Exclusive: Reeves to reveal new mutual council with Nationwide and Co-op Politics Chancellor Rachel Reeves will set out plans for a new mutual council today made up of some of Britain’s biggest customer and member-owned firms, including Nationwide, Royal London and the Co-op Group, City AM understands. In her maiden Mansion House speech, Reeves is expected to set out a growth plan for mutually owned business as [...]
London Christmas Markets Not to Miss This Year City Talk London is beginning to transform into a Christmas fairytale, where the scent of cinnamon and mulled wine fills the air. It’s time to dive into the holiday spirit at one of the city’s beloved Christmas markets. Whether you’re hunting for the best presents for your loved ones or wanting to indulge in festive dishes and [...]
Struggles continue at Asda as new owner looks to turn around supermarket giant Retail The continuing struggles at supermarket giant Asda have been revealed with both Tesco and Sainsbury’s hoovering up its market share in the UK, according to new figures. Sales at the Leeds-based grocer totalled £4.242bn in the 12 weeks to 3 November, 2024, down from the £4.490bn it reported for the same period last year, the [...]
Square Mile and Me: Together’s Ryan Etchells on going from intern to CCO November 7, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Together CCO Ryan Etchells, with a northerner's perspective on the Square Mile.
Co-op boss: Reform broken business rates system at Budget October 23, 2024 The current business rates system is “fundamentally broken” and is in need of urgent reform at the Budget, the chief executive of the Co-op has warned in an interview in which she also endorsed Labour’s contentious workers’ rights package. Shirine Khoury-Haq told the Today Programme that business rates were one of the driving forces behind [...]
Building societies demand a say on government’s industrial strategy October 23, 2024 A group of Britain’s biggest building societies and mutuals have demanded a seat on the council shaping the government’s industrial strategy as ministers prepare to unveil a team of executives to oversee the plans. In a letter to business secretary Jonathan Reynolds, seen by City AM, a group of four trade groups including the Association [...]
It is 14 days until FII8: The catalyst for global economic transformation October 15, 2024 Inside Saudi provides readers in the City and beyond with insights from Saudi Arabia, one of the fast growing markets in the world. Each week we’ll bring you exclusive interviews, news you can use and spotlight the companies making things happen in the Kingdom of Saudi Arabia. The countdown has begun for the eighth edition [...]
Ticketmaster returns to profit ahead of Oasis reunion tour boost October 7, 2024 The UK operation of Ticketmaster returned to profit during its latest financial year ahead of the anticipated boost it will receive from the controversial ticketing of Oasis’ reunion tour. The London-headquartered division has reported a pre-tax profit of £19.7m for 2023, up from the pre-tax loss of £12m it fell to in 2022. Newly-filed accounts [...]
Huge pay day for Oasis ticket seller and promoter bosses September 30, 2024 The bosses of the company which was involved in the controversial ticketing and promotion of Oasis’ reunion tour have shared a huge pay day of almost £15m. The six directors of Stockport-headquartered SJM were handed a share of a £14.8m dividend for the company’s latest financial year, up from the £7.3m pay out for 2022. [...]
Co-op’s legal services arm reports jump in profit and revenue September 25, 2024 Co-op Legal Services have achieved continued growth during the first half of this financial year, reporting a 56 per cent profit increase and a 35 per cent rise in revenue.