Publisher Bloomsbury enjoys record year as books offer lockdown escapism June 2, 2021 Publishing house Bloomsbury has posted record results for the year as Brits reached for the escapism of reading during a series of lockdowns. “The popularity of reading has been a ray of sunshine in an otherwise very dark year. In an outstanding year for Bloomsbury, we delivered record results,” chief executive, Nigel Newton, said in a [...]
Exclusive: Kimberly-Clark’s EMEA president on Kleenex demand exploding overnight June 2, 2021 Since Covid took over our lives, the demand for personal care and hygiene products has gone through the roof, changing consumer behaviour and buying patterns forever. To discuss how this has impacted one of the biggest players in the industry, City A.M. sits down with the EMEA president of Kimberly-Clark, the owner of brands like [...]
British Council appoints Oliver Wyman boss as new chief executive June 2, 2021 The British Council has today announced the appointment of Oliver Wyman boss Scott McDonald as its new chief executive. McDonald, who will take charge on 1 September, succeeds interim CEO Kate-Ewart Biggs who will move into the role of deputy chief executive. “It is a huge privilege to be joining the British Council at this [...]
City investors dump hospitality stocks despite pubs welcoming customers back indoors May 17, 2021 England’s pubs welcomed customers back inside for the first time in months today, but investors in the City of London were less taken by the sector’s future. Worries about a possible spread of the Indian variant of Covid-19 made shareholders sell their pub stocks. Wetherspoon, Marston’s, City Pub Group and Fuller, Smith & Turner were [...]
‘Freedom day’: Pub bosses wipe down the bar for a 21 June return May 5, 2021 The UK’s pub bosses are wiping the bar down for a June return, coined “freedom day”, urging prime minister Boris Johnson to stick to his roadmap for the easing of restrictions. JD Wetherspoon, Greene King, Slug & Lettuce owner Stonegate and Young’s have all expressed their intentions for a 21 June return of bar service, [...]
Hospitality firms urge Boris Johnson to stick to reopening roadmap April 18, 2021 Some of the UK’s biggest hospitality companies have urged Prime Minister Boris Johnson to “stick” to the current plan for easing lockdown restrictions. In an open letter the pub and restaurant bosses said two-thirds of venues were unable to open outdoors from 12 April and “none is breaking even”. They called on the prime minister [...]
Shakespeare: Spoons set to enjoy post-lockdown rush April 7, 2021 Tim Martin, the founder and chairman of the pub chain JD Wetherspoon, has outlined the company’s plans to invest £145 million in expanding and upgrading its pub estate. Over the next 12 to 18 months the 75 planned projects would establish 18 new pubs, upgrade and extend 57 of its existing pubs, and create 2,000 [...]
Wall Street dips on tech sell-off after FTSE 100 closes higher March 30, 2021 Wall Street closed in the red today following a sell-off of tech stocks as US Treasury yields hit a 15-month high. The S&P 500 and Dow Jones both dropped 0.3 per cent, while the Nasdaq slipped 0.1 per cent. It came after the FTSE 100 pushed higher following a volatile start to the week as [...]
Ex-Greene King boss buys 42 pubs including London venues from Stonegate March 30, 2021 Redcat Pub Company, the firm led by former Greene King boss Rooney Anand, has bought 42 venues from Stonegate. The company announced today that 50 per cent of the managed pubs are in prime London areas, in a vote of confidence in the capital’s recovery from the coronavirus pandemic. It said the estate consists of [...]
Biotech firm Oxford Nanopore plots London listing March 30, 2021 The Oxfordshire-based scale-up helping to track coronavirus mutations has announced plans to list in London later this year. Oxford Nanopore, which specialises in DNA sequencing technology, today said it had started preparing for a London float but disclosed no further details. “Oxford Nanopore Technologies Limited has today informed its shareholders that it has started the [...]