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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All 1878 Articles

IBM sheds nearly 400 UK jobs as profit slashed

July 22, 2025

IBM shed almost 400 jobs in the UK in 2024, it has been revealed, as its profit was slashed by nearly a quarter. The UK arm of the US giant saw its headcount reduce in the 12 months from 7,309 to 6,920, new accounts filed with Companies House show. The fall in headcount in 2024 [...]
Decathlon: Losses almost double amid ‘significant transformation’

July 22, 2025

Losses almost doubled at Decathlon during its latest financial year as a “significant transformation” impacted its sales. The retailer has reported a pre-tax loss of £23.7m for 2024, according to new accounts filed with Companies House. The total comes after Decathlon also posted a loss of £11.9m for 2023. The business last achieved a pre-tax [...]
Thameslink boss steps down after less than two years

July 21, 2025

The chief executive of Go-Ahead, the group which operates London’s Thameslink, Gatwick Express and the Elizabeth Line through a joint venture, has stepped down after less than two years in the role. Miguel Parras has resigned from his role at the Newcastle-headquartered group to “pursue other opportunities” after 20 months. The group has not announced [...]
Flexjet: Private jet giant valued at $4bn after mega funding round

July 21, 2025

Flexjet, the world’s second-largest private jet company, has been valued at around $4bn (£2.9bn) after securing $800m in new funding. The US firm’s latest funding round has been led by private equity giant L Catterton – which itself is backed by luxury group LVMH. Other backers of the round include KSL Capital Partners and J. [...]
Sir Richard Branson-backed Gridserve cuts jobs as it loses over £80m

July 21, 2025

Gridserve, the electric vehicle (EV) charging network whose investors include a fund backed by Sir Richard Branson, cut jobs as it lost more than £80m in 2024, it has been revealed. The Swindon-headquartered business has reported a pre-tax loss of £82.7m for its latest financial year, according to new accounts filed with Companies House. Gridserve [...]
Roadchef: M25 and M1 delays force motorway services to a loss

July 21, 2025

Significant disruption on the M25 and M1 forced motorway service station chain Roadchef into the red in 2024, it has been revealed. The Staffordshire-headquartered group, which operates a 30-strong network of motorway service stations, has posted a pre-tax loss of £5.9m for its latest financial year. The total comes after the business achieved a pre-tax [...]
Brit Awards in the red ahead of Manchester move

July 21, 2025

The company behind the Brit Awards has fallen into the red ahead of moving the annual event out of London for the first time in its history. Brit Awards Limited has reported a pre-tax loss of £12,653 for 2024, new accounts filed with Companies House have confirmed. The loss comes after the business made a [...]
Losses continue at Simon Cowell’s talent agency YMU amid high-profile departures

July 18, 2025

Losses continued at the London talent agency which represents the likes of Simon Cowell, Graham Norton and Ant and Dec in the period it was sold for £60m, it has been revealed. YMU, whose clients also include Stacey Solomon and Davina McCall, was taken over by Permira Credit in March 2024. The deal, which saw [...]
Game over for Tomb Raider composer after Covid loan fraud conviction

July 18, 2025

A video game composer and sound designer best know for his work on the Tomb Raider series has been jailed for fraudulently applying for a Covid loan. Peter Connelly, who is based in Durham, overstated his company’s turnover to obtain a second Bounce Back Loan of £37,500 in 2020 when businesses were only entitled to [...]
Mike Ashley’s investments double to £1bn thanks to Hugo Boss shares

July 17, 2025

The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in [...]

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By: Jon Robinson

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