Hospitality braces for £100m in lost sales ahead of biggest day of strikes in over a decade January 30, 2023 Retail and hospitality figures have described strike action set to take place on Wednesday as “damaging” to the sector and “entirely avoidable”. Kate Nicholls, chief executive of UKHospitality told City A.M. she estimates union strikes this week will set the sector back a further £100m in lost sales, with “much of that impact being felt [...]
London SMEs committing over half of annual revenue to tech investment, data reveals August 22, 2023 London’s small and medium-sized enterprises (SMEs) are ramping up their tech budgets, allocating over half of their annual revenue to technology investments, according to a report by Barclays. In the capital, SMEs are directing an average of 54 per cent of their annual revenue to technology investments, such as data analytics and artificial intelligence tools, [...]
Printworks: London nightlife venue to become offices as new plans revealed April 28, 2023 The Printworks London nightlife and culture venue in Canada Water is to become a net-zero office space, new architectural plans have revealed. British Land, the commercial property owners behind Printworks, have unveiled an ambitious repurposing project for the land, which was formerly a printing press, and is the last major unconverted industrial building in central [...]
Etoro chief: UK should do more if it wants us to float in London August 29, 2024 Etoro is weighing up whether to list in London or New York, but is hoping the UK government will do more to empower capital markets.
FTSE 100: London markets rise after inflation comes in unexpectedly steady February 14, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
London Underground workers vote to strike in dispute over pay December 20, 2023 London Underground workers have voted for more strike action in a dispute over pay, a trade union has confirmed today.
Harrods passes £1bn mark as Qatari owners get £180m pay day despite falling profit September 2, 2024 Sales jumped to £1bn at the company behind luxury department store Harrods during its latest financial year, but profit was slashed over the same period, it has been revealed. The London icon posted a turnover 8.2 per cent higher for the year to 3 February, 2024, according to newly-filed accounts with Companies House, compared to [...]
HSBC mulls sale of South African businesses in pivot to Asia August 20, 2024 HSBC is reportedly considering selling its South African businesses as part of its pivot towards Asian markets.
Will it come quickly? Deliveroo ties up Ann Summers for Valentine’s Day deliveries February 1, 2024 Deliveroo says it will come quickly this Valentine's Day so customers don’t.
N Brown: Simply Be and JD Williams owner puts jobs at risk March 15, 2024 N Brown, the company behind the Simply Be, Jacamo and JD Williams brands, has put jobs at risk of redundancy.