UK economic growth hit pre-pandemic levels in November January 14, 2022 The UK’s economy sped up growth in November, before the Omicron variant struck, pushing above pre-pandemic levels for the first time.
In memoriam: Two chancellors, Parky, Sir Bobby, business leaders and celebs we lost in 2023 December 26, 2023 As City A.M. looks ahead to the next 12 months, we reflect on those who have departed this year, and the impact they continue to have.
BP to pay lower taxes than before Covid pandemic despite massive profits August 8, 2022 BP will pay a lower rate of taxes this year than prior to the pandemic, revealed the company's chief financial officer Murray Auchinloss.
City A.M. Awards 2022: Entrepreneur of the Year March 21, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Michelin starred Pied à Terre in Fitzrovia stops lunch due to ‘Brexit and Covid’ June 21, 2021 In another sign of the post-Covid recruitment crisis, one of London’s oldest Michelin-starred restaurants has closed its lunch service until further notice. Fitzrovia’s Pied à Terre says Brexit and Covid have impacted recruitment so badly it is no longer able to open for the whole day. The restaurant said it could not “protect the welfare [...]
Who’s next? Retail boss Simon Wolfson urges Government to learn lessons of truck driver shortage September 29, 2021 Next boss Lord Wolfson has urged ministers to relax immigration rules to alleviate a crisis in “warehouses, restaurants, hotels, care homes and many seasonal industries.” The retail titan said that the current shortage of truck drivers was “foreseen, and widely predicted” and said Government needed to learn from its failure to act. The firm upgraded [...]
Hospitality hiring crisis drives up wages by 14 per cent as venues turn to temporary workers June 22, 2021 Hiring bottlenecks in the UK’s hospitality sector are prompting pubs and restaurants to turn to temporary staff to keep up with demand. It has also forced companies to increase wages by as much as 14 per cent, according to new research from Indeed Flex, an online marketplace for flexible workers. Analysis of pub, bar and [...]
UK to see ’employment boom’ as lockdown restrictions ease June 8, 2021 Employers plan a huge recruitment drive, fuelled by the easing of lockdown restrictions, according to a new report out this morning.
Insolvencies at ‘jaw dropping’ level as debt industry warns UK economy ‘is not out of the woods yet’ April 18, 2023 More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data that showed a 16 per cent increase on a year ago. The Insolvency Service reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency [...]
Exclusive: Nightclubs ‘may open doors’ on 21 June regardless of rules June 9, 2021 Some UK nightclubs are considering reopening their doors on 21 June even if the government pushes back the date for lifting lockdown restrictions. Michael Kill, chief executive of the Night Time Industries Association (NTIA), told City A.M. the sector was “getting to breaking point”, adding that a potential delay to reopening had sparked “panic and [...]