Revolution Beauty plots US expansion as sales soar November 24, 2021 Revolution Beauty's half year results have been lifted by surging demand for makeup amid the worldwide lifting of lockdown restrictions.
Can effective regulation make cryptoassets and stablecoins useful? March 21, 2023 Lord Holmes explains how effective regulation can help to unlock potential while safeguarding consumers and the financial system.
City Moves: Who’s switching jobs in the Square Mile this week? February 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Puma Investments Puma Investments has poached its new marketing director from Legal & General and is the fifth key appointment in the past few months. After holding the same position in the insurance giant’s retail retirement division, [...]
Mastercard faces £10bn class-action lawsuit in UK August 19, 2021 A UK court has approved the UK’s biggest class action lawsuit of over £10bn against global payments processor Mastercard on behalf of 46m consumers, according to reports. The previously rejected lawsuit was formally certified on Wednesday to go to trial by the Competition Appeal Tribunal (CAT) in London. It will be the first mass claim [...]
Sadiq Khan hammers Hunt for slashing support for businesses grappling with sky-high energy bills January 9, 2023 Sadiq Khan has urged Hunt to reconsider its plan to drastically cut support in energy bills, fearing an uncertain future for businesses.
Iceland to launch new convenience store format Swift this week March 15, 2021 Iceland is preparing to unveil a new convenience store format, with the first branch set to open this week. The frozen food retailer will launch the Swift store concept in Newcastle on Thursday, according to reports. The store will be in a converted Iceland branch and will sell “the full spectrum of grocery” with a [...]
Boohoo takes tough stance on suppliers following Leicester factory scandal June 15, 2021 Boohoo has taken a tough stance with its suppliers that includes removing them from the online retailer’s supply chain list if an alert is raised about them. Boohoo has set up a sub-committee of its Supply Chain Compliance Committee that will focus on the financial practices of the businesses and now requires suppliers to have [...]
Revolution Beauty to make stock market debut July 13, 2021 Revolution Beauty are plotting a float on London’s alternative markets valuing the company at nearly half a billion pounds. The float has received strong support from shareholders and was significantly oversubscribed, the UK-based firm said this morning. Read more: Asos enters deal with Nordstrom to bolster Topshop’s US presence Adam Minto, the beauty firm’s boss [...]
Experian exclusive: Businesses’ credit scores stabilise as recovery is in full swing December 6, 2021 Businesses’ credit scores are recovering well from the impact of Covid-19, according to industry giant Experian, sharing some of its findings exclusively with City A.M. this afternoon. Business credit score levels were back up to the pre-pandemic average of 44 by September 2021, compared to a score of 40 throughout most of lockdown. Looking at [...]
Formula 1 teams up with Fight Club and Puttshack founder to launch motor-racing venues on UK high streets February 14, 2022 To launch ambitious plans for a series of entertainment venues with motor-racing simulators across the UK, Formula 1 has joined forces with the founder of Flight Club and Puttshack. Adam Breeden, founder and chief executive of Kindred Concepts, said the company that runs the international motor-racing series has taken an undisclosed investment into the proposed [...]