Ben Hardy on EastEnders and his new LGBTQ film Unicorns: We’re all multi-faceted. Why stick to one label?
Wickes chief gets inflation-busting pay rise after ‘proving himself’ March 21, 2024 The chief executive of Wickes has been handed an inflation-busting pay rise after 'proving himself' in the role.
ULEZ expansion will push building businesses over the brink, warns industry boss July 4, 2023 The boss of the British Merchants Federation (BMF) has warned that outer London building businesses hit by ULEZ charges could face closure or move if the 29 August expansion goes ahead as planned. John Newcomb, chief executive of the trade association BMF, told City A.M.: “My biggest concern is that you would see closure of [...]
Travis Perkins revenue down two thirds due to coronavirus April 28, 2020 Building materials supplier Travis Perkins suffered a sharp drop in revenue in April after it closed its branches in response to the UK’s coronavirus lockdown. Total revenue in the first three weeks of the month was about one third of the same period last year due to the coronavirus pandemic. The company shut all of [...]
FTSE 100: Shares rise in London despite poor performance from supermarkets June 17, 2023 London’s top shares eked out another small gain, helping the FTSE end the week on 7,643 points. The gains were led by some of the UK’s biggest energy companies, which managed to outweigh some of the pressure put on supermarkets stocks, apart from Ocado which soared. By the end of the day, the FTSE 100 [...]
City Moves: Who’s switching jobs in the Square Mile? March 29, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Dominvs Group London-based real estate developer Dominvs Group has appointed the former CEO of Travis Perkins Properties (TPP) as a senior advisor. Martin Meech steps onto the board with more than four decades of property experience, spanning M&A, strategic development, finance structuring, and [...]
Barratt Developments share price in focus following Bank of England rate rise July 10, 2023 The market will turn its focus to Barratt Developments’ trading update next Thursday to see how soaring mortgage rates and a tumultuous period for the property sector is impacting UK house building companies. The housebuilder’s shares have fallen by around a tenth over the past 12 months and more than half from their pre-pandemic levels, [...]
‘Lean in’ to artificial intelligence, education secretary urges firms June 29, 2023 Businesses need to “lean in” to the power of artificial intelligence (AI), education secretary Gillian Keegan has said. The education secretary told City A.M. indulging in fears about AI wiping out jobs and opportunities was unproductive. Asked whether she was concerned about the impact of the new technology such as ChatGPT and Bard altering or [...]
Travis Perkins returns to profit despite ‘challenging market’ March 3, 2020 Building materials business Travis Perkins said today it had swung to a profit in 2019. It said operating profit was £232m, compared to a £22m loss last year. Adjusted operating profit rose 7.8 per cent to £442m, despite a “challenging market backdrop”. Revenue grew 3.2 per cent to £6.9bn, with like-for-like revenue growth of 3.8 [...]
Travis Perkins suspends dividend and delays Wickes de-merger March 20, 2020 Builders’ merchant Travis Perkins has suspended its dividend due to coronavirus uncertainty. The company also announced its intention to delay its long planned de-merger of DIY retailer Wickes. However, the group announced in its trading update a strong balance sheet with cash deposits of £185m. Boss Nick Roberts said: “Our highest priority is the health [...]
Soter Analytics secures $12m to tackle workplace injuries with tech April 19, 2022 Soter Analytics, which seeks to prevent injuries from poor posture in the workplace, has snagged $12m (£9.2m) of new capital in its series A funding round. The firm aims to tackle work-related musculoskeletal disorders (MSD) with technology, as the issue impacts three out of every five workers, according to Europe’s work safety watchdog. The wearable technology tracks [...]