The Restaurant Group scraps dividend and eyes 90 site closures February 26, 2020 The Restaurant Group has suspended its dividend as it announced plans to ramp up Frankie & Benny’s and Chiquito site closures to focus on its Asian-fusion chain Wagamama. The figures Restaurant Group’s shares dipped 3.1 per cent in early trading as it announced it will scrap its dividend to focus on a new strategic plan. [...]
Frankie & Benny’s owner The Restaurant Group to outline site closure plans February 24, 2020 The Restaurant Group – which owns Chiquito, Frankie & Benny’s and Wagamama – is set to announce site closures as it publishes its full-year results this week. Chief executive Andy Hornby – who joined the casual dining company in August – is expected to announce which underperforming sites will be closed. Out-of-town retail park locations, [...]
UK PMI: Manufacturing grows at fastest rate in 10 months despite coronavirus February 21, 2020 UK manufacturing grew at its fastest rate in 10 months in February, according to a flash Purchasing Managers’ Index (PMI) reading, but services fell to a two-month low. According to IHS Markit / CIPS data, manufacturing hit 52.8, up from January’s final rate of 50.1, whilst services fell to 53.3, down from 53.9 last month. [...]
London media hub Outernet signs video production deal with Ridley Scott February 20, 2020 London entertainment hub Outernet Global today said it has inked a deal with veteran filmmaker Ridley Scott to launch a new development and production platform for branded content. Outernet, which is due to open in December, has teamed up with the Ridley Scott Creative Group to provide early-stage funding for visual content producers. The initiative, [...]
The end of cash cannot come at the expense of the unbanked February 20, 2020 Today marks the launch of the new £20 note. With so much of the financial services sector switching to digital, could this be the last new £20 we get? In the future, financial services will be entirely digital — and we are already well on the way towards that reality. A quarter of us in [...]
London St Pancras tops list of Europe’s best train stations February 20, 2020 Europe’s best train station for passengers has been revealed, with London St Pancras taking the top spot. A new survey from the Consumer Choice Centre has ranked Europe’s fifty largest train stations by a series of metrics including accessibility, cleanliness, number of platforms, hospitality and number of strike days, to give a composite score out [...]
EU immigration proposals bad for London, says mayoral candidate Rory Stewart February 19, 2020 The government’s newly released EU immigration proposals have been rubbished by Rory Stewart, with the mayoral candidate claiming he would fight them if elected. Home secretary Priti Patel launched the new immigration plan today, saying the government wanted “economically inactive” Britons to take the place of low-skilled foreigners. As a part of the new points-based [...]
UK inflation rate jumps to 1.8 per cent in January February 19, 2020 UK inflation rose to a six-month high of 1.8 per cent in January, a significant increase from December’s rate of 1.3 per cent, according to official data released today. The rate remains below the Bank of England’s (BoE) target of two per cent. The bump comes as a surprise to analysts, who had forecast the [...]
Working Lunch: Jason Atherton’s Grosvenor Square restaurant The Betterment February 17, 2020 The best places in London to wine and dine your important clients. What is it? The Betterment is not, as the name suggests, an austere Swiss wellness centre, nor is it a cool new cult you can join. It is in fact the latest restaurant by Jason Atherton, who appears to have run out of [...]
The best luxury resorts in the Alps – where to stay and where to ski February 17, 2020 Tap your ski pass, perch on our comfortable chairlift and let City A.M. take you for a tour of the Alps’ best new (or newish) hotels. We’ve had the enviable task of spending the early part of this winter season reviewing the peaks of high-end hospitality and the black runs of flashy facilities; a blizzard [...]