Inchcape: Car dealer’s profit rises after £346m sale of UK retail arm
On an adjusted basis, both pre-tax and operating profit rose seven per cent in constant currency to £226m and £299m, respectively.
WPP: Ad giant names former BT boss Jansen as new chair to navigate AI challenges
Advertising giant WPP has appointed the former BT boss Philip Jansen as its new chair after a long search for a steady hand to help it navigate a difficult time. The rise of AI has caused upheaval wit
Eurozone grows faster than expected but Germany faces recession threat again
The eurozone grew slightly faster than expected in the second quarter, but Germany slumped back into contraction as Europe’s largest economy faced the threat of recession again. Figures released tod
Selfridges chief quits in surprise move for struggling retailer
The chief executive of Selfridges has unexpectedly quit, having been in the job since the start of the pandemic. Andrew Keith, who joined in 2020, will leave the company that owns the famous flagship
FRC: Audit regulator’s review flags troubling performance by BDO and Mazars
The Financial Reporting Council (FRC) has published its Annual Review of Audit Quality, highlighting troubling performance from audit firms BDO and Mazars
Royal Mail: Shareholder rebellion threatens Czech Sphinx bid
A shareholder rebellion has left Czech billionaire Daniel Kretinsky's £3.6bn bid for Royal Mail up in the air.
Games Workshop: ‘Exciting times’ as Warhammer-maker posts best-ever results
Warhammer maker Games Workshop has reported its best-ever set of results as revenue grew by 11.1 per cent to £494.7m for the 53 weeks ended June 2.
Loss for talent: What impact does the London housing crisis have on start-ups in the City?
Britain’s ongoing housing crisis has created a knock-on effect for start-ups, according to new research shared exclusively with City A.M., as small business owners begin to struggle to attract and r
Paragon Bank confirms targets with business running ‘ahead of expectations’
FTSE 250-listed Paragon Bank said new business levels were running “ahead of expectations” as the lender remained on track for its full year targets. Paragon, based in Solihull in the West Midland
BP: Oil giant lifts dividend as it beats expectations in second quarter
Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower refining margins.