Earnings at private equity-owned Morrisons have laid largely flat for the year, according to an update by the supermarket. Revenues excluding fuel topped however £14.9bn in the 2022/23 financial year…
Former Chancellor George Osborne has joined Coinbase’s global advisory council, the firm announced today, as the multibillion-dollar cryptocurrency exchange considers relocating to the UK as part of plans for international…
IKEA’s UK profits more than doubled during its latest financial year as it sets it sights on opening new stores. The retail giant has posted sales of £2.46bn for the…
Forget Dishoom, Veeraswamy is the inspiration for the UK’s beleaguered curry houses, says Adam Bloodworth Anjan Saha, general manager at Veeraswamy, does not mess around. “Which starters shall I order?”…
Russian banks posted record profits in 2023 in news that surprised even the country’s own central bank, showing how the state is weathering Western sanctions over the war in Ukraine.…
Microsoft recorded another strong quarter in the three months to December but investors were concerned about the rising costs of investment in AI. In the three months to December, Microsoft’s…
The Prime Minister fasts for 36 hours each week – is that a good thing? Our columnists battle it out before City A.M. delivers the verdict. Benedict Spence is a…
A collaboration between 127 experts, including the former UK COO of Aviva, has resulted in the creation of a code of conduct for the insurance industry for using AI. This…
Oak Furnitureland slumped to a loss of almost £32m during its latest financial year, newly-filed documents have revealed. The Swindon-headquartered company has posted a pre-tax loss of £31.9m for the…
The former City minister claimed Labour’s plans for the City are like “dog food lasagne” today as the government looked to fight off a major Rachel Reeves charm offensive on…