City Moves: Who’s switching jobs in the Square Mile today? December 10, 2021 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. Tesco Bank Tesco Bank has bolstered its board with a new independent non-executive director, who brings three decades of financial services experience to the position. Liz Buckley, a former group transformation director at Direct Line Group, has [...]
Virgin Money shareholders approve £2.9bn Nationwide takeover despite analyst warnings May 22, 2024 Virgin Money shareholders have given the green light for the bank to be acquired by Nationwide for £2.9bn, paving the way for the UK's biggest banking merger since the financial crisis.
Auto Trader still motoring despite ‘fly in the ointment’ Autorama losses June 1, 2023 Auto Trader saw group operating profits dip 9 per cent this morning, down from £303.6m to £277.6m in its full year results, but saw a spike in sales of 16 per cent on the back of strong demand. The car trader saw revenues up 9 per cent, and said it had resisted a tough economic [...]
How Aldi boss intends to see off supermarket rivals and bring discount store within reach of all UK shoppers April 3, 2023 Aldi will not stop the “relentless” roll out of its value supermarkets across the UK, despite attempts by rival supermarkets to scupper its growth, its chief executive has said. Giles Hurley, the head of UK and Ireland operations for the German discounter, told The Telegraph that they are going to bring stores within easy reach [...]
FTSE 100 close: London markets close higher after sliding for three days straight October 5, 2023 London’s FTSE 100 jumped into the green on Thursday, following three days where the capital’s blue-chip index slid. The FTSE 100 climbed 0.53 per cent to close at 7,451.54 while the FTSE 250 ended 0.61 per cent higher at 17,599.98 The FTSE’s gains came despite data showing a stronger than expected labour market in the [...]
Barclays shares hit two-year high after profit beats estimates, but investment bank struggles April 25, 2024 Barclays has reported an 11 per cent drop in profit - slightly outperforming analysts' estimates - as the boost from higher interest rates fades and its investment bank struggles to compete with its Wall Street rivals.
Range of 30 low-cost items increase in price by 17 per cent in last year – ONS October 25, 2022 A range of 30 every-day low-cost items have increased in price by 17 per cent in the last year, new figures have revealed. Data from the Office for National Statistics show a range of products went up considerably over the 12 months to September, as the cost of living continues to bite. Items including vegetable [...]
Sainsbury’s unveils Christmas ad celebrating families finally coming together November 14, 2021 Sainsbury’s festive advert ‘A Christmas to Savour’ aired for the first time this evening on ITV Networks during the Angela Black Special. The advert celebrates the enjoyment of friends and family coming together after last minute lockdown restrictions scuppered Christmas plans for many Brits last year. To encourage everyone to savour the moment this year [...]
Cynics be damned, I love Christmas with all of its festive weirdness December 5, 2023 My friends might refer to Christmas trees as carcasses, but I love the cheesy festive cheer of a season we need to keep alive in the hearts of Brits, writes Adam Hawksbee
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]