Costa Coffee hails ‘strong progress’ after Coca-Cola scraps sale Retail Costa Coffee has hailed a year of “strong progress” after owner Coca-Cola scrapped plans to sell it, with the coffee chain saying its refurbishment plan is paying off. The UK’s second-largest coffee chain grew revenue by five per cent to £1.3bn last year and returned to operating profit. Coca-Cola had been hoping to offload the [...]
Aldi debt jumps by £100m as profit slips at discount grocer Retail Aldi took on more than £100m in net debt last year, as the discount grocer’s profit slipped despite its blockbuster expansion plans. The supermarket chain, the UK’s fourth largest, saw its net debt grow by a fifth in 2025, from £717m to £862m. Aldi’s jump in debt comes despite the grocer’s plans to expand rapidly [...]
As it happened: FTSE 100 rocked by global bound rout; Oil back over $100 FTSE 100 Live Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
Bring ‘punishing’ high street taxes in line with banks, Healey urged October 1, 2026 John Healey has been urged to bring down the “punishing” tax burden facing the retail and hospitality industries, which is higher than any other sector. Hospitality businesses pay 82p in taxes for every pound and retail pays 72p, compared to the 40p paid by banks, according to new analysis by the British Retail Consortium (BRC) [...]
Poundland owner weighs break-up of retailer it bought for £1 September 30, 2026 A flurry of bids for just some of Poundland’s 600 shops could prompt Poundland to consider a break up of the retailer, City AM understands. US investment firm Gordon Brothers initially sought offers for the entirety of the business, but may instead opt to sell Poundland’s stores to a number of different buyers, sources told [...]
Can Brewdog get ‘equity punks’ onside in bid to move on from James Watt? September 30, 2026 Craft beer giant Brewdog has launched a reset under its American owners Tilray. Felix Armstrong explores whether the company can truly move on from James Watt Dessert-flavoured beer, provocative ad campaigns, waxy-mustached artisans – much about Brewdog’s long-anticipated reset feels familiar, as if the recently-collapsed craft brewer is really getting back to its roots. But [...]
Huel rapped for ‘irresponsible’ Spencer Matthews ad September 30, 2026 Huel, the meal replacement drink backed by Steven Bartlett, has been rapped by the advertising watchdog for an “irresponsible” ad featuring Made In Chelsea star Spencer Matthews. The drinks firm, which is owned by French food giant Danone, paid for a video featuring Matthews to be circulated on Instagram and Youtube. Both adverts have been [...]
Greggs puts 740 jobs at risk as baker braces for worse inflation September 30, 2026 Greggs has announced a shakeup of its manufacturing processes which could lead to the closure of four factories and cost 740 jobs, as the baker warns of “greater inflationary pressures” across its business. The sausage roll seller told shareholders on Wednesday that it is consulting on a move to consolidate its manufacturing operations, which would [...]
As it happened: FTSE 100 gives up gains as oil rises despite emergency release; UK GDP revised September 30, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
New Brewdog owner mounts comeback from ‘horrible’ collapse September 29, 2026 The new owner of Brewdog has launched a comeback for the company after it collapsed earlier this year, blaming “horrible” sales during its change of ownership on “negative” media reports. The craft beer firm saw sales slump by as much as 20 per cent year on year following its takeover by US cannabis and drinks [...]