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Maserati º£½ÇÊÓƵ sales continue to accelerate as profits almost double in four years
By City AM
The latest accounts filed with Companies House show that pre-tax profit at the º£½ÇÊÓƵ arm of Maserati rose to £326,000 in 2024, up from the £321,000 it posted in 2023
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Cocktail bar chain owed millions to OakNorth, HMRC before collapse
By City AM
The company has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a pre-pack administration deal
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Legal & General delivers solid profit growth after international expansion
By City AM
The company recorded a six per cent increase in core operating profit for the first half of 2025 after recording steady growth across all three of its business arms.
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Y-Combinator-backed Supplant seeks rescue buyer after entering administration
By City AM
Supplant, which uses sugars made from fibre in confectionery items, has been put up for sale after being plunged into administration
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Ordnance Survey revenue hits another record but earnings slip
By City AM
The company said its revenue growth was boosted by a growing demand for its data, particularly in the financial services sector
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London cocktail chain Simmons enters administration after closing four sites
By City AM
The upmarket bar group, which had operated more than 20 venues across the º£½ÇÊÓƵ, has appointed advisory firm Kroll to oversee the administration, company filings show.
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BP shares jump despite profit and revenue hit in first half of 2025
By City AM
BP shares jumped on Tuesday despite the oil major recording a hit to profit and revenue in the first half of 2025 amid weaker oil prices and lower trading performance.
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Diageo faces profit plunge and high costs despite Guinness sales surge
By City AM
Sales of the iconic stout have exploded in the past two years as it has gone viral on social media. But it has not been enough to offset a broader slowdown in the FTSE 100 giant's spirits unit
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Domino's misses new store targets due to franchisees' wage pressure struggles
By City AM
The pizza delivery chain saw just 11 new stores open in the six months to June 29, with full-year openings now expected to be in the mid-twenties as franchisees become more "cautious"
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Dishoom sold to firm backed by LVMH in mega deal for popular º£½ÇÊÓƵ restaurant chain
By City AM
Dishoom has agreed a deal for an undisclosed sum with US-based L Catterton in a move which will see founders Shamil Thakrar and Kavi Thakrar dilute their stakes
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Close Brothers shares rocket as bank wins Supreme Court finance case
By City AM
Shares in the FTSE 250 lender surged over 25 per cent during early trading, hitting a high of 500p.
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McDonald's º£½ÇÊÓƵ doubles profit to £120m in 2024 despite job cuts and competition
By City AM
The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023 as it also cut 2,000 jobs
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Papa John's shuts 70 º£½ÇÊÓƵ stores amid ongoing financial struggles
By City AM
The º£½ÇÊÓƵ arm of the US pizza giant has reported a pre-tax loss of £21.8m for its latest financial year, having also lost £19.2m in 2023 as it closed 74 stores and opened only seven
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Bank of England to cut interest rates but faces dilemma over future policy decisions
By City AM
The Bank of England is expected to cut interest rates this week, but the future of monetary policy is uncertain, according to leading economists
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Charlotte Tilbury creates 150 jobs as profits soar in latest financial year
By City AM
The business was founded in 2013 by Charlotte Tilbury who serves as its chair
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Heathrow tables 'shovel ready' plans for new third runway after rival bid submitted
By City AM
The airport said it had submitted "shovel-ready" plans for a privately financed runway ahead of the Department for Transport's deadline on Thursday, which it said would clear the way for flights to take off within a decade
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FTSE 250 firm Just Group agrees to be bought by Canadian asset manager in £2.4bn deal
By City AM
Just Group, which is part of the FTSE 250, has agreed to be bought by Canadian asset manager Brookfield Wealth Solutions in a deal worth around £2.4bn
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Anglo American revenue takes hit as Donald Trump's trade war dents turnover
By City AM
The FTSE 100 giant, which is ramping up its focus on copper, has not been immune to the threat of US President Donald Trump's tariffs on all commodities including the red metal
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Schroders assets under management remain stable after weak performance
By City AM
Schroders have made changes that are part of the firm's three-year plan to save £150m and return to profitable growth
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Heathrow: Billionaire launches rival bid to run airport's third runway expansion
By City AM
The Arora Group, which owns a number of hotels around the west London hub, has confirmed it will table a bid to run the £21bn project against the airport's current operators
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Shell posts 32% hit to earnings in second quarter amid volatile oil and gas prices
By City AM
The London-listed oil major recorded $4.26bn (£3.21bn) marking a 32 per cent fall from the second quarter of 2024, where the firm pocketed $6.29bn.
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Unilever profits fall as sales grow ahead of ice cream arm demerger
By City AM
Turnover at the consumer goods giant, which owns brands such as Dove, Colman's and Persil, was €30.1bn
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Klarna secures º£½ÇÊÓƵ banking licence to take on Monzo and Revolut
By City AM
The buy now, pay later firm has been granted regulatory approval to offer savings accounts to its 11 million º£½ÇÊÓƵ customers, with a debit card on the horizon
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Taylor Wimpey shares fall as costs to fix combustible cladding hit profits
By City AM
The number of houses built in the first half of 2025 totalled 5,264, up from 4,728 last year, the company told markets this morning.
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