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Rolls-Royce's profits soar as super-rich buyers rush to personalise their motors
By City AM
Rolls-Royce Motor Cars said the rise in demand for its bespoke offering - which lets buyers tailor their car to their exact requirements - helped boost its profit in 2024
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French nuclear company to create 1,000 º£½ÇÊÓƵ jobs to support Sizewell C
Energy
The roles will be across Assystem's 10 º£½ÇÊÓƵ sites but in particular in Bristol, Blackburn, Derby, Sunderland and London
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IBM º£½ÇÊÓƵ cuts nearly 400 jobs as profits drop by a quarter amidst economic challenges
By City AM
The º£½ÇÊÓƵ arm of the US tech giant saw its headcount reduce in the 12 months from 7,309 to 6,920, new accounts filed with Companies House show
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Compass Group acquires Vermaat Groep for £1.3 billion to expand European presence
By City AM
Compass has agreed to acquire European food services business Vermaat Groep for €1.5bn (£1.3bn)
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Astrazeneca axes plans for º£½ÇÊÓƵ expansion to pump $50bn into US
By City AM
Astrazeneca said it will spend the huge sum over the next five years, including on a new manufacturing facility in Virginia, its largest-ever single manufacturing investment
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West Wales Airport bought by European drone company
Deals
Tekever is headquartered in Portugal but has º£½ÇÊÓƵ sites in Wales, Bath and Southampton
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BP names new chair after Helge Lund quits amid shareholder pressure
By City AM
The company announced plans in February to slash renewable energy investment and pivot back to oil and gas. Nearly a quarter of BP's shareholders opposed Lund's re-election at its annual general meeting in April
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MPs warn 'farcical' º£½ÇÊÓƵ water sector must be simplified as Thames Water's crisis deepens
By City AM
The Public Accounts Committee has warned that the "financial fragility" of a few large utilities had caused investors to lose confidence in regulation and the sector as a whole.
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Government plans to cut energy costs for thousands of businesses
Energy
The proposals are part of Labour's industrial strategy launched last month
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Drop off charges at º£½ÇÊÓƵ airports hits record high
Transport
A total of 11 airports have hiked their prices since last year with some now charging £1 per minute, according to the RAC
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Robert Walters' income drops amid increasing economic uncertainty
Professional Services
The group recorded a 13 per cent slump in net fee income to £72.7m as "macroeconomic uncertainty became more pronounced"
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Starling Bank considers US listing in blow to Rachel Reeves' fintech plans
By City AM
The company's finance chief has said the firm is open to a listing on the US stock market
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Thames Water slumps to £1.65bn loss as it prepares for hosepipe ban
Company Results
The utilities company has fallen from a multimillion-pound profit the year before, its annual results show
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Heathrow third runway plans see car parks costing more than Gatwick expansion
By City AM
Heathrow Airport is planning a shuttle system as part of its third runway proposals - but it's going to be incredibly expensive, with the car parks alone costing more than the entire expansion of Gatwick
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Wilkin & Sons, King Charles' jam supplier, returns to profit despite economic challenges
By City AM
Wilkin & Sons, the historic jam and marmalade maker to the King, has said the "challenging" Budget from Chancellor Rachel Reeves put a "significant strain" on its finances
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BP shares edge up despite warning of hit from lower oil and gas prices
By City AM
The oil giant said its second quarter results next month are expected to be impacted by lower oil and gas prices, although shares jumped more than two per cent in early deals on Friday
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Call for new º£½ÇÊÓƵ 'investment hub' to prevent financial services from losing global position
By City AM
A new report warns that the º£½ÇÊÓƵ risks losing its status as a leading financial centre unless it acts quickly to modernise and streamline investment services
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CBD brand backed by Vernon Kay raises millions as it eyes future growth
By City AM
Goodrays, the CBD brand which is backed by the likes of Vernon Kay and Tess Daly, has raised £5 million as it looks to continue expanding in the future
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The Black British Business Awards 2025 finalists named
Black Communities
The awards champion black business leaders and entrepreneurs and their contribution to the º£½ÇÊÓƵ economy
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WPP names Microsoft exec as new CEO as shares plunge after revenue warning
By City AM
Cindy Rose will take over from Mark Read as CEO of the advertising giant in September, as WPP battles declining revenues, key account losses, and a falling share price
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Vistry profits plummet as housebuilder looks to 'transformative' government investment
By City AM
Vistry, which unseated Barratt as the º£½ÇÊÓƵ's biggest housebuilder last September, told markets that it expects adjusted operating profit to be £125m in the first half of the year
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Jupiter snaps up º£½ÇÊÓƵ's largest investment manager for non-profits in £100m swoop
By City AM
The FTSE 250 fund manager said the deal to buy CCLA will deliver at least £16m in annual recurring cost savings as it seeks to streamline support functions and incorporate CCLA's technology to reduce duplication in systems.
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Rio Tinto's dealmaking hunt brings back memories of disastrous takeovers
By City AM
Exclusive: The mining industry is well-known for its dealmaking obsession and Rio Tinto was one of the worst offenders with a series of disastrous takeovers
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Lipton's 'misleading' posts joking about end of Peach Ice Tea banned
By City AM
Lipton Ice Tea posted a series of social media posts in March claiming that their peach flavour had been discontinued, with the Advertising Standards Authority now ruling the campaign was misleading
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