Lidl to become UK’s highest-paying supermarket in £18m wage investment November 17, 2021 Lidl is set to become the UK’s highest-paying supermarket after it said it would invest £18m in wages. Entry-level wages are to increase £10.85 to £11.30 in London from March 2022 while new starters outside the capital will see wages hike from £9.50 to £10.10. Lidl colleagues are also to earn up to £12.25 in [...]
10m British pensions at BlackRock ‘helped’ Putin’s invasion of Ukraine via £1bn in oil energy dividends April 5, 2022 Fund manager BlackRock – which oversees 10 million British pensions – has helped Putin build his war chest by investing heavily in Russia’s biggest companies, the Bureau of Investigative Journalism told City A.M. this morning. While those investments have strengthened Putin, they have also generated a fortune for BlackRock’s clients, the group said. Since 2014, [...]
The City sees the Tories as a ‘bigger risk to business’, says Reynolds October 8, 2023 The Conservative Party is seen by many people in the City “as the bigger risk to the business community”, Labour’s Jonathan Reynolds told City A.M.
Air Astana set for £671m valuation ahead of milestone London IPO February 9, 2024 Air Astana has bagged an $847m valuation from investors as it gears up for a Valentines Day IPO that will be seen as a test of the health of London’s beleaguered listings market.
Forterra: Brick maker issues General Election warning as sales and profits slashed March 26, 2024 Revenue fell by more than £100m at Forterra, which is one of Britain’s biggest brick makers, as its profits were slashed in 2023, it has been revealed.
City law firms fight for the best London office space with ESG at the forefront June 7, 2024 London’s legal sector has over 12m sq ft of lease expiring between now and the end of 2030, as law firms are set to compete for the best of the City offices
Exclusive: Home REIT investors draw up plans for ‘landlord of last resort’ as tenants collapse March 24, 2023 Investors in beleaguered social housing investor Home REIT are drawing up plans for a ‘landlord of last resort’ as the firm’s cash dries up and its tenant base collapses, City A.M. has learned.
Exclusive: London’s businesses back Labour ahead of mayoral election April 30, 2024 London’s businesses have given their backing to Labour, according to polling data shared with City A.M., as the party holds a 15-point lead heading into the mayoral election this Thursday.
Taylor Swift film dominates box office with £6m opening weekend October 16, 2023 Taylor Swift has smashed more records with the opening of her 'Eras Tour' concert film, raking in £5.7m at the UK and Ireland’s box office.
Home REIT refinancing talks fall apart in blow to scandal-hit housing fund June 17, 2024 Home REIT’s efforts to renegotiate the terms of its £130m debt pile have fallen apart in a blow to the embattled social housing fund as it scrambles for stability after a string of scandals.