UK end-of-life provider swings from £20m loss amid strategy overhaul March 23, 2022 Dignity has swung from a nearly £20m loss amid strategy overhaul at the UK’s only end-of-life provider. The London-listed company reported a £32m profit in the year to 31 December, however, revenue was largely flat, dipping just one per cent to £353.7m in the period. Dignity has also recovered earnings per share over the past [...]
Wildwood restaurant owner Tasty remains ‘cautiously optimistic’ amid ongoing labour shortages and inflation woes March 23, 2022 Wildwood restaurant owner Tasty reported a 44 per cent revenue boost to £34.9m this morning, despite obstacles in re-opening stores.
UK’s second biggest automotive firm Pendragon’s profits soar in post-pandemic revival March 23, 2022 The second biggest automotive retailer in the UK, Pendragon, increased its underlying pre-tax profit by ten-fold in 2021. The Nottingham-based firm increased its revenue by 18 per cent from the pandemic year, making £61.5m in profit after 2020’s near-£25m loss. It also had £83m in underlying profit before tax, a major improvement from 2020 which [...]
UK inflation tops 6 per cent as households call on Rishi Sunak for cost of living respite March 23, 2022 The Consumer Prices Index (CPI) measure of inflation marked the largest monthly increase since 2009 last month. According to the Office for National Statistics (ONS), CPI rose 0.8 per cent in February 2022 on a monthly basis. This was compared to a rise of just 0.1 per cent in February 2021. CPI rose 6.2 per [...]
Soaring energy bills cause hospitality businesses to raise prices and cut opening hours March 23, 2022 Spiralling energy bills are forcing hospitality businesses to raise prices and cut trading hours, says a new survey from four UK trade bodies.
Explainer-in-brief: Fuel duty cuts and road taxes will drive us forward March 23, 2022 In 2011, then-Chancellor George Osborne cut fuel duty by 1p and froze it. It has stayed at 57.95p per litre ever since. Now as motorists face the second petrol crisis in five months – after crucial shortages in October last year – Rishi Sunak is expected to cut fuel duty again in his spring statement. [...]
City Moves: Who’s switching jobs in the Square Mile? March 23, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Capital Group Capital Group has hired a head of product development for Europe and Asia, a newly created role for the investment firm. Based in London, Kat Ferris joins from Morgan Stanley Investment Management, where she was head of international product for four years. [...]
Exclusive: Jobs in London’s £30bn green sector to double by 2030 March 23, 2022 The number of green jobs in central London is expected to double by the end of the decade – and double again by 2050 – according to research shared exclusively with City A.M. today. The green sector, which generated around £29bn in 2021, will host 335,000 jobs in the capital by 2030, research by Central [...]
As Omicron sweeps through again, Britain has finally learnt to live with Covid-19 March 23, 2022 A huge third wave of Omicron cases is sweeping the country. This will be readily apparent in the everyday lives of many people. Family members have it, work colleagues have gone down, small restaurants and service businesses must close for a few days through staff shortages. According to the reliable Zoe Covid data produced by [...]
UK has potential to become ‘global epicentre’ for crypto innovation March 23, 2022 The UK should solidify its position as a Fintech hub by creating a welcoming regulatory environment for crypto, industry experts claim.
