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South East

High street shops that have disappeared from the º£½ÇÊÓƵ
Retail & High Street
Brands such as Woolworths and Blockbuster - popular in the 1980s and 1990s - have been consigned to history
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Taylor Swift's Wembley concerts generate £300m for London, MP proposes top city honour
By City AM
Taylor Swift's record-breaking Eras Tour has given a huge boost to London's economy, with an estimated £300m spent in the capital during her two shows at Wembley Stadium
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Beavertown Brewery introduces 'friendship-building' stools in London pubs to ease social anxiety
By City AM
Beavertown Brewery has placed distinctive bright blue stools in pubs across the capital in a bid to encourage patrons to meet new people in a relaxed environment
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TikTok and Prince's Trust to host market at Battersea Power Station for black-owned businesses
Black Communities
The companies involved in the Black Pound Marketplace have been set up with support from the trust’s enterprise programme
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Shein faces scrutiny over child labour cases ahead of potential London Stock Exchange float
By City AM
The revelation will likely fuel concerns in the City ahead of a potential blockbuster float on the London Stock Exchange, after the China-founded retailer admitted it found two cases of child labour in its supply chain last year
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Ofwat starts search for independent 'monitor' to oversee Thames Water
By City AM
The new appointment is part of a string of new measures that Thames has signed up to in order to avoid a hefty fine for breaching its licence conditions
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Farnborough Airshow boosts º£½ÇÊÓƵ airline orders to a 2024 high amid supply chain woes
By City AM
The number of aircrafts being ordered by º£½ÇÊÓƵ airlines hit its highest monthly figure in July as a slew of deals at the Farnborough Airshow helped the industry weather wider supply chain issues
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Hiscox makes decision following Jonathan Bloomer's death in Italy yacht tragedy
By City AM
Jonathan Bloomer was on the yacht that sank off the coast of Sicily in the early hours of Monday morning - the former Prudential boss was also the chair of Hiscox
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Ted Baker seller Baird Group in the red after strategic overhaul, closing stores and cutting jobs
By City AM
Baird Group, which sells Ted Baker clothes in the º£½ÇÊÓƵ, went into the red as it closed stores, cut jobs and refocused on its Suit Direct brand
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CMA issues warnings to Barclays and Santander º£½ÇÊÓƵ for breaches in data sharing
By City AM
The Competition and Markets Authority (CMA) has reprimanded Barclays and Santander º£½ÇÊÓƵ for breaking the rules on data sharing and open banking
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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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