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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Caterham Cars bosses voice ‘disappointment’ at fourth loss in a row

September 4, 2024

Bosses at car maker Caterham have voiced their ‘disappointment’ in falling to a loss for the fourth year in a row. The Kent-headquartered manufacturer of lightweight sports cars has reported a pre-tax loss of £2.3m for the year to 31 March, 2024, having also made a loss of £2.7m in the prior 12 months. The [...]
Vodafone: Buybacks boost UAE’s sovereign wealth fund’s stake

September 4, 2024

According to a recent update, the sovereign wealth fund of the United Arab Emirates now owns 15 per cent of Vodafone. While the Emirates Investment Authority (EIA) has not acquired any more shares in the communications giant, Vodafone’s ongoing share buyback has reduced the number of shares outstanding, boosting EIA’s position on the share register. [...]
Haven and Warner Hotels owner slips into the red after Butlin’s sale

September 4, 2024

The group behind Haven holiday parks and Warner Leisure Hotels fell into the red after the sale of Butlin’s, it has been revealed. Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of £166.5m for 2023, according to newly-filed accounts with Companies House. The loss comes after the group reported [...]
Kopparberg significantly cuts UK loss despite sales dip for cider brand

September 3, 2024

The UK arm of cider brand Kopparberg significant cut its pre-tax loss during its latest financial year. The Leeds-headquartered division has reported a loss of £244,919 for 2023, according to newly-filed accounts with Companies House. That comes after Kopparberg posted a pre-tax loss of £2m in 2022. The last time the division made a pre-tax [...]
Tombola: Record sales and profit at Flutter-owned online bingo site

September 3, 2024

Revenue and profit at online bingo site Tombola, which is part of the gaming giant behind Paddy Power and Betfair, jumped to record levels in 2023, it has been revealed. The Sunderland-headquartered company has posted a revenue of £201.6m for its latest financial year as well as a pre-tax profit of £50.7m, according to newly-filed [...]
Harrods passes £1bn mark as Qatari owners get £180m pay day despite falling profit

September 2, 2024

Sales jumped to £1bn at the company behind luxury department store Harrods during its latest financial year, but profit was slashed over the same period, it has been revealed. The London icon posted a turnover 8.2 per cent higher for the year to 3 February, 2024, according to newly-filed accounts with Companies House, compared to [...]
‘Chicken King’ Ranjit Singh Boparan to sell poultry arm to himself

September 2, 2024

The poultry arm of 2 Sisters Food Group, which is owned by the so-called ‘Chicken King’ Ranjit Singh Boparan, is to be sold to his private office for more than €200m (£168m). Boparan, who also owns high street restaurant brands like Carluccio’s and Gourmet Burger Kitchen, is to sell the European poultry operation to his [...]
Mike Ashley’s Frasers Group ups stake in Boohoo after shares slump

September 2, 2024

Mike Ashley’s retail empire Frasers Group has further increased its stake in fast fashion giant, Boohoo. The Mansfield-headquartered group now holds 26.1 per cent of the shares in Boohoo, up from 25 per cent, according to a newly-filed document with the London Stock Exchange. Frasers Group, which owns the likes of Sports Direct and House [...]
Nivea suncream and deodorant help boost Beiersdorf’s UK sales and profit

September 2, 2024

The higher sales of sunscreen and deodorant helped UK arm of Beiersdorf, the company behind the likes of Nivea, boost its turnover and profit during 2023. The Birmingham-based company has reported a turnover of £273.9m for 2023, up from the £237m it posted for 2022. Newly-filed accounts with Companies House also show its pre-tax profit [...]
Big Talk Studios: Bumper year for ITV-owned The Outlaws maker

September 2, 2024

Revenue and profit both surged at Big Talk Studios, which helped make the likes of Shaun of the Dead and Hot Fuzz, during 2023. The business, which was founded by Nira Park in 1994, led by CEO Kenton Allen since 2008 and acquired by ITV Studios in 2013, has reported a revenue of £35.7m for the 12 [...]

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By: Jon Robinson

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