Water companies need vast sums to meet improvement plans, Moody’s warns October 18, 2023 Water companies across England and Wales will need to find hundreds of billions of pounds to meet their commitments, says Moody's.
Thomas Cook hits back after rumours over Chinese owner selling its stake November 15, 2022 Thomas Cook has pushed back against reports that its Chinese owner Fosun Tourism Group was looking to sell its stake in the company. “Fosun Tourism Group has no plans to sell Thomas Cook,” a Thomas Cook spokesperson told City A.M. Sources today told Sky News’ Mark Kleinman that the Chinese powerhouse was contemplating either raising [...]
DCG may be forced to offload assets to maintain liquidity January 18, 2023 Shareholders of troubled venture capital outfit DCG have been warned the company may be forced to sell off portfolio assets.
Playtech’s revenues climb thanks to Americas and B2B boom March 24, 2022 Gambling software development firm Playtech reported strong full year results this morning, with group revenue up 11 per cent to €1.21bn, driven by B2B online growth, particularly Latin America. Its strong online performance offset the impact of lockdowns and drove B2B revenue growth of 11 per cent at constant currency to €554m. Americas revenue grew 64 [...]
Solar energy boss considers rival markets after UK climbdown over green pledges September 26, 2023 The government has sent the "wrong signal" to British businesses with their rollback of green energy pledges, warned Naked Energy.
UK high street faces shareholder backlash over low pay July 2, 2024 UK high street shops like Sainsbury’s, Marks & Spencer and JD Sports are facing a shareholder backlash after failing to commit to pay all their staff and third-party contractors a real living wage. Big financial names backing a campaign against low pay include LGIM, HSBC Asset Management, Aviva, and Scottish Widows. In total, the institutions [...]
Shakespeare: Poundland set to cash in on luxury homeware September 2, 2020 Homeware retailers reported record sales throughout lockdown, as Britons spent more time at home than ever, and decided to make their homes and gardens nicer. Previous YouGov data from April showed that one in ten households had ordered indoor furniture or homeware products online since lockdown began (10%) while 16% had bought outdoor furniture or [...]
Andreessen Horowitz backs London insurance start-up to shrug off UK venture woes January 11, 2024 Silicon Valley giant Andreessen Horowitz (a16z) has thrown its weight behind London insurance tech Hyperexponential today in a deal that shrugs off the gloom gripping the UK’s venture capital market.
Number of SMEs ‘going green’ has doubled – but it hasn’t been easy January 29, 2024 The number of UK small and medium-sized enterprises (SMEs) that have “gone green” doubled last year, research shared exclusively with City A.M. has found, but it wasn’t an easy feat. Some 489,000 UK businesses have formally committed to reaching “sustainability” by the government’s net zero 2050 deadlines, up from 220,000 at the beginning of 2023, [...]
Iwoca mulls bigger loans and international expansion amid surge in demand June 3, 2024 Online credit provider Iwoca is looking at raising the size of its loans and expanding into a new country on the back of a surge in demand for small business funding from alternative lenders.