Claridge’s: Five-star London hotel falls into the red October 6, 2025 Claridge’s, the iconic five-star London hotel, has slipped into the red despite its revenue rising during its latest financial year, it has been revealed, amid major redevelopment work. For 2024, the hotel has posted a pre-tax loss of £5.4m, down from the £7.2m pre-tax profit it achieved in 2023. However, new accounts filed with Companies [...]
The Ritz: Luxury London hotel makes fifth consecutive loss September 29, 2025 The Ritz hotel in London has made a loss for the fifth year in a row despite its turnover jumping in 2024, it has been revealed. The five-star hotel has reported a pre-tax loss of almost £3m for its latest financial year, down from the £10m loss it posted for 2023. The Ritz also made [...]
Tesla: UK sales slump by £500m as profit slashed September 26, 2025 Sales at the UK arm of Elon Musk’s Tesla slumped by more than £500m as its profit was also slashed during its latest financial year. The division, which is headquartered in Manchester, has reported a revenue of £1.94bn for 2024, new accounts filed with Companies House show. The new figure comes after Tesla posted a [...]
Airline hails spike in premium bookings to the UK August 4, 2025 Airline Emirates has recorded a surge in bookings from affluent visitors to the UK, which it claimed is “driving forward economic growth” in the country.
Flexjet: Private jet giant valued at $4bn after mega funding round July 21, 2025 Flexjet, the world’s second-largest private jet company, has been valued at around $4bn (£2.9bn) after securing $800m in new funding. The US firm’s latest funding round has been led by private equity giant L Catterton – which itself is backed by luxury group LVMH. Other backers of the round include KSL Capital Partners and J. [...]
Inside the Caribbean island that’s becoming a secret AI hub June 20, 2025 Anguilla is where high-rolling lawyers from New York go to work remotely in tranquillity. It is also becoming an unlikely world-leading beacon for AI due to one lucky coincidence. Adam Bloodworth went in search of answers The Sunset Bar on St Maarten’s Maho Beach is one of the weirdest tourist attractions in the world. Go [...]
Aston Martin: PIF and Geely billionaire’s shares shift after investment May 12, 2025 The proportion of shares Saudi Arabia’s Public Investment Fund (PIF) and Chinese billionaire Shufu Li’s hold in luxury car brand Aston Martin has changed following a major shares issue. In March Yew Tree Consortium, which is led by chairman Lawrence Stroll, placed 75 million additional shares in the London-listed business. As a result, both the value of the [...]
Ray-Ban owner issues warning after UK sales fall May 9, 2025 The owner of Ray-Ban has issued a warning over its performance this year after its UK sales and profit fell in 2024. The UK arm of Luxottica Group said the increase in the cost of goods and services is expected to negatively impact its gross and operating profit this year. The group added that the [...]
Discover the Best of Hong Kong: From breathtaking landscapes to unforgettable city experiences March 27, 2025 This content was paid for by Hong Kong Tourism Board, and produced in partnership with the City AM Commercial department. Hong Kong is a city of contrasts, where towering skyscrapers meet lush green mountains, and vibrant markets sit alongside Michelin-starred restaurants. Whether you’re an outdoor enthusiast, a culture seeker, or a foodie, Hong Kong offers an [...]
I went storm chasing in Canada – but this Hawaii-style holiday offered so much more March 25, 2025 The irony is not lost on me that on the day I fly out to Canada’s Vancouver Island to chase some of the world’s gnarliest weather, the UK is being battered by its biggest storm in decades. Flights are being cancelled by the minute – airport boards lighting up red like Eighties arcade machines; travellers [...]