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© 2025 a º£½ÇÊÓÆµ
Jon Robinson
º£½ÇÊÓÆµ Editor - City AM
cityam.com
FTSE 250 firm Assura turns down fourth takeover offer amid strategic growth plans
By City AM
The FTSE 250 company has rejected a takeover offer worth more than £1.5m - the fourth such deal it has turned down in the last six months
Alton Towers operator Merlin Entertainments names new full-time chief executive
By City AM
Global theme park operator also runs the likes of Legoland and Madame Tussauds, with its new boss having been in the role on an interim basis since November 2024
Nikon's profit falls by half as it admits demand is waning
By City AM
The division of the Japanese giant has reported a pre-tax profit of €13.5m (£11.2m) for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House.
In The Style on brink of collapse with administration looming
By City AM
The fast-fashion firm is said to be in talks with FTS Recovery to oversee a potential administration of the company which was founded by Adam Frisby in 2013
Birkenstock sales to surge in º£½ÇÊÓÆµ as trendy footwear brand makes latest update
By City AM
The footwear brand has revealed its sales have so far been "above initial expectations" in its year which will finish at the end of September
Ritz Hotel's financial woes deepen with £75m losses since 2019, despite Qatari ownership
By City AM
The five-star hotel, which was acquired by Qatari tycoon Abdulhadi Mana Al-Hajri from the billionaire Barclay brothers for around £700m in March 2020, has not turned a profit since 2019
Chancellor urged to grant BP and Shell tax breaks amid Donald Trump's trade war
By City AM
Aberdeen & Grampian Chamber of Commerce has called on Chancellor Rachel Reeves to reduce the tax burden on North Sea oil and gas producers, such as BP and Shell
Jack Wills slashes jobs and closes stores as fashion brand's profits tumble
By City AM
The company's headcount reduced from 233 to 135 in the 12 months to 28 April, 2024, while it went from running 32 shops to 24
Caffe Nero owner reports record sales as popular menu items fly off the shelves
By City AM
The Nero Group has reported record sales for the six months to the end of November 2024
Champneys luxury spa group sees £8.4m losses for third year in a row
By City AM
Champneys, which has been heavily used by A-list celebrities including the likes of Brad Pitt, Kate Moss, Daniel Craig and Anthony Joshua, has posted a pre-tax loss for the third year in a row
Billionaire's hotel empire to open 40 new hotels in the º£½ÇÊÓÆµ and support 1,000 jobs
By City AM
The group plans to invest £50 million in the º£½ÇÊÓÆµ over the next three years
Speedy Hire shares slump to new low as it issues profit warning
By City AM
The Newton-le-Willows company told the London Stock Exchange this morning that its recent trading had been impacted by a slowdown in demand so far in 2025
Dragons' Den star Peter Jones' former business posts profit ahead of DHL deal
By City AM
Brandpath Group has filed its latest accounts with Companies House, showing that the business had returned to the black before the deal was signed in the final quarter of last year
Kitchen giant Magnet plans premium push to claw back from £160m loss
By City AM
Nobia Holdings º£½ÇÊÓÆµ, the company behind the Magnet kitchen brand, has not made a pre-tax profit since 2019 and has seen hundreds of roles axed as part of its restructuring
Emma Bridgewater faces job cuts and deepening losses in challenging financial year
By City AM
The business, which is based in Stoke-on-Trent and backed by BGF, has posted a pre-tax loss of £4.4m for the 12 months to 27 April, 2024.
Crew Clothing to open 20 new stores across the º£½ÇÊÓÆµ in 2025 after strong Christmas sales
By City AM
The fashion retailer has revealed plans to expand further after adding 15 new stores in 2024
Jaguar Land Rover pre-tax profit reverses by £100m despite sales rise
By City AM
Automotive giant Jaguar Land Rover has posted a pre-tax profit of £523m for the final three months of 2024, down from the £627m it reported during the same period in 2023
Ovo Energy acquires brand rights from founder in strategic £150 million deal
By City AM
The Bristol-based firm, which is the country's fourth-biggest household energy supplier, has made the move as part of a wider reorganisation
Famous Grouse whisky sale to billionaire's empire on the rocks as watchdog steps in
By City AM
William Grant & Sons, which is owned by Scottish billionaire Glenn Gordon, acquired The Famous Grouse and Naked Malt from Edrington in September last year
Watchdog launches probe into £2.1bn takeover of Electricity North West
By City AM
The Competition and Markets Authority (CMA) is looking into the deal which was first announced by Iberdrola in August last year
Morrisons reports significant sales boost with More card surge and major debt reduction
By City AM
Morrisons has reported a 4.1% increase in group like-for-like sales and a 7.9% rise in revenue during the 12 months to 27 October, 2024
Jollyes to lower 3,000 prices as it opens new stores in challenge to Pets at Home
By City AM
Jollyes has announced a major move in the price war with Pets at Home as it seeks to drive footfall and sales across its stores and online
BAE Systems win £285m Royal Navy contract which will support over 200 º£½ÇÊÓÆµ jobs
By City AM
The defence giant has been awarded a contract to maintain and modernise combat management systems on Royal Navy vessels, supporting more than 200 º£½ÇÊÓÆµ jobs.
Lloyds Banking Group to transform head office with £200m investment
By City AM
The Port Hamilton building on Morrison Street, Edinburgh, will be transformed in partnership with Drum Property Group
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