FTSE reshuffle: Who’s been promoted and who’s got the boot? August 30, 2023 Marks & Spencer has climbed back on to the UK’s FTSE 100 four years after dropping off the top stock index, while housebuilder Persimmon has been demoted following a rocky patch for the housing market. The upmarket supermarket staged the return to the top tier after seeing its share price jump by more than two [...]
Woodford fund administrator could face £306m bill, FCA says September 12, 2022 The administrator of Neil Woodford’s collapsed investment fund could be forced to dish out compensation payments of up to £306m, the Financial Conduct Authority said today.
Morning in the City: News, market updates, and more: LIVE May 3, 2023 Good morning and welcome to City A.M.’s morning liveblog, bringing you all the news and market updates you need to start your day.
‘Like Brands. Only Cheaper’: Court throws out Aldi’s appeal over gin bottle battle with Marks and Spencer February 27, 2024 Aldi's appeal against a decision that it had infringed on Marks and Spencer's registered design of its light-up gin was dismissed earlier today.
London’s Zencargo raises £30m to help firms navigate supply chain disruption May 11, 2021 Digital freight forwarder Zencargo has raised £30m to help businesses make decisions through a real-time overview of their supply chain. Zencargo will use its latest round of funding to grow its team to 350 people over the next two years and expand internationally to the Netherlands, Hong Kong and the US. Founded in 2017, the [...]
Asda eyes up Co-op’s petrol business in £450m bid August 29, 2022 Asda is the front-runner to buy approximately 130 petrol stations and convenience stores from the Co-op Group’s petrol forecourt business in a £450m swoop.
Morning in the City: Live news and updates as GDP up 0.1 per cent after rate rise May 12, 2023 Good morning and welcome to City A.M.’s live blog on Friday 12 May. We lead today with GDP figures from the Office for National Statistics, a day after the 12th straight rate rise.
Astrazeneca shareholders in row over chief executive’s £2.3m bonus hike May 9, 2021 Astrazeneca shareholders have been plunged into a bitter row over plans to hike chief executive Pascal Soriot’s pay by £2.3m. The French pharma boss has been praised for rolling out the company’s Covid-19 vaccine at cost price, as well as driving up its share price since he took over in 2012. But major shareholders have [...]
Comparethemarket owner backs London ‘insurtech’ Superscript in £45m funding round January 9, 2023 London-based insurance fintech Superscript announced it had bagged a £45m funding round led by the owner of Comparethemarket.com today, in a boost to the UK’s burgeoning ‘insurtech’ sector after a flurry of investment in the past two years.
General Electric shareholders reject CEO’s mammoth $73.2m pay package May 4, 2021 A majority of shareholders at General Electric have rejected pay packages for senior officers, including CEO Larry Culp, who was set to receive a package worth $73.2m for 2020. Nearly 58 per cent of shareholders rejected GE’s pay packages, a strong rebuke to executives of the industrial company, which is in the middle of a [...]