Former Cadbury chief to head Wagamama’s owner Restaurant Group October 27, 2021 Cadbury’s former chief financial officer Ken Hanna is reportedly set to become the next chairman of Restaurant Group, which owns several chains including Wagamama, Frankie & Benny’s and Chiquito. A stock market announcement is expected to be made on Thursday, Sky News reported, a day after hospitality companies learnt they will be given a 50 [...]
D-Day for Rishi Sunak: What do City insiders expect from the Autumn Budget? October 27, 2021 In today’s Autumn Budget, Chancellor Rishi Sunak will outline how he plans to “drive growth while keeping the public finances on a sustainable path”. City A.M. checked in with a number of Square Mile professionals this morning to see what they hope or expect the Budget will bring today. VAT Yesterday the news broke that there will [...]
The best places in London for a spooky Halloween cocktail October 27, 2021 While many of the good readers of City A.M. may baulk at the thought of a rowdy Halloween party – especially one at which you may have to wear a costume – this year there are some genuinely exciting events for the more discerning pleasure-seeker. Whether you’re in the market for excellent food with a [...]
How Fiat will get Minimized or Replaced Leading to Evolutionized Forms of Government October 26, 2021 Modern society runs on databases that are run by TTPs (Trusted Third Parties). TTPs decide, in practice, your rights, from trivial to important such as whether your hotel airline reservation is cancelled, if you can only wire a limited amount to your crypto-exchange, that you are not allowed to use AirBNB and if you are [...]
Winter is coming – but we have the vaccines to keep us going October 26, 2021 It’s been impossible not to notice the temperatures falling and the winter nights slowly drawing in. Whilst we can look forward to cosy Autumnal nights and frosty winter walks, that change in the weather also means it’s time to redouble our efforts to fight not just Covid-19, but flu, too. Due to last year’s winter [...]
Whitbread’s Premier Inn recovery ‘ahead of expectations’ despite losses October 26, 2021 Premier Inn owner Whitbread has said the budget hotel chain’s recovery in the past six months has been ahead of expectations. The hotel chain, which was battered by the sudden drop in tourism and overnight stays last year, has enjoyed a strong spike in demand since mid-May, Whitbread said in its interim results for the [...]
Burger King owner’s shares tumble on back of revenue update October 25, 2021 A lower than expected appetite for Burger King and Tim Hortons caused parent company Restaurant Brands International (RBI) to miss quarterly revenue estimates. While the company’s total sales jumped by 10.8 per cent the latest quarter after declining 5.4 per cent over the same period in 2020, the group continued to feel the impacts of [...]
London’s hospitality sector to lose £2.3bn as commuter numbers lag October 25, 2021 The slower return of commuters aboard trains could cost London’s hospitality sector £2.3bn, warned membership body Rail Delivery Group. Data from the group revealed that commuters into London are slower when it comes to getting back to the office, as on 41 per cent of pre-pandemic train commuters have returned, compared with 54 per cent [...]
Las Iguanas owner plots 50 new restaurant openings October 25, 2021 The operator behind Las Iguanas, Bella Italia and Café Rouge is to open 50 new restaurants as part of an investment topping £50m. As well as new venues, the Big Table Group said it planned to refurbish 70 sites over the next three years. Its growth plans will create 1,250 new jobs. Some £35m will [...]
Frieze 2021: An electric start to the new art season October 22, 2021 It is telling, though perhaps unsurprising, that in a time of expanding digital exhibition spaces, curators, artists, and collectors still value face-to-face contact provided by art fairs. Frieze is the best of them all to kickstart the new London art season, with its sculpture garden and two imposing marquees – Frieze London and Frieze Masters [...]