government investment
By City AM
Vistry, which unseated Barratt as the º£½ÇÊÓƵ's biggest housebuilder last September, told markets that it expects adjusted operating profit to be £125m in the first half of the year
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Jupiter snaps up º£½ÇÊÓƵ's largest investment manager for non-profits in £100m swoop
By City AM
The FTSE 250 fund manager said the deal to buy CCLA will deliver at least £16m in annual recurring cost savings as it seeks to streamline support functions and incorporate CCLA's technology to reduce duplication in systems.
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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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Luton Airport boss admits strict green targets for expansion 'not going to be easy'
By City AM
Lord John Hutton, the former Labour cabinet minister charged with delivering the Luton's expansion, said the project would bring about a "new era of economic prosperity"
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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 º£½ÇÊÓƵ 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 º£½ÇÊÓƵ in a bid to boost its bottom line in the face of a 'challenging' retail market
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Housebuilders agree record £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 º£½ÇÊÓƵ 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 º£½ÇÊÓƵ is 'just not resourced up to operate at [the US] level' when it comes to cyber security
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Helping local employers build the skilled workforce of tomorrow
Apprenticeships
City of Portsmouth College connects businesses with motivated, work-ready individuals eager to grow
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Monzo fined £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 £1.2bn Bakkavor takeover offer to be investigated by º£½ÇÊÓƵ competitions watchdog
Deals
The tie-up was agreed in May and will form a combined food group with annual sales of about £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 º£½ÇÊÓƵ 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 º£½ÇÊÓƵ tax bill surges as tech giant's profit soars past £1bn
By City AM
Apple paid £303.7m in º£½ÇÊÓƵ corporation tax during the 12 months to 28 September, 2024, according to new accounts filed with Companies House - up from £188.1m a year earlier
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Survey suggests º£½ÇÊÓƵ 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 º£½ÇÊÓƵ 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 º£½ÇÊÓƵ.
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