Tortilla Mexican Grill’s revenues shoot up by 60 per cent after snapping up rival but inflation and industry pressures bite July 18, 2022 A Mexican food giant experienced a big spike in revenue following a key acquisition and expansion across the UK. Tortilla Mexican Grill’s group revenue was up 60 per cent in the first half of 2022 compared to 2019. This comes after the firm bought out Chilango for £2.75m, taking on its eight sites across the [...]
British Gas to donate 10 per cent of profits to help household energy bills August 25, 2022 British Gas will donate 10 per cent of its profits to help households grapple with soaring energy bills for the “duration of the energy crisis”. Parent company Centrica took home some £1.34bn in profits in the first six months of the year, representing a vast five-fold increase on earnings of £262m this time 12 months [...]
Why the man who brought New York living to London thinks the capital is set for success June 27, 2023 Property impressario Jon Hitchcox, the brains behind The Lakes by Yoo, remains optimistic about Lomdon's immediate future
Hospitality firms blast government migration plans for ‘shrinking talent pool’ December 5, 2023 The UK’s hospitality industry has warned that government plans to cut the levels of legal migration into the country will compound the existing labour shortage in the sector.
Jon Robinson’s UK column: Giving a national voice to companies beyond the M25 January 12, 2024 Read the first edition of Jon Robinson's UK column - outlining how City AM is shining a light on business success outside of the M25.
Pret A Manger invests £10m in staff pay bringing salaries above inflation October 11, 2022 Pret A Manger will invest £10m to support its staff with the cost of living crisis, bringing pay above inflation. The outlet will give its workers a salary boost from 1 December to the tune of five per cent. This comes after the coffee chain invested £9.2m in April this year, with 6,500 of its [...]
Letters: Prevention in our offices September 27, 2022 [Re: Hello, 999? Our ambulances are in desperate need of emergency surgery, 22 September] Therese Coffey’s ABCD plan for the health service will be viewed by many as a welcome step to address systemic issues faced by the NHS especially in improving ambulance delays and GP waits. With long term sickness levels at a record [...]
Open banking should expand ‘systematically’ as fintech criticises ‘data protectionism’ of big banks August 14, 2023 Regulators should expand open banking rules “systematically” in order to save customers thousands of pounds across a variety of different financial products, experts told City AM. With stakeholders consulting on the next stages of open banking, many in the sector have suggested regulators need to be bold in expanding data sharing rules into new financial [...]
Zalando forced to axe jobs as retailer admits it expanded ‘too much’ February 21, 2023 The German-based group, which sells a range of brands such as adidas and Nike, said it had expanded some parts of its company “too much”.
London Tube strikes CANCELLED following ‘positive discussions’ January 7, 2024 Tube strikes set to cause havoc for London's commuters and businesses this week have been cancelled. TfL warned, however, that there might still be some disruption tomorrow.