Inflation to climb again in fiscal headache for Sunak March 21, 2022 Inflation in the UK will accelerate to its highest rate since 1991, according to bets placed by City economists on Wednesday’s fresh data released ahead of Chancellor Rishi Sunak’s spring statement. The rate of price rises will breach six per cent, new figures from the Office for National Statistics (ONS) will show. Rising energy and [...]
Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
Deliveroo losses widen with warnings of future cost pressures March 17, 2022 Deliveroo has reported widening losses of £131m as the food delivery firm warned of the impact of hiked costs. The firm said its core adjusted loss had widened compared to a loss of £11m in 2020, citing increased marketing spend and investment into technology. However, revenue soared 57 per cent, with food delivery apps benefiting [...]
Be part of something glorious this summer March 14, 2022 The Qatar Goodwood Festival, which takes place from Tuesday 26 July to Saturday 30 July, is one of the undisputed highlights of the British sporting and social calendar. The world-famous five-day festival, affectionately known as ‘Glorious Goodwood’, presents spellbinding sport to the backdrop of the rolling Sussex Downs. To whet the appetite for an exquisite week [...]
A love-letter to Mykonos: Why this Greek island has it all March 14, 2022 From the sunken fire pit, guests can watch the sun setting over the neighbouring island of Delos. Gold, amber and peach streaks are scrawled across the sky, like an angry toddler has raided the crayon box. The smoke rises up, making smudges, like dirty fingerprints across the sky. A few decades ago, this outdoors spot [...]
Letters: Just Eat just working hard March 7, 2022 [RE: Just Eat revenue jumps a third as it mulls pulling out of Portugal and Norway, March 2] This week’s results from Just Eat were by no means the result of trend or chance; Just Eat worked to fill an important gap in the delivery market for consumers: experience. Their business model delivers on high [...]
Weekend Explainer: Why has Gordon Brown said Vladimir Putin should face a Nuremberg-style tribunal? March 5, 2022 Today, at an online event hosted by Chatham House, former UK prime minister Gordon Brown called on countries to set up a special tribunal, in line with the model used in the Nuremberg trials, to punish Vladimir Putin over Russia’s invasion of Ukraine. Speaking at the Chatham House event alongside Ukraine’s foreign minister Dmytro Kuleba, [...]
Just Eat revenue jumps a third as it mulls pulling out of Portugal and Norway March 2, 2022 Just Eat Takeaway.com enjoyed a revenue jump of more than a third in 2021, dwarfing its pandemic figure by some €1.3bn (£1bn). The Amsterdam-based delivery giant pulled in €5.3bn (£4.4bn) in the 12 months, up from €4bn (£3.3bn) in 2020 when it reaped the rewards of homebound consumers itching to eat out under lockdown restrictions. [...]
McLaren in IndyCar: How the papaya team are looking to break America February 22, 2022 When racing gets underway at the 2022 IndyCar season opener in St Petersburg, Florida, on Sunday it will herald a new era in motorsport for McLaren Racing. The British outfit and offshoot of the luxury carmaker, better known for their Formula 1 success, are embarking on their first season as majority owners of Arrow McLaren [...]
Saturday sitdown: Whistle king Simon Topman on surviving two world wars and a global pandemic February 19, 2022 With businesses around the world managing the Covid pandemic and each facing their own set of challenges, City A.M. caught up with Simon Topman, managing director of 150-year-old ACME Whistles, to blow the whistle on how this pandemic has differed from two world wars and other global disasters. Since inventing and making the first ever [...]