The UK arm of private jet charter company VistaJet has fallen into the red despite its revenue climbing closer to the £100m mark. For 2024, the division has reported a …
Investing
B&M shares tumble as boss vows to ‘correct operational weakness’
Shares in B&M have tumbled after the discount retailer reported sliding profits. The groups chief executive vowed to “correct the operational weaknesses” as the firm warned it expects to report …
LEVC: London electric taxi company loses £180m
LEVC, the London electric taxi company, lost almost £180m during its latest financial year as its sales were slashed. The Coventry-headquartered electric taxi maker, which is also known as London …
Lime bikes: UK sales spike as expansion continues
Turnover at the UK arm of shared bikes provider Lime has spiked as its expansion across London continues, it has been revealed. Lime Technology has reported a turnover of £111.3m …
Sir Jim Ratcliffe’s Ineos issues ‘urgent warning’ amid job cuts
Sir Jim Ratcliffe’s Ineos is to cut 20 per cent of the workforce at its Acetyls plant at Hull, it has been confirmed. In total, 60 jobs are set to …
Exclusive: Welsh Fire co-owner wants Hundred to be T20 within two years
The Indian-American co-owner of The Hundred franchise Welsh Fire, Sanjay Govil, wants the competition to drop its unique format and become a T20 league within two years. The 100-ball format …
FTSE 100 Live: Dealmaker confidence sinks, Halifax House Price Index
Good morning from the City AM liveblog team. Last week, PM Keir Starmer appeared to leave Labour conference on a high — seeing off threats to his leadership and resetting …
On this day: Fox News hits our screens
On this day in 1996, Rupert Murdoch launched Fox News Channel and changed the American news landscape, writes Eliot Wilson Thirty years ago, 20th Century Fox was a film and …
China spy row reveals a divided Whitehall
The UK’s relationship with China has swung through various degrees of warmth in recent years, but there have been some recurring themes. When David Cameron and George Osborne hailed the …
Unlock pension funds to power up UK infrastructure
Unlocking capital from pension funds could power up our infrastructure while also providing better returns for customers, writes Mike Eakins The UK is at a critical juncture in its pursuit …