Volkswagen takes £725m hit from motor finance scandal October 7, 2026 The finance arm of Volkswagen has taken a mammoth hit from the motor finance scandal plunging it to a loss for the year. Volkswagen Financial Services UK (VWFS) set aside £725m for expected expenses under the City watchdog’s industry-wide car finance redress scheme, according to new account filings. The provision swung the firm to a [...]
The Lakes Distillery: Profit slumps at Nyetimber’s whisky brand October 7, 2026 Nyetimber, the English sparkling wine producer, paid £71m to acquire The Lakes Distillery in 2024 as part of its goal to create a UK-based luxury drinks brand. But just two years on, and it’s starting to look as if Nyetimber, led by CEO Eric Heerema, may be suffering buyer’s remorse. Paul Carrie (who previously co-founded [...]
Austrian whisky makes its mark October 7, 2026 This month’s issue of Whisky Business, City AM’s monthly look at the world of whisky, takes a look at the whisky coming out of Austria. Austria’s spirits market is worth around €360m a year, with whisky exports accounting for about 10 per cent of that, according to figures published in 2024. That makes the company a minnow [...]
Watch collecting and the search for the white whale October 7, 2026 In the world of watch collecting, time does not stand still. That’s the joy of it: you never know what might be the prize of tomorrow, says Andy Blackmore In the 1996 Christmas special of Only Fools and Horses, lovable Cockney Derek Trotter was still dreaming of getting rich. “This time next year, Rodney, we’ll [...]
The Discount Suit Company is a cocktail bar like no other October 6, 2026 Discover Discount Suit Company, a hidden Liverpool Street speakeasy serving inventive £10 cocktails in a cosy tailor-shop basement.
Gillian Anderson is magnetic in Who’s Afraid of Virginia Woolf? October 6, 2026 Gillian Anderson and Billy Crudup electrify Albee’s caustic marital battleground at @sohoplace; book now for a bruising West End night.
Robert De Niro on $1.3billion hospitality empire: ‘I’m very protective of Nobu’ October 6, 2026 Goodfellas and Taxi Driver legend Robert De Niro talks exclusively to City AM The Magazine about his hospitality empire, which quietly occupies the 83-year-old New York-born actor in-between his film-making. Over the last 40 years, De Niro has been launching Nobu restaurants around the world, a Japanese brand he is fiercely protective of. He speaks [...]
A Dram with Paddy Fletcher October 6, 2026 Instead of erecting yet another Highland whisky ’shed’, Paddy Fletcher and Ian Stirling hit the scene with their dramatic, vertical Port of Leith distillery in 2023. This restless pair have also embraced gin, Scotch RTDs and launched a new whisky bar as Ian Fraser discovers … Despite developing an early taste for Tè Bheag, the [...]
Gallet takes flight: The inside story of Breitling’s sibling October 6, 2026 O n 17 December 1903, one of the most significant stretches of time in human history was measured near Kitty Hawk, North Carolina. That time was 12 seconds – the length for the first flight of a powered aircraft, the Wright Flyer. By the end of the day that number had risen to 59 seconds. Most [...]
Inside the Donkervoort, a Dutch super car like no other October 6, 2026 The Donkervoort P24 RS is simultaneously one of the fastest and slowest cars I have ever driven. The flyweight 600hp roadster can rocket to 60mph in circa. 2.5 seconds and pull 2.4G in the corners. And yet… every time you stop for fuel or a flat white, you need to factor in time for chatting [...]