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Chemring unveils £278m contract wins at Nato supplier as demand for military gear booms
By City AM
The Hampshire-headquartered firm said its Norwegian chemicals arm, Chemring Nobel, had signed a 12-year framework agreement with the German weapons manufacturer Diehl Defence
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Impact of Budget 2024 on º£½ÇÊÓƵ's prime housing market: Experts weigh in
By City AM
Wealthy areas of London have come to rely on international property investment - but how will the Prime Minister's Budget affect the super-prime housing market?
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Howard de Walden Estate invests £52m in new Healthtech hub at Harley Street
By City AM
The Howard de Walden Estate has opened a leading Healthtech hub at Portland Place, after announcing a £52m investment in a new development centred on Hale House
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'Success isn't hidden formula', says pension app founder after raising £1.8m
Finance
Royden Greaves launched his business in 2022 and is on a mission to make it easier for people to plan for retirement
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Secure Trust Bank anticipates lower profits following motor finance industry upheaval
By City AM
The London-listed lender said that following the Financial Conduct Authority's motor finance decision, it restored vehicle finance loan collections activity to normal levels
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Selfridges faces continued financial strain with losses mounting to £400m
By City AM
The business, which has º£½ÇÊÓƵ stores in London, Birmingham and two in Manchester, passed the milestone after falling to a £41.9m loss in the year to 3 February, 2024.
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Paddington film producer Canal+ confirms London IPO date in major break up from Vivendi
By City AM
The media giant would separate from the Paris-based conglomerate and is expected to float in London on 16 December, according to a newly-published prospectus.
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£85m travel group created as Humber specialist merges with South East firm
Deals
The two companies have merged in a strategic move by majority investor John Good Group
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Singapore's Winking Studios eyes London AIM market for dual listing, expansion plans
By City AM
The company, which ranked third in Asia and fourth globally in revenue, has nine offices across Asia and collaborations with 22 of the world's top 25 game developers
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Sainsbury's continues financial services exit with £720m Argos credit card sale
By City AM
Supermarket giant Sainsbury's has offloaded its Argos credit card business as it continues to exit the financial services market in order to focus on retail
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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 (£1.3bn), beating analysts' forecasts of $1.49bn (£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 £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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£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 £100m valuation amid record sales and expansion
By City AM
The London-headquartered steakhouse chain has reported a turnover of £89.7m for 2023, up from the £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 º£½ÇÊÓƵ, which is the business behind the Wembley arena, jumped from £1m to £2m
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Mcdonald's º£½ÇÊÓƵ restaurants take huge hit as profit plummets by over £100m
By City AM
The US fast food giant has reported a pre-tax profit of £66.3m for its º£½ÇÊÓƵ operations, down from the £170.8m it achieved in 2022 - but its turnover took a big stride towards the £2bn mark
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Abercrombie & Fitch and Hollister º£½ÇÊÓƵ profits surge as sales pass the £200m mark
By City AM
The º£½ÇÊÓƵ division of the business behind Abercrombie & Fitch and Hollister has reported a pre-tax profit of £9.8 million for the 12 months to February 3, 2024, according to newly-filed accounts with Companies House
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º£½ÇÊÓƵ's largest wealth manager St James's Place to embrace crypto after fund management overhaul
By City AM
In December, the º£½ÇÊÓƵ's largest wealth manager pulled £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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