Hilton Food Group revenue surpasses £3bn amid vegan and vegetarian boom April 6, 2022 Hilton Food Group’s revenue has surpassed its pandemic figure, due in part to the boom in vegan and vegetarian food demand. Revenue jumped more than 21 per cent to £3.3bn in the year to 2 January, up from £2.7bn in 2020, according to the group’s preliminary results today. Growth in its protein categories fuelled the [...]
City watchdog hires three senior officials as it ramps up recruitment drive April 5, 2022 The City watchdog has hired three new senior officials as it pushes to strengthen its authorisation process, it announced today. City veteran Craig Chapman is set to join the FCA as Finance Director, from his current role as CFO at London fintech firm RTX Routetrader. Prior to joining RTX Routetrader, Chapman worked in various senior [...]
Double-digit footfall boost for London and South East as shops fear cost of living crunch will deter customers April 5, 2022 Retail footfall saw a double-digit boost last month in London and the South East, thanks to a bout of sunshine. London and the south East saw a 11.3 per cent rise in footfall to retail destinations in March. This represented footfall down 22 per cent on pre-pandemic levels. Across the UK, footfall was up 9.9 [...]
Pop-up firm Sook tops £1m sales as Instagram businesses dabble with bricks-and-mortar retail April 1, 2022 Pop-up retail company Sook has hit £1m sales, with CEO John Hoyle telling CityA.M. an “explosion” of social media brands are looking for flexible spaces. Speaking to CityA.M., Hoyle said small businesses who use TikTok and Instagram are increasingly keen to venture into physical retail on a flexible basis. The company has seven spaces in [...]
Fashion chain Quiz anticipates profit for first time in three years April 1, 2022 High street clothes-seller Quiz said it anticipates the first year of profit since 2019, after heavy pandemic losses. The beleagured chain forecast a profit before tax of some £500,000 in the year to the end of March. It last made a profit of £600,000 in the year ending March 2019. Total full year group revenue [...]
After an explosion of apps and billion dollar valuations, is the ultra-fast bubble about to burst? April 1, 2022 Any Londoner on a stroll down a main road in the city is bound to encounter a handful of instant grocery delivery riders zipping past. With Getir, Gorillas and Gopuff among other players on the scene, the category has exploded over the past couple of years with some receiving billion-dollar valuations. The pandemic saw many [...]
Brewin Dolphin driven financials rally fails to lift London indexes March 31, 2022 A rally among financial stocks driven by fund manager Brewin Dolphin catapulting after news broke that one of Canada’s biggest banks will buy the firm was not enough to boost London’s top indexes today. The capital’s premier FTSE 100 index lost 0.60 per cent to close at 7,533.56 points, while the domestically-focused mid-cap FTSE 250 [...]
Investors pile into bets against Cineworld as it tops list of most shorted stocks March 31, 2022 Investors have piled into bets against UK cinema firm Cineworld to make it the UK’s most shorted company, new data has revealed.
The City View: Chris Jackson, CEO of green hydrogen firm Protium, talks easing sustainable energy transition March 30, 2022 Today Andy Silvester chats to Chris Jackson, CEO of UK-based green hydrogen energy firm Protium. They go back to Protium’s roots; discuss what green hydrogen acutally is and how the company aims to simplify the decarbonisation process for the companies it works with; and go through why hydrogen, rather than solar and wind energy, might [...]
Oxford St still feeling side effects of Covid as footfall recovery lags behind March 30, 2022 Oxford St has struggled to return to its pre-pandemic glory with football down 46 per cent on pre-Covid levels. Overall, high street footfall levels were down 23 per cent in February, according to an RSM analysis of data from Datscha. International travel restrictions have dampened the numbers of shoppers in central London hubs. Northern shopping [...]