Central London weighs down Wetherspoons’ sales November 10, 2021 Sales across JD Wetherspoons’ pubs in central London have plummeted by 17.4 per cent from last year. Trade has recovered in cities such as Liverpool and Newcastle, which have enjoyed sales increases of 9.1 per cent and 11.1 per cent respectively. However, the capital continues to suffer with City workers only returning to the area [...]
ProCook London IPO set to stir a near £160m valuation November 10, 2021 ProCook’s upcoming London initial public offering (IPO) is set to secure the gourmet kitchen retailer a nearly £160m valuation. The retailer will offer shares for 145p a piece, which will rally the £158m valuation. “We have been thrilled with the level of interest and support from a range of institutional and retail investors,” CEO and [...]
Passed away at 43: London celebrity chef Gurpareet Bains hit by sudden heart attack November 10, 2021 Enfield-based celebrity chef and author Gurpareet Bains has passed away aged 43, City A.M. has been told.
Shepherd Neame reports strong recovery as pandemic restrictions end November 9, 2021 Shepherd Neame is brewing a comeback as demand recovers following the end of pandemic restrictions. Its full-year results reveal consumer appetite has been robust in a recovering market, with retail pubs achieving 62 per cent of 2019 sales between 12 April and 16 May when pubs re-opened outside, and 97 per cent of previous sales [...]
Watches of Switzerland raises guidance after strong UK performance November 9, 2021 Watches of Switzerland Group has raised its guidance for the full year following improved revenues, increasing product demand and robust UK performance. The company is now expecting revenues of £1.15-£1.20bn for the full-year, an upgrade on previous estimates of £1.05-£1.10bn. The watch vendors told investors on that group revenues rose by 44.6 per cent to [...]
Ocado sees biggest sales jump from pre-pandemic levels November 9, 2021 Ocado has been dubbed one of the big winners from Covid-related changes to shopping. Its sales have grown 35.7 per cent, the strongest increase out of all supermarkets, according to the latest figures from Kantar. The retailer’s market share stayed flat at 1.7 per cent. “Generally, online has done fantastically well in the pandemic, the [...]
Shepherd Neame: Pubs will be resilient against inflation spike November 9, 2021 Pubs will be resilient against rising inflation, Shepherd Neame CEO Jonathan Neame has said. “I think people are more likely to cut down on big ticket items like houses and expensive holidays. Historically beer and pubs have been pretty resilient,” Neame told CityA.M. Data from Barlcaycard revealed yesterday that Brits had been cutting back on [...]
Coca Cola Europacific Partners hikes guidance in bubbly update November 9, 2021 Coca Cola Europacific Partners (CCEP) has raised its full year guidance on the back of a strong third quarter. CCEP hiked guidance for revenue for the 2021 financial year, expecting comparable growth of 29 per cent to 30 per cent, up from 26 per cent to 28 per cent expected before. Operating profit is expected [...]
London hotels ‘can’t change the bedsheets fast enough’ as staff shortages hold back recovery November 8, 2021 The recovery of London hotels is being held back by staff shortages, with venues unable to change bedsheets quick enough. One London hotel has had to slash occupancy in the week so it has enough staff on board for its popular Saturday night bookings. “They literally can’t change the beds fast enough – is it [...]
Half of all Brits demand to know vaccination status of their dates November 8, 2021 53 per cent of singletons dating in the UK right now believe that they have the right to know whether the person they date has been vaccinated or not. Brits were far more concerned about vaccination status compared with other countries; 36 per cent of people in the USA, 26 per cent in France, 17 [...]