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Jollyes continues to sink into the red despite sales surge as it takes on Pets at Home
By City AM
The company has posted a pre-tax loss of £13.3m for the year to 26 May, 2024, after having also made a £5.3m loss in the prior 12 months.
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Mirror owner Reach plc beats profit forecasts and celebrates online growth
London
BusinessLive parent says print performance also beat market trends
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Close Brothers finalises sale of asset management division to Oaktree
By City AM
The banking group has offloaded Close Brothers Asset Management (CBAM) to global investment management firm Oaktree Capital Management in a bid to strengthen its balance sheet
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GB News suffers huge loss despite doubling revenue and growing audience
By City AM
The TV channel, whose well-known presenters include Reform º£½ÇÊÓƵ leader Nigel Farage, fell to a pre-tax loss of £33.4m in the year to 31 May, 2024
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Sadiq Khan asks for ideas on pedestrianising Oxford Street to 'create world's best shopping avenue'
By City AM
The Mayor of London is asking the public for their ideas on pedestrianising Oxford Street in a bid to transform the iconic shopping district into a "world-class, accessible, clean, avenue"
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London Stock Exchange Group smashes expectations with strong growth and bold 2025 outlook
By City AM
The firm's total income, excluding recoveries, grew by 7.7 per cent in 2024, with broad growth across divisions.
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Rolls-Royce shares skyrocket as iconic company brings back dividends
By City AM
The FTSE 100 engineering giant on Thursday proposed a 6p per share dividend for investors in what marks its first payout since before the pandemic
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Metro Bank sells off £584m personal loan book as it switches to specialist lending
By City AM
Metro Bank today confirmed it will sell its £584m portfolio of unsecured personal loans as the lender moves its focus to specialist lending
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Hikma Pharmaceuticals' revenue grows nine per cent to £2.47bn as profit booms
By City AM
The pharmaceutical company said the bulk of its growth came from its North American arm as well as recent product launches
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London Heathrow announces first dividend since pandemic following ownership change
By City AM
The London airport has agreed to pay its new owners a £250m dividend in the coming weeks, the first since before the pandemic
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Fintech unicorn Zopa to double office space as it launches in Canary Wharf
By City AM
The British digital bank, which was founded in 2020, said the move comes as it prepares to publicly launch its flagship current account and a GenAI proposition that aims to "bring humanity and warmth into banking"
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Gatwick expansion 'rationale not impacted by Heathrow third runway' aviation regulator says
By City AM
The Civil Aviation Authority (CAA) has put its weight behind Gatwick Airport's proposals for a second runway
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Boss of South West Water owner has 'regret' for pollution incidents
South West
Susan Davy, chief executive of Pennon Group, made the comments to a group of MPs
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Standard Chartered shares jump as bank unveils profit, dividend hike and overhaul
By City AM
Standard Chartered shares jumped over four per cent Friday morning after the lender posted its full-year results.
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St Pancras owner eyes new services to Italy and Germany as it lures in Eurostar rivals
By City AM
London St Pancras High Speed and Eurotunnel are set to almost triple passenger capacity and launch new routes
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Octopus Energy's new green investment platform sells out in a week amid high demand
By City AM
The Collective lets investors directly buy shares of listed green projects like wind and solar farms, investing anywhere between £25 to £20,000.
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Burberry set to re-enter FTSE 100 in major milestone after share price doubles
By City AM
The luxury brand fell out of the FTSE 100 in its September quarterly reshuffle last year after its share price dropped nearly 75 per cent in 16 months
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Wetherspoons boss warns prices 'certain to rise' following national insurance hike
Food and Drink
Sir Tim Martin has criticised "modern politicians" as businesses prepare for tax increases
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Vitality reports £168k loss despite revenue boost to nearly £1bn in 2024
By City AM
The health and life insurer has posted a loss before income tax of £168,000 for the 12 months to 30 June, 2024, after having achieved a profit of £37.9m in the prior year.
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BAE Systems forecasts more than £30bn in sales in 2025
By City AM
The defence giant said it expects sales to increase by seven to nine per cent on an annual total of £28.3bn in 2024
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Thames Water's rescue plan approved by High Court - saving it from temporary nationalisation
By City AM
The º£½ÇÊÓƵ's biggest water supplier had been set to run out of money by 24 March without a £3bn loan from its creditors, amid debts of more than £19bn
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Ann Summers reports £13.1m loss amid inflation and Google search challenges
By City AM
The lingerie and sex toy retailer's turnover has also taken a hit, newly-filed accounts show
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Anglo American presses ahead with demerger of platinum business
By City AM
The mining giant said it would seek shareholder approval at its 30 April annual general meeting for the split
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London small businesses hit record low confidence, FSB report reveals
By City AM
According to a new report by the Federation of Small Businesses (FSB), London small firms' confidence levels fell to 62.6 in the fourth quarter of 2024
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