Scottish Power owner to invest £12bn in Britain to support green energy and offshore wind November 27, 2023 Spain's renewable energy giant Iberdrola has announced plans to invest nearly £12bn in Britain through 2028 in grids and green energy projects.
Hotel Chocolat in the red amid ‘challenging’ current trading landscape December 1, 2022 Chocolate maker Hotel Chocolat has posted a £9.4m loss but said “people are still treating themselves with affordable luxury” despite a cost of living crisis. Its full-year results came in contrast to the previous year’s, where the London-listed firm posted a £3.7m profit after tax. “It goes without saying that the current environment is challenging [...]
Planet Organic calls in advisers as it views sale to fund £30m growth plans February 20, 2023 Last September, the organic grocer said that it was looking to raise £30m over the next two years to help with the roll out of over 100 stores across the UK.
Moonpig customers purchasing cheaper gifts and ‘hesitating’ due to Royal Mail strikes December 7, 2022 Shoppers hunting for birthday and anniversary presents are forking out for cheaper options and hesitating to send cards due to postie walk-outs, Moonpig’s boss has said. Ongoing disruption from Royal Mail strike days was “clearly not helpful” to the greetings cards business, CEO Nickyl Raithatha told CityA.M., as customers expected deliveries on specific days. Customers [...]
Brit Marianne Lake tipped to succeed Jamie Dimon as JPMorgan boss January 28, 2024 British banking executive Marianne Lake is among the leading candidates set to take over from Jamie Dimon as chief executive of JPMorgan Chase after a reshuffle of the US giant's leadership.
Global tech outage: Vital NHS system goes down along with Heathrow, London Stock Exchange and Sky News July 19, 2024 The London Stock Exchange, airlines, banks and media organisations went down in the early hours of Friday.
Ben Francis: Gymshark’s move to the West End ‘completely different ball game’ October 27, 2022 How does Gymshark’s 30-year-old founder feel about the fitness apparel firm moving offline and into the West End? “Buzzing,” Ben Francis tells CityA.M. Gymshark reeled in record profits during the pandemic, as stuck at home Brits took to Joe Wicks workouts and online shopping with abandon. With that now in the rear-view mirror, Francis is [...]
Muji owed up to £85m ahead of being rescued out of administration April 24, 2024 The European arm of Japanese retailer Muji collapsed into administration owing up to £85m before a rescue deal was agreed, it has been revealed.
Exclusive: UK retailers should copy TfL or they miss out on advertising cash, argues City bigwig September 15, 2022 Are UK retailers missing a valuable opportunity to earn money from advertising? A City insider thinks most big brands do, as he urges the High Street’s biggest names to look at TfL and copy their model by rolling out a retail media network. So-called retail media networks are one of the hottest emerging trends in [...]
Gove planning shake-up: ‘We need housing today, not tomorrow’ July 24, 2023 Michael Gove will loosen planning laws to allow vacant shops to be converted into homes as part of his latest efforts to tackle the UK’s housing crisis. On Monday the minister for housing and levelling up revealed a slew of planning reforms as well as a further commitment to building over 1m new homes across [...]