By: Jennifer Sieg

SME Correspondent Jennifer Sieg is an SME correspondent and editor of Ambition A.M., City A.M.'s weekly newsletter for all things entrepreneurship. She is also the host of Founder Favourites podcast, interviewing some of the UK's most interesting and up-and-coming founders. Email: jennifer.sieg@cityam.com

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Retail sales fall to lowest level in two years as inflation bites

November 17, 2023

Retail sales volumes have fallen for the second month in a row — slumping to their lowest level since 2021— as consumers continued to feel the impact of inflation, Office for National Statistics (ONS) data showed. Sales volumes fell 0.3 per cent month-on-month in October and 2.7 per cent year-on-year. However, consumers are spending more. [...]
Deloitte reveals the UK and London’s fastest growing tech companies

November 17, 2023

London-based Allica Bank has topped Deloitte’s annual ranking of the UK’s 50 fastest growing technology companies. The top three — Allica Bank, Yoto and Hypervolt — all come from different sectors this year, including fintech, software and environmental tech. Together, the Fast 50 winners have an average four-year growth rate of 5,473%, possess total revenues [...]
United Utilities hikes dividends despite lower profit and rise in debt

November 16, 2023

United Utilities released its half year report today, highlighting an ambitious five year plan and hiking its dividend despite a fall in profit and rise in debt. Revenue rose 6.8 per cent, but operating profit fell 6.9 per cent due after a 16.6 per cent jump in operating costs. Debt rose from £7.8bn in 2022 [...]
Mr Kipling owner Premier Foods boosted by falling inflation as sales and revenue jump

November 16, 2023

Premier Foods' boss: "We know how challenging the past year has been for many consumers and so it's good to see the rate of input cost inflation falling."
Future of Britain’s high streets depends on business rates support, industries warn

November 16, 2023

Britain's high streets could be set for further decline if the government doesn't continue business rates support in the upcoming autumn statement, a group of retail, hospitality and leisure organisations has warned.
Lloyd’s of London on edge of ‘long-term’ deal to stay in HQ until 2041

November 15, 2023

Lloyd's of London is edging on a deal to remain in its One Lime Street headquarters for 10 years longer than its original lease agreement.
Pub group Fuller’s hails ‘seven day a week City of London’ as it readies for bumper Christmas

November 15, 2023

Fuller's is "primed for a strong Christmas", while its bookings are already soaring 11 per cent ahead of what they were last year.
Gensler and CBRE to reposition ‘sustainable future’ London office space for 10 Gresham Street

November 14, 2023

Gensler and CBRE will work together to create a sustainable high-performance office environment at 10 Gresham Street by the first quarter of 2025.
Imperial Brands: Profits up a quarter as price rises and vaping offset smoking decline

November 14, 2023

Tobacco giant Imperial Brands’ profits were up 26.8 per cent for the year, as “strong pricing” for its products helped offset the continued decline in smoking. Stefan Bomhard, chief executive, said the “stronger, more sustainable” financial and operational outcomes can be attributed to a “new performance culture.” The brand behind Lambert & Butler, Winston and [...]
Meet the founder turning wonky veg into one of Britain’s tastiest new businesses

November 14, 2023

City A.M. finds out how one entrepreneur turned unwanted fruit and veg into a thriving and climate-friendly business.

Drinking in stands hailed as success as more clubs join WSL pilot scheme

Judge awards McLaren F1 team over $12m in Alex Palou trial

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jennifer Sieg

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