Supermarket giant Sainsbury’s has said it plans to cut some 1,500 jobs as part of efforts to reduce costs by around £1bn per year. The layoffs, subject to consultation, are…
The number of wealthy Brits rose in 2023, more than reversing the decline reported post-pandemic in 2022. Ultra-high-net-worth individuals (UHNWIs) – classed as those with over $3m in net wealth – increased…
Sales of classic Old Masters made the best-performing arty asset class in 2023, although modern art seems to be falling out of favour. Fresh figures from the Knight Frank Luxury…
Outsourcer Serco’s chief exec believes a world of growing “complexity” is likely to stimulate demand for the contractor’s solutions, he told City A.M. this afternoon, whilst also committing to maintaining…
The locations of The Body Shop stores which are to close following the brand’s collapse into administration have been revealed. A total of 116 shops are to continue trading following…
Michael Gove is under investigation by Parliament’s standards watchdog, it has emerged. The standards commissioner Daniel Greenberg opened the probe into the secretary of state for housing, communities and local…
London has climbed to second in the Schroders Global Cities index, after falling from the top spot last year. The index, which ranks cities based on economic, environmental, innovation and…
World Athletics chief Seb Coe has rubbished plans for a doping Olympics, the Enhanced Games, as “bollocks”. The former Olympic champion was speaking ahead of this weekend’s World Athletics Indoor…
Former Manchester United star Paul Pogba has been handed a four-year ban from football by Italian anti-doping chiefs for testing positive for testosterone. Juventus and France midfielder Pogba returned the…
Outernet’s arrival in the West End has transformed one corner of Charing Cross Road – and become a global hub for cutting-edge advertising. Boss Philip Boucher O’Ferrall shows City A.M.…