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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Mcdonald’s empire hopes new Mcflurry flavours will keep customers happy after ‘bold’ price rises

September 16, 2024

“Bold” price rises at a McDonald’s franchise empire helped sales jump by more than £15m during its latest financial year. Run by Andrew Gibson, AG Restaurants runs 27 sites in Glasgow, employs more than 3,000 people and is one of the largest in the UK. The business has reported a turnover of £135.2m for 2023, [...]
Kia joins UK rivals in sales surge as it nears £3bn mark

September 16, 2024

Turnover at the UK and Ireland arm of South Korean car making giant Kia accelerated closer to the £3bn mark during its latest financial year. Newly-filed accounts with Companies House have revealed that the Surrey-headquartered firm’s sales grew from £2.13bn to £2.69bn in 2023. Over the same 12 months, Kia’s pre-tax profit dipped slightly from [...]
Toyota: Revenue surges despite drop in UK market share

September 16, 2024

Sales at the UK arm of car making giant Toyota jumped by almost £600m to pass £3.5bn during its latest financial year despite a drop in market share. The Surrey-headquartered company’s revenue for the year to 31 March, 2024, increased from £2.9bn to £3.5bn, according to newly-filed accounts with Companies House. The UK market share [...]
Co-op Live boss promoted after leading recovery from disastrous launch

September 16, 2024

The boss of Manchester’s Co-op Live arena has been promoted after leading its recovery following a disastrous launch earlier this year. Rebecca Kane Burton took over the reigns at the £365m arena by Manchester City’s Etihad Stadium in April after its previous boss resigned after a series of problems and delays generated national headlines. Gary [...]
Itsu: Return to the office helps boost sales

September 13, 2024

The move by companies to encourage their workforce to return to the office helped sales jump at East Asian-inspired eatery chain Itsu during its latest financial year. The London-headquartered company has posted a turnover of £160.7m for 2023, up from the £137.7m it achieved in 2022. Newly-filed accounts with Companies House also show the brand’s [...]
Carlton Club: A year of ‘successes and challenges’ for London private members’ club

September 13, 2024

The Carlton Club has described facing both “successes and challenges” in its latest financial year as it battled high inflation, rising energy costs, train strikes and wage increases. The private members’ club said “unwelcome challenges” impacted its financial performance in 2023 but that it still managed to increase its surplus before tax by almost £200,000. [...]
M6 Toll owner rakes in the profit after price rises

September 13, 2024

Profit at the company behind the M6 Toll road accelerated to almost £30m thanks in part to prices being raised in 2023, it has been revealed.
The Lanesborough: Value of five-star London hotel falls as loss widens

September 13, 2024

The value of five-star hotel The Lanesborough has been cut as its pre-tax loss widened during its latest financial year.
Hellofresh: Cuts to UK workforce significantly slashes loss

September 13, 2024

The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
Portakabin: Sales surge for Portaloo inventor ahead of £1.5bn sale

September 13, 2024

Sales jumped by more than £80m at the group behind modular buildings company Portakabin in the year it sold the brand in a deal which transformed its Yorkshire owners into billionaires. York-headquartered Shepherd Group sold Portakabin in June 2024 to French investor Antin Infrastructure Partners for a price reported to be more than £1.5bn. The [...]

RWS to acquire UK AI platform in £40m deal

Mercedes bid for Alpine could be blocked by FIA multi-team rule change

What’s on in London in May

By: Jon Robinson

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