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Ocado appoints KKR's Adam Warby as new chair, accelerating leadership transition
By City AM
Ocado has announced that KKR chair Adam Warby will succeed Rick Haythornthwaite as its chairman with effect from December 1, 2023
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Standard Chartered to double down on wealth management after tripling profit
By City AM
The FTSE 100 lender, which makes almost all its money in Asia, the Middle East and Africa, reported a third-quarter pretax profit of $1.72bn (拢1.3bn), beating analysts' forecasts of $1.49bn (拢1.1bn)
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GSK maintains 2024 financial outlook despite profit plunge from Zantac lawsuit settlements
By City AM
The pharmaceutical giant reported a drop in profit due to charges related to the Zantac lawsuits but has reaffirmed guidance and said its core outlook remained unchanged.
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Virgin Media O2 divests further stake in Cornerstone Towers to Equitix for 拢186m amidst revenue dip
By City AM
The deal, which leaves the telco with just over 25 per cent of Cornerstone after selling 8.33 per cent, involves a 16.66 per cent stake in a holding company that owns half of Cornerstone.
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拢220m investment by BAE Systems set to transform Rochester site into 'state-of-the-art' facility
By City AM
The aerospace and defence firm expects the expansion to create 300 jobs over the next five years on top of the current 1,600 Rochester-based employees
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Hawksmoor steakhouse chain eyes 拢100m valuation amid record sales and expansion
By City AM
The London-headquartered steakhouse chain has reported a turnover of 拢89.7m for 2023, up from the 拢73.9m it achieved in 2022. It comes after private equity firm Graphite Capital put the chain up for sale
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Profit plunge at IG Design amid challenges, yet firm eyes second-half rebound
By City AM
IG Design, the world's biggest maker of greeting cards, has seen its profit slump in the first half of the year but says it is now cash generative and expecting a second half recovery
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London jobs market hit hard by 'frenzy of Budget speculation'
By City AM
The London jobs market is in worse shape than elsewhere in the country, with a new survey showing a marked drop in the pace of hiring by businesses in the capital
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Surge in digital rail ticket sales prompts Trainline to increase financial forecasts, shares jump 10.6%
By City AM
The British ticket seller also revised revenue guidance upwards to between 11 and 13 per cent, compared to a range of seven to 11 per cent growth before
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Fatface counts the cost of takeover by Next as fashion retailer enters the red
By City AM
Underlying pre-tax profits at Fatface slumped in the 35 weeks to 27 January, 2024 - a period shortened to align with that of its new owner, FTSE 100 giant Next
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OVO Arena Wembley doubles profit and creates over 250 jobs during latest financial year
By City AM
Newly-filed accounts for the London venue's owner show that the pre-tax profit for AEG Facilities 海角视频, which is the business behind the Wembley arena, jumped from 拢1m to 拢2m
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Mcdonald's 海角视频 restaurants take huge hit as profit plummets by over 拢100m
By City AM
The US fast food giant has reported a pre-tax profit of 拢66.3m for its 海角视频 operations, down from the 拢170.8m it achieved in 2022 - but its turnover took a big stride towards the 拢2bn mark
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Abercrombie & Fitch and Hollister 海角视频 profits surge as sales pass the 拢200m mark
By City AM
The 海角视频 division of the business behind Abercrombie & Fitch and Hollister has reported a pre-tax profit of 拢9.8 million for the 12 months to February 3, 2024, according to newly-filed accounts with Companies House
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海角视频's largest wealth manager St James's Place to embrace crypto after fund management overhaul
By City AM
In December, the 海角视频's largest wealth manager pulled 拢2bn from Jacob Rees-Mogg-founded Somerset Capital Management, causing the firm to shutter almost immediately, as the mandate had represented around two-thirds of its assets
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海角视频's CMA takes legal steps against Emma Group for deceptive online selling practices
By City AM
The Competition and Market Authority (CMA) opened an investigation into Emma Group back in 2022 over the use of online urgency claims, such as countdown clocks
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Greencoat 海角视频 Wind's asset value dips amid low power generation, continues share buybacks
By City AM
The wind farm-focused investment trust said the value of its underlying assets dipped by 0.4 per cent over the quarter
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United Parcel Service rebounds with profit and revenue growth ahead of festive season
By City AM
The global delivery service has reported positive financial results for the first time in 18 months, as it prepares for the Christmas rush
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Thames Water seeks 拢3bn in funding to address debt and enhance infrastructure
By City AM
The water company has just 拢500m in cash, and hopes the new money will extend its ability to function for at least another year
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NatWest shares surge as Q3 profits climb 26%, driven by robust lending growth
By City AM
The Big Four bank reported solid growth driven by its lending
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John Lewis launches major store makeovers as part of 拢800m beauty hall investment
John Lewis
The company has committed to inject more than 拢250 million into its stores over the next two years as part of the plan, which will pump a total of 拢800 million into the John Lewis brand over the next four years.
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Dunelm thrives with vibrant sofa sales, plans expansion into Westfield London
By City AM
The homeware retailer said its sofa range had performed especially well, with customers 'enjoying our curated and colourful ranges'
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Harry Potter magic still works for Bloomsbury as publisher forecasts exceed expectations
By City AM
In its results for the six months to 31 August, the publishing house told markets consumer revenue was up 47 per cent to 拢131.3m for the half year, up from 拢89.4m, while profit before taxation was up 91 per cent to 拢21.4m, from 拢11.2m in the previous year
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Advertising giant WPP sees revenue boost from key contracts with Amazon and Unilever
By City AM
The advertising giant reported like-for-like revenue growth of 4.1 per cent in the quarter to September 30, with a strong performance from its GroupM division
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Heathrow smashes passenger record after summer travel boom as airport hails 'excellent service'
By City AM
The figures brought the total number of passengers over the first nine months of the year to 63.1m, compared to 59.4m in 2023 a record.
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