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Brooks Macdonald to move off AIM as firm eyes further growth

  • January 14, 2025
Brooks Macdonald is set to ditch AIM for the London Stock Exchange’s main market as the asset manager looks to enhance its profile and drive growth. In a trading update, the asset manager said that the move would enhance its “corporate profile,” as well as extend the “opportunity to own its ordinary shares to a [...]
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Hays: Recruiter warns on profit amid slowdown in permanent hires

  • January 14, 2025
Recruiter Hays reported another fall in quarterly fees on Wednesday amid an ongoing slowdown in the headhunting market. Group net fees, which are considered an indicator of performance in the industry, dropped 12 per cent in the three months ending 31 December. The downturn was driven by a significant drop-off in permanent hires, down 19 [...]
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Demand for AI tech boosts Currys

  • January 14, 2025
Electrical retailer Currys has reinstated its dividend after a jump in sales related to AI tech helped boost the firm’s top and bottom lines. In a trading update issued this morning, the FTSE 100 firm said it expected to record a profit for its 2024/25 financial year of £145m to £155m, up 23 per cent to [...]
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Liontrust: Outflows continue for money manager

  • January 14, 2025
Investors have continued to pull cash from asset manager Liontrust. In a trading update published this morning, the firm revealed that investors pulled £1.6bn from its funds in the last three months of the year. The firm revealed that assets under management fell 5.3 per cent to £24.6bn at the end of 2024. Markets had [...]
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Exclusive: Brooks Macdonald makes senior layoffs

  • January 14, 2025
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 described by one former employee as “pretty brutal”, having occurred in the months before Christmas. The layoffs first seem to have [...]
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Tulip mania was only ever going to end one way

  • January 14, 2025
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 standing agenda item in our editorial meetings, checking the latest twist of an international corruption [...]
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Kurt Geiger: Record holiday trading as US expansion pays off

  • January 14, 2025
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 profitable month in the brand’s history, with its 17 per cent growth credited to a 54 per cent rise in handbag sales and its [...]
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