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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The Range owner confident of sales success but Homebase rescuer struggles to return to profit

November 19, 2024

The owner of The Range has forecasted a continued rise in its sales as it carries on taking advantage of “high profile retail casualties” after rescuing Wilko and Homebase. CDS (Superstores International) hit the headlines again recently when it snapped up part of strike DIY chain Homebase out of administration. The move came after the [...]
Cyber attack dents profit at Arnold Clark as sales near £5bn

November 19, 2024

Sales at car dealership giant Arnold Clark edged closer to the £5bn mark but the aftermath of a cyber attack and rising costs contributing to a significant cut to its profit. The Glasgow-headquartered group has reported a revenue of £4.96bn for 2023, newly-filed accounts with Companies House have revealed. The latest total comes after Arnold [...]
Kwik Fit restores hundreds of jobs as sales and profit accelerate

November 19, 2024

Sales and profit at Kwik Fit accelerated during its latest financial year as the company created restored the 200 jobs it had previous shed. The Letchworth Garden City-headquartered business has posted a turnover of £633m for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The latest total comes after [...]
Spreadex: Football focus helps turnover pass £100m

November 19, 2024

A significant move into sponsorship of Championship football teams has helped turnover at Spreadex surge during its latest financial year. The business, which offers financial spread betting, sports spread betting and sports fixed-odds betting, is a major sponsor of clubs such as Watford, Sheffield United, Sunderland and West Bromwich Albion. Spreadex has reported a turnover of £103.2m [...]
Mattioli Woods: Profit slashed at wealth manager as it quit London

November 19, 2024

Profit at wealth manager Mattioli Woods was slashed by more than 90 per cent as it prepared to delist from the London Stock Exchange’s AIM, it has been revealed. The Leicester-headquartered was acquired by London-based private equity firm Pollen Street Capital after the deal was first announced in March. In its latest accounts, which have been filed [...]
Minecraft theme park to open in the UK

November 19, 2024

Merlin Entertainments, the giant that operates the likes of Alton Towers, has revealed plans to open a Minecraft theme park in the UK. The group is to invest more than £85m in the first two attractions, which will be launching in the US and the UK between 2026 and 2027 after partnering with Mojang Studios, [...]
Production firms backed by James Corden and LeBron James in major merger

November 18, 2024

A production company backed by James Corden, which is behind plans for a £450m film studio in Sunderland, is to merged with a business founded by LeBron James. The merger between The SpringHill Company and Fulwell 73, which is expected to complete in the coming weeks, will be backed by Fenway Sports Group, RedBird Capital [...]
Huel: Record sales as profit triples at brand backed by celebrities

November 18, 2024

Huel, which counts the likes of Idris Elba, Steven Bartlett and Jonathan Ross among its investors, has reported record sales as a profit almost tripled during its latest financial year. The Hertfordshire-headquartered company, which is known for its vitamin-enriched food items, has reported a revenue of £214m for the 12 months to 31 July, 2024, up from the £184.5m [...]
Budget could destroy seventh-generation pub giant, warns boss

November 18, 2024

The changes announced in the Budget represent an ‘existential threat’ to the future of a seventh-generation pub and brewing giant, its owner has warned. William Lees-Jones, who owns and runs Manchester-based JW Lees, which has produced real ale since 1828, has warned he is now “facing the very real prospect that we will never be able to [...]
JD Gyms hails record year as sales pass £100m

November 18, 2024

JD Gyms, which is part of the wider empire owned by FTSE 100 giant JD Sports, has posted a pre-tax loss despite its sales passing £100m in what the chain has described as a record financial year. The Greater Manchester-headquartered company has reported a pre-tax loss of £29,000 for the 12 months to 3 February, [...]

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By: Jon Robinson

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