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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Crown Paints: Losses double as more jobs lost amid DIY downturn

January 3, 2025

Crown Paints saw its pre-tax loss more than double as it shed further jobs despite sales rising, it has been revealed. In delayed accounts, the Lancashire-headquartered firm has reported a pre-tax loss of £16.1m for 2023. The figure comes after Crown Paints made a pre-tax loss of £8m in the prior 12 months. However, the [...]
Global: Huge losses continue for LBC, Heart and Capital owner

January 2, 2025

Global, the media giant which owns commercial radio stations such as Capital, Heart and LBC, has now lost almost £700m since it last reported a pre-tax profit. The London-headquartered empire, which also includes Smooth, Radio X and Classic FM, fell to a pre-tax loss of £120.3m in the year to 31 March, 2024, newly-filed accounts [...]
Profit slashed at Sex Education maker after Netflix series ended

January 2, 2025

Profit at the production company behind hit series Sex Education was slashed in the year the Netflix show came to an end, it has been revealed. Eleven Film, which is headquartered in London, has reported a pre-tax profit of £760,350 for the 12 months to 31 March, 2024. The latest figure comes after the business [...]
Watchfinder continues in the red as sales tick below £100m

January 2, 2025

Watchfinder continued to make a heavy loss during its latest financial year as its sales dipped below the £100m mark. The London-headquartered business, which sells second-hand watches, has reported a pre-tax loss of £12.6m for the 12 months to 31 March 2024. The figure comes after the firm also lost £12m in the prior year. [...]
Dairy giant Muller loses over £65m after Milk & More sale

January 2, 2025

The UK and Ireland arm of dairy giant Muller slumped to a huge loss despite its sales rising by more than £100m, it has been revealed. The Shropshire-headquartered division of the German group fell to a pre-tax loss of £65.3m for 2023, delayed accounts show. The loss comes after the business also made a pre-tax [...]
Marcus Rashford’s investment company faces being forcibly shut down

January 2, 2025

The investment company owned by troubled Manchester United star Marcus Rashford is at risk of being forcibly shut down. MUCS Investments Limited, which counts the footballer as its sole director, has been sued with a compulsory strike off notice by Companies House. The action has been taken after the firm failed to file its accounts [...]
British Airways succeeds Jaguar in public spotlight after rewards changes

January 2, 2025

British Airways has become the latest household name to incur the wrath of a high-profile public backlash in the wake of its decision to significantly change its rewards scheme for loyal customers. The airline revealed earlier this week that it was changing its tiering system for rewards to be based on spend and upped how [...]
Teesworks shareholders get huge pay day as turnover and profit plummet

January 2, 2025

Shareholders in the controversial Teesworks development in the North East have received a bumper pay day despite profit and turnover plummeting at the controversial site. The site has been in the headlines since the company behind the scheme became the target of a government investigation in the wake of 90 per cent of its ownership [...]
Abel & Cole owner enters the red as it battles cost-of-living crisis

January 2, 2025

The owner of organic vegetables box business Abel & Cole fell into the red despite sales increasing as it battled the impact of the cost-of-living crisis. William Jackson Food Group, which acquired Abel & Cole in 2012, has reported a pre-tax loss of £1.5m for the year to 27 April, 2024. The loss comes after the [...]
Lenovo UK sales near £1bn amid Huawei retreat

January 2, 2025

Sales at the UK arm of Chinese technology giant Lenovo jumped closer to the £1bn mark during its latest financial year. The division has reported a turnover of £982.8m for the 12 months to 31 March, 2024, up from the £969.3m it generated in the prior year. Newly-filed accounts with Companies House also show that [...]

FTSE 100 Live: Stocks to slide on new tensions in Strait of Hormuz

Sorry Hearn, Northampton Saints idiots if they pay Pollock £1m

Rolls-Royce Spectre Series II review: Driving a Rolls on a racetrack – yes, really…

By: Jon Robinson

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