Why don’t London’s luxury hotels make any money? hospitality London is home to some of the most iconic and well-known luxury hotels in the world. The Savoy, the Ritz, The Dorchester and Claridge’s, to name just a few, are renowned the world over and have played host to the ultra wealth, celebrities and royalty. Also appearing in a string of popular films, London’s luxury [...]
Losses widen at owner of scandal-hit The Groucho Club Business Losses have widened at the owner of The Groucho Club in London despite its turnover rising during its latest financial year. The Groucho Club is one of London’s most famous private members’ clubs and has been going since 1985. The Soho venue was founded a a more relaxed alternative to traditional gentlemen’s clubs and has [...]
The View from The Shard makes first profit since 2019 Business The business behind the viewing gallery at The Shard has returned to profit for the first time since 2019, it has been revealed. The London attraction has posted a pre-tax profit of £1.6m for 2024 after having fallen to a pre-tax loss of £678,839 in the prior 12 months. The late total comes after the [...]
‘We need the next Nikolay Storonsky’: Labour urged to act now to create next tech unicorn June 19, 2025 The UK needs to attract the next Nikolay Storonsky to its shores if it wants a new technology revolution to be built here, the CEO of tech unicorn Motorway has said. Tom Leathes, speaking on an up-coming episode of City AM’s Boardroom Uncovered show, said the country needs “the next Nikolai to come over and [...]
Microsoft: AI could redefine London’s 9-to-5 June 18, 2025 The age of the 9-5 workday may be over for London businesses, and artificial intelligence may be speeding up its demise. AI, email overload, and round-the-clock digital connectivity have upturned the rhythms of the modern workday, revealed Microsoft’s latest work trend index. But far from ushering in a smarter, more flexible future of work, the [...]
Lacoste: Flagship London store fails to boost sales as label falls to loss November 29, 2024 The opening of a flagship store in London’s Regent Street failed to stop the UK arm of sports fashion label Lacoste entering the red, it has been revealed. The business has reported a pre-tax loss of £3.2m for 2023, according to delayed accounts filed with Companies House. The results for the brand also show its [...]
Businesses paying living wage ‘do better’, Sadiq Khan says October 23, 2024 Businesses paying their staff the living wage “do better”, Sadiq Khan has argued, as he welcomed a rise in the London living wage. The Mayor of London spoke to City AM at an event marking the five per cent increase for 140,000 workers, who will see their pay increase to £13.85 an hour. Speaking in [...]
‘It has changed my whole life’: Inside London’s Tiktok famous jewellery warehouse September 23, 2024 Jon Goldsmith struck upon gold when he discovered an abandoned jewellery warehouse in west London. Now Tiktok's changed the game again.
Leeds-upon-Thames? How the West Yorkshire heartland is luring British institutions away from London August 14, 2024 Over the past few years Leeds has emerged as a go-to destination for British institutions looking to venture beyond the M25. Since 2018 Channel 4, the Bank of England, the Financial Conduct Authority and the UK Infrastructure Bank have all opened hubs or expanded their presence in the city, adding hundreds of new jobs and [...]
Mayoral election 2024: Last push as London heads to the polls May 2, 2024 Campaigners are set to give it one last push today as London heads to the polls to cast their ballots in the mayoral election.