Morning in the City: News and market updates, live May 10, 2023 Good morning and welcome to City A.M.’s morning liveblog.
Ocado: Signs of progress at last as firm looks to continue share price turnaround September 19, 2023 Upmarket grocer Ocado has reported a 7.2 per cent surge in revenues to £569.6m in the third quarter as turnaround plans under the guidance of its year old chief executive appear to show signs of paying off. The digital supermarket, which operates as a joint venture with M&S, said the average orders per week at [...]
Bourne Leisure founders on cusp of £300m Butlin’s buy back August 14, 2022 The family behind one of the UK’s biggest leisure empires is on the cusp of taking back control of Butlin's in a £300m-plus mega deal.
Letter to the editor: Be careful what you wish for March 7, 2024 [Re: The Notebook: The Conservative Party has forgotten what it once stood for, 4 mar] I always enjoy City A.M’s The Note Book column. Opinions from those across the spectrum are valuable. Especially to those of us elected, who should always listen. But James Chapman has swallowed the “fashionable” view: “The Conservatives have forgotten what [...]
M&S’s FTSE exit is a symbol of its terminal decline September 6, 2019 Archie Norman, the Marks & Spencer chairman, put a brave face this week on the retailer’s demotion from the FTSE 100. Nothing to see here, he said: the business was exactly the same on the day after its relegation. Focusing on it was the reddest of herrings. In a sense, he is right – but [...]
Fasanara bags $200m fintech mandate from Canadian pension fund November 21, 2022 London-based asset manager Fasanara Capital has won a $200m mandate from one of Canada’s largest pension funds to channel cash into fintech firms around the world.
Morning in the City: Live news and updates as Shell and Next update May 4, 2023 Good morning and welcome to City A.M.’s Square Mile live blog…
Marks & Spencer profit dented as Ocado joint venture books £0.7m loss November 9, 2022 Marks & Spencer’s half-year profit slid on Wednesday after it said its joint venture with online grocer Ocado had suffered a £700,000 loss. In half-year results to 1 October, M&S said its group profit before tax was £205.5m, versus a £269.4m sum the previous year. Bosses pointed to a lack of business rates relief compared [...]
Morning in the City: News and market updates, live May 9, 2023 Good morning and welcome to City A.M.’s live blog as the Square Mile returns to work after the Coronation weekend.
Morning in the City! Live updates on public finances, Shell AGM and John Allan May 23, 2023 Welcome to City A.M.’s live blog on Tuesday 23 May, as Shell prepares for its AGM, and the Square Mile wakes up to a shock resignation.