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      UK manufacturers facing ‘steel quota cliff edge’

      The steel industry has been particularly badly hit by rising energy costs

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By: Rupert Hargreaves

Rupert Hargreaves is CityAM's Chief Operating Officer. He was previously the Managing Editor and CityAM's News Editor. Today he edits Whisky Business: CityAM's monthly look at the world of whisky and covers the insurance sector, including Lloyd's of London. Before joining CityAM, he helped lead the digital team at MoneyWeek, the UK's best-selling financial magazine. Rupert has nearly 20 years of experience in financial journalism and holds qualifications from the CFA Institute and the Chartered Institute for Securities & Investment (CISI).

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All 298 Articles
  • Hikma: Pharma giant starts year strong as new product sales surge in key markets

    April 25, 2024

    In 2023, the group became the second-largest pharmaceutical company in Middle East and North Africa by sales.

  • WPP expects to return to growth in second-half as AI tools ‘deployed at scale’

    April 25, 2024

    For the full year, the company said it expected to report like-for-like revenue growth less pass-through costs of zero to one per cent.

  • Astrazeneca’s revenue surges as pipeline investments pay off

    April 25, 2024

    Pascal Soriot, chief executive officer of AstraZeneca, said: "Astrazeneca had a very strong start in 2024 with substantial total revenue growth of 19 per cent in the first quarter.

  • Severfield launches buyback as booming steel demand in UK and Europe powers record backlog

    April 17, 2024

    The acquisition of Voortman has helped the firm diversify from its home market in the UK, with 32 per cent of its order book now located in Europe.

  • Saga cruises back to growth as over 50s return to the high seas

    April 17, 2024

    Saga's ocean cruising business roared back to life with underlying profit before tax hitting £35.5m, compared to an underlying loss after tax of £0.7m in the previous year.

  • De La Rue: Struggling British banknote maker reassures market it’s on track to hit profit target

    April 17, 2024

    Last year, the company informed markets that demand for banknotes had slumped to the lowest level in 20 years.

  • Leave London if UK markets are ‘unwilling or unable’ to engage, hedge fund tells Wood Group

    April 16, 2024

    In the letter, which CityAM has also seen, Sparta said it has been a shareholder in Wood since "early 2022," and during that time, the fund has been "frustrated by the continued underperformance of the shares."

  • Tclarke becomes the latest firm to leave the London Stock Exchange with £91m buyout

    April 16, 2024

    Regent has offered 160p per share in cash for Tclarke as well as a final dividend of 4.525p per share, representing the final dividend for the latter's financial year ending 31 December 2023.

  • Inchcape to sell its UK retail operations for £346m

    April 15, 2024

    Inchcape's UK retail operation employs 3,600 people and sells vehicles from 80 sites.

  • Regulator warns firms over provisions for motor finance claims

    April 12, 2024

    It said it had "observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources."

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