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Revolution Beauty reports revenue fall but plans for growth with core brand focus
By City AM
Revolution Beauty has reported another decline in revenue, although it is eyeing 2025 for a resurgence with its 'core' groups of brands
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Huel's profits triple hitting £214m in sales with celebrity backing
By City AM
The nutrition brand, which is backed by actor Idris Elba and entrepreneur Steven Bartlett, has reported record sales as a profit almost tripled during its latest financial year
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London-based Truelayer cuts a quarter of staff, loses unicorn status in new funding round
By City AM
The London-based firm axed 71 roles at the end of September a week before announcing a $50m funding round that lowered its valuation, according to two sources
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Telegraph frontrunner maintains 'high confidence' in bid despite losing backer
By City AM
Dovid Efune had been seen as a left-field bidder in the early stages of the battle for The Telegraph Media group, after Sir Paul Marshall picked off The Spectator in an individual deal worth £100m.
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Burberry reports £53m loss and halts dividend as sales drop by 20% amid strategic overhaul
By City AM
The British luxury house said it was too early to tell if second half performance would offset the loss in the first half of the year
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Tessl, a London-based AI firm, hits a $750 million valuation just nine months post-launch
By City AM
Tessl, a London-based firm founded in February, has raised $100million in a Series A venture capital round led by Index Ventures
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WH Smith's plan to become one-stop-shop for travellers pays off
By City AM
WH Smith's revenue rose seven per cent to £1.92bn in the year ended 31 August, 2024, driven by growth in travel shops plus the company's expansion into North America.
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Lloyds to end union recognition for senior staff, new forums introduced
By City AM
The FTSE 100 lender, which has around 60,000 employees, told staff in a memo last month that it had "agreed new arrangements" with the Unite and Accord unions that will take effect from January
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Just Eat Takeaway sells Grubhub for just $650m - after paying $7bn in 2021
By City AM
Just Eat has agreed to sell its US business, Grubhub, to Wonder for $650m - an astonishing 94% discount on the $7bn it paid in 2021
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South East acquisition for Merseyside recruitment firm 
North West
M C Personnel will become part of Kingdom People at Newton-le-Willows-based Kingdom Services Group
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Metro Bank hit with £16.7m fine for inadequate monitoring of £51bn worth of transactions
By City AM
The FCA said that Metro Bank had failed to adequately monitor over 60 million transactions for money laundering risks between June 2016 and December 2020
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Assos of Switzerland launches legal action against online fashion retailer Asos
By City AM
The fast-fashion giant has been accused of breaching a contract by the premium cyclewear brand, which has a 'equipment not clothing' slogan for its website
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Vodafone sees revenue growth and completes share buyback amidst market challenges
By City AM
The telecoms giant has reported a jump in operating profit today and reiterated its financial guidance for the year after a string of asset disposals
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Fortress Investment Group snaps up Curzon to bolster its global cinema and streaming portfolio
By City AM
Fortress Investment Group said it plans to support Curzon's expansion of its cinema footprint, as well as make progress on its awards and release plans
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Sedgefield tech firm Filtronic to launch new design centre at Cambridge Science Park
Engineering
The firm has announced it is adding a new engineering design centre at the Cambridge Science Park
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Chipmaker Graphcore to increase workforce by 20 per cent
Employment
The Bristol headquartered technology firm is creating roles across all its offices in the º£½ÇÊÓƵ and internationally
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Harrods staff threaten Christmas strike over bonus and working conditions amid soaring profits
By City AM
The iconic London store is facing the threat of strike action over the critical Christmas period after staff demanded a festive bonus and an inflation-busting pay rise
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Challenger stock market Aquis Exchange agrees to £194m takeover by Swiss SIX Group
By City AM
The deal from SIX, which is subject to Aquis shareholder approval, comes as the º£½ÇÊÓƵ's equity markets have been hit by a dearth of IPOs and heavy outflows from equity funds
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Heathrow Airport poised to break pre-pandemic passenger records after record-breaking October
By City AM
A total of 7.2 million passengers travelled through Heathrow last month
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Pizza Pilgrims' co-founder on growing sustainably and the 'boring' brother's plan for the future
By City AM
Thom Elliot has spent over a decade growing his and his brother's pizza empire - and he's got big plans for the future
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º£½ÇÊÓƵ tax changes to cost Serco £20m, as outsourcing giant loses key contract
By City AM
The FTSE 250 company said that the lowered threshold for national insurance contributions, as well as the increased employers' national insurance tax rate, will increase its labour costs
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Shawbrook Bank's loan and deposit books surpass £15bn amid robust demand in real estate
By City AM
The specialist bank said demand for lending had surged through the opening nine months of the year
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Rightmove forecasts strong 2025 property market as it updates 2024 guidance
By City AM
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Thames Water bondholders propose £3bn rescue plan to prevent utility firm's collapse
By City AM
Thames Water's class B bondholders have tabled a £3bn debt offer to the beleaguered firm as it scrambles to shore up its finances and avoid insolvency
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