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British Airways owner IAG orders 53 new aircraft as earnings beat estimates
By City AM
The British Airways owner has announced the order of 53 new aircraft for its fleet, alongside better-than-expected first-quarter results
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Ray-Ban owner issues warning after sales fall in º£½ÇÊÓƵ
By City AM
Luxottica Group, the owner of Ray-Ban, has issued a warning over its performance this year after its º£½ÇÊÓƵ sales and profit fell in 2024
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Bank of England cuts interest rates to 4.25%
Economy
The Monetary Policy Committee voted by a majority of five to four to reduce rates
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º£½ÇÊÓƵ construction industry faces delayed recovery until late 2025, Lords reports
By City AM
Lords, one of the º£½ÇÊÓƵ's largest building materials suppliers, said it was continuing to focus on delivering efficiencies to deal with cost pressures and "an increasingly onerous regulatory environment" after it reported a downturn in demand
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Lloyd's of London appoints new CEO as John Neal successor named
By City AM
Patrick Tiernan has been appointed as the new CEO of Lloyd's of London, with current chief John Neal set to step down at the end of May
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London-based Metro Bank sees share price lift following positive Q1 financial update
By City AM
Metro Bank said profits had increased significantly in the first quarter of 2025 as the embattled lender's turnaround gathers pace
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Bank of England poised to cut interest rates as tariffs to weigh on growth
Economy
The rate is expected to be reduced from 4.5% to 4.25% on Thursday
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Office refurbishments in London hit record costs amid rising demand for high-spec workspaces
By City AM
The average high specification project in London costs £4,671 per square metre, four per cent higher than runner-up New York and eight per cent higher than third-place Zurich
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Trainline shares lose further ground despite near £6bn ticket sales
By City AM
Trainline's stock price has fallen by more than a third this year due to concerns over government plans to launch a rival state-owned service
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JD Wetherspoon continues to sell off pubs despite jump in sales
By City AM
The pub giant has sold off seven of its pubs since the start of the year, despite opening only two new ones, it said in a trading update today.
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Clipper tea owner sees profit soar to £71.6m following KP Snacks deal
By City AM
Kallo Foods, whose products also include Kallo and Mrs Crimbles, sold the brand towards the end of 2024 for a then-undisclosed sum
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Vodafone's chief financial officer Luka Mucic to quit the firm after just 18 months
By City AM
Luka Mucic will leave the FTSE 100 company "no later than" the spring of 2026, at which point he will have been chief financial officer for just over three years in total
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London prime property market remains stable despite headwinds, Savills data shows
By City AM
Sales of properties priced above £5m have remained stable in the capital, according to Savills, with 93 sold in the first quarter of the year compared to 92 in the same period of 2024.
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NatWest analysts say bank will outperform sector thanks to bumper year
By City AM
Analysts at RBC Capital Markets said the lender will 'outperform the sector' after it beat expectations in its first-quarter report
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Brighton Pier Group joins JP Jenkins after quitting AIM
By City AM
The company, which owns Brighton Palace Pier, the Lightwater Valley Family Adventure Park and a group of bars and mini-golf sites, unveiled its plans to exit AIM in early April
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Kingsmill-owner ABF confirms merger talks with rival Hovis
By City AM
Allied Bakeries owner Associated British Foods (ABF) has confirmed it is in talks with rival Hovis about a possible merger, in what would create the º£½ÇÊÓƵ's largest bread maker
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Deliveroo agrees terms of £2.9bn takeover by US rival DoorDash
By City AM
The offer of 180p per share represents a premium of 44 per cent on Deliveroo's closing share price on the day prior to the acquisition, and a 40 per cent premium on its average price for the prior three months
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Papa Johns º£½ÇÊÓƵ boss on 'difficult decisions' that saw 43 stores shut and 100s of jobs lost
By City AM
The º£½ÇÊÓƵ arm of pizza chain Papa Johns was said to be "no longer losing money" and was on track to make its first profit since 2021
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Donald Trump's 100% tariff on non-US movies could 'knock out' º£½ÇÊÓƵ film industry
Enterprise
The US president wants tariff 'on any and all movies coming into our country that are produced in foreign lands
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Bank of England set to cut interest rates as Trump's tariff impact in focus
Economy
Inflation has fallen in recent months which is likely to indicate to policymakers that interest rates can continue to come down
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Heineken to create around 1,000 jobs and reopen dozens of º£½ÇÊÓƵ pubs
Food and Drink
The brewing giant is planning to pump £40m into its Star Pubs operation
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Harrods joins M&S and Co-op as target in recent º£½ÇÊÓƵ retail cyber attacks
By City AM
Harrods has confirmed it has been targeted by cyber attackers in a fresh attack on a major retailer - the third in just a few days - amid fears of a 'coordinated campaign'
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Natwest's profit surge amid stamp duty changes and market volatility boosts shares
By City AM
The FTSE 100 bank booked a £1.8bn pre-tax profit, surpassing the £1.6bn pencilled in by analysts and shares in the lender rose over three per cent during early trading
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Standard Chartered sees profit surge amid market volatility
By City AM
Standard Chartered shares edged up after the firm smashed profit expectations in the first quarter, but warned of the upcoming impact of geopolitical tensions
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