Investment trust HICL Infrastructure is set to sell its £183m stake in an American toll-road project, using the cash to begin a major share buyback programme. The trust said today …
Retirement Planning
Taylor Wimpey confident on year ahead despite profit slump in 2023
Housebuilder Taylor Wimpey saw its operating profit fall 49 per cent last year as the number of homes built by the company dropped 24 per cent. This morning, the FTSE …
FTSE 100 live: London opens in the red as shares in St James’s Place crash
London’s FTSE indexes opened in the red on Wednesday as St James’s Place shares cratered following a disappointing set of results. The blue-chip index opened 0.29 per cent lower at …
Losses neared £70m at group behind kitchen maker Magnet due to cost-of-living crisis
Almost £70m was lost by the group behind kitchen maker Magnet after being hit by “unprecedented” inflation, “elevated” energy prices and “notably subdued markets” due to the cost-of-living crisis. The …
Boodles: Demand for the most expensive jewellery helps sales pass £100m
Demand for the most expensive luxury jewellery helped sales pass £100m at Boodles during its latest financial year. The family-run company, which was founded in 1798, has posted a turnover …
Spring Budget 2024: Just four per cent of London homes exempt from ‘hefty’ stamp duty fees as pressure mounts on Hunt
Just four per cent of homes on sale in London are exempt from “hefty” stamp duty charges, as fresh pressure is piled on the UK Chancellor to reform the levy …
Spring Budget 2024: Tax cuts are ‘bad economics and politics’ and voters prefer investment, Tony Blair Institute finds
A majority of voters want the government to prioritise long-term investment in public services in the Spring Budget rather than tax cuts, according to new polling conducted for the Tony …
How Formula 1 is looking beyond Drive to Survive in search for new fans
The success of Drive to Survive in attracting new fans and growing the revenue of Formula 1 has spawned imitators in just about every sport, from tennis to golf, rugby …
Vodafone to shrink again as it agrees £6.8bn offload of Italian division
Vodafone has taken the next step in a radical restructuring of the group, agreeing to offload the Italian arm of the company in a multi-billion deal. Vodafone has agreed to …
The Debate: Are flat workplace structures a good idea?
City A.M.’s new weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. Are flat workplace structures a good idea? …