Double-digit footfall boost for London and South East as shops fear cost of living crunch will deter customers April 5, 2022 Retail footfall saw a double-digit boost last month in London and the South East, thanks to a bout of sunshine. London and the south East saw a 11.3 per cent rise in footfall to retail destinations in March. This represented footfall down 22 per cent on pre-pandemic levels. Across the UK, footfall was up 9.9 [...]
Egg farmers: Supermarkets must raise prices by 40p to avert sector crisis March 31, 2022 Egg farmers have called on supermarkets to up the price of a dozen eggs by 40p as producers face cost pressures. Many free range egg farmers are bleeding cash on every egg laid by one of their hens, according to the British Free Range Egg Producers Association (BFREPA). Shoppers in the UK were unable to [...]
Hostelworld: Revenue recovers as travel restrictions scrapped as online agent posts €17.3m loss March 31, 2022 Hostelworld has marked a “challenging year” as the online travel agent has slowly seen bookings rebound with the easing of travel rules. Hostelworld marked a net revenue of €16.9m for the year to 31 December, an increase of 10 per cent year on year. The Dublin-based company said its full year net bookings totalled 1.5m, [...]
Babcock to sell emergency aviation division as part of disposal programme March 29, 2022 UK Government contractor Babcock is reportedly in talks to sell its emergency aviation services as part of its disposal programme. The group is expected to sell the division to infrastructure investment manager Ancala Partners for around £100m, Sky News broke the news today. The UK Air Ambulance fleet is part of Babcock’s division but it [...]
City A.M. Awards 2022: Dealmaker of the Year March 29, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
McColl’s boss steps down after six years at the helm amid rescue talks March 24, 2022 The chief of beleaguered convenience store chain McColl’s has quit as the business faces an existential crisis. The chain has been in talks with lenders over emergency cash, as it hopes to find a buyer to secure its future. After three decades with the chain and six years in leadership, Jonathan Miller has quit the [...]
Watchdog says Morrisons takeover could lead to higher fuel prices in more than 100 locations March 24, 2022 The competition watchdog has said Morrisons’ blockbuster private equity takeover could lead to higher fuel prices. Clayton, Dubilier & Rice (CD&R)’s £7bn takeover of the supermarket could lead to higher fuel prices in 121 locations where both firms own forecourts, the regulator said. The Competition and Markets Authority (CMA) said it has concerns about the [...]
City Moves: Who’s switching jobs in the Square Mile? March 23, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Capital Group Capital Group has hired a head of product development for Europe and Asia, a newly created role for the investment firm. Based in London, Kat Ferris joins from Morgan Stanley Investment Management, where she was head of international product for four years. [...]
UK firms welcome Ukranian refugees with offer of 10,000 jobs March 13, 2022 British businesses including Marks & Spencer are calling on government to welcome Ukranian refugees fleeing war in Russia.
Animal Kingdom at Hampstead Theatre is theatre as therapy March 8, 2022 The intimate Hampstead Downstairs is just the setting for the emerging playwright to display their wares – all the more so when the work in question introduces its audience to the very private, innermost space of a family therapy session. From the other side of an imaginary two-way mirror, the audience observes an exposed, unadorned [...]