Former deputy mayor shared in £750,000 dividend from RationalFX as staff were laid off July 17, 2024 The former deputy mayor of London shared in a £750,000 dividend from his now-collapsed foreign-exchange firm while scores of the company’s staff were laid off through the pandemic, City A.M. can reveal.
Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance February 26, 2024 Both Ocado and Marks and Spencer joined forces five years ago to create the digital grocery brand, in a £750m tie-up.
Meet the group shaking up the City old boys’ club November 9, 2023 The 93 per cent Club is looking to break down the class barriers still running through the City. Founder Sophie Pender tell City A.M. there’s still plenty of work to be done.
Marshalls boss defends £535m Marley takeover despite tumbling share price and falling profits March 15, 2023 Marshalls boss Martyn Coffey has defended the company’s £535m acquisition of Marley last year despite a hit to profits and share prices.
The Oral-B Killer?! Founders of toothbrush company on the RIGHT way to brush your teeth July 17, 2024 In this week’s episode of Founder Favourites, Emmanuel Nwosu and Jennifer Sieg chat with the founders of toothbrush company SURI about all things teeth, failure, and business – with some extra tips and tricks on how to get along with your co-founder, too.
Home REIT sister fund calls in investment manager to lead rescue effort July 23, 2024 A Home REIT sister fund under investigation by the City regulator has called in a new investment manager to try and save it from collapse and salvage tens of millions of pounds of pension cash, City A.M. can reveal.
SPACs are back: Blank-cheque firm raises $550m in London’s biggest IPO this year May 17, 2023 A special purpose acquisition company (SPAC) has bagged $550m in an initial public offering on the London Stock Exchange today in the UK’s biggest listing so far this year.
L&G’s modular homes venture reports £94m loss as it winds down business November 6, 2023 Legal & General’s modular homes subsidiary reported losses of almost £94m last year as the insurance giant moved to close its factory and run down the pet project of outgoing chief executive Sir Nigel Wilson.
Losses at Euan Blair’s Multiverse nearly triple in US growth push November 28, 2023 Losses at Euan Blair’s education start-up Multiverse nearly tripled last year as it ramped up its growth push in the US and pumped cash into new tech, accounts seen exclusively by City A.M. reveal.
David Beckham’s business empire sees revenue more than double, but losses continue to mount for wife Victoria’s firm December 29, 2023 David Beckham netted more than £70m in revenue through his business empire last year but his wife Victoria’s fashion firm required millions in cash injections to stay afloat, new accounts have shown.