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New route to Cornwall Airport Newquay taking off in April
Transport
Eastern Airways is launching daily flights to Newquay from the South East of England
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London Stansted reports 'busiest year ever' as expansion plans get green light
By City AM
The airport to the North East of London welcomed 29.8m passengers in 2024, a 5.8 per cent increase on the previous record of 28.1m in 2019
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Heathrow Airport sets new passenger record after bumper Christmas 2024
By City AM
A bumper Christmas helped Heathrow Airport notch a record number of passengers in 2024, but the airport is already setting its sights on fresh heights for 2025.
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Former Wales First Minister Carwyn Jones takes job with City of London PR firm
By City AM
Carwyn Jones, who served as First Minister of Wales from 2009 to 2018, has been hired by NorthPoint Strategy as a senior counsel just months after being appointed to the House of Lords
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More than 400 jobs lost as metalwork operation collapses only months after rescue
Insolvency and Administration
Fuel tank maker Fablink was bought out of administration only three months ago but its new owner has now also collapsed
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Tesco's bumper Christmas trading is reflect in supermarket's share price
By City AM
Tesco said it slugged 4.7% higher in the six weeks to January 4, with a "particularly strong contribution" from fresh food, more than double the market average of 2.1%.
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Unite reports 'strong demand' amid student housing shortage
Unite
Britain's largest student accommodation provider has reported a solid end to the financial year
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Hornby reports surge in Christmas sales under Mike Ashley's advisory role
By City AM
The international models and collectables group, which is advised by Mike Ashley, said it had seen a seven per cent rise in group sales for the third quarter ended 31 December.
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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 海角视频 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 海角视频 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 拢5million annually
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Car retailer Cinch's sales drop below 拢1bn as used vehicle prices fall
South East
For the 12 months to 31 March, 2024, Cinch posted a revenue of 拢932.5m, down from the 拢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 鈥渃ontinue to be stretched鈥 despite its pre-tax profit increasing from 拢31.2m to 拢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 海角视频 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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海角视频 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 海角视频 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 拢3bn restructuring plan to avoid nationalisation
By City AM
Thames Water said that more than 75% of its creditors have backed a 拢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 海角视频, paid hundreds of thousands in staff bonuses and over 拢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 拢41.3m for the year to 31 March, 2024, down from the 拢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 海角视频, up 47 per cent year-on-year
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