º£½ÇÊÓƵ

Load mobile navigation
PREMIUM

South East

Bank of England contacts lenders over Trump's tariffs as Reeves says 'banking system is resilient'
By City AM
The Bank of England has asked lenders about their clients' financial well-being in the aftermath of Donald Trump's tariff onslaught, while the Chancellor has said the "banking system is resilient"
Bookmark
Microsoft slashes 200 jobs in the º£½ÇÊÓƵ as sales near £10bn in 2024
By City AM
The US tech giant reduced its headcount from 5,540 to 5,337 in the year to 30 June, 2024, new accounts filed with Companies House show.
Bookmark
FTSE 100 stages tentative recovery as pound climbs from one-year lows
By City AM
The º£½ÇÊÓƵ's blue-chip FTSE 100 index opened 1.5 per cent higher this morning, recovering some of the losses recorded over the past three trading days amid the fallout of US president Donald Trump's sweeping tariffs
Bookmark
JP Morgan boss warns trade tariffs could lead to US recession and stagflation
By City AM
Jamie Dimon, who has previously been a sounding board for President Donald Trump and was tipped to serve in his cabinet, warned of the risks of the US President's trade policy
Bookmark
HSBC and Standard Chartered shares plummet as 'outsized' tariffs bite
By City AM
HSBC and Standard Chartered shares plunged on Monday as the lenders' exposure to Asian economies, which have been the hardest hit by President Donald Trump's latest tariffs, weighed on the stock price
Bookmark
Michael Kors to cut prices as sales suffer huge hit amid cost-of-living crisis
By City AM
Michael Kors, the luxury fashion brand, which is known for its high-end handbags, is to cut its prices, according to its º£½ÇÊÓƵ arm's latest financial accounts
Bookmark
Clintons returns to profit with £8m after major store closures and cutting 300 jobs
By City AM
Clintons has posted a pre-tax profit of £8m for the year to 29 June, 2024, according to new accounts filed with Companies House.
Bookmark
Fintech giant Clearbank reports first full-year results as it expands across Europe
By City AM
The digital bank, which is responsible for processing 10 per cent of all º£½ÇÊÓƵ payments, revealed its first full-year results at group level following its European expansion
Bookmark
Nvidia loses $273bn in market value as Trump tariffs bite
By City AM
The leading chip maker closed down 7.8 per cent in the wake of US president Donald Trump announcing sweeping import duties.
Bookmark
Taskmaster makers' huge payday as profits soar at production company
By City AM
The Tiverton 2 group, which owns a range of TV production companies including Avalon Entertainment, issued a dividend of £12m in October last year
Bookmark
Luton Airport expansion gets go-ahead from government despite planners' advice
By City AM
Transport Secretary Heidi Alexander has given the green light for Luton Airport to nearly double its annual capacity from 18m to 32m passengers and add a new terminal
Bookmark
B&Q parent firm's CEO sees pay slashed by almost £4m amid profit hit
By City AM
Thierry Garnier, chief executive of Kingfisher, saw his pay drop from nearly £6m in the prior year to almost £2.3m for the 12 months 31 January, 2025
Bookmark
Close Brothers stock soars past target price while HSBC, Barclays and Standard Chartered tumble
By City AM
Shares in FTSE 250 lender Close Brothers rallied on Thursday morning whilst its banking rivals HSBC, Barclays and Standard Chartered tumbled
Bookmark
FTSE 100 pharma giants GSK and Astrazeneca may have dodged Trump tariffs
By City AM
Pharmaceutical goods appear to be exempt from higher-rate tariffs introduced by President Trump in his 'Liberation Day' address on Wednesday, according to a City broker
Bookmark
Pizza Express lands £55m chunk of extra dough after refinancing deal
By City AM
The restaurant chain has negotiated a £55m par debt paydown which will see its debt position reduced to £280m
Bookmark
Wise forecasts robust growth with 21% increase in active customers and £1.4bn income
By City AM
The company said it is hosting a capital markets day and posted preliminary figures for its current financial year on Thursday
Bookmark
Electrical giant Currys upgrades profit outlook as sales outperform
By City AM
The electrical retailer has told markets that adjusted profit before tax is now expected to be around £160m, versus previous guidance of £145m to £155m
Bookmark
Food-to-go firm Greencore agrees potential £1.2bn takeover of rival Bakkavor
Deals
The deal will create a combined food group with annual sales of about £4bn
Bookmark
London Stock Exchange's IPO market is 'nothing more than a dribble'
By City AM
There have only been four IPOs on the London Stock Exchange this year, compared to 15 takeover bids, as analysts fear the market is being depleted of strong companies
Bookmark
City broker downgrades St James's Place despite strong inflows
By City AM
RBC analyst Ben Bathurst downgraded his price target on St James's Place from 1,100p to 1,050p today, after the wealth manager's stock price has fallen more than two per cent
Bookmark
New 179-bed hotel development at London's historic Custom House seeks planning approval
By City AM
The Grade I-listed building was the home of customs and trade for over 200 years and the proposed redevelopment will deliver a new public access scheme
Bookmark
Gattaca profits tumble as recruitment market remains flat
By City AM
The staffing specialist said that "permanent recruitment is subdued" as the wider recruitment market continues to face headwinds
Bookmark
Raspberry Pi's profits halved in 2024 as stock price tumbles
By City AM
The firm, which listed on the London Stock Exchange in June, said its adjusted operating profit fell 15% to $37.2m (£28.8m) in the year to 31 December, just ahead of the average of analysts' forecasts
Bookmark
Peloton suffers new º£½ÇÊÓƵ losses with company continuing to slash jobs
By City AM
The London-headquartered division has posted a pre-tac loss of £94.3 million for the 12 months to 30 June, 2024, after having also lost £115.2 million in the prior year
Bookmark
Story Saved
You can find this story in  My Bookmarks.Or by navigating to the user icon in the top right.