As it happened and live reaction: Jeremy Hunt’s Autumn Budget 2022: UK is now in recession November 17, 2022 Welcome to City A.M.’s live updates as the Chancellor of the Exchequer, Jeremy Hunt, delivers the government’s Autumn Budget for 2022. Here the news team will bring you all the key points, policy changes, opinion, analysis, responses from experts, industry reaction and more. Get in touch and let us know your views via news@cityam.com or [...]
Exclusive: Ambl app for restaurant reservations secures £2.3m cash injection November 17, 2022 A pair of childhood best friends hope to become the Uber or Gorillas of Londoners’ nights-out, after cinching £2.3m funding. Tech start-up Ambl, which was founded by Essex entrepreneurs Aaron Solomon and Jed Hackling, helps diners find an eleventh hour reservation. The app has secured £2.3m in seed capital, with investors including Jon Spiteri of [...]
Demand for corporate Christmas parties through the roof as offices ‘make up’ for Covid November 16, 2022 Work Christmas do’s are back with a bang this year, as City bar and pub chains report strong bookings. Publicans are excited about the industry’s first full Christmas trading season in three years, void of Covid-9 restrictions. Although consumers are caught in the teeth of what’s set to be a protracted recession, Young’s boss, Simon [...]
Premier Foods boosted by consumers eating at home amid rising inflation November 16, 2022 Premier Foods’ revenues continue to rise despite inflation, as the cost of living crisis pushes consumers towards cheaper brands. The London-listed food group, which owns Batchelors, Bisto and Lloyd Grossman brands, has continued to perform well under economic pressure in the UK and across the world. Group revenue rose more than six per cent to [...]
For Afghan women activists at risk, marriage is the best way to the UK November 15, 2022 We have been talking about asylum seekers and migration all year. First, we had the fights with France about Channel crossings; then the debate about the extortionate Rwanda plan. More recently, we’ve been exposed to the inhumane conditions in asylum centres like Manston and just yesterday, there were more conversations with the French over people [...]
Inside The Fox at Oddington, the latest venture from Daylesford Organic Farm November 14, 2022 THE WEEKEND: In the heart of the Cotswolds, close to the picturesque town of Stow-on-theWold, Daylesford Organic Farm is perhaps the country’s poshest farm shop. Owner Carole Bamford, founder of the Bamford wellness brand and Daylesford, has now launched The Fox at Oddington, a ‘pub with rooms’ in a renovated 16th-century pub. It’s made up [...]
I stayed at the real White Lotus hotel in Sicily – it’s as OTT as it looks on the show November 14, 2022 Season two of The White Lotus has traded Hawaii for Sicily. There weren’t any hints in season one of the hugely popular show that The White Lotus hotel is a chain, but it turns out it might be a fictional Four Seasons – one where its inhabitants have an unlucky habit of winding up dead [...]
Exclusive: Spirits set for double digit tax rise in industry’s largest duty hike since 1643 November 11, 2022 Distillers have warned that they’re being squeezed to the bone following the government’s decision to scrap the alcohol duty freeze. With massive increases in the cost of living, a tax increase of almost 16 per cent is set to hit consumers in the pocket just before Christmas. New industry analysis shows that the potential hike, [...]
Rail strikes ‘cost £500m to the economy’ as Nightcap boss says action ‘decimating’ bars November 10, 2022 Ongoing railway strikes have cost the UK economy £500m this year, with businesses pleading with unions and bosses to find a solution to the disruption. “If we don’t get the services restored I’m worried people will give up on rail,” newly-appointed rail minister Huw Merriman told the Railway Industry Association’s conference on Thursday. “That would [...]
Next boss laments not getting ‘Brexit I wanted’ and calls for migration changes to fill staff shortages November 10, 2022 The CEO of Next has implored ministers to ease rules for overseas workers wanting to come to the UK and said he did not get “the Brexit I wanted.” Lord Simon Wolfson reiterated previous pleas for the government to make it easier for workers to move to the UK to plug staff shortages across the [...]