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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Tourists’ return boosts sales at Italian luxury fashion house Zegna

August 21, 2024

Sales at the UK arm of Italian luxury fashion house Zegna jumped by almost a quarter in 2023 thanks to the return of tourists following the Covid-19 pandemic. The division has reported a turnover of £30.7m for the 12 months, up from the £24.8m it posted for 2022. Newly-filed accounts with Companies House also show [...]
Jaguar Land Rover and Porsche supplier almost triples sales

August 21, 2024

Andersen EV, an electric charging start-up which supplies the likes of Jaguar Land Rover and Porsche, almost tripled its sales during its latest financial year. The Bedfordshire-headquartered company, which was formerly known as Evios, has reported a turnover of £3.7m for the year to 31 March, 2024, up from the £1.3m it reported in the [...]
Puregym poaches Punch Pubs boss as new chief

August 21, 2024

Puregym has poached the chief executive of Punch Pubs & Co as its new boss. Clive Chesser will succeed Humphrey Cobbold, who will become Puregym’s new chair. Chesser and Cobbold are expected to take on their new roles on 6 November. In a separate announcement, Punch Pubs & Co confirmed that its chief operating officer, [...]
Valentino: Clothes swap campaign leads to UK sales success for luxury brand

August 21, 2024

A campaign by global luxury fashion brand Valentino for shoppers to trade in their clothes in exchange for vouchers helped sales jump at its UK arm during 2023, it has been revealed. Valentino’s UK arm has reported a turnover of £38.9m for the year, up from £34.3m, according to newly-filed accounts with Companies House. The [...]
Falling number of London taxi drivers leads to LEVC losing more than £100m

August 21, 2024

LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]
Marv Studios: Record year for Matthew Vaughn and Claudia Schiffer’s Kingsman maker

August 21, 2024

Marv Studios, the production company founded by Matthew Vaughn and Guy Ritchie, achieved the best year in its history as it surged back into the black. The firm, which is now owned by Vaughn and his wife Claudia Schiffer, has posted a pre-tax profit of £72.7m for the year to 30 June, 2023. The company [...]
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon

August 21, 2024

Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]
Profit takes off at Bournemouth, Exeter and Norwich airports owner

August 20, 2024

Profit at the group behind a number of regional airports surged during its latest financial year thanks to a sharp rise in the number of passengers and amount of cargo it handles. Regional & City Airports Group has posted a pre-tax profit of £14.2m for the year to 31 March, 2024, up from £1.3m. Newly-filed [...]
New York float worth £1.2bn involving Michael Klein abandoned

August 20, 2024

The planned $1.6bn (£1.2bn) merger involving a Cheshire investment group founded by the brother of former Take That singer Jason Orange, that would see it float on the New York Stock Exchange, has collapsed. The deal between Corpacq, which was founded by Simon Orange, and Churchill Capital Corp VII, a special purpose investment vehicle set [...]
Flexjet: Increasing popularity of private jets helps UK sales soar

August 20, 2024

The UK arm of private jet company Flexjet is eyeing further growth in Europe after increasing its sales and cutting its pre-tax loss during its latest financial year. The London-based division of Flexjet, which operates in the fractional ownership market, has posted a turnover of £40.9m for 2023, up from £38.4m in 2022. Newly-filed accounts [...]

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By: Jon Robinson

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