High street darling Marks and Spencer has announced plans to invest over £30m in new and renewed stores across London this financial year. The Percy Pig-maker is opening two new fresh-market …
May 2024
SCS: Chief who oversaw £100m take-private deal to step down
The chief executive who oversaw SCS’s departure from the London Stock Exchange after accepting a takeover deal towards the end of 2023 is to step down this summer. Steve Carson …
Team GB Olympic preparations continue with European track championships
Great Britain & Northern Ireland’s bid for track and field success at the Olympics will see a 70-strong team, spearheaded by Keely Hodgkinson and Katarina Johnson-Thompson, head to Rome for …
Bentley names Porsche boss as new chairman and chief executive
Luxury car maker Bentley has named a top executive at Porsche as its new chairman and chief executive. Frank-Steffen Walliser will take on the roles at the Crewe-headquartered manufacturer on …
London prime property: How non-dom tax changes will impact the market
Prime central London property prices are expected to fall by one per cent this year, after it was previously predicted they would rise by a percentage. Estate agent Knight Frank …
Wimbledon in New York? British tennis Championships return to Big Apple
New York will have a Wimbledon fan zone yet again after The Hill was recommissioned for a third year. Moving to a bigger venue on the banks of the East …
Boohoo abandons £1m bonuses for top execs after shareholder backlash
The top bosses at fast fashion giant Boohoo will now not receive bonuses of £1m after shareholders reacted angrily to the plans. Last week, City A.M. reported that the Manchester-headquartered …
Property developer Related Argent inks deal for £200m build-to-rent Brent Cross homes
Property developer Related Argent has formed a joint venture to construct the third development of build-to-rent homes at Brent Cross Town in London. The joint venture with NTT UD Europe …
Debt headache as just a quarter of execs have experience of higher interest rates
The vast majority of businesses are navigating the transition to higher interest rates without executives who have experience of elevated borrowing costs, a new report suggests. According to a report …
Nick Train: We ‘acknowledge and apologise’ for our poor performance
Nick Train, manager of one of the UK’s largest investment houses, has apologised for his poor investment performance, citing the “malaise gripping the UK equity market”. Train’s Finsbury Growth and …