Nespresso challenges Pret and Starbucks opening cafe near Liverpool Street station March 21, 2024 Nespresso will open its first ever cafe near Liverpool Street station, joining the likes of Pret A Manger, Starbucks and Costa to help caffeinate customers on the go.
Gucci, Prada, and Burberry are no longer in Vogue as ‘richcession’ bruises luxury sales March 20, 2024 A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.
Will the US government’s ballooning fiscal deficit put the Federal Reserve’s independence at risk? March 20, 2024 Fiscal dominance is when the decisions of an independent central bank are driven by how it might impact governments rather than inflation.
Bank of England embarks on ‘Kardashian-style spending spree’ as IT budget hits almost £100m March 20, 2024 704 IT staff shared a salary pot of £48.9m, making the average salary in the tech team a whopping £69,000-a-year.
Change Makers: “Let’s make it last a hundred years” March 20, 2024 The Change Makers podcast hosted by Michael Hayman tells the stories of the entrepreneurs, politicos, and leaders changing the world around us. In the second of a series, Michael writes for City A.M. on the people he meets along the way.
‘Anxiety drug’ pregabalin addiction surge sparks pleas for mental health support March 19, 2024 Pregabalin, sold under the brand names Lyrica, Alzain and Axalid, has been linked to nearly 3,400 deaths in Britain in the last five years.
Cider maker Thatchers toasts success despite ‘unprecedented economic challenges’ March 19, 2024 Sales at historic cider maker Thatchers increased despite the company facing "unprecedented economic challenges" during its latest financial year.
The BTOM line? New Brexit import rules will hammer hospitality March 18, 2024 Border checks on fresh produce arriving from the EU will limit choice and push up prices for consumers, says Andrea Rasca The hospitality sector finds itself at a fork in the road. While the UK seemingly encourages free trade and a dynamic hospitality sector, incoming changes to how the country imports food from the EU [...]
Brew by Numbers, Black Sheep and Brick Brewery, spike in brewery collapses shakes sector March 18, 2024 According to data by accounting firm Mazars, last year (ending December 31), 69 UK breweries went insolvent, up from 38 a record for 2022.
UK credit card debt jumps as household finances squeezed in warning sign for the economy March 18, 2024 Outstanding debt on UK credit cards jumped nearly 10 per cent last year, according to new data, as households turned to borrowing amid inflationary pressures and the cost-of-living crisis.