After months of debates around whether the UK would or would not fall into a recession, we finally have an answer – it did. Figures out this morning showed that …
Investing
New names and colours for six London Overground lines announced
London’s six Overground lines are to be given a new name and line colour in a bid to make it easier for passengers to get around. Transport for London (TfL) …
Jet2 hikes profit guidance after customers splash out on package holidays
Jet2 has hiked its annual profit forecast amid “robust” pricing and soaring demand for its package holidays and flights. The airline and tour operator is anticipating group profit before foreign …
Swisscom last remaining suitor for Vodafone’s Italian business after Illiad snub
Telecoms company Swisscom is reportedly the last company standing for a potential tie-up with Vodafone’s Italian business. A combination with Swisscom’s Fastweb Italian business is the last remaining option Vodafone …
Ithaca Energy scales back North Sea investment due to energy windfall tax
Ithaca Energy said today that its full-year earnings would be in line with its guidance, as the firm grapples with a sinking stock price. The North Sea oil and gas …
Stellantis chief warns of ‘turbulent’ year as Detroit Three strikes dent profits
The chief executive of Stellantis has said the carmaker will remain “rock solid” ahead of a “turbulent” year, as second half profits took a hit from strikes at the ‘Detroit …
Jeremy Hunt and Rishi Sunak’s uphill task just got a bit steeper
Jeremy Hunt will be glad we’re not hosting this summer’s Olympic and Paralympic Games. He would be at risk of an even louder shower of boos than George Osborne received …
Mark Kleinman on the Premier League, Natwest’s shares and a boardroom brouhaha
Mark Kleinman is Sky News’ City Editor and writes a weekly column for City A.M. And you thought the official overseeing the much-derided VAR had the toughest job in the …
Airbus forecasts higher A320 deliveries and announces special dividend as Boeing struggles with 737 Max 9 crisis
Airbus said it expects to deliver 800 of its best-selling narrowbody A320 jets this year, as its long-term rival Boeing struggles in crisis after a major incident with its 737 …
Surging profits at British Gas help owner Centrica report bumper profits
Centrica, the owner of British Gas, issued a “strong 2023 financial result” today, as the company’s retail division saw a sharp jump in profits for the year. In the company’s …