Wickes profit down by almost a quarter as sector struggles September 10, 2024 Profit at British DIY and home improvement retailer Wickes fell by almost a quarter over the past six months as sales slowed across the entire home improvement market. The London-listed company, which is headquartered in Watford, reported an adjusted pre-tax profit of £23.4m during the six months ending 29 June, 2024, down just under 25 [...]
Robinhood boss: Why UK public should trust trading and investing app after Gamestop saga September 10, 2024 In this episode of Boardroom Uncovered, the boss of Robinhood UK Jordan Sinclair talks about his journey from South Africa to the City of London, how the trading and investing app is taking on the likes of Hargreaves Lansdown and AJ Bell as well as what kind of a leader he is.
How brickies built the UK’s fastest growing radio broadcaster September 5, 2024 Video may have killed the radio star, but builders are bringing it back. Fix Radio CEO Louis Timpany tells City A.M. how he built the UK’s fastest growing national broadcaster.
Totally Wicked: Do vaping companies cause more harm than good? August 27, 2024 Boardroom Uncovered is City A.M.‘s on-camera interview series featuring the bosses of the biggest and best-known companies operating in the UK.
Tory leadership race: Tom Tugendhat slams Elon Musk riot comments as ‘delusional’ August 13, 2024 Tory leadership contender Tom Tugendhat has branded Elon Musk’s comments about the UK facing civil war “delusional” and “false”. The former security minister was asked about the social media boss’ remarks on his platform X, formerly Twitter, during a speech this afternoon about the recent far right riots in the UK. Musk recently posted that [...]
Wickes: Brits still holding back on big-ticket items as DIY goods preferred July 31, 2024 Wickes reported a mixed set of results for the half of the year, with consumers still unwilling to spend on big-ticket items but happy to buy DIY retail goods. Overall group sales fell by 3.4 per cent in the 26 weeks to June 29 at the London-listed company. Revenue in the second quarter fell by [...]
Reckitt Benckiser: Dettol producer shares plunge on baby formula fears July 29, 2024 Shares in Reckitt Benckiser plunged nearly 10 per cent after a US jury found Abbott Laboratories failed to warn consumers about the health risks of its product.
Market shrugs at Durex owner Reckitt’s growth and simplification plan July 24, 2024 Durex condom maker Reckitt Benckiser has pledged to sell off its home care and nutrition brands as part of a simplification drive, instead focusing on health and hygiene.
London cyber firm CultureAI raises £8m to double workforce and ‘fix human error’ July 17, 2024 CultureAI's latest capital injection follows seed rounds of $4m (£3.1m) in 2021 and $5m (£3.8m) in 2023.
Omega: Kitchen maker says slip into the red was ‘outside its control’ July 11, 2024 British kitchen maker Omega has slipped into the red following a year marred by challenges "outside the company's control", according to newly-filed documents.