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...The UK’s accounting watchdog is in talks to move its headquarters out of the City of London to Canary Wharf or Stratford, as its plans to relocate staff to a second office in Birmingham face delays....
...holding back the city after a decade of strong economic growth....
...Kingfisher recorded adjusted pre-tax profits of £568mn in the year, down from £758mn the previous year. For the current year, the company expects profits of between £490mn and £550mn....
...SELL: Kingfisher (KGF) A new plan has been concocted in a bid to boost profitability of underperforming French DIY chain, writes Michael Fahy....
...Alain Rabec, who has been chief executive of Kingfisher’s French division since 2019, will retire in September....
...It expects to deliver £470mn of free cash flow, compared with previous guidance of more than £500mn....
...Kingfisher, which is in the middle of a turnaround, said current trading was mirroring the same trends in the past three months, reversing the pandemic DIY boom....
...It expects pre-tax profits of £590mn for the full year, down from previous guidance of £634mn....
...A contentious plan to demolish the former Museum of London to make way for new offices has been placed on hold by Michael Gove, even as the City of London backed the scheme....
...Earlier reports in Iran said that explosions were heard near the cities of Isfahan, in central Iran, and Tabriz in the north west, according to the Tasnim news agency, which is close to Iran’s elite Revolutionary...
...SELL: Kingfisher (KGF) The home improvement retailer gave investors a lot of bad news and not nearly enough good news, writes Mitchell Labiak....
...This issue acts as a curtain-raiser for a year of celebrations. Welcome to Paris 2024. With the Olympics arriving in a few months, the city is in a mad rush to polish up before the torch arrives....
...Kingfisher also announced a new £300mn share buyback programme, following £600mn of buybacks in the past two years....
...Professor Photis Lysandrou Department of International PoliticsCity, University of London, London EC1, UK...
A tour of Paris in the season’s new looks
...The City of London is likely to be affected by alterations to non-dom rules....
Ain’t no love in the chart of the city
...The hero of the peculiar and poignant drama Harold Halibut is a man of endurance....
...São Paulo faces the collapse of its electrical grid following years of under-investment, officials have warned, as widespread blackouts disrupt activity in the largest city in the Americas....
...The two businesses will have combined revenue of £490mn, and have 189 restaurants in the US and the UK and a total of nearly 600 restaurants across 44 countries including franchises....
...Being an old-school broker in the City of London ain’t what it used to be. Technology and competition have hurt profitability in traditional dealing services....
...Less than a month ago a message appeared on a white sheet hung over a bridge in Rosario, a river port city of 1.3mn in Argentina, warning of the impending “death of innocents” if the provincial government...
...Another type of justice — the Russian kind — will be commemorated on Friday with the anniversary of Wall Street Journal reporter Evan Gershkovich being arrested in the Urals city of Yekaterinburg and accused...
...The co-founder and former director of Seven Investment Management sat down with host Claer Barrett to recount his decades-long City career, during which time the ability for retail investors to put their...
...I was born in Jakarta, and by growing up here I say I was raised in chaos: Jakarta is the very definition of chaos as a city....
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