£300m tax relief for pubs ‘a sticking plaster’ January 27, 2026 Chancellor Rachel Reeves has unveiled a £300m package to support to pubs in their battle against rocketing business rates after widespread backlash to Budget announcements, representing yet another government U-turn on tax plans. The Treasury has announced it will give pubs and music venues a 15 per cent discount on business rates bills from April [...]
Nearly 600 jobs to go as Revolution Bars rescue deal shuts over 20 sites January 27, 2026 Nearly 600 jobs are set to be wiped out after a last-minute rescue deal to acquire the group behind Revolution Bars will see more than 20 sites closed with immediate effect. Administrators for Revel Collective, the AIM-listed hospitality group which also owns the Peach pubs chain, said two separate deals had been reached to sell [...]
DakaDaka review: The comfort food we all need right now January 27, 2026 DakaDaka, 10 Heddon Street, W1B 4BX | Nearest Tube: Piccadilly Circus Heddon Street has developed its own culinary microclimate. Whether by luck or design, it has become a place where you can almost guarantee a decent plate of food, with its current crop of restaurants including Sabor (superlative Spanish), Fonda (respectable Mexican) and Casa do [...]
Revolution Bars owner appoints administrators as hospitality crisis deepens January 26, 2026 Dozens of bars up and down the country could soon shut their doors for the last time as one of Britain’s best-known hospitality groups prepares to appoint administrators. Revel Collective, which owns more than sixty venues comprising the Revolution Bars group as well as the Peach pub chain, said it expects to appoint administrators within [...]
Donald Trump hits JP Morgan and Jamie Dimon with $5bn lawsuit January 23, 2026 President Donald Trump has JP Morgan and its top boss, Jamie Dimon, in a $5bn (£3.7bn) lawsuit following claims the banking giant debanked him for political reasons. Earlier this month, Trump blasted America’s biggest bank for “incorrect and inappropriately” discriminating against him after the President alleged JP Morgan stopped offering him services after the Capitol riots [...]
Booking a ski holiday? This is the unmissable grande dame this season January 22, 2026 Refurbished Suvretta House is the ultimate base for a 2026 ski holiday, writes Adam Hay-Nicholls Had it been director Wes Anderson who’d adapted The Shining for the silver screen – rather than Stanley Kubrick – the fateful Overlook Hotel might have looked something like St Moritz’s Suvretta House. Imagine that Walt Disney and Baron Münchausen [...]
Sally Clarke’s Notting Hill bakery put up for sale after suffering losses January 16, 2026 A bakery business owned by seasoned restaurateur Sally Clarke has been put up for sale on an insolvency marketplace after suffering losses, City AM can reveal. The Notting Hill Bakery, which employs dozens of staff and makes nearly £6m per year selling artisan breads, cakes and cookies, is seeking buyers for all or part of [...]
England cricket fans rivalled players’ drinking during Ashes, data reveals January 15, 2026 The England cricket team’s alcohol consumption on the ill-fated recent Ashes tour may have grabbed the headlines but new data reveals their supporters matched them drink for drink. Figures collated by Revolut and shared with City AM show that spending in Australian bars, nightclubs, restaurants and other venues by British visitors and expats reached £6.9m [...]
Galvin La Chapelle launches menu to celebrate Toast award January 15, 2026 I have written about restaurants for this newspaper for some 15 years – but my latest visit to City institution Galvin La Chapelle was a first: reviewing a menu designed to celebrate winning a City AM award. Last year we hosted the first Toast the City awards, celebrating the things that make the Square Mile [...]
Mayfair-based The Arts Club plunges to £4m loss after wellness venture sours January 14, 2026 One of the swankiest private members clubs in central London has bemoaned a “challenging economic backdrop” after it suffered a loss of nearly £4m. Mayfair-based The Arts Club, which was founded in the 1860s by Charles Dickens and Anthony Trollope and has been frequented by the likes of Beyoncé, Jessie J and Pippa Middleton, incurred [...]