The FTSE 100 kicked off the new year on the front foot with a morning rally after the fallout from the United States’ capture of Venezuelan President Nicolas Maduro sent …
Financial Planning
Andy Murray’s luxury hotel returns to profit after losing over £1m
The five-star hotel owned by Sir Andy Murray returned to profit during its latest financial year, it has been revealed. The firm behind Cromlix Hotel, which is located near the two-time …
Euan Blair edtech Multiverse laid off dozens more staff after losses widened
An edtech firm founded by Tony Blair’s son Euan laid off dozens more staff after reporting widening losses, its latest accounts show. Multiverse, which was launched in 2016 and hit …
KPMG spin-out Interpath Advisory makes third loss in four years
KPMG’s former UK restructuring division, Interpath Advisory, has fallen to its third loss since breaking away from the Big Four firm in 2021, it has been revealed. The business has …
Betfred rakes in £1.5bn as founders enjoy jackpot payday
The billionaire brothers who founded Betfred have shared a bumper payday after the betting giant raked in almost £1.5bn. The Warrington-headquartered business has posted a turnover of £1.45bn for the …
Used car marketplace Motorway takes out £25m loan after losses widen
Motorway has agreed a fresh £25m loan after the online car marketplace reported widening losses. The London-based tech firm, which hit a valuation of over $1bn in a 2021 funding …
LBC owner loses £140m despite revenue marching towards £1bn
Global, the media giant behind the likes of radio stations LBC, Capital and Heart, lost £140m during its latest financial year despite its revenue continuing its march towards £1bn. The …
Exclusive: Brits say taxpayer shouldn’t bail out struggling football and rugby clubs
The majority of Brits say that the government should not use taxpayer money to support professional football and rugby clubs that are teetering on the edge of financial difficulty. Exclusive …
FTSE 100 Live: Index eyes 10,000 mark after intraday high
Good morning and welcome back to the City AM morning liveblog. The FTSE 100 kicked off the new year on the front foot marking an intraday high of 10,046.25p on …
UK economy showing signs of ‘zombie apocalypse,’ says think tank
The UK economy faces a “zombie apocalypse” in the coming year, as years of tough trading conditions forces thousands of unproductive firms to the wall, an influential left-leaning think tank …