TSB Bank has recommended a £120m award to its Spanish parent company as it reported a jump in annual profits on the back of high interest rates, despite a rise …
Financial Planning
Club L London: Sales almost double as profits rise and headcount jumps
Sales have almost doubled at fashion retailer Club L London during a year which also saw its profits and headcount jump. The Manchester-headquartered brand has reported a turnover of £29.5m …
One Undershaft: Plans resubmitted for 74-storey London tower to rival The Shard
Developers have submitted updated plans for a new London skyscraper that would be the same height at The Shard. The proposed tower, One Undershaft, was granted approval in 2016, but …
Insolvencies rise helps Leonard Curtis back into the black
The rise in company insolvencies across the UK helped Leonard Curtis back into the black during its latest financial year, new documents have revealed. The restructuring and recovery group made …
DMG and News Corp: Competition watchdog launches inquiry into merger of Sun and Mail publishers
The Competition and Market Authority (CMA) has launched a merger inquiry into the Sun and Mail publishers plans to combine print operations. Daily Mail and General (DMG Media) and News …
Hugh Osmond-backed Various Eateries plots Noci expansion as it absorbs inflation price hikes
Various Eateries, the London-listed restaurant chain backed by Hugh Osmond, is plotting an expansion after fundraising over £10m. In an update this morning, the firm said it would open 10 …
Sexual misconduct probe was launched against sacked Endeavour Mining boss
The former head of Endeavour mining who was sacked for serious misconduct relating to irregular payments faced sexual misconduct allegations while with the firm, reports reveal. Endeavour’s board instructed legal …
FTSE 100 live: London markets mixed before Bank of England interest rate call
London’s FTSE markets made an uncertain start to the day as investors await the Bank of England’s latest interest rate decision. The FTSE 100 index was trading up 0.07 per …
Worst corporate jargon of the week awards: Jumping on a call
Every one of us has been an email chain which is borderline unintelligible for the amount of corporate lingo thrown in there. At City A.M., we’re taking a stand and …
Allwyn facing ‘legal issues’ as it takes over National Lottery today
Entertainment group Allwyn is set to take over as the National Lottery operator today, marking the first time the licence has changed hands in thirty years, but legal issues have …