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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Louis Vuitton: Sales and profit slashed amid luxury spending slowdown

June 20, 2025

A continued slowdown in luxury retail spending saw sales at the UK arm of Louis Vuitton slashed by almost £90m and profit tumble during 2024, it has been revealed. The fashion powerhouse has reported sales of £488.2m for its latest financial year, down from the £575.2m it achieved in 2023. New accounts filed with Companies [...]
Refy: Sales spike at influencer Jess Hunt’s beauty brand

June 19, 2025

Sales and profit have both spiked at Refy, the beauty brand co-founded by British model, social media influencer and entrepreneur Jess Hunt. The Manchester-based business, which Hunt launched alongside chief executive Jenna Meek, has posted a turnover of £40.3m for the year to 31 August, 2024, according to new accounts filed with Companies House. The [...]
‘We need the next Nikolay Storonsky’: Labour urged to act now to create next tech unicorn

June 19, 2025

The UK needs to attract the next Nikolay Storonsky to its shores if it wants a new technology revolution to be built here, the CEO of tech unicorn Motorway has said. Tom Leathes, speaking on an up-coming episode of City AM’s Boardroom Uncovered show, said the country needs “the next Nikolai to come over and [...]
B&M swaps one tax haven for another

June 19, 2025

B&M has revealed plans to swap Luxembourg, the European tax haven the discount retailer has been domiciled in for over a decade, with Jersey. The London-listed company, which has its operational headquarters in Liverpool, said the move would simplify its corporate and administrative structure and provide “greater flexibility for returning capital to shareholders going forward”. [...]
Matalan: Huge losses continue as almost 200 jobs lost

June 19, 2025

Huge losses have continued at Matalan as its sales dipped below £1bn and it shed almost 200 jobs. The Liverpool-headquartered retailer has reported a pre-tax loss of £67.2m for the 12 months to 22 February, 2025. The total comes after Matalan also posted a pre-tax loss of £60m in its prior year. New accounts also [...]
UK’s largest fibre glass factory to close as rescue talks collapse

June 18, 2025

The government’s industrial strategy was at risk of smashing into pieces after it emerged the country’s largest fibre glass factory is set to close. The Japanese owners of Electric Glass Fiber UK’s factory in Wigan, near Manchester, which produces materials used in electric cars and wind turbines, decided to close the site at a meeting [...]
Toyota braced for motor finance pay out as ruling nears

June 18, 2025

Toyota has set aside millions in case the Supreme Court rules the company and the wider industry should pay customers compensation when it delivers its verdict on the motor finance saga in the coming weeks. The UK-based financial services arm of the car giant has earmarked the funds to shore itself up in the eventually [...]
Peel Hunt: Bonuses scrapped for third year running

June 18, 2025

Peel Hunt has scrapped bonuses for its top executives for a third year running as losses at the investment bank continued. Chief executive Steven Fine took home a pay packet of £465,000 for the year to 31 March, 2025, while chief financial and operating officer Sunil Dhall received £316,000, according to its latest annual report. [...]
Magnet: Hundreds of jobs lost as kitchen maker closes more stores

June 18, 2025

More than 300 jobs have been lost at the company behind kitchen maker Magnet as it continues its fight to return to profit. Nobia Holdings UK has been attempting to turn itself around since 2019 when it last made a pre-tax profit. Since then its transformation plan has seen hundreds of jobs lost and stores across [...]
Sale Sharks tycoon Simon Orange buys steel giant

June 17, 2025

The co-owner of rugby union side Sale Sharks, Simon Orange, has bought the UK’s second-largest steel contractor just a few months after selling his investment business in a deal worth more than £1bn. Self-made millionaire Orange, whose brother Jason was an original member of Take That, has snapped up a majority stake in Greater Manchester-based [...]

Investors tremble as Iran risks oil price spiral with attack on Strait of Hormuz

UK Sport: We invest £32m in winter sports because Britain cares deeply

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Jon Robinson

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