The Competition and Markets Authority has ruled the £2.5bn merger between Barratt and rival housebuilder Redrow would likely result in a “substantial lessening of competition.” In a statement published today, the…
Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms…
As City A.M. bids adieu to its current home, Lucy Kenningham considers The Tiktokers With change comes loss. As City A.M. prepares to leave its current riverside offices, dubbed City…
An acceleration in rental growth and a more stable investment environment has helped office giant Derwent London upgrade its rental guidance. In its half-year results this morning, the FTSE 250…
Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Gross transaction value (GTV) came in…
Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.…
Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s…
Gambling and entertainment company Entain has reported a narrower loss and upgraded its guidance amid signs the FTSE 100 company’s strategy is “bearing fruit.” The Ladbrokes owner booked a loss…
Sales and profit increased at estate agent Savills in the first half of 2024 as both commercial and residential markets begin to show signs of recovery. The FTSE 250-listed firm…
This is a Paris you’ve never known and never will again. Empty side streets speak of Parisians good to their threats to vacate for the Olympics. Hotel receptionists attest to…