National Express owner’s chief executive runs out of road April 29, 2025 Mobico’s chief executive is to step down as the group struggles to turnaround persistent financial struggles. Ignacio Garat will depart at the end of April after nearly five years in the top job, in which he oversaw the group’s rebrand from National Express in 2023. Mobico chair Phil White, who served as CEO of National [...]
London yet to fire starting gun on 2040 Olympic bid despite Khan backing April 29, 2025 Talk of a London bid to host the 2040 Olympic Games is premature and faces competition from Saudi Arabia, despite the enthusiasm of Mayor Sadiq Khan, City AM understands. Khan this week reiterated his ambition for the capital to become the first city to host the event four times, saying that it would “knock it [...]
Redbird ‘confident’ of tying up Telegraph deal in weeks April 28, 2025 US private equity shop Redbird Capital is “confident” of getting a deal for the Daily Telegraph newspaper over the line in just a few months, marking the end of the conservative broadsheet’s two-year hiatus without an active owner. A source familiar with the negotiations told City AM that the uncertainty continuing to swirl around the [...]
Here’s what to look for when buying Provence Rosé April 28, 2025 We all know what those first glimpses of warm sunshine mean for us Brits. Suddenly the green spaces of London are filled with pasty, sun-craving bodies jostling elbow-to-elbow for a hit of vitamin D. Pubs and cafes fortunate enough to reside on the sunny side of the street overflow come lunchtime. Rosé season is upon [...]
Marriott to acquire smart hotel brand CitizenM for £266m April 28, 2025 Marriott International will acquire hotel and lifestyle brand CitizenM for £266m as it looks to expand its select-service and lifestyle lodging offerings. CitizenM, which opened its first hotel in 2008, currently operates 36 open hotels – with 8,544 rooms – across more than 20 cities. The brand’s current pipeline includes three under-construction hotels comprising over 600 [...]
Eurostar tells rivals to put their money where their mouths are April 28, 2025 Eurostar has called on its rivals to invest in the UK’s capacity for international rail as it insisted it welcomed increased competition. The Temple Mills depot in East London is currently the only place in the UK that can host high-speed, cross-channel trains to and from Europe. It has become a central part of the [...]
Sadiq Khan: London would ‘knock it out the park’ as 2040 Olympic host April 28, 2025 London could face competition from Saudi Arabia if it bids for the 2040 Olympics.
Lidl eyes Mayfair and Chelsea stores amid £500m expansion April 28, 2025 You could soon shop at a Lidl store in the swanky London districts of Mayfair and Chelsea as the low-cost supermarket plans dozens more store openings as part of a £500m expansion plan. The German-owned business, which controls 7.8 per cent of the UK grocery market according to latest Kantar figures, has published a list [...]
US tariffs threaten to derail UK economic growth, EY warns April 28, 2025 UK economic growth could slow sharply over the next two years as US tariffs weigh heavy on spending and investment, and uncertainty washes over households and businesses, new forecasts show. Recovery from a period of stagnant growth will be directly hampered by US President Donald Trump’s plans, EY Item Club said in a new report. [...]
UK dividends slump in 2025 after cuts from Vodafone and Burberry April 28, 2025 UK dividends totalled just £14bn in the first quarter of 2024, a 4.6 per cent decline from last year, thanks to major cuts from key companies like Vodafone and Burberry. While regular dividends only fell by 0.2 per cent, a 3.3 percentage point drop in special dividends dragged down the figure, data from Computershare revealed. [...]