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London Stansted Airport set to introduce contactless train ticketing in 2025 expansion
By City AM
The Department for Transport (DfT) said on Monday some 47 stations across the South East would be able to use tap-in and tap-out ticketing by February 2
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Onbuy quits Bournemouth and blames local council in scathing statement
By City AM
The technology business will now mainly operate from London and New York, with the business saying that it is "no longer a Bournemouth company"
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Superdrug sales surge in run-up to Christmas - with one particular item selling every second
By City AM
The high street retailer said it was boosted by one gift set being sold every second throughout December
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Young's declares 'great shape' after Christmas trading as company faces £11m tax hike
By City AM
Young's said it had some of its best ever trading days in the run-up to Christmas, with like-for-like sales growing 11.6 per cent in the five weeks to January 13
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Rathbones outflows slow as Investec merger moves forward
By City AM
The asset manager was hit by heightened withdrawals around the Autumn Budget in the quarter, but said it had "particularly strong discretionary inflows"
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Taylor Wimpey on track to meet profit target but warns of cost pressures
By City AM
The Buckinghamshire-based firm said total completions over the 12 months were 10,593, down from 10,848 in 2023 as it issued a trading update
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Pepco Group aims to revitalise Poundland after sales fall, with plans for operational improvements
By City AM
The discount retailer - and its owner - are facing a challenging time as sales fall
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Deliveroo shares rise as grocery partnerships drive growth for the delivery giant
By City AM
Deliveroo has said its retail and grocery partnerships drove growth in the last quarter of the year despite a still-tough trading environment.
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Former Lord Mayor appointed president of London Chamber of Commerce and Industry
By City AM
Michael Mainelli, who served as the 732nd Lord Mayor of London from 2023 to 2024, has been named president of the London Chamber of Commerce and Industry (LCCI)
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Brooks Macdonald set to transition from AIM to LSE main market in strategic growth move
By City AM
The move will enhance the asset manager's "corporate profile", as well as extend the "opportunity to own its ordinary shares to a broader group of investors"
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Housebuilder Vistry avoids fourth profit downgrade but warns of market uncertainty
By City AM
The Ƶ’s largest housebuilder by output said the outcome of the government’s spending review and a “recovery in consumer confidence” would prove pivotal in determining performance in 2025
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Pub giants shrug off crisis fears to vow a bright future despite rising wage bills
By City AM
Mitchells & Butlers and Fuller, Smith & Turner have both issued updates to the market that they are still confident in their business model despite large wage bill rises
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Fortnum & Mason vows to limit price rises despite 'challenging' outlook for London store
By City AM
The iconic retailer, which has been trading for over 300 years, said the outlook for its operating costs in 2025 remains "challenging" but is keen to limit passing on cost increases to customers
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Robert Walters anticipates breakeven in 2024 amid global recruitment challenges and job cuts
By City AM
Robert Walters said it expects to breakeven in 2024 as the firm revealed another fall in fees and further job cuts.
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JP Morgan highlights Ƶ policy strain as gilt yields soar, impacting government borrowing costs
By City AM
JP Morgan has warned that Ƶ policy credibility is "coming under pressure" amid turmoil in the gilt market and fears about slow growth
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Innocent Drinks cuts losses by nearly half, reports improved turnover for 2023
By City AM
The company's pre-tax loss reduced from £75 million in 2022 to £39 million in 2023, according to late accounts filed with Companies House
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Dow Schofield Watts hails uptick in deal volumes after the Budget as it advises on £809m worth of deals in 2024
Finance
Group says the year saw it advise on '22 significant transactions'
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Lloyds Bank to cut bonuses of senior staff who don't go into the office
By City AM
The lender is reportedly reviewing office attendance as part of its bonus targets for around 60,000 of its most senior employees
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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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