Uber has announced an inaugural $7bn (£5.6bn) share buyback programme after the ride-hailer reported its first ever annual operating profit last week. It comes following tech giant Meta announcing a …
Financial Planning
Revealed: The City of London’s top dealmakers of 2023
Last year was not a vintage year for dealmaking in the City as the impact of higher interest rates and economic uncertainty put corporate mergers and acquisitions into a state …
BAE Systems gets green light for £4.4bn Ball Aerospace acquisition
BAE Systems has been given the regulatory green light for its blockbuster £4.4bn acquisition of Ball Aerospace. In a statement on the London Stock Exchange, the weapons giant said it …
Mastercard and Visa are back in court over class action on interchange fees
The long-running dispute on Mastercard and Visa’s interchange fees is back at the court today for a liability hearing, with another hearing scheduled to run into next year. The case …
A mystery: One of Brick Lane’s iconic beigel shops has shut – and nobody knows why
One of two Brick Lane beigel shops – which have provoked heated debate amongst Londoners for decades – is shut, and nobody quite knows why. Brick Lane Beigel Shop – …
Bank of England racks up £20m maintenance bill for iconic headquarters
The Bank of England has reportedly spent more than £20m on maintenance-related contracts for its Grade I-listed building since last September. Financial News reported that, based on analysis of its …
Dispensa to delist from London Stock Exchange after market cap collapse
Dispensa, the holding company that focuses on luxury food brands, is set to delist from the London Stock Exchange, as the firm has fallen to just £2.3m in market cap. …
Train drivers to strike for six more months as union boss says transport sec ‘hasn’t seen fit to talk to us’
Train drivers from five rail companies have voted to continue strike action for six months in the ongoing dispute over pay. The Aslef Union voted overhwelmingly to continue industrial action …
UK and London house prices drop again but ‘affordability still a huge barrier’
House prices fell in December with the average price of a property now costing £285k – but it’s still hard to afford a home for lots of Britons. The figure, …
‘A real market character’: John Bridges (1942-2023)
This week, a memorial service will be held to mark the passing of John Bridges, a long-time stalwart of the City. His daughter writes for City A.M. on a true …