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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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Diageo's shares rebound with a 3.6% rise in early trading, analysts upgrade ratings
By City AM
The FTSE 100 group, which is also listed on the New York Stock Exchange, has seen shares rise to 2,581p in early trading today, up 3.6 per cent
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SThree shares crash to four-year low as firm says it's been hit by 'challenging' market
By City AM
The firm's share price tumbled as much as 39% in early trading, making it the worst performer on the FTSE 250 index, with the stock trading at its lowest level in more than four years
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Currys warns of £32m Budget tax hit as it says price rises 'inevitable'
By City AM
The consumer electronics retailer said the estimated cost of recent tax policy changes could amount to as much as £32m
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Vodafone hit with £120m lawsuit by 61 franchisees across Ƶ
By City AM
The lawsuit is one of the largest of its kind in Ƶ legal history, and alleges that Vodafone breached its duty of good faith and the terms of the Franchise Agreement
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Heathrow Airport to cap off year in record style as passenger numbers soar
By City AM
The Hounslow hub said it served 6.5m passengers in November, up 6.1 per cent year-on-year, and on Wednesday forecast December would also be a record breaker. Christmas day is expected to see close to a quarter jump in passenger numbers, it added.
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Thames Water CEO defends bonuses of £770,000 for executives as firm posts £190m loss
By City AM
Chris Weston said the company had to offer staff “competitive packages” if it was to retain staff of a sufficient calibre to help turn the firm around, despite the regulator recently condemning customers being charged for what it has called “undeserved bonuses”.
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Harrods faces Christmas strike as hundreds of workers vote to walk out
By City AM
The industrial action comes amid the on-going revelations about former Harrods' owner Mohamed Al Fayed, who is accused of sexual offences against dozens of women
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Ethnic minority representation on boards stalls despite government review
People
Experts cautioned that the lack of progress could be linked to a “one and done” attitude
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Smiths News agrees deal with Mirror publisher Reach
Deals
The 200-year-old newspaper wholesaler is headquartered in Swindon in Wiltshire
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RSK Group snaps up 60-year-old construction consultancy
Deals
Kendall Kingscott has offices in the West Country, Wales and the South East of England
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WPP faces losing title as world's biggest ad agency to rivals in $30bn merger
By City AM
WPP could lose its title as the largest advertising company in the world after it emerged that US rivals Omnicom and Interpublic are in talks over a $30bn merger
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LendInvest moves closer to break-even as it eyes boost from government housebuilding plans
By City AM
The London-listed firm reported a pre-tax loss of £1.7m for the six months to 30 September, 2024, compared to a £15.7m loss during the same period last year
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City of London approves plans for new 36-storey skyscraper near Walkie Talkie tower
By City AM
The City of London Corporation's Planning and Transportation Committee has given the green light to the 36-storey tower
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Barbican Centre to undergo £191m regeneration as City of London approves funding package
By City AM
The City of London Corporation has approved a £191m funding package to repair and upgrade the Barbican, the City of London's flagship cultural and performing arts centre
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Restaurant group to open new Indian and BBQ eatery in Gloucestershire
Food and Drink
JM Socials already has 10 sites in its portfolio including Prithvi and The Mayflower
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Ƶ economic growth forecasts downgraded by CBI amid Budget pressures on firms
The Budget
The rise in national insurance contributions and the increase in national living wage have contributed to the downgrade
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