What start-ups taught me about ambition this year December 12, 2024 Ambition AM Editor Jennifer Sieg takes a look at what she’s learned from covering the world of entrepreneurship this year I am often asked what I look for when it comes to writing about a start-up or interviewing an entrepreneur, and for quite some time I considered it to be the million dollar question. Fortunately, [...]
Strathberry: Profit doubles at luxury handbag maker loved by Princess of Wales and Meghan Markle December 12, 2024 Profit more than doubled at luxury handbag maker Strathberry, which counts the Princess of Wales, Jennifer Lopez and Meghan Markle among its fans The Edinburgh-based business has reported a pre-tax profit of £3m for the 12 months to 30 April, 2024, up from the £1.3m it posted in the prior year. Newly-filed accounts with Companies [...]
Lloyd’s of London insurer Canopius favours IPO in private equity exit December 12, 2024 The private equity owners of Canopius plan to list the Lloyd’s of London insurer on the UK stock market next year, City AM has learned. A consortium led by US investor Centerbridge Partners is leaning towards an IPO rather than sale as part of its review into exit options for Canopius, according to a person [...]
Cabinet Office to make hundreds of Civil Service redundancies December 12, 2024 Hundreds of jobs are set to be cut by the Cabinet Office, it has been confirmed, in a move which the government department said will create a “smaller, clearer structure”. A total of 400 jobs have been placed at risk at the department which is responsible for a range of functions across government. The Cabinet [...]
Sir Brian Leveson leading ‘once-in-a-generation’ review into criminal courts December 12, 2024 The man who led the News of the World inquiry has been chosen to review the criminal courts, at a time when data revealed backlogs has reached a record high
In The Style cuts job as sales continue to fall ahead of stock exchange return December 12, 2024 In The Style slashed jobs in a bid to stem its losses amid continuing falling sales as its return to the London Stock Exchange edges nearer. The Manchester-headquartered fast-fashion retailer has posted a pre-tax loss of £2.6m for the year to 31 March, 2024, down from the £7.7m loss it reported in the prior 12 [...]
Frasers hits out at Boohoo’s Kamani over Mike Ashley appointment December 12, 2024 Glass Lewis's opposition comes after a similar recommendation made by Institutional Shareholder Services (ISS) last week.
Court rejects appeal in data privacy class action against Google December 12, 2024 A court has rejected an appeal against a decision to throw out a data privacy class action against Google and its AI subsidiary, DeepMind
London e-bike battle heats up as Forest strikes partnership to take on Lime December 12, 2024 Forest is looking to claw back market share from its larger London rival Lime, which is the only other e-bike operator in the capital.
London Stock Exchange owner sells Euroclear stake for £455m December 12, 2024 The owner of the London Stock Exchange has sold its minority stake in financial markets infrastructure provider Euroclear for £455m. The London Stock Exchange Group (LSEG) said on Thursday that it completed the divestment of its 4.92 per cent holding in the Belgium-based firm. It sold the stake to TCorp, the investment and financial management [...]