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Close Brothers CEO steps down after four months of medical leave
By City AM
Adrian Sainsbury has resigned as CEO of Close Brothers with immediate effect, after he took a medical leave of absence in September
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Waterstones plans major Ƶ expansion and mulls IPO as it rides high on BookTok trend
By City AM
Waterstones boss James Daunt has said he plans to open dozens more bookshops this year in the Ƶ and is considering a potential flotation in London or New York
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Trufin set for first ever full year profit as Balatro poker craze boosts finance company
By City AM
Trufin is set to announce an adjusted profit before tax 'significantly ahead of market expectations'
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HS1 Eurostar route to cut ticket prices after watchdog orders 3.8% reduction
By City AM
The Office of Rail and Road (ORR) has ordered HS1 to reduce its charges compared with its most recent plans, which will save passengers and freight trains up to £5million annually
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Car retailer Cinch's sales drop below £1bn as used vehicle prices fall
South East
For the 12 months to 31 March, 2024, Cinch posted a revenue of £932.5m, down from the £1.01bn it achieved in the prior year
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Utilita Energy owner warns of profit hit as bills rise
By City AM
Luxion Group, which owns Utilita Energy, said its resources “continue to be stretched” despite its pre-tax profit increasing from £31.2m to £43m in the year to 31 March, 2024
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RBG Holding founder calls for removal of several executives as shares drop again
By City AM
RBG Holding has two law firms under its umbrella
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London's stock market falls to 35th on global IPO rankings in 'difficult year'
By City AM
The Ƶ stock exchange saw a 53 per cent increase in the value of global follow-on fundraises in 2024, but its IPO performance fell
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Ƶ music industry at risk as government proposes AI copyright law changes, warns BPI
By City AM
The British Phonographic Industry has issued a stark warning against the Ƶ government's proposed changes to copyright law following uncertainty around how current law applies to the use of AI technology
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US law firms disrupt London legal market with aggressive hiring and high salaries
South East
Paul Weiss partner Neel Sachdev said the firm's private equity and corporate clients are 'focused on having elite legal advisers across New York and London'
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Thames Water pleads with High Court to accept £3bn restructuring plan to avoid nationalisation
By City AM
Thames Water said that more than 75% of its creditors have backed a £3bn restructuring plan in a new filing to the High Court, and cited a new report saying no creditors would be worse off as a result
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List of shops that have gone into administration in 2024
Retail & High Street
It's been another difficult year for the retail industry and it doesn't look set to get much better
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Thames Water faces backlash for allegedly using environmental funds for bonuses and dividends
By City AM
The crisis-hit utility, which serves 16m customers in the Ƶ, paid hundreds of thousands in staff bonuses and over £100m to investors as it slashed spending on reducing river pollution
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High Court backs Michael Gove's decision on 'The Slab' redevelopment
By City AM
The then Secretary of State for Levelling Up, Housing and Communities granted Mitsubishi Estate planning permission earlier this year to transform the 72 Upper Ground, the old headquarters of ITV
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Harry Potter and the Cursed Child maker remains in the red amid West End troubles
By City AM
The joint venture which produces the show across the world has reported a turnover of £41.3m for the year to 31 March, 2024, down from the £45.2m it achieved in the prior 12 months.
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London Waterloo Wetherspoons pub is so popular it's driving sales at nearby shops
By City AM
The London hub reported the most quarterly sales growth of any of the 19 stations Network Rail runs in the Ƶ, up 47 per cent year-on-year
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Shares in Serco jump as outsourcer says new business pipeline is "at its best for a decade"
By City AM
The FTSE 250 firm told markets this morning that its pipeline of new business opportunities is set to end the year at its "highest level in more than a decade"
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Wingstop smashes sales as it opens more Ƶ stores and creates thousands of jobs
By City AM
Wingstop, which is known for its buffalo wings, has reported a turnover of £84.6m for the 12 months to 31 March, 2024, new documents filed with Companies House show
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Tortoise Media acquires Observer newspaper as deal finalised
By City AM
The Observer newspaper has been sold to Tortoise Media after a deal was signed by The Scott Trust and Guardian Media Group (GMG)
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Heathrow to invest £2.3bn in airport upgrades in boost for passengers
By City AM
The capital investment will be the largest made in the Ƶ's transport infrastructure by the private sector, according to the airport, which has faced criticism for its crumbling infrastructure
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Hollywood Bowl reports record revenue as Brits flock to competitive socialising venues
By City AM
The firm, which operated 85 venues across the Ƶ and Canada, said revenue rose 7.1 per cent in the year ended 30 September 2024, from £215.1m to £230.4m.
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Johnson Matthey's largest shareholder calls for 'strategic review' amid 55% stock slump
By City AM
New York-based Standard Investments has called for a strategic review into Johnson Matthey
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Vitamin giant Vitabiotics sees sales jump towards £200m as profits swell
By City AM
The company was founded in 1971 by Kartar Lalvani and is now run by his son, Tej Lalvani, who appeared on Dragons' Den from 2017 to 2021.
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London Stock Exchange owner sells off stake in Euroclear for £455m
By City AM
The London Stock Exchange Group (LSEG) said on Thursday that it completed the divestment of its 4.92% holding in the Belgium-based firm
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