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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Totally Wicked: Vapes giant sold to Chinese investor

June 26, 2025

Family-owned vapes retailer Totally Wicked has been sold to a Chinese investor, it has been revealed. The Lancashire-headquartered company, which was founded in 2008 by Jason Cropper, has been acquired by Wittyace UK Holding. The business is controlled by Chinese national Ying Wang and is registered in Cambridge. It is ultimately owned by Wittyace Hk Holding [...]
The Ivy: Jobs continue to be cut as Richard Caring nears £1bn sale

June 26, 2025

Jobs have continued to be lost at the group behind restaurant chain The Ivy as billionaire owner Richard Caring edges closer to a £1bn sale. Troia (UK) Restaurants cut more than 100 roles during its latest financial year as its pre-tax profit also declined despite a rise in revenue, new accounts filed with Companies House [...]
Hallmark: Greeting cards giant halves headcount in two years

June 26, 2025

The UK arm of greeting cards giant Hallmark has cut more than 150 jobs as part of its bid to return to profit. The Bradford-headquartered division of the US group reduced its headcount from 561 to 405 in 2024, new accounts filed with Companies House show. The latest figure is more than half the 867 [...]
Could Motorway be set for a blockbuster London IPO?

June 25, 2025

The chief executive and co-founder of Motorway has spoken out about whether his company will choose London for a possible future float.
BGF: Profit almost doubles at major UK investor

June 25, 2025

Profit at the Business Growth Fund (BGF) has almost doubled thanks to a series of successful exits in 2024, it has been revealed. The organisation, which is one of the UK’s most prominent equity investors, has reported a pre-tax profit of £131.1m for its latest financial year, up from the £67.9m it achieved in 2023. [...]
Wizz Air CEO gets huge bonus despite tumbling shares and profit

June 25, 2025

The chief executive of Wizz Air saw his pay take off despite the airline’s profit tumbling during its latest financial year. Jozsef Varadi took home a pay packet of €3.8m (£3.2m) for the Hungarian low-cost airline’s year to 31 March, 2025, according to its annual report. The CEO’s remuneration was boosted from the €1.3m he [...]
Bella Italia owner slashes losses after shedding 700 jobs

June 25, 2025

Losses at the owner of Café Rouge, Bella Italia and Frankie & Benny’s have been slashed after shedding 700 jobs during its latest financial year, it has been revealed. The Big Table cut its headcount from 4,236 to 3,531 in the 12 months to 27 October, 2024, new accounts filed with Companies House show. Over [...]
Profit surges at Richard Desmond’s empire ahead of UK lottery court battle

June 25, 2025

Profit at Richard Desmond’s Northern & Shell has surged ahead of a battle starting in the High Court over the UK’s National Lottery. The media tycoon is taking the Gambling Commission to court in October after missing out on winning the licence to run the National Lottery in 2022. Richard Desmond’s empire is seeking for [...]
Lego: Profit spikes as sales pass major milestone

June 25, 2025

Profit at the UK arm of Lego spiked in 2024 as its sales passed the £500m mark for the first time, it has been revealed. The Berkshire-headquartered division of the Danish giant has reported a pre-tax profit of £42.9m for its latest financial year. The total comes after Lego posted a pre-tax profit of £24.2m [...]
Asda loses £600m amid major turnaround plan

June 25, 2025

Asda slumped back into the red after losing almost £600m in 2024 despite its total sales rising by more than £1bn, it has been revealed. The Leeds-headquartered supermarket giant has posted a pre-tax loss of £599m for its latest financial year, having reported a pre-tax profit of £180.3m for 2023. The profit in 2023 came [...]

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By: Jon Robinson

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