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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Diageo: Debra Crew gets golden goodbye after being ousted as CEO

August 14, 2025

The former chief executive of FTSE 100 giant Diageo is set to receive a bumper pay day after being ousted last month, it has been revealed. Debra Crew quit with immediate effect in July and was succeeded on an interim basis by the embattled drinks group’s finance boss Nik Jhangiani. Diageo, whose brands include Johnnie [...]
Corinthia London: Profit slashed at five-star hotel despite revenue spike

August 14, 2025

Profit has been slashed at five-star hotel Corinthia London despite its revenue spiking by 80 per cent, it has been revealed. The hotel, which is located on the corner of Northumberland Avenue and Whitehall Place, has posted a pre-tax profit of £67,600 for 2024, new accounts filed with Companies House show. The figure is down [...]
Billionaire Issa brothers shrink empire ahead of blockbuster IPO

August 14, 2025

The forecourts empire founded by the billionaire Issa brothers has sealed a second deal this week to sell off part of its international business as it works up to a possible blockbuster float in New York. Blackburn-headquartered EG Group has agreed to dispose of its operations in Australia to Ampol in a deal which values [...]
FatFace slims down workforce as brand returns to profit

August 14, 2025

FatFace shed almost 300 jobs as it returned to profit in its first full year after being acquired by FTSE 100 giant Next. The retailer was snapped up by the Leicester-based group for £115.2m in October 2023 in a deal which saw it fall to an initially reported pre-tax loss of £3.2m in the 35 weeks [...]
Richard Mille: Luxury Swiss watch brand’s sales tick past major milestone

August 13, 2025

Sales at the Europe, Middle East and Africa arm of luxury Swiss watch brand Richard Mille have ticked past a major milestone as its growth streak continues. The London-headquartered division has posted a turnover of CHF 404.4m (£371.2m) for 2024, up from the CHF £378.7m it achieved in 2023. New accounts filed with Companies House [...]
Sir Rocco Forte enjoys record pay day after hotels empire deal

August 13, 2025

The hotels group founded by Sir Rocco Forte has issued a record dividend for the first full year after Saudi Arabia’s Public Investment Fund (PIF) became a major shareholder. Rocco Forte Hotels has paid out dividends totalling £8.9m for the year to 30 April, 2025, to its shareholders. The international hotels group, which is headquartered in [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget

August 13, 2025

Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
KFC and Pizza Hut help serve up huge profit for owner

August 12, 2025

Huge dividends from KFC and Pizza Hut helped their owner Yum! Brands more than triple its profit last year, it has been revealed. The group’s European division has posted a pre-tax profit of $1.2bn (£892.7m) for 2024, up significantly from the $317.1m (£235.8m) it posted for 2023. The firm, Yum! Restaurant Holdings, is a holding [...]
Alstom: Profit slashed at London Underground trains maker

August 12, 2025

Profit at Alstom, the train manufacturer which supplies the London Underground, has been slashed by almost £100m as its turnover fell significantly during its latest financial year. The Derby-headquartered business has reported a pre-tax profit of £21.9m for the 12 months to 31 March, 2025, down from the £121m it achieved in the prior year. [...]
EG Group: Billionaire Issa brothers sell £367m Italian arm

August 12, 2025

EG Group, the empire co-founded by a major investor in supermarket giant Asda, has sold its Italian division in a deal which values it at €425m (£367m). The Blackburn-headquartered group has agreed terms with a consortium of established Italian operators comprising PAD Multienergy S.p.A., Vega Carburanti S.p.A., Toil S.p.A., Dilella Invest S.p.A. and GIAP s.r.l. [...]

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By: Jon Robinson

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