Labour’s newly-installed City minister has promised City A.M. readers she will bolster the international standing of the Square Mile and UK financial services. Tulip Siddiq, in her first words to …
July 2024
City minister Tulip Siddiq: Fixing the foundations of our economy is ‘now a national mission’
Tulip Siddiq is MP, the new economic secretary to the Treasury, better known as the City minister. In her first words to a business newspaper in this role, she tells …
Cazoo racked up debts of over £260m as it collapsed into administration
Cazoo racked up debts of more than £260m as it collapsed into administration earlier this year, it has been revealed. The online car retailer, which was once worth more than …
Wise books another quarter of strong growth as firm rolls out new partnership in Brazil
Global money transfer business Wise has reported yet another quarter of solid growth thanks to customer retention and new customer acquisition. In the company’s first-quarter trading update, which was published …
Experian: Strong consumer sales helps firm maintain expectations
Strong growth in North America has helped consumer and data analytics firm Experian to maintain its positive start to the year. Global revenue for the FTSE 100 constituent, which has …
Sir Tim Martin: Wetherspoon boss on Brexit, his successor and how he lost £100m
Sir Tim Martin, the founder and chairman of pub giant JD Wetherspoon, has opened up about the impact being such a prominent campaigner for Brexit has had on him and …
Bloomsbury: Publisher of Harry Potter and Sarah J. Maas series eyes bumper revenue
Bloomsbury is on track to grow its revenue to almost £320m as the publisher of JK Rowling’s Harry Potter has continued to feel the impact of the blockbuster series. The …
Vanquis Bank reports surprise balance sheet hit after investigation
After an internal review, specialist lender Vanquis Bank has reported a further hit to its balance sheet. In an unscheduled trading update, published ahead of its interim results for the …
RM: Education tech firm’s losses widen as transformation continues
Half-year losses at education tech firm RM widened after the business implemented a long-term transformation plan to become a leading education technology platform. Pre-tax losses increased by 121.9 per cent …
Ocado: Losses mount but chief sees ‘clear roadmap’ to profit
Online grocer Ocado, which had a difficult start to week after shares plummeted when a leading broker downgraded the stock, has reported a pre-tax loss of £153.9m for the first …