One more for the road: Pub group mounts further expansion plans June 7, 2023 City Pub Group has snapped up a total of 52 per cent of shares in Mosaic Pub and Dining Group – taking its portfolio of up market pubs to 52 sites across London, Wales and the South of England. The pub group, which owns the popular Chelsea haunt The Phene, first bought stakes in the [...]
Pret hikes price of coffee subscription in wake of soaring inflation April 26, 2023 Pret-A-Manger has revealed that it is increasing the price of its subscription service by £5 in the wake of soaring inflation. The London-born coffee chain said that the price of its ‘Club Pret’ loyalty service is rising from £25 to £30, however, fans of the cafe will now also receive a 10 per cent discount [...]
European VC firm Redalpine opens London office after £151m fundraise August 27, 2024 European venture capital firm Redalpine has raised $200m (£151.3m) for its largest ever fund, Redalpine capital VII, and opened a new office in London. Founded in Switzerland in 2006, the company has been the backer of companies like Klarna, tax filing software Taxfix and German neobank N26. Redalpine has also funded more than 10 UK-based [...]
Potatoes are off the table with higher gas bills March 24, 2022 Yesterday, after the Chancellor unveiled his spending review, food banks pushed back as grim figures from the Office for Budget Responsibility warned of the biggest fall in household’s disposable incomes since records began. Richard Walker, the Managing Director of Iceland, gave a stark warning. He told the BBC that some food bank users were declining [...]
GSK receives US breakthrough therapy designation for lung cancer treatment August 20, 2024 Pharmaceutical group GSK has been granted breakthrough therapy designation by the US Food and Drug Administration (FDA) for a key lung cancer treatment. The breakthrough therapy designation is designed to expedite the development and review of drugs with the potential to treat a serious condition. Only treatments that are shown to offer a substantial improvement [...]
US approves Astrazeneca lung cancer drug Imfinzi for treatment August 16, 2024 Astrazeneca’s lung cancer drug Imfinzi has been approved for treatment in the US to be used both before and after surgery, just days after the company’s market value hit £200bn for the first time. Imfinzi, which is meant to treat early-stage non-small cell lung cancer alongside chemotherapy, is administered before and after surgery. The approval [...]
Where to watch the Rugby World Cup final in London this weekend October 26, 2023 It is here, the finals weekend of the Rugby World Cup. Tomorrow England are in action ahead of Saturday’s final between South Africa and New Zealand. Here are City A.M.’s top London spots to take in the action. Nordic Bar, Fitzrova This new listing in the heart of London looks to be a great addition [...]
US inflation dips to three-year low August 14, 2024 US inflation reached its lowest since March 2021 in July, coming in at just 2.9 per cent and further strengthening the case for an interest rate cut from the Federal Reserve. Analysts had expected US inflation in July to come in at three per cent, unchanged from where it had fallen to in June. While [...]
Burning Man festival chaos as 73,000 festivalgoers stranded September 4, 2023 Tens of thousands of festivalgoers have been stranded at Burning Man festival deep in the Nevada desert after weather conditions worsened on site. Heavy rains have been falling which has caused the entire site to become a mud bath, meaning toilets cannot be cleaned and it is incredibly difficult to get around the site or [...]
China breaks deflationary chains with February surge in consumer prices March 11, 2024 China saw its first instance of inflation in February after enduring four consecutive months of deflation.