The government borrowed more than expected in February, but borrowing in the financial year was still on track to be its lowest for four years. According to figures from the …
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Virgin Money agrees to £2.9bn Nationwide takeover
The board of Virgin Money has accepted a £2.9bn takeover offer from high street rival Nationwide to create the UK’s second-largest provider of mortgages and savings. The takeover, which Virgin …
Next: High street champion trades ahead of expectations again
Fashion retailer Next has traded ahead of expectations again, reporting a record pre-tax profit of £918m during the full year. This is three million pounds ahead of the guidance of …
Gatwick: Britain’s second-busiest airport boosted by new airlines and station revamp
London’s Gatwick Airport reported another strong set of passenger figures for the year, boosted by a string of new airlines making it its home and a revamp of its station. …
Asset manager M&G tops City expectations as firm remains ‘on track’ for its 2025 targets
Insurer and asset manager M&G posted profit above analysts’ expectations in 2023 while recording net inflows despite the challenging market environment. The firm’s assets under management and administration picked up …
Wales play down club v country row over Aaron Ramsey ahead of Euro 2024 play-off
Wales manager Rob Page has played down tensions with Cardiff over the inclusion of captain Aaron Ramsey in their squad for tonight’s Euro 2024 play-off against Finland. Ramsey has not …
Hostelworld beats expectations thanks to Asia travel demand boom
Online travel agency Hostelworld Group has traded ahead of expectations, thanks to an increase in demand for travel in Asia. The Irish company, which is listed in London, said adjusted …
Jimmy McLoughlin’s notebook: What Rishi (might) do next
Jimmy McLoughlin is the man behind Jimmy’s Jobs of the Future, a podcast looking at the future of work. He writes for City A.M.’s notebook, a place where interesting people …
It’s a deal: six ways to think about sustainabililty in M&A transactions
Some of the most significant risks and opportunities facing businesses today centre on sustainability. As risks, they can result in financial losses and regulatory breaches, and even potentially destroy reputations …
Ed Warner: Horse racing has a potent calling card – but needs urgent change
The Cheltenham Festival of 2020 will forever be remembered for non-sporting reasons. It was the super-spreader event that presaged Britain’s pandemic lockdown. The Festival’s spectator numbers bulged two years later …