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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Autumn Budget: Rachel Reeves told to scrap ‘not fit for purpose’ Lifetime ISA

September 12, 2025

Chancellor Rachel Reeves has been warned that the Lifetime ISA (LISA) is “not fit for purpose and must be reformed” in the Autumn Budget. Tom Goddard, a senior associate at audit, tax and business advisory firm Blick Rothenberg, has argued that the LISA “must be reformed to not conflict with shared ownership schemes”. The LISA [...]
Toyota’s UK profit almost wiped out amid ZEV mandate battle

September 12, 2025

Toyota’s UK profit has almost been wiped out as the carmaker battled a decline in market share and compliance with the ZEV [Zero Emission Vehicle] mandate. The Surrey-headquartered division has posted a pre-tax profit of £462,000 for the 12 months to 31 March, 2025, down from the £11.5m it achieved in the prior year. New [...]
Wicked: Record London show sales after film’s success

September 11, 2025

The global box office success of the big screen adaptation of musical Wicked helped the London stage show rake in record ticket sales last year. The film, staring Cynthia Erivo and Ariana Grande, was released in November 2024 and generated more than $756m (£559.2m) worldwide off the back of a successful promotional tour. It was [...]
Cadbury shakes off royal snub as sales surge

September 11, 2025

Cadbury has shaken off losing the royal seal of approval after a surge in European sales helped its profit jump during its latest financial year, it has been revealed. The Birmingham-based iconic chocolate maker hit the headlines at the end of 2024 after being dropped from the list of royal warrants for the first time [...]
Carlton Club in the red as it counts the cost of Labour’s victory

September 11, 2025

The Conservative Party stronghold, the Carlton Club, has fallen into the red as it counted the cost of Labour’s victory in last year’s general election. The private members’ club, which was the original home of the party, said it lost out on revenue after “functions declined due to the cancellation of political events following political [...]
Revealed: How much profit Amazon makes in the UK

September 10, 2025

Amazon’s UK profit has been revealed – with the total estimated to be well above the £500m mark. Unusually, Jeff Bezos’ empire doesn’t file a single set of group accounts for its UK activities, instead choosing to report each company’s results separately with no parent entity in this country. The picture is also further complicated [...]
Profit slashed at Mike Ashley-backed Hugo Boss

September 10, 2025

Profit at the UK arm of Hugo Boss, which counts Mike Ashley’s Frasers Group as a major shareholder, has been slashed for a second consecutive year. The London-headquartered division of the German group has posted a pre-tax profit of £9m for 2024, down from the £16.8m it achieved in 2023 and £30.4m in 2022. New [...]
David Beckham’s former esports team owes millions after closure

September 10, 2025

Creditors of an esports company initially backed by David Beckham are set to be left out of pocket to the tune of more than £2m after the firm went out of business. Guild Esports, which owns a multi-story gaming venue in Shoreditch, officially entered voluntary liquidation earlier this month after first being put up for [...]
Princess Yachts back in profit but Rachel Reeves’ Budget forces job cuts

September 10, 2025

A luxury yacht builder has surged back into profit and its sales jumped by more than £100m as hundreds of jobs were cut because of Chancellor Rachel Reeves’ Budget. Plymouth-based Princess Yachts has reported a revenue of £378m for 2024, up from the £276.3m it achieved in 2023, according to new accounts filed with Companies [...]
Losses balloon at Ryder Cup host Celtic Manor Resort

September 9, 2025

Losses have ballooned at the company behind the former Ryder Cup host Celtic Manor Resort despite its revenue rising during its latest financial year, it has been revealed. The five-star golf, spa and hotel destination, which is located near Newport in Wales, has posted pre-tax losses of £11.3m for 2024, according to new accounts filed [...]

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By: Jon Robinson

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