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Hobbycraft to shut nine stores and axe up to 126 jobs
Retail
The restructure will also result in redundancies at its Bournemouth head office and distribution centre in Burton-on-Trent
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Wilkinson Sword turns a profit after pandemic losses
By City AM
The High Wycombe-headquartered business reported a pre-tax profit of £7.2m for the 12 months to September
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Hargreaves Lansdown co-founder to rejoin board after £5.4bn takeover
By City AM
Peter Hargreaves, who helped set up the investment site in 1981 and stepped down as a director a decade ago, is set to rejoin the board in a non-executive role
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DHL halts large shipments to US after customs changes cause delays
By City AM
The parcel delivery firm said all shipments to the US worth more than $800 will be temporarily halted from April 21 in response to new regulations for trade
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How Rising Ballers turned Instagram page into business with Phil Foden and Nike
By City AM
Rising Ballers has become a major player in the social media and content world by showcasing the football stars of the future - and it all started with an Instagram page
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Gatwick, Stansted and Manchester worst for delays among º£½ÇÊÓƵ airports
Transport
The average delay for flights last year was 18 minutes and 24 seconds
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Man Group sees $5.6bn withdrawn in just two weeks as hedge fund suffers 'brutal losses'
By City AM
Hedge fund Man Group saw its assets under management drop by $5.6bn (£4.2bn) in just two weeks during April as the firm saw "brutal losses" impact its financials
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º£½ÇÊÓƵ fintech Wise could lose out if US-China trade war escalates, analysts warn
By City AM
The º£½ÇÊÓƵ fintech pocketed £350m in underlying income for the fourth quarter – a 13 per cent jump year-on-year
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AA reports profits boost as it marks 'breakout year' since private equity takeover
By City AM
The breakdown giant said it has helped with 3.5m breakdowns in 2025
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Bunzl shares plunge after FTSE 100 giant slashes 2025 forecast
By City AM
The distribution titan said revenue grew just 2.6% at constant currency, but adjusted operating profit dropped significantly year on year – driven by a squeeze on margins in both North America and Continental Europe
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Allica Bank profits soar as fintech chief eyes unicorn status for 'super clear' SME focus
By City AM
The fintech has grown at an unprecedented rate since its launch in 2020 and has amassed a host of accolades for its rapid expansion - but the CEO says the 'products are not more than half done'
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Mitie Group warns of £50m NIC hit as it unveils share buyback
By City AM
The outsourcing group, which provides a range of services from cleaning to security, said the NICs increase will lead to a one-off hit to its retained earnings of around £50m in 2024
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Trainline poised for continued º£½ÇÊÓƵ market growth, UBS analysis suggests amid competition fears
By City AM
Shares in the ticketing platform have fallen 32% this year amid concerns about the impact of the government's proposed national rail ticketing platform
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De La Rue shares skyrocket 17% after it agrees to £263m takeover deal
By City AM
The board of De La Rue has agreed to a 130p a share offer from US private equity giant Atlas Holdings, sending the banknote printer's share price up 17 per cent
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Tate & Lyle forecast to report four per cent profit rise despite revenue drop
By City AM
The FTSE 250 sweetener producer said performance had been in line with expectations in its business over the last year, with cash conversion exceeding 75 per cent
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º£½ÇÊÓƵ entrepreneurs pack their bags as soaring costs and red tape force them to flee
By City AM
Nearly two in five owners of small and medium-sized firms have either left the º£½ÇÊÓƵ or are considering an imminent departure according to fresh data
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City analysts downgrade luxury stocks as impact of Trump tariffs filter through
By City AM
Deutsche Bank has downgraded the share price for luxury companies Richemont, LVMH, Moncler and Kering, as the impact of Trump's tariffs starts to filter through
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Former Bank of England policymaker says 'hold' rates at 4.5 per cent in May
By City AM
Jonathan Haskel, a former member of the Bank of England's Monetary Policy Committee, has said rates should be kept on hold - despite deflationary effects from Donald Trump's tariffs
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Tesco, M&S and Sainsbury's shares drop amid FTSE 100 rally after 'trolley wars' warning
By City AM
Tesco, Marks and Spencer, and Sainsbury's were all among the top fallers on the FTSE 100 this morning as investors fled the grocery sector
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Barclays shares explode higher as FTSE 100 rebounds after Trump roll back
By City AM
Barclays shares have rocketed in early trading after the º£½ÇÊÓƵ bank was battered by the escalating US-China trade war last week. The FTSE 100 firm was the biggest riser on the blue-chip index
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Saga reports surge in profits as demand for cruises among over-50s soars
By City AM
The company told markets this morning that underlying profit before tax for the year ended January 31 was £47.8m, up 25 per cent year on year.
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New Universal theme park set to open in º£½ÇÊÓƵ after major announcement
By City AM
The US entertainment giant has received the backing of the government and the local council for the project which will see a theme park and resort constructed in Bedford.
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Avanti West Coast owner to launch £856m Eurostar rival with one key difference
By City AM
FS Italiane Group, which co-owns Avanti West Coast, has confirmed plans to launch a high-speed rail service between London and Paris by 2029
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Revolut hit with £3m fine by Bank of Lithuania for anti-money laundering control failures
By City AM
The neobank was blasted for "violations and shortcomings in the monitoring of business relationships and [transactions]" by the Bank of Lithuania
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