EXCLUSIVE: Number of firms fined for deliberate corporation tax misinformation hits four-year high August 22, 2022 The number of businesses fined by HMRC for deliberately obscuring their corporation tax affairs has climbed to its highest level in four years, exclusive figures obtained by City A.M. reveal. The tax man last year penalised 62 firms for purposefully sending incorrect information to possibly slash the amount of corporation tax they pay, up 35 [...]
Absolut vodka maker sees operating profits rebound and Q4 sales rocket September 1, 2021 French spirits producer Pernod Ricard, which makes Absolut vodka, has seen its operating profits rebound over the past year due to easing Covid-19 restrictions across China and the US. Operating profit just surpassed the company’s expectation of 17 per cent growth, recording an 18.3 per cent organic rise for the full year. The spirits producer, [...]
Tim Martin: Wetherspoon boss on Brexit, retirement and why Gen Z are ‘closet drinkers’ September 13, 2023 Eccentric, outgoing and a business success story: we pull up a barstool and chat with Wetherspoon's Tim Martin
UK railways prepare for 2m passenger slump as budget cuts loom October 13, 2021 UK railways are preparing for a 2 million passenger fall as, post-Covid commuting patterns have changed, prompting rail companies to start swinging the axe on jobs. Forecasts prepared by the railway industry’s Covid forecasting group for Network Rail highlighted that, in the worst case scenario, numbers will only go up to 60 per cent of [...]
How the seven Conservative Chancellors since 2010 will be remembered July 2, 2024 City A.M.’s guide to each of the seven Tory chancellors since 2010 and how their policies will be remembered by political history.
Severfield revels in record order book amid rebound in projects April 20, 2022 Severfield has posted a record order book in the UK and Europe for the second half of the year, totalling £479m.
Editorial: From fireworks to business rates, it’s time to move forward October 15, 2021 On the face of it, whether or not a fabulous yellow roman candle explodes like a spider across the stars for London’s New Year’s Eve celebrations is not the world’s most pressing issue. But in its own luminous way, the decision by the Mayor to cancel the capital’s midnight show for the second time in [...]
FTSE finance chiefs brace for recession July 20, 2022 Britain’s top finance chiefs are bracing for a recession driven by inflation crimping consumers and thinning businesses’ margins, a new survey published today reveals. Chief financial officers (CFO) at the UK’s largest listed companies think there is a 63 per cent chance of the economy swinging into reverse over the next 12 months, according to [...]
Virgin Wines lowers guidance following Omicron and supply chain issues February 3, 2022 Online wine retailer Virgin Wines was forced today to lower its profit and revenue for the year ending June 2022 following disruption caused by Omicron and supply chain issues. “Like many businesses, we experienced several operational challenges in the Period due to well-publicised, external, macroeconomic factors including labour market shortages caused by the emergence of [...]
Exclusive: As workplace confidence in bosses tumbles, external consultants thrive July 29, 2021 In a time of tremendous ambiguity, the Covid-19 pandemic has forced business leaders to act urgently in moments of crisis as they have to make decisions in a heartbeat since circumstances and regulation keep on changing. Yet, with new data from the London Business School estimating that Covid-19 has left around 16m jobs in a precarious position, it is far from certain that business [...]