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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Wiggle’s future uncertain as parent company seizes funding

October 22, 2023

The future of Wiggle could be on the line after its parent company’s decision to terminate a €150m (£130m) lifeline to its sports division last week caused a series of concerns within the umbrella of subsidiaries. Signa Holdings’s decision to terminate the funding to Signa Sports United (SSU), which was announced last Monday, soon led [...]
King affirms Crown’s historic bond with the City

October 19, 2023

The City hosted the King and Queen last night at a dinner to mark the Square Mile’s role in the Coronation. In a ceremony that traditionally takes place upon a new Sovereign’s first visit to the City and dates back to William III in 1689, King Charles was presented on arrival with the City Corporation’s [...]
Hollywood Bowl defies cost of living crisis with summer boost

October 19, 2023

Hollywood Bowl has powered through the summer thanks to growing customer demand and a strategy of expansion. Despite some leisure activities taking a hit during the cost of living crisis, the ten-pin bowling operator said it has been an affordable activity for many in recent months. Prices range between £10.88 and £38.48. This strong customer [...]
Marshalls expectations unchanged despite UK housing market slowdown

October 18, 2023

Building products supplier Marshalls provided investors with a trading update today with a 3 per cent decline in revenue, sitting at £528m.
Those who lost jobs in Carillion deserve answers, GMB says, as execs avoid trial

October 17, 2023

Questions circulate around why the Government had invested "substantial" amounts of money into a Carillion trial that was dropped last week.
VR, drinks and AI materials brands among winners at KPMG Black Entrepreneurship Awards

October 17, 2023

KPMG's Black Entrepreneurship Awards returned for its fifth year to celebrate entrepreneurial candidates contributing to economic growth.
Revolution Bars: Weathering through ‘external headwinds’

October 17, 2023

Revolution Bars Group weathers through the year's "external headwinds" with an increase in total sales amongst preliminary results.
FSB: Reform needed as issues with e-commerce are harming small businesses

October 16, 2023

The Federation of Small Businesses (FSB) is calling for reform as new research suggests small businesses are facing an abundance of online marketplace challenges. The research, which surveyed 1,054 small businesses, showed 53 per cent of participants currently use an online platform for their business, with 71 per cent calling these “very important.” Yet 39 [...]
Cerillion expects full-year profits to be ‘meaningfully ahead’

October 16, 2023

Software developer Cerillion said today it expects profits to be “meaningfully ahead” in an update before its full-year results. The provider of billing, charging and customer relationship management software entered the second half of the financial year, which ended on 30 September, with a “strong back-order book and buoyant sales pipeline”, it said. Adjusted profit [...]
House prices: October bump the worst since the height of the financial crisis

October 16, 2023

House price behaviour is back where it was in the height of the financial crisis, with the "key selling season" of October failing to give prices liftoff.

Glencore and Rio Tinto strike gold on high commodity prices

Bumper IPL takeovers boost T20 cricket franchise league’s value to over $20bn

For Albarino in the City, head to Humble Grape

By: Jennifer Sieg

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