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Ithaca Energy's profits and revenue plummet amid lower production and windfall tax impact
By City AM
The firm, which in the Spring announced plans to buy all of Italian competitor Eni's North Sea assets for £754m, lowered its outlook for full-year production and reported significantly lower production numbers in the first half of the year.
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Recruitment firm Hays faces 92% profit plunge, slashes jobs in response to tough market conditions
By City AM
The company's profit before tax was down by 92 per cent to £14.7m, while profit before tax and exceptional items were down by 51 per cent to £94.7m
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British firm Serco wins major US Space Force contract for Greenland base modernisation
By City AM
The FTSE 250 firm will manage the electrical modernisation of the US Space Force's Pituffik Space Base, formerly Thule Air Base, in Greenland
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Survey indicates robust º£½ÇÊÓƵ economic outlook with potential for further interest rate cuts
By City AM
The closely watched survey of º£½ÇÊÓƵ businesses suggests that the economy will continue to grow at a steady pace in the second half of the year
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London Gatwick reports robust earnings growth, driven by expanded long-haul flight options
By City AM
The º£½ÇÊÓƵ's second largest airport reported earnings before interest, taxation, depreciation and amortisation (EBITDA) growth of 13.9 per cent to £106m over the first six months of 2024
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Fairstone announces two acquisitions and launch of new Hampshire hub
Deals
The Sunderland wealth manager has acquired firms in Epsom and Swindon
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Jamie Oliver's restaurant sales rocket after opening new flagship London diner
By City AM
The group has reported a turnover of £27m after posting a total of £23.6m for 2022, according to newly-filed accounts with Companies House.
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Fred Perry pays out £90m dividend after sales leap past £150m milestone
By City AM
The British fashion brand, founded by tennis champion Fred Perry in 1952, has issued a bumper dividend after its sales jumped above the £150m mark during its latest financial year
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Valentino's º£½ÇÊÓƵ arm sees sales jump after introducing new clothes swap campaign
By City AM
Valentino's º£½ÇÊÓƵ arm has reported a turnover of £38.9m for the year, up from £34.3m, according to newly-filed accounts with Companies House
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Pebble Beach Systems anticipates growth with strong sales pipeline despite market hurdles
By City AM
The firm, which specialises in playout, content management and IP control solutions for broadcast and media tech markets, reported a 21 per cent jump in Service Level Agreement (SLA) revenue to £3.1m, up from £2.5m the year prior.
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Waitrose to open 100 new stores in 'biggest period of expansion'
By City AM
The premium supermarket will open 100 new stores over the next three years and will focus on its 'Little Waitrose' convenience shops as it continues to invest in the brand
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London's Claridge's Hotel sees profits leap to £7.2m, buoyed by new rooms and robust recovery
By City AM
The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022
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Production company Marv Studios celebrates historic financial year, soaring to £72.7m profit
By City AM
The London-based production company is best-known for films such as Layer Cake, Stardust, Kick-Ass and the Kingsman franchise. It also made Lock, Stock and Two Smoking Barrels
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Rachel Reeves faces tough choices as º£½ÇÊÓƵ borrowing exceeds forecasts, says IFS
By City AM
The government borrowed £20.5bn last month - the highest September figure since monthly records began in 1993, and £4.7bn more than predicted by the Office for Budget Responsibility in March
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JP Morgan revises º£½ÇÊÓƵ economic growth forecast upwards following robust GDP data
By City AM
The bank now expects the economy to grow 0.4 per cent between July and September, up from a previous estimate of 0.3 per cent.
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BT shares slump after Sky strikes broadband deal with rival
By City AM
Shares in BT are down more than 5 per cent in early deals after Sky announced a broadband deal with one of the telecoms giant's biggest rivals
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Former boss of family-run Beard Construction dies
Construction
Alan Beard joined the business in 1950 at the age of 17 when the company was run by his father
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Plus500 reports robust first half with $398.2m revenue, plans $185.5m shareholder return
By City AM
The trading company has reported a 12% rise in revenue for the six months to 30 June, and says it is "strategically well positioned"
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THG opens new office in London's prestigious Square Mile
By City AM
The new office in the Square Mile, the historic financial centre of London, will bring together City A.M. and other THG brands under one roof for the first time
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JTC bolsters employer services with acquisition of Buck º£½ÇÊÓƵ from Arthur J. Gallagher & Co
By City AM
The corporate solutions firm has agreed to acquire the Buck º£½ÇÊÓƵ and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co
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º£½ÇÊÓƵ confidence in financial inclusion plummets despite economy strength
By City AM
The proportion of people who say they feel financially included in the º£½ÇÊÓƵ has fallen, a survey from Principal Financial Group shows
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Carpetright's £350m debt revealed: Inside the collapse and rescue by Tapi
By City AM
Carpetright was sold to rival Tapi in a deal worth £3.7m after the company went into administration in July with the loss of nearly 1,900 jobs and more than 270 stores
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Rolls-Royce chief's £40m payday may be justified - here's why
By City AM
Tufan Erginbilgic's £13m pay in 2023 made him the third highest paid FTSE 100 CEO, but critics would be hard pressed to find fault in the Turkish businessman's performance
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Burberry's dramatic fall: From British heritage icon to FTSE 100's worst performer in 2024
By City AM
Burberry shares have been on a downward trajectory for some time and their value has fallen 70 per cent in the past year. So, what has caused this sharp decline?
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