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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Harvey Nichols: Losses near £100m at luxury department store chain as sales fall

April 1, 2025

Harvey Nichols has now lost almost £100m since it last made a pre-tax profit, it has been revealed, after being hit by the cost-of-living crisis and high inflation during its latest financial year. Delayed accounts for the iconic retailer, which was founded in 1831, have revealed its pre-tax loss went from £21.2m to £35.3m in [...]
Rachel Reeves’ tax hikes will cost me £1m – Hooch tycoon

March 31, 2025

The founder of the alcoholic drinks empire behind the likes of Hooch and VK has warned the tax hikes announced by Rachel Reeves will cost him an extra £1m. Steve Perez, the boss of Derbyshire-headquartered Global Brands, added that the Chancellor has “stacked the odds” against businesses like his and that he has “no choice” [...]
The Sun slashes losses as The Times treads water

March 31, 2025

The Sun slashed its pre-tax loss as an increase in cover price helped to offset falling newspaper sales, it has been revealed. Separate accounts filed for The Times also show its finances have remained broadly the same during its latest financial year while TalkTV continued to make a huge loss. The two newspaper groups and [...]
‘It’s tragic that Britain hasn’t made Greg Jackson a national hero’

March 31, 2025

The billionaire founder of Octopus Energy, Greg Jackson, should be recognised more for his achievements in business and made a national hero, according to marketing veteran Rory Sutherland. The vice chairman of Ogilvy added it’s “tragic” that the UK doesn’t “make more heroes of our really innovative business successes” in the way the USA does. [...]
Peloton: Eye-watering UK losses continue as more jobs cut

March 31, 2025

The UK arm of Peloton has reported another eye-watering loss as it continued to significantly cut jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £94.3m for the 12 months to 30 June, 2024, after having also lost £115.2m in the prior year. The latest loss comes after Peloton UK [...]
Sky to overhaul call centres and cut around 2,000 jobs

March 27, 2025

Sky has announced plans to shake up its call centres in a move which will see around 2,000 jobs put at risk of being lost. The media company, which is owned by US media giant Comcast, is looking to close three of its ten call centre sites. Its locations in Stockport, Sheffield and central Leeds [...]
ITV pays its CEO the most in a decade as profit spikes

March 27, 2025

ITV has paid its chief executive the most it has done in a decade after profit more than doubled in 2024. Carolyn McCall took home a pay packet worth almost £4.1m for the FTSE 250 group’s latest financial year, up from the £3m she received for 2023. The latest total is the highest an ITV [...]
London Stock Exchange boss takes home almost £8m despite high-profile delistings

March 27, 2025

The chief executive of the London Stock Exchange Group saw his pay packet swell to almost £8m despite the stream of high-profile delistings in 2024. David Schwimmer took home £7.8m for the group’s latest financial year, up from the £5.3m he was paid for 2023. His remuneration was made up of £1.3m in salary, a [...]
Fentimans returns to profit after cutting costs

March 27, 2025

Fentimans, the soft drinks and tonic water brand, has predicted higher profits in 2025 as it returned to the black during its latest financial year despite the “ongoing challenging backdrop”. The Northumberland-based business has reported a pre-tax profit of £1.4m for 2024, according to new accounts filed with Companies House. The total comes after Fentimans [...]
British Steel: thousands of jobs at risk after £500m subsidy rejected

March 27, 2025

Thousands of jobs have been put at risk after British Steel announced plans to significantly reduce operations at its Scunthorpe steelworks. Up to 2,700 employees are expected to be impacted by the move which would see the closure of two blast furnaces and steelmaking operations as well as a reduction of steel rolling mill capacity [...]

‘Drag on prosperity’: Next boss demands planning system overhaul in rallying cry for growth

Sawe and Adidas London Marathon record could see athletes jump from Nike

Why awe-inspiring Anguilla is the Caribbean’s best-kept secret

By: Jon Robinson

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