Jamie Oliver ‘cutting jobs’ ahead of restaurant chain’s return December 12, 2025 A part of Jamie Oliver’s business empire has cut a firth of its workforce, according to reports, as the celebrity chef plans a return to the high street next year. Jamie Oliver Group has shed 25 of its 126 employees through a redundancy round, Sky News has reported. City AM has contacted the group for [...]
Perma-Pipe International Holdings, Inc. Announces Third Quarter 2025 Financial Results December 12, 2025 Net sales of $61.1 million for the quarter and $155.8 million year-to-date. Income before income taxes of $10.9 million for the quarter and $21.1 million year-to-date. Diluted earnings per share of $0.77 for the quarter and $1.49 year-to-date. Backlog of $148.9 million at October 31, 2025, up from $138.1 million at January 31, 2025.
Gatwick blames mega hike in drop-off fee on business rates spike December 12, 2025 Gatwick is set to increase its drop-off fee from £7 to £10, setting the blame squarely on a coming hike in business rates. The new price, which will see Gatwick become the UK’s most expensive airport to drop off passengers, will be implemented from January 6. A spokesperson for the airport said the fee increase [...]
‘Time to worry about recession’ – Bank faces pressure to cut rates as economy shrinks December 12, 2025 The Bank of England is coming under mounting pressure to give a shot in the arm to the ailing UK economy after fresh data revealed it suffered another contraction in October. The central bank’s Monetary Policy Committee (MPC) will meet next Thursday where economists are pencilling a 25 basis point reduction to interest rates taking [...]
Sumer Group, champions of SMEs, leading the way towards economic growth December 12, 2025 They tackled Brexit head-on, survived Covid, coped with the impact of the war in Ukraine and battled rising costs. The latest growth forecast from the Office for Budget Responsibility presents a further challenge with the OBR reducing their expectations for productivity growth by 0.3ppts to 1 per cent. In times of uncertainty these businesses have [...]
FTSE 100 Live: Blow for Reeves as economy shrank ahead of Budget December 12, 2025 Good morning and welcome back to the City AM liveblog. Today fresh economic data has given another crucial assessment of the Chancellor’s growth agenda. The UK economy shrank 0.1 per cent in October as businesses paused investments amid consistent rumours around upcoming tax hikes in Rachel Reeves’ second Autumn Budget. A Bloomberg poll of City economists had predicted the Office [...]
Public spending fuelled growth spurt ‘no cause for celebration’ December 12, 2025 Labour’s “spend now, tax later” approach to fiscal policy will drive higher growth than previously expected, an industry group has said, but will leave UK public finances in a “vulnerable” position. The Confederation of British Industry (CBI) upgraded its growth forecast for next year from 1 per cent to 1.3 per cent, with an extra [...]
‘Petrified’ publicans call on government for urgent support December 12, 2025 Pub chiefs have used an emergency meeting to call on the government to provide urgent tax relief in order to stave off closures and job losses. The British Beer and Pub Association (BBPA) has urged Labour to introduce 30 per cent business rates relief for pubs to help protect the future of the beleaguered sector. [...]
2025: It’s been one hell of a year for UK business December 11, 2025 From political drama to market volatility, cyber attacks, takeovers and trade wars – 2025 has not been plain sailing. January: motor finance and angry farmers We began the year reporting on the exodus from the London stock exchange noting that 2024 had been the quietest year on record for new listings and we suggested that [...]
Big banks SME lending comeback slowed down by Budget jitters December 11, 2025 High street banks’ return to small business lending slowed in the third quarter of 2025 after the chaos on the road to the Autumn Budget dampened activity in the economy. Big banks dished out nearly £4.2bn in total loans to small and medium-sized enterprises (SMEs) in the three months to 30 September – a level [...]