End of the road for London’s largest African restaurant as Camden Town favourite Shaka Zulu shuts down December 19, 2022 The management of one of London’s best-known restaurant, Shaka Zulu, confirmed to City A.M. this morning that the establishment will close in the next few weeks. After more than 12 years in businesses, building a loyal clientele comprising of Londoners, business diners and tourists, London’s largest South African restaurant said “it is with great sadness [...]
Investors set to be cheered by Bunzl’s climbing profits December 18, 2022 Specialist distribution group Bunzl is set to have waded through cost inflation and supply chain challenges and emerged with strong sales at the end of the year. The FTSE 100 company, which sells global businesses a wide range of products from coffee cups to cafes, food wrap to supermarkets, and cleaning materials to hospitals, will [...]
Liz Truss, Bill Hwang and Elon Musk: The 2022 awards you don’t want to win December 18, 2022 We started the year with Boris Johnson in Downing Street and optimism for a Covid-19 rebound. It didn’t quite turn out that way – and here’s our pick of the best of the best (or worst of the worst) of 2022… THE MUM OF THE YEAR AWARD This year hasn’t been smooth sailing for e-commerce retail [...]
Harbour Energy snubs North Sea licensing round after windfall tax hike December 16, 2022 Harbour Energy has announced it will not enter the UK's first exploration licensing round in nearly three years.
BT to merge global and business units into one firm with earning potential of £8.5bn December 16, 2022 BT is combining two of its units into a single business which will have a revenue of about £8.5bn a year. The telecoms giant will merge its Global and Enterprise wings into a one organisation called BT Business, focusing on B2B relations. BT Enterprise has a market share of 30 per cent, providing firms and [...]
Square Mile goes green: Landmarks including Tower Bridge to be powered from UK solar farm December 16, 2022 Square Mile landmarks including Tower Bridge, and the Barbican Centre will be powered with renewable energy from a Dorset farm, it has been revealed The initiative which also includes , Hampstead Heath, Guildhall, Smithfield Market and the Old Bailey, will harness solar power through a £40m deal signed in 2020. Energy provider Voltalia has sold its electricity produced [...]
Simpson’s saved? Historic City chophouse granted status as asset of value December 15, 2022 The City of London has decided to designate Simpson’s Tavern – the historic City bar and restaurant threatened with closure – as an asset of community value at a meeting this afternoon. The historic eatery was designated an Asset of Community Value by the City of London Corporation’s Policy and Resources Committee unanimously – taking [...]
Markets cooling down after yesterday’s highs December 15, 2022 The majority of the crypto market has followed Bitcoin into the red today after yesterday’s action. The Fear and Greed Index is showing a brief respite from extreme uncertainty, albeit still in Fear territory.
OEUK hires industry veteran David Whitehouse as new chief executive December 15, 2022 Industry body Offshore Energies UK (OEUK) has named industry veteran David Whitehouse as its new chief executive.
Avanti West Coast’s incompetence is giving business a bad name December 15, 2022 The reputation of business and market capitalism as a whole can be battered and bruised by just one badly-performing company - like Avanti.