Software company Smartspace has received a £28.4m buyout offer (90p a share) from Sign In Solutions, the firm said today. Smartspace specialises in visitor and employee management software for offices, …
Retirement Planning
London ‘no longer the home of mining’ as activist pushes for Glencore to shift listing to Sydney
An activist investor has called for Glencore to shift its listing from London to Sydney and improve cash returns to jump-start its share price. The activist, Tribeca Investment Partners, an …
Motor finance probe accelerates as FCA chief warns it’s ‘improbable we’ll find nothing’
The Financial Conduct Authority said it is looking to accelerate its probe into the motor finance market today as chief Nikhil Rathi warned that it is “improbable we will find …
Deliveroo ends 2023 on a high, expects positive cash flow in 2024
Strong demand for takeaways and lower costs helped Deliveroo record positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) last year. The company reported adjusted EBITDA of £85m, up from …
Empiric Student Property earnings skyrocket thanks to student housing shortage
Empiric Student Property reported strong earnings growth in 2023 as the number of full-time students in the UK reached over 2.2m. The group reported that in 2023, 22 per cent …
London Underground chaos as Metropolitan, Northern Line and Overground suspended
Commuters are facing chaos on the London Underground this morning after signalling issues and faulty trains caused severe delays and suspended services on multiple lines. As of 6:30am, there were …
David Bernstein interview: Former FA chief on saving Manchester City, Premier League charges, why football needs a regulator and beef with Roy Keane
Before Erling Haaland, before Pep Guardiola – before even the Abu Dhabi buyout that catapulted Manchester City to the pinnacle of the sport – there was David Bernstein. The former …
OneSavings Bank’s profit slumps as mortgage customers race to refinance, announces £50m buyback
OneSavings Bank has posted a slump in annual profit after the bank took a £181.6m hit from changing customer behaviour. However, the bank softened the blow to investors by announcing …
Ed Warner: Why invest in hosting sport? Mainly because it’s bloody fun
Ancient Roman satirical poet Juvenal had me bang to rights. Dose me up on bread (artisanal, white sliced, whatever) and sporting circuses and you’ll have me tamed. Lucky, then, that …
Gold could be set to hit new highs in 2024
In December, City A.M. opined that gold would likely continue to build on a strong 2023 as wars showed no signs of abating and major economies continued to wrestle with …