Capita hits back as pension holders look to sue over Russian-linked cyber attack January 14, 2024 Capita is facing legal action over last year's cyber attack, but denies there is any valid basis for a claim.
Exclusive: Sun European’s managing director on private equity deal-making in the City post-pandemic April 21, 2022 Time for City A.M. to catch up with investment veteran and City insider Mark Corbidge, managing director and a member of Sun European’s Investment Committee.
Slowing UK economy appears good news for discount retailer B&M May 31, 2023 Brits seeking out bargains has helped drive B&M customer numbers up every month since June, as the group plans to roll out 30 more stores across the UK to up keep demand. For the year, the budget chain, which sells homewares and food, gained revenues of £4.9bn up from £4.6bn, as the group improved its [...]
Ocado and M&S share prices drop as they complete £750m online delivery deal August 5, 2019 Investors battered Ocado and Marks & Spencer’s shares this morning as the supermarkets finalised details of a £1.25bn partnership. M&S’s share price fell 4.5 per cent while Ocado’s share price dropped as much as 4.4 per cent as M&S completed the £750m purchase of a 50 per cent stake in Ocado’s online delivery platform. Read [...]
Two rail lines closed in 1960s to receive £800m investment boost January 23, 2021 Two railway lines closed to passengers more than 50 years ago will be brought back to life with almost £800m of funding from the government. East West Rail, which will eventually connect Oxford and Cambridge, has been granted £760m to reopen for the first time since 1968. Ministers have also pledged £34m to accelerate plans [...]
Hiring market: Insurance sector outperforms financial services in 2023 February 26, 2024 Job vacancies in the insurance sector fell less than those in the financial services market last year. According to a City A.M.’s exclusive of a report by specialist recruiters Harrison Holgate and market data analytics firm Vacancysoft, vacancies in insurance dropped by 15.1 per cent compared to the fall of 30 per cent for the [...]
FTSE 100: Ocado set to be chucked from the trolley in London index reshuffle May 30, 2023 Ocado is set to be rubbed off many investors’ shopping lists this week as it faces a relegation from the FTSE 100 following a troubled period of slowing sales and a tumbling share price.
‘All options open’: Strikes threatened at Mirror and Express over Reach job cuts November 14, 2023 The National Union of Journalists (NUJ) has said "all options are open", including strikes, after Reach brutally slashed 450 jobs last week.
EXCLUSIVE: Revolut’s UK risk and compliance chiefs quit in slew of senior resignations July 22, 2022 Revolut has been hit by a slew of resignations from its UK regulatory and compliance chiefs in the past weeks amid heightened tensions with regulators and delays to the firm’s banking licence, City A.M. has learned.
Revenue at B&M continues to rise as Brits seek out bargains July 16, 2024 B&M has reported another strong set of results for the first quarter, as the group has maintained its post-pandemic edge. Revenues at the bargain chain, which also owns Heron Foods, rose by 2.4 per cent to £1.3bn in the first quarter of the year. The group remained on track to open 45 gross new store [...]