Deal agreed to sell 235-acre failed Britishvolt site to US private equity giant Blackstone
A deal has been agreed to sell the site of failed EV battery business Britishvolt in Northumberland to a US private equity giant.
Samsung steals smartphone crown from Apple as Chinese rivals Huawei, Oppo and Xiaomi eat into market
Apple's iPhone sales sagged 10 per cent in the first three months of 2024, while Samsung shipments also fell, but only by 0.7 per cent.
Revolut UK chief: New York threatening London’s ‘supremacy’ in fintech
London is at risk of losing its fintech “supremacy” to New York, the UK boss of Revolut has said, as the city boasts a plethora of top talent and the depth of its capital markets will tempt compan
Health tech group to expand in UK amid booming private healthcare demand
The provider of 'at home' healthcare services is eyeing a £3m funding round, aiming to add seven new sites to its existing three locations.
Goldman Sachs beats expectations as investment bank shows signs of recovery
A nascent recovery in investment banking helped Goldman Sachs outperform expectations, with quarterly profit rising 28 per cent to over $4bn in the first quarter of the year.
Uniqlo: Viral TikTok trend helps boost European sales past £1bn
Uniqlo's sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed.
Abrdn and two more City giants shun Sizewell C nuclear project
The government is currently the majority shareholder and is currently investing a total of £2.5bn in financial support for the project.
Boardroom Uncovered: Exclusive interview with IKEA’s UK chief
Watch the first episode of City A.M's new on-camera interview series with the UK boss of retail giant IKEA.
City grandee and Kingfisher chair Andrew Cosslett to step down after seven years
The City grandee chairman of the owner of B&Q will not stand for re-election, it was announced on Monday, a move which follows a string of profit warnings at the firm.
The campaign to divest from BP and Shell isn’t working. Here’s why
The campaign for institutional investors to divest from oil giants like BP and Shell hasn't made any progress due to the companies' strength on indexes, a new study has found.