By: Jon Robinson

Jon Robinson is City AM's UK Editor and is tasked with leading the expansion of the publication's business coverage beyond London. Based in Manchester, he focuses on regional stories, aiming to give a national platform to companies outside the M25. He is also the host of Boardroom Uncovered, City AM's podcast featuring candid conversations with the UK's top business leaders about their journeys, challenges and successes.

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All 1895 Articles

Fatface counts the cost of takeover by Next as fashion retailer enters the red

October 28, 2024

Fatface slumped into the red in the aftermath of its takeover by FTSE 100 giant Next last year, it has been revealed. The Hampshire-headquartered business was acquired by the Leicester-based giant for £115.2m in October 2023. Newly-filed accounts with Companies House show that Fatface fell to a pre-tax loss of £3.2m in the 35 weeks [...]
Sky Bet: Profit slides as inflation and salary rises bite

October 28, 2024

Profit at Sky Bet was slashed during its latest financial year as its operating expenses surged by almost £45m. The business behind the brand, which is owned by Flutter Entertainment, has reported a pre-tax profit of £48.9m for 2023, according to newly-filed accounts with Companies House. Its profit was hit because the firm’s operating expenses [...]
Avison Young loses over £100m as it cuts more than 200 jobs

October 28, 2024

The UK arm of global commercial real estate services firm Avison Young shed over 200 jobs as its pre-tax loss almost doubled to more than £100m during 2023, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2023, having previously posted a loss of £55.6m in 2022. Newly-filed accounts [...]
Virgin Active continues to make huge loss despite revenue passing £500m

October 28, 2024

Virgin Active continued to make a huge pre-tax loss during its latest financial year despite its revenue passing £500m, it has been revealed. The London-headquartered chain has posted a pre-tax loss of £146.7m for 2023, after also reporting a loss of £147.3m in 2022. The last time the group made a pre-tax profit was the [...]
Lookers in the red after £504m take-private deal

October 28, 2024

Car dealership giant Lookers slumped into the red in the year it was taken private in a deal worth more than £500m. The Cheshire-headquartered business has reported a pre-tax loss of £5m for 2023, having posted a pre-tax profit of £73.9m in 2022. The loss comes as newly-filed accounts with Companies House show Lookers’ revenue [...]
OVO Arena Wembley creates over 250 jobs and doubles profit

October 28, 2024

OVO Arena Wembley doubled its profit and created more than 250 jobs during its latest financial year, it has been revealed. AEG Facilities UK, the business behind the London venue, has reported a pre-tax profit of £2m for 2023, up from the £1m it posted in 2022. Newly-filed accounts with Companies House also show that [...]
Mcdonald’s UK profit slashed by over £100m

October 28, 2024

Profit at Mcdonald’s UK restaurants was slashed by more than £100m in 2023 despite its turnover taking a big stride towards the £2bn mark. The US fast food giant has reported a pre-tax profit of £66.3m for its UK operations, down from the £170.8m it achieved in 2022. Mcdonald’s operating profit was cut from £165.4m [...]
Profit triples at Abercrombie & Fitch and Hollister owner

October 28, 2024

Profit tripled at the business behind Abercrombie & Fitch and Hollister in the UK during its latest financial year as its sales passed the £200m mark. The London-headquartered division has reported a pre-tax profit of £9.8m for the 12 months to 3 February, 2024, according to newly-filed accounts with Companies House. The total comes after [...]
Pensionbee boss reveals the secret to a successful pension

October 22, 2024

Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
Would I Lie To You and Masterchef maker loses more than £50m

October 18, 2024

The production company behind Masterchef and Would I Lie To You more than doubled its pre-tax loss in 2023 amid a downturn in the UK TV market. Banijay Media, the UK arm of the wider France-headquartered group, has reported a pre-tax loss of £53.4m for its latest financial year. The latest total comes after the [...]

City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

Championship clubs up promotion gamble by adopting new financial rules

Bentley Bentayga Speed: The maddest, baddest SUV you can buy

By: Jon Robinson

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