The group behind Liverpool John Lennon Airport slashed its losses as its turnover took off during its latest financial year. According to newly-filed results with Companies House, the group’s pre-tax …
Investing
Is the US heading towards another regional banking crisis?
US regional banks are back in the headlines amid fears that recent history is repeating itself. It was only last March when three regional lenders – Silicon Valley Bank (SVB), …
Victoria Scholar: The economic clouds are parting – for housebuilders, at least
Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy …
Unilever chief: Our competitiveness remains ‘disappointing’
The boss of Unilever has said its performance remains “disappointing” as it posted an underwhelming trading update. This morning, the Dove Soap and Ben & Jerry’s maker said turnover reached …
Wielding pitchforks and flinging cow dung, the EU is beholden to angry farmers
Caving into romanticised notions of the ancient farmers’ ways of old won’t give us the modern, climate-friendly agriculture we so desperately need, writes Lucy Kenningham It’s a hard graft. In …
Stormy weather hits SSE’s output and delays construction of world’s largest wind farm
Renewable energy producer SSE PLC has said the bad weather that hampered its wind farms’ power generation last year could delay the completion of the major Dogger Bank A wind farm. …
Prices in China fall at fastest rate since 2009 as risk of persistent deflation looms
Prices fell at their steepest rate since 2009 in China as the world’s second-largest economy continues to grapple with the threat of deflation. In January, the consumer price index fell …
British American Tobacco slumps to £15.7bn loss as higher impairment charge on US brands wipes out profit
British American Tobacco has today reported a £15.7bn loss for its financial year ended 31 December after it recorded a £27.3bn on the value of its US business. The company …
Gaucho and M owner delivers juicy growth again despite consumer fears
THE restaurant group behind Gaucho and M consolidated a bumper post-pandemic year in 2022 with further double digit profit growth in 2023, City A.M. can reveal. Rare Restaurants saw like-for-like …
Watches of Switzerland: Firm ‘encouraged’ by tourist tax review as UK market underperforms
Luxury retailer Watches of Switzerland is continuing to feel the pinch from rich shoppers scaling back and the damage wrought by the so-called ‘tourist tax’. In an update this morning, …