Diageo boss ‘drastic’ Dave Lewis eyes £20m pay deal as 2,000 jobs slashed Hospitality Diageo boss Sir Dave Lewis could take home as much as £20m in pay for the next year, it has emerged, while the drinks giant sheds 2,000 staff. The chief executive of the Guinness and Smirnoff maker could make as much as £20m in the year to June 2027, though he is more likely to [...]
Inside Formula 1’s £10,000 hospitality ticket on the back of a moving lorry Sport Business Formula 1 is expanding the roll-out of a £10,000-per-head hospitality experience which allows VIPs to dine on the track aboard a “travelling dining room”. The Out Lap kicked off in Spa before the summer break but will continue in Zandvoort, Monza and Madrid after a sell-out in Belgium as part of the mega-deal between Formula [...]
Five-star Mayfair hotel hit with HMRC winding-up petition Hospitality A five-star Mayfair hotel has been hit with a winding-up petition by the UK tax authority, just months after the sudden departure of its managing director. The Stafford London, a 107-room luxury hotel, was served the petition by HMRC after a filing was made to the High Court, City AM can reveal. A winding-up petition [...]
Will Drastic Dave live up to his name at Diageo? August 4, 2026 Putting the finishing touches to Diageo’s annual report, Sir Dave Lewis may be channelling the old slogan of the drinks giant’s prize brand, Guinness: ‘Good things come to those who wait’. Since Lewis began his tenure as chief executive of the FTSE 100 firm on New Year’s Day, investors have heard very little from him. [...]
Burnham urged to axe tourist tax expansion in devolution drive August 3, 2026 A leading hospitality trade body has urged Andy Burnham to drop plans to expand the so-called “tourist tax” across the country as part of his devolution drive. UK Hospitality (UKH) has written a letter to the Prime Minister, seen by City AM, warning that the government’s overnight visitor levy would cost 33,000 jobs in the [...]
Martin Williams: My top picks for the Toast the City Awards 2026 July 29, 2026 The Toast the City Awards 2026, for which I am honoured to be a judge, is down to its final stage – the public vote! Now in its second year, the awards give you the chance to celebrate the most amazing places in the Square Mile (and slightly beyond). So to help inspire you to [...]
‘Dwarfed by other costs’ – Why cutting business rates for pubs won’t save the sector July 24, 2026 Andy Burnham has unveiled his long-awaited support for the UK’s struggling pubs, but the hospitality industry is contending with far more pressures than just business rates Andy Burnham’s pledge to cut business rates for pubs, clubs and music venues is expected to save each venue more than £1,000 next year in a move that comes [...]
‘Ever-widening gap’: Wetherspoon boss Tim Martin urges Burnham to cut more pub taxes July 23, 2026 JD Wetherspoon boss Tim Martin has called on the Prime Minister to go further to reduce the soaring tax burden faced by pubs. The chairman of the UK’s best-known pub chain said Burnham’s decision to slash business rates for pubs is an “implicit recognition that the hospitality sector is over taxed”. The Prime Minister announced [...]
Aspire’s David Collyer: my curry catastrophe at the Cinnamon Club July 23, 2026 Square Mile and Me: We dig into the memory bank of the City’s great and good. Today, David Collyer, global senior vice president at Aspire, on being a Ferrari fan and a curry catastrophe What was your first job? A paper round – I used to dread Sundays because of the broadsheets but it’s where [...]
Fine dining and The Jab: A Michelin dinner with the Ozempic set July 21, 2026 The age of Ozempic is changing fine dining. Anna Moloney asks how to run a Michelin-star restaurant when your diners don't want to eat.