Luxury faces a reckoning: What do Gucci, Burberry and LVMH need to do to survive? July 23, 2024 The post-pandemic luxury market was unstoppable. Record profits driven by China’s reopening and the revenge-on-lockdown ‘urge to splurge’ sent profits at all the major luxury brands to unbelievable highs. Briefly, it looked as though the upswing was going to stick, with pundits – and papers – asking if it would ever end. Now, results season [...]
Vue cinemas get box office boost as AI takes over its film scheduling July 22, 2024 Cinema chain Vue has said using artificial intelligence (AI) to create "algorithm-driven film schedules" has helped to boost its admission numbers and profit.
Easyjet to report as summer travel booms July 21, 2024 Easyjet swung back to profit last year on booming travel demand. But investors in the budget airline have reacted tepidly in 2024.
A short history of leasehold, and why it’s taken so long to end the ‘feudal’ system July 20, 2024 In the King’s Speech, the Government finally outlined plans to phase the “feudal” system out of England and Wales. Here's why it took so long
‘Critical growth hub’: Hedge funds drive demand for office space in London July 19, 2024 Over $13.1 trillion (£10.4 trillion) in assets are managed in London, and the capital has remained the world's second-largest centre for hedge funds and private equity firms globally after New York.
Qinetiq: ‘Good’ start to year helps defence firm to play catch-up on rivals July 18, 2024 A landmark deal with NATO and the ongoing success of long-term agreements in the UK and Australia have helped defence firm Qinetiq to welcome a "good" start to the year.
The Notebook: Sheerluxe’s ‘AI fashion editor’ shows perils of trying to be cutting edge July 18, 2024 Sheerluxe's decision to hire an 'AI-enhanced fashion editor' shows the perils of trying to be cutting edge, writes Anna Moloney.
Meet the Vegas busboy-turned-CEO keeping SUSHISAMBA above the competition July 18, 2024 Sushi Samba is set for more success, the man behind the City's favourite sunset spot tells City A.M.
Starmer to pledge fresh focus on border security as part of reset with Europe July 18, 2024 Sir Keir Starmer will pledge to reset the UK's relationship with Europe, vowing to put a fresh emphasis on border security at the heart of ties with the continent.
Britain’s EU summit is Starmer’s chance to prove he champions the City July 18, 2024 Britain's EU summit is a welcome step, but the City and its industries must be at the forefront, writes Michael Cole-Fontayn.