John Lewis: ‘Transformation on track’ but chain still in the red September 12, 2024 The John Lewis Partnership has reported an improved set of half-year results and has said it is on target to significantly boost its performance for the full year. The iconic UK name, which also owns Waitrose, said sales topped £5.9bn in the 26 weeks ended 27 July, up by two per cent year on year. [...]
Cheers! The Square Mile is officially the easiest place in the UK to find a pint September 11, 2024 If you’re on the hunt for a pint, look no further than the City of London, which has been named the easiest place in the UK to find one, new research has revealed. The square boasts an incredible 615.92 pubs per 1,000 hectares, putting it miles ahead of the UK average of 10.77, according to [...]
Eleco: British software giant sees revenue soar as businesses look for AI solutions September 10, 2024 Software company Eleco has seen its revenue continue to soar as a growing number of businesses turn to tech to help improve efficiency. The listed company, which is headquartered in London and has offices across the UK and Europe, saw its revenue hit £16.2m in the six months ending June 30, 2024, up from £13.4m [...]
Ditch ‘short-sighted’ share tax and lean on City to back National Wealth Fund, Reeves told September 9, 2024 The Chancellor should axe the “short-sighted” tax on share trading and “sponsor” a set of listed investment vehicles in order to unlock funding for the government’s investment plans, a body of investors has said today. In a call to the chancellor, the Association of Investment Companies (AIC), which represents listed investment trusts in the UK, [...]
FSB launches new ‘game changer’ platform to tackle ongoing SME funding concerns January 26, 2024 A new wave of funding concerns has hit SMEs as the number of successful credit applications in the final quarter of 2023 slumped.
From train robberies to ‘Hi Mum’ texts, we are fighting an ever-changing face of fraud August 7, 2023 We've almost all received a "hi mum" message trying to defraud us, but for the victims who fall for the scammers, we must have a safety net, writes Chris Hayward.
Police made almost 2,500 arrests of environmental protestors in past year November 10, 2022 The Police have arrested more than 2,400 activists from environmental groups in the past year, it has been revealed. Almost seven campaigners a day have been detained from Just Stop Oil, Extinction Rebellion and Insulate Britain groups, between 3 November 2021-2. The figures were obtained by a Freedom of Information Request from City A.M., but [...]
Nationwide to complete £2.9bn takeover of Virgin Money after FCA and PRA approval September 6, 2024 Nationwide is to complete its £2.9bn takeover of rival Virgin Money next month after the deal was given the green light by the UK’s financial regulators. The banks said in statement issued to the London Stock Exchange that the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) have both approved [...]
Government contracts stack up Mears Group revenue and profits April 11, 2024 Dividend per share at the group rose 24 per cent to 13p.
‘Huge blow’: London Heathrow Airport slams new £10 transit charge despite record passenger traffic April 11, 2024 Speaking to City A.M. in November, Virgin Atlantic chief Shai Weiss described the so-called Electronic Travel Authorisation as “short-sighted.”