AI venture capital trust dishes out more funding May 31, 2024 Superseed Capital, a venture capital fund investing in early stage companies focusing on AI and software as a service, has invested almost half a million pounds over the last three months.
B&Q owner Kingfisher lowers outlook as struggling French arm drags down profit March 25, 2024 Kingfisher has made a loss during the full year as a slowdown in sales in its French arm continues to impact its bottom line.
McLaren F1 boss Brown lambasts team co-ownership, calls for FIA action February 14, 2024 Chief executive of McLaren Racing Zak Brown called for the FIA to look into the practice of co-ownership in Formula 1. Brown has long been critical of co-ownership in the sport and reiterated his concerns when speaking to Sky Sports. He explained: “If you look at every other major sport you’re not allowed to own other [...]
Packaging firm Macfarlane wraps up Polyformes deal July 8, 2024 London-listed packaging specialists Macfarlane Group made a further move into protective packaging on Monday with the acquisition of Polyformes, it has said.
Informa snaps up listed events rival Ascential in sign of buoyant sector July 24, 2024 UK events group Informa has snapped up listed rival Ascential in a bid that valued the owner of the Cannes Lions festivals and Money 20/20 at approximately £1.2bn.
BrewDog gives up B-Corp social and environmental certificate December 1, 2022 BrewDog has given up its B-Corp certificate recognising its social and environmental impact because the organisation which gives it, B Lab, “requested additional measures”. The beer-maker said in an internal statement seen by City A.M., that “we have decided to step aside from our B Corp certification for the time being.” The brand it gave [...]
Whitbread: Premier Inn owner thanks London travel boom for hike in hotel sales June 22, 2023 Tourists flocking to London for the King’s coronation helped bolster Premier Inn owner Whitbread’s trading in the first leg of the year, as the hotel group revealed an 18 per cent hike in sales. As Brits embraced travel and leisure after the pandemic, the chain of affordable hotels said sales across its 800 strong portfolio [...]
FTSE 100 climbs as Sunak outlines post-Brexit financial services roadmap July 1, 2021 London’s FTSE 100 surged this afternoon as investors digested the Chancellor’s post-Brexit roadmap for the UK’s financial service industry. The capital’s premier index climbed 1.25 per cent in afternoon trading to reach 7,125. The rally came after Chancellor Rishi Sunak outlined plans to make the UK financial services industry more competitive on the global stage. [...]
London markets dragged down by tax hikes as City mulls impact on portfolios September 8, 2021 The wave of tax hikes launched by prime minister Boris Johnson weighed on London markets today as investors mulled the implications of higher dividend taxes on their portfolios. The capital’s premier index dropped 0.75 per cent to close at 7,095.53 points, while the mid-cap FTSE 250 slid 1.03 per cent to 23,848.89 points. Markets were [...]
Euro 2024 sweepstake: Who will win the City A.M. Euros title? June 14, 2024 City A.M. towers has Euro 2024 fever and to celebrate we have gone all in with a sweepstake, with Jameson’s prizes on the line. Journalists and editorial drew from the hat. Some were overjoyed, others expressed despair, as they revealed their country to the City A.M. TikTok account. Euro 2024 Group A will see our [...]