Dishoom warns that Brits’ low incomes pose risk for hospitality August 13, 2025 Dishoom has warned that the dual effects of still-low disposable income in the UK and tax rises in last autumn’s Budget present a short-term risk to British hospitality. The iconic restaurant business added that these factors may be exacerbated by “a possible slowdown in economic growth”. Confidence in the UK’s hospitality sector has been in [...]
Exclusive: America’s Cup deal opens door to sailing prize money August 13, 2025 The new commercial partnership signed as part of the coming 38th America’s Cup opens the door to the world’s oldest sporting trophy offering prize money, City AM can reveal. An agreement signed by the defending champions, The Royal New Zealand Yacht Squadron, and the British challenger, The Royal Yacht Squadron, is seen as a seismic [...]
City AM Triathlon Team Challenge at T100 London hailed as great success August 13, 2025 A successful London T100 Triathlon weekend saw Maurten UK come home first in the City AM Triathlon Team Challenge. The London-based subsidiary of Swedish sports nutrition company Maurten AB came first out of 26 City AM Triathlon Team Challenge teams in a time of one hour, 12 minutes and 47 seconds. The likes of Steph [...]
Zilch hikes provisions amid ‘record year’ for customer growth August 13, 2025 UK fintech Zilch raised its provisions for losses in the last year as demand for buy now, pay later services ballooned. The London-headquartered firm raised provisions for credit losses – funds set aside to cover estimated losses from failed repayments – to £27.4m – a 116 per cent jump from £12.7m the year prior. Credit [...]
Campanelle restaurant review: Beware! Dangerously good carbonara August 13, 2025 There are some truly perverse architectural sights in the City of London. Walk down Bishopsgate and teeny-tiny St Ethelburga’s church looks ridiculously quaint in front of the towering Gherkin – it’s one example of how in the Square Mile, history and modernity clash thrillingly. If this sort of architectural nerdery is for you, go to [...]
Musk threatens Apple with legal action in escalating feud with Altman’s OpenAI August 13, 2025 Elon Musk has threatened to sue Apple, accusing the iPhone maker of unfairly favouring ChatGPT developer OpenAI in its App Store rankings and listings. In a series of posts on X, formerly Twitter, the Tesla and SpaceX chief claimed Apple was making it “impossible” for any other AI company to reach the number one position [...]
Richard Mille: Luxury Swiss watch brand’s sales tick past major milestone August 13, 2025 Sales at the Europe, Middle East and Africa arm of luxury Swiss watch brand Richard Mille have ticked past a major milestone as its growth streak continues. The London-headquartered division has posted a turnover of CHF 404.4m (£371.2m) for 2024, up from the CHF £378.7m it achieved in 2023. New accounts filed with Companies House [...]
Notting Hill Carnival: The Met is writing its own rules for live facial recognition August 13, 2025 With the Met primed to use live facial recognition tech at the upcoming Notting Hill Carnival, primary legislation is needed urgently.
Sir Rocco Forte enjoys record pay day after hotels empire deal August 13, 2025 The hotels group founded by Sir Rocco Forte has issued a record dividend for the first full year after Saudi Arabia’s Public Investment Fund (PIF) became a major shareholder. Rocco Forte Hotels has paid out dividends totalling £8.9m for the year to 30 April, 2025, to its shareholders. The international hotels group, which is headquartered in [...]
Spurs to play for £4.3m ahead of new Premier League season August 13, 2025 Tottenham Hotspur have the chance to bag €5m (£4.3m) in prize money as they face PSG in the Uefa Super Cup on Wednesday. Spurs are set to receive €4m (£3.4m) regardless of the result, but a win against the Ligue 1 champions would add an extra €1m (£0.8m) to the prize pot. The Uefa Super [...]