British shopping centre giant Hammerson has taken a £500m loss on the £1.5bn deal to sell its share in the company behind Bicester Village. The London-listed company reported a loss of …
July 2024
Relx: Data firm reports £1.5bn profit thanks to AI boost
Data and analytics group Relx continued to push up revenue as profit reached over £1.5bn in the first half of the year, with the group crediting demand for analytics underpinned …
Anglo American: Slowdown at Yorkshire site causes hefty write down
Anglo American’s first set of results since shrugging a off a takeover attempt from Australian rival BHP were weighed on by a set back in one of its Yorkshire crop …
Virgin Wines returns to black as subscription sign ups soar
Virgin Wines has returned to profitability despite a “challenging” backdrop. The London-listed company reported a pre-tax profit of £1.95m in the 12 months ending June 30, 2024, up from a …
Lloyds Bank profit slides as interest rate boom slows
Lloyds Banking Group recorded a slide in profit in the first half of the year after a surge in costs and a slowdown in the amount of cash it was …
Revolut’s long wait for a banking licence finally comes to an end
After more than three years, Revolut’s wait for a banking licence is finally over after it received authorisation from the banking watchdog. Revolut said it would now enter the ‘mobilisation‘ …
The Debate: Should B Corps cut ties with fossil fuel companies?
City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. The Debate: Should B Corps cut ties with …
BT revenue dips amid cost-cutting strategy and record fibre expansion
BT has reported total revenue of £5.05bn in its first quarter of trading, a two per cent decline from the same period in 2023. The giant said the drop was …
Mitchells & Butlers: Drink sales help Toby Carvery and All Bar One owner achieve another record period
All Bar One owner Mitchells & Butlers said its continuing to rebuild its margins as it reports yet another period of sales growth. The no frills dining and pub chain, …
Centrica: British Gas gets taste of normality after two years of bumper profits
The owner of British Gas, Centrica, has blamed “normalising” market conditions after two years of bumper results for its heavy slide in profit in the first half of this year. …