Russia back at London court in long-running oil row
Russia is back at an English court today over a long-running battle with former shareholders of oligarch Mikhail Khodorkovsky oil company
Exclusive: Brooks Macdonald makes senior layoffs
Brooks Macdonald has laid off a number of senior staff, including the firm’s global head of distribution, in a bid to save costs, City AM can reveal. The redundancies from the asset manager were des
Business confidence plunges to lowest level since Liz Truss’s mini-budget
Rachel Reeves’s tax hikes have pushed business confidence to its lowest level since the wake of Liz Truss’s calamitous mini-Budget, as firms fret over a surge in costs and slowdown in the domestic
Tulip mania was only ever going to end one way
Yesterday, I asked whether Tulip Siddiq would still be the City minister by the end of the day, and just as the sun went down we got an answer: nope. Here in the City AM newsroom we shall miss the sta
Most retailers will hike prices in response to Reeves’ National Insurance Budget raid
Two thirds of CFOs have said their business will be forced to raise prices as a result of higher wage bills, according to a new survey. Around 70 per cent of respondents to the survey, which looked at
Russia sanctions under spotlight in landmark case with Abramovich ally
UK Russian sanctions will be under the scope at the Supreme Court today as Eugene Shvidler seeks to remove the sanctions against him
Kurt Geiger: Record holiday trading as US expansion pays off
Growth at Kurt Geiger outpaced expectations last year driven by American demand for the luxury footwear and accessories brand. Despite general gloom in the retail sector, December 2024 was the most pr
Lloyds Banking Group to shut major office impacting 500 staff
Lloyds Banking Group will shut its office in Liverpool later this year, in a move set to impact the site’s 500 staff. The group said its decision to close its Speke location is part of broader plans
Ashmore: Asset manager’s stock surges as investor withdrawals subside
Ashmore stock surged five per cent in early trading this morning after the asset manager reported a sharp reduction in outflows. Investors pulled $400m (£327m) from the emerging markets specialist ov
Royal Mail IDS owner to return to profit as Kretinsky takes reins
The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels it delivered over Christmas.