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Everyman shares rise after luxury cinema chain reports profit growth
By City AM
Everyman, which has 48 venues across the º£½ÇÊÓƵ, said this morning that revenue in the first half of 2025 rose 21% to £56.5m
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Shell's profits to suffer due to price volatility and weak chemical demand
By City AM
The FTSE 100 energy giant is set to report lower profits for the three months to June 30 as it continues to battle volatile oil prices and weak demand for chemicals
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Wood Group likely to agree takeover by Middle Eastern firm Sidara
By City AM
The new wave of interest from abroad in snapping up º£½ÇÊÓƵ assets has continued, with engineering and consulting firm Wood Group likely to recommend a takeover by Middle East-based Sidara
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Hovis and Kingsmill breadmakers set for historic £75m merger after months of talks
By City AM
Allied Bakeries, which owns Kingsmill, and Hovis could benefit from up to £50m of annual cost savings from a merger, with the former's parent company, Associated British Foods, set to acquire the latter for £75m
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Christian Dior º£½ÇÊÓƵ sales fall despite demand for watches and jewellery
By City AM
The luxury fashion brand's London-based division has seen its revenue and pre-tax profit decline, despite an uptick in demand for its watches and jewellery.
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London sushi chain Wasabi sheds over 100 jobs as profits slump
By City AM
Wasabi - which has 33 locations in London - has reported a pre-tax profit of £2.2m for 2024, according to new accounts filed with Companies House
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Wayfair slashes º£½ÇÊÓƵ workforce by 52% in two years as online sales take a hit
By City AM
The US homewares and furniture seller's º£½ÇÊÓƵ operation had a headcount of 405 at the end of 2024, compared to 587 in 2023 and 847 in 2022, it has been revealed
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Christie's London showroom rebounds with £919.4m in sales for 2024, led by modern art
By City AM
Christie's posted a 12 per cent rise in sales for the year to December 31 2024 after its º£½ÇÊÓƵ arm reported a 21 per cent slump in sales in 2023, with turnover down by 10 per cent
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Rightmove profits rise as estate agents upgrade marketing packages
By City AM
The FTSE 100 property firm posted a 10 per cent rise in revenue and operating profit in the first half of 2025 as more estate agents upgraded marketing packages amid renewed market activity
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England's Premiership rugby clubs' finances revealed as sport faces stark warning over future
Business of Sport
Business Live analysis of Companies House data found every single side in the league in the red in the last financial year
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Reckitt Benckiser upgrades revenue outlook after 'strong' first half
By City AM
The consumer goods giant said it had a "strong first half performance" after implementing a "significant simplification drive" last year - and said there was "much work to do"
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Clifford Chance's profit soars to £944m, partners earn £2.1m each
By City AM
The 36% increase in profit, up from £693m in the 2022/23 financial year, is the third consecutive year of growth for the London-based firm
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VodafoneThree merger boosts º£½ÇÊÓƵ operations with significant revenue growth
By City AM
The deal has created the º£½ÇÊÓƵ's largest mobile operator and delivered a double-digit boost to local revenues in the first quarter
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Swatch relocates London HQ to Canary Wharf, embracing new office trends
By City AM
The watches and jewellery manufacturer has signed a five-year lease for 9,500 sq ft at the Sierra Quebec Bravo building in Canary Wharf, relocating from Dockside Road
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BT Group reports 10% profit drop but remains optimistic about achieving annual targets
By City AM
In a trading update for the three months to 30 June, the FTSE 100 company informed shareholders its reported profit before tax was down 10 per cent to £468m
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ITV beats expectations with streaming and Studios boost despite profits dip
By City AM
The FTSE 250 broadcaster reported a 31 per cent drop in group adjusted EBITA (earnings before interest, taxes, depreciation, and amortisation) to £146m for the six months to 30 June, and a three per cent fall in total revenue to £1.85bn
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Lloyds Bank reports strong growth in first half of year as º£½ÇÊÓƵ economic conditions improve
By City AM
The FTSE 100-listed bank saw a 4 per cent year-on-year increase in statutory profit after tax to £2.5bn, with underlying profit of £3.6bn
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JD Wetherspoon sales soar past pre-pandemic levels for first time in years
By City AM
Sales at the pub group are up 5.1 per cent in the year to date, according to a trading update from the company this morning, putting growth at the chain above the industry average
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OpenAI's º£½ÇÊÓƵ earnings surge as AI firm lands Government deal
By City AM
The º£½ÇÊÓƵ arm of OpenAI, the US tech giant behind the ChatGPT artificial intelligence (AI) service, saw its earnings surge in 2024
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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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