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Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity…
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The co-founder and CEO of the [used car platform](https://www.cityam.com/people-and-organizations/motorway/), Motorway, discussed how he built a $1 billion business from the ground up following the largest setback of his professional life. In a forthcoming episode of *City AM*’s [Boardroom Uncovered](https://linktr.ee/boardroomuncovered), Tom Leathes shared insights into how he and his fellow founders chose the automotive sector for…
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Treasury chief secretary Darren Jones refused to rule out further tax hikes in the autumn budget on Sunday. Asked on GB News whether he would rule out tax rises later this year, Jones said “that will be subject to the OBR forecasts… it’s right that we take these types of decision in an orderly way.”…
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Metro Bank has received a takeover approach from Pollen Street Capital, sparking fresh concerns over the number of companies leaving the London Stock Exchange amid rising private equity interest. Read more: Metro Bank takeover approach adds to fears of London Stock Market exodus
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Business leaders and entrepreneurs in the fields of technology, recruitment, and banking have been acknowledged for their valuable contributions to UK business in the King’s birthday honours list. Clare Barclay, the leader of Microsoft UK, along with Emma Bridgewater, the acclaimed founder of a distinguished ceramics enterprise, were honoured with damehoods for their contributions to…
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If London is serious about shaping the next era of tech, we must treat semiconductors as vital national infrastructure, writes Russ Shaw.
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A senior official admits errors in PPE Medpro contract approval, as day two of the £122m High Court case reveals confusion and contradictions inside the government’s Covid procurement process. Read more: PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns
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The High Court has upheld Labour’s decision to apply 20% VAT to private school fees.
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The rising popularity of padel and pickleball has helped health club chain David Lloyd make a profit for the first time since being acquired by private equity giant TDR Capital. The Hertfordshire-headquartered chain has reported a pre-tax profit of £32.2m for 2024, new accounts filed with Companies House have revealed. The results come after the…
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French energy giant EDF has acquired EV charger company Pod Point for just £10 million, down from its £352 million IPO valuation in 2021, after a sharp drop in revenue and continued losses. Read more: EDF buys EV charger firm pod point for just £10m – four years after £352m london float