Arcontech, which specialises in financial market data processing, has reported a jump in profits as its blue-chip client base remains loyal despite tough economic conditions. The AIM-listed firm’s pretax profit …
Glencore reports steep drop in profit as the good times come to an end for the mining giant
Glencore has reported a drop in profit and reduced shareholder returns following the “normalisation of international energy flows.” The firm’s full-year 2023 figures showed the group reported earnings before interest, …
Pawnbroker H&T snaps up Essex firm as recession drives Brits to borrowing
Pawnbroker H&T has snapped up a fellow broker firm in Essex for £11.3m, as the business continues to profit from cash-strapped Brits amid an economic squeeze. This morning, the UK’s …
BAE Systems’ order backlog hits record levels as global defence spending booms
BAE Systems order backlog reached record levels in 2023, as defence spending boomed in the wake of the war in Ukraine and rising geopolitical tensions globally. Britain’s premier defence contractor’s …
Inglorious Barca: Identity crisis engulfing Barcelona’s Champions League last chance
It is rarely a quiet week at FC Barcelona, and in the last few days, ahead of a crucial Champions League match, tensions have heightened as their unique identity – …
Business ‘debanking’ driven more by cost and reputation than tackling financial crime, MPs find
A group of MPs has accused banks of closing business accounts mainly due to cost and reputation, rather than clamping down on financial crime, amid a gulf between “debanking” and …
Rio Tinto announces another bumper dividend for investors despite profit slump as focus on cash flow pays off
Mining giant Rio Tinto has announced another bumper payout for investors despite falling profit. The world’s largest iron ore producer reported underlying earnings of $11.8bn (£9.4bn) for 2023, down from …
HSBC unveils record annual profits and fresh buyback but hurt by writedown on China bank holding
HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were …
One clear trend from London Fashion Week? The tourist tax is failing retail
London’s fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi London Fashion Week drew to a close …
The Debate: Will citizens’ assemblies help fix democracy?
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. Will citizens’ assemblies help fix democracy Simon Kaye …