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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Octopus Energy: Profit slashed as Greg Jackson’s giant battles rising costs

February 4, 2025

Profit has been slashed at Octopus Energy as rising costs and falling sales ate into its margin during the giant’s latest financial year. For the 12 months to 30 April, 2024, the group reported a net profit of £83m, down from the £203m it posted in the prior year. Its revenue also dipped from £12.54bn [...]
CurrentBody: Owner of beauty tech firm used by Kim Kardashian and Serena Williams eyes £350m London Stock Exchange float

February 4, 2025

The group behind beauty technology company CurrentBody is eyeing a float on the London Stock Exchange which could be worth £350m. The Beauty Tech Group has lined up Berenberg to lead the business through an initial public offering (IPO), according to a report first published by Sky News. The group is headquartered in Manchester and [...]
Caffè Nero brews record sales success

February 4, 2025

The group behind coffee house Caffè Nero has revealed a sharp increase in sales for the first half of its current financial year. The Nero Group has posted sales of £310m for the six months to the end of November 2024, a new record. The total represents an eight per cent like-for-like rise and 13.6 [...]
Savile Row label Hackett hails international success as profit rockets

February 4, 2025

International success has helped up-market Savile Row clothing label Hackett almost quadruple its profit during its latest financial year as sales surged. The London-headquartered chain has reported a pre-tax profit of £3.8m for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The figure comes after Hackett posted a pre-tax [...]
Dragons’ Den star Steven Bartlett quits Huel board

February 4, 2025

Dragons’ Den star Steven Bartlett has stepped down as a director of nutrition brand Huel, it has been revealed. The celebrity entrepreneur, who has been a long-time investor in the company, had held the role since early 2021. However, a new filing with Companies House has confirmed the Diary of a CEO podcast host has [...]
Celebrity luxury spa group Champneys slips further into the red

February 4, 2025

Celebrity luxury spa group Champneys slipped further into the red despite its turnover edging closer to a milestone, it has been revealed. The group, which has several sites across the country and was founded 100 years ago, has posted a pre-tax loss of £8.4m for the 12 months to 30 April, 2024. The figure has [...]
‘Rachel Reeves, you must do better’: Chancellor urged to act before hospitality’s collapse

February 4, 2025

Chancellor Rachel Reeves has been told to take urgent action to prevent the collapse of thousands of hospitality businesses across the UK. In an open letter Sacha Lord, who was until recently Andy Burnham’s night time economy adviser for Greater Manchester, said he no longer considers Labour to be the party of “business and growth”. [...]
‘Prohibitive building costs’ stunting UK growth projects – Deloitte

February 4, 2025

“Prohibitive costs” involved in construction projects in major UK cities led to a sharp decline in the number of new developments breaking ground in 2024, according to a new report from Deloitte. Deloitte’s latest Regional Crane Surveys, which covers the central areas of Belfast, Birmingham, Leeds and Manchester, has revealed the number of new starts [...]
Freshfields: Revenue passes £2bn at Magic Circle law firm but profit cut

February 3, 2025

Profit at Magic Circle law firm Freshfields was cut during its latest financial year despite its revenue passing £2bn for the first time. Freshfields has reported a pre-tax profit of £668.9m for the 12 months to 30 April, 2024, according to newly-filed accounts with Companies House. Profit before partners’ annuities increased from £497.8m to £675m. [...]
Dan Walker and Jeremy Vine help Channel 5 to record year

February 3, 2025

The star power of Dan Walker and Jeremy Vine helped viewing figures for ITN-produced daily news and current affairs on Channel 5 surge in 2024. 5 News at 5pm, which is anchored by Walker, increased its audience by four per cent to a 3.4 per cent market share. The figure means 2024 was the highest [...]

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By: Jon Robinson

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