Ritz Paris, the luxury hotel owned by the Al-Fayed family, saw its profit slashed during 2023 despite sales jumping thanks to its continuing popularity among US visitors. The five-star hotel …
Personal Finance
Life sciences firm hVIVO cancels Euronext listing to focus on London
Life sciences firm hVIVO has said it is cancelling its admission to listing on Dublin’s Euronext Growth exchange to focus on consolidating its presence on London’s AIM market. The company, …
Societe Generale offloads UK and Swiss private banking units in latest sales
French bank Société Générale has struck a deal to sell its UK and Swiss wealth management businesses to Geneva-based Union Bancaire Privée for €900m (£771m) as part of efforts to …
Guild Esports: David Beckham-backed firm receives bid after funding warning
The David Beckham-backed gaming company Guild Esports has received a takeover offer from the investment group DCB Sports after it warned last week it was facing a financial crisis. The …
Lloyds Bank hires Amazon Web Services exec for first new AI director role
Lloyds Banking Group has hired an Amazon Web Services (AWS) executive as its first group director of artificial intelligence (AI) and analytics. Rohit Dhawan, who has led AWS’s data and …
Newriver’s Ellandi acquisition gives boost to results as firm eyes up Capital & Regional bid
Newriver, the London-listed retail real estate investment trust (REIT), managed to shrug off wider issues in the commercial property market during its first quarter thanks to a recent deal. The …
Clarkson hikes dividend and reaffirms full-year outlook
Clarkson, the world’s largest shipbroker, has hiked its dividend and reaffirmed its full-year guidance as it flagged “favourable” supply and demand dynamics in the global shipping industry. In its unaudited …
TVL makes ‘strides’ in securing £19.5m investment for refinery set to power UK’s EV boom
The company behind Tees Valley Lithium (TVL) said it is making “significant strides” in securing up to $25m (£19.5m) in funding for its Wilton refinery project. The London-listed company Alkemy …
Forget Reform, it’s the Lib Dems the Tories need to worry about
Where the City’s movers and shakers have their say. Today, it’s James Chapman, director of Soho Communications, with the pen The real election story One of the biggest stories of …
Reeves’ ready source revenue: private wealth
Rachel Reeves first Budget will reveal how the government really sees the economy – and those promises of growth are looking increasingly elusive, says Eliot Wilson “I think we will …