Revolution Bars warns on profits amid venue closures and cash crunch January 24, 2024 Revolution Bars has slashed its profit expectations for the year in the face of bar closures and cash strapped youngsters ditching night outs.
Easyjet takes £40m hit from Israel-Gaza war as losses narrow January 24, 2024 Easyjet said renewed conflict in the Middle East wiped £40m off its bottom line in the last quarter, after flights were paused to the region.
Colombian billionaire who rescued Metro Bank appoints himself to board January 24, 2024 Jaime Gilinski Bacal, the Colombian billionaire who led a major refinancing package for struggling Metro Bank, has appointed himself to its board as a non-executive director. As part of the deal struck between the lender and the banking tycoon last year, Bacal and his firm, Spaldy Investments, are entitled to appoint up to three directors [...]
Tim Martin: JD Wetherspoon had a bumper Christmas but high labour costs are bruising pubs January 24, 2024 Sir Tim Martin, the outspoken boss of Wetherspoon’s has said labour and energy costs are far higher than pre-pandemic, highlighting the disparity between pubs, restaurants and supermarkets.
Quilter: Asset manager bucks industry trends with positive net flows January 24, 2024 Quilter has bucked the trend of sustained outflows experienced by other asset managers in recent months, gaining £56m in inflows in the last quarter of 2023. In a trading statement today, the firm reported that its assets under management and administration increased five per cent between September and the end of the year, to £106.7bn. [...]
Watchdog: ‘Unsustainable’ Royal Mail could be allowed to deliver post on only three days of the week January 24, 2024 The communications watchdog has called for modernisation of the Royal Mail and postal service for the modern age – with proposals including a slower first-class service and reducing the number of delivery days from six to three. Ofcom this morning called for a “national debate” on the future of the UK’s postal service. Following the [...]
London O2 arena launches £7m members club with Qatar Airways rights deal January 24, 2024 London's O2 arena has launched a premium members club worth £7m, which Qatar Airways has bought the naming rights to.
Mark Kleinman: Post Office needs new leaders to deliver January 24, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Aviva, L&G and top Tory MP piles pressure on Chancellor to open up share schemes January 24, 2024 Sir Graham Brady and some of Britain’s biggest firms, including Aviva and BAE Systems, are piling pressure on the chancellor to overhaul so-called share incentive plans and unlock a “new wave of employee share ownership”, City A.M. can reveal.
Corporation: London still number one financial centre in the world despite listings pain January 24, 2024 London has kept its place as the top global financial centre in the world, according to a new report from the City of London Corporation, despite widespread concern over the state of the capital's equity markets.
