City A.M. TV: Daily Market Snapshot (video) March 30, 2021 Despite concerns in the market regarding the fire sale of Archegos’ assets, the major global equity indices were largely unchanged on the day. In that respect they have held up well. The MSCI world equity index, for example, eased off by a modest 0.3%, the S&P500 was essentially flat (-0.1%), while French, German and the [...]
Why City of London firms are plotting a revolt against the FCA April 20, 2024 City firms are plotting a revolt against the regulator and calling on top trade bodies to intervene after the Financial Conduct Authority revealed plans to name and shame the firms it is investigating last month.
Drax: Renewable power operator agrees to pay £25m as Ofgem shuts probe August 29, 2024 Power station operator Drax has agreed to pay £25m after an investigation by energy watchdog Ofgem found it failed to report data adequately. Drax, which receives hefty Government subsidies from burning biomass wood chips, lacked the necessary data governance and controls in place, according to Ofgem. This meant it did not give the regulator accurate [...]
Ultimate Products: Russell Hobbs seller hit by overstocking woes August 14, 2024 Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip after supermarket overstocking issues. The London-listed group, which is headquartered in Oldham, reported an adjusted pre-tax profit of £14.5m in the 12 months ending July 30, 2024, down from £16.8m [...]
Why lower interest rates might not offer much support to the UK economy April 6, 2024 Although the UK fell into a recession in the second half of last year, most economists are confident that growth will return this year.
Philips shrugs off ‘challenging year’ with UK profit spike August 8, 2024 The UK arm of consumer electronics firm Philips shrugged off a “year of many challenges” to post a surge in profit for 2023. The division, which is headquartered in Farnborough, has reported a pre-tax profit of £26m for the 12 months, up from the £5m it posted in 2022. According to newly-filed accounts with Companies [...]
UK economy grows in February as recovery gathers steam April 12, 2024 The figures will raise hopes that the UK economy can move on from a disappointing 2023.
Reckitt announces £1bn share buyback programme amid revenue growth October 25, 2023 Consumer goods giant Reckitt will kick off a £1bn share buyback after strong growth in health and hygiene divisions
Mortgage growth set to reach decade low as high rates drive down demand November 6, 2023 The EY Item Club predicted that net mortgage loans would grow 1.5 per cent in 2023 and two per cent in 2024, representing the lowest two-year growth in a decade.
Boardroom Uncovered: Meet the CEO leading American Golf’s transformation who runs10k every single day May 20, 2024 City AM's exclusive interview with the marathon-running CEO who's leading the transformation of American Golf.