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Today City A.M.’s Charlie Conchie takes the reigns of The City View podcast, chatting to Economics and Markets reporter Jack Barnett. They discuss markets being up; the Fed and the Bank of England’s probable rate hikes; commodity prices settling; and the London Metal Exchange, which suspended nickel trading today. Charlie also goes through the headlines: [...]
Longstanding Fevertree Drinks chairman Bill Ronald has announced he will be retiring in May next year. Ronald joined the premium tonics and drink mixer maker in June 2013 ahead of Fevertree’s debut on the London Stock Exchange the following year. He has given a year’s notice to allow the company to start looking for a [...]
Has the fizz gone out of tonic water maker Fever-Tree as growth in its core UK market slows down? Joe Healey, investment research analyst at The Share Centre, says YES. Fever-Tree has had a good run, but investors are likely to be tetchy going forward. The drinks phenomenon has struggled in its main UK market [...]
Makar Original Dry Gin is the first commercial gin to ever be made in Glasgow. Located within spitting distance of the Braehead Shopping Centre and a stone’s throw from Ibrox Stadium, the Glasgow Distillery makes a range of single malts, a blended malt whisky, a spiced rum, and botanical vodkas. But its largest range is [...]
Wagamama owner the Restaurant Group has reported sales surging ahead of pre-pandemic levels as the hospitality sector recovers from lockdowns. In full-year results, the operator said like-for-like sales at Wagamama, plus its pubs and leisure divisions, were well ahead of the 2019 comparable. Pub sales were up nine per cent while its leisure division saw [...]
London cocktail bars are proudly dingy places. They’re described as “subterranean,” or “dimly-lit” or “dens.” That makes sense in the winter when we want to escape the bitterness with a biting smack of tequila on the tongue. But what about in summer, when we’re still after fine cocktails but with some more air to breathe, [...]
The Bank of England governor Andrew Bailey has warned firms against rising prices to offset inflation. He told the BBC, “please understand if we get inflation embedded, interest rates will have to go up further and higher inflation really benefits nobody.” The latest UK inflation rate for February surprised economists by picking up again to [...]
City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email firstname.lastname@example.org to be featured. UHY Hacker Young Accountancy group UHY Hacker Young has bolstered its London office with a new research and development (R&D) tax partner. Joining from East Midlands firm Duncan & Toplis, Kevin Edwards is set to advise on [...]
Can the UK beat last year’s runner-up placing to land the title? Probably not – but it’s time for Eurovision 2023, so let’s party anyway Nil pois? If last year’s runnerup placing is anything to go by, the UK may have finally relegated to history our abysmal showing at the annual Eurovision Song Contest. It [...]
British retail sales grew sharply last month compared to pre-pandemic levels, but price increases continue to deliver a “subdued” longer-term outlook. Sales volumes are thought to have increased by 1.2 per cent in February after a rise of 0.9 per cent in January, suggesting the industry is recovering from the pandemic well. Industry figures are [...]
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