London: The 10 stunning projects held up by the planning system June 20, 2024 All this week, City A.M. has been making the case that London’s future prosperity depends on new buildings. But what about the future that might have been? From rock stars objecting to affordable housing to jumping spiders blocking rollercoasters, vested interests are too often allowed to get in the way of potentially transformative new developments. [...]
King’s coronation steers UK economy back into red as GDP shrinks 0.1 per cent in May July 13, 2023 Lost work owing to the additional bank holiday to celebrate the King’s coronation has sent UK economic growth into reverse, official figures out today reveal. UK gross domestic product (GDP) contracted 0.1 per cent in May, a much smaller drop than the City expected and down from a 0.2 per cent expansion in April, according [...]
Franco Manca’s Fulham Shore eyes expansion despite sliding revenue August 17, 2021 Hospitality group Fulham Shore, which owns Franco Manca, has seen its annual revenue nearly sliced in half due to the restrictions on restaurants for most of the year. The group pulled in £40.3m in revenue in the year to 28 March, after it had plunged 41.3 per cent from the £68.6m it raked in last [...]
Uber Eats adds pub grub to app including Toby Carvery and Miller & Carter November 11, 2021 Uber Eats has added pub giant Mitchells & Butlers to its app offering The partnership means 1,000 bars, restaurants and pubs – including Miller & Carter and Toby Carvery – will join the app by the end of the year. What’s more, to celebrate the addition, Uber Eats is offering free delivery on pub dishes from [...]
French champagne houses sparkle as 2021 sees record sales January 20, 2022 French champagne houses have toasted to record sales worth £4.6bn after demand climbed last year. According to preliminary estimates from the Comité Champagne trade association, sales hit $5.5bn, even though the hospitality sector continued to face lockdown restrictions last year. Some 322m champagne bottles were sold last year, an increase of 32 per cent on [...]
The City View podcast: Today’s evening digest of all the news from the Square Mile November 16, 2021 City A.M.’s daily podcast is back, with all the news and views from the Square Mile as you head on your commute home – or from the kitchen table to the sofa, if you haven’t quite made it back. Today’s there’s news from Vodafone, the Restaurant Group, Netflix and new job figures, and we hear [...]
Why Aruba lives up to its nickname of ‘One Happy Island’ October 3, 2023 There are many places across the world where Brits aren’t truly welcome. Sure, our incessant politeness and love of queuing endears us to strangers, but we also like to drink, and we speak loudly and exclusively in our mother tongue. Amsterdam recently launched a “stay away” campaign specifically targeted at young British tourists in an [...]
Wagamama owner The Restaurant Group reports mediocre interim results September 15, 2021 The Restaurant Group has reported lacklustre results for the first half of the year with a statutory loss before tax of £58.8m. Total sales stood at £216.8m, a 4.5 per cent drop compared to the same period in 2020. The company made a modest recovery when it came to EBITDA which jumped from a loss [...]
British Land unveils £3.6bn green neighbourhood project for Canada Water May 25, 2022 British Land, one of the UK’s largest property developers, has today unveiled a £3.6bn plan to build a 53-acre town centre in Canada Water alongside Aussie pensions giant AustralianSuper. The regeneration project will include up to 3,000 new homes, as well as more office space – which expected to host 20,000 workers amid London’s post-pandemic [...]
Inside the past, present and future of stadium design with Populous April 24, 2024 One of the cherished memories for any sports fan is that intake of breath from sheer disbelief when you first climb the concrete steps from the bowels of a stadium to glimpse the scale of the arena which a team you’re about to both fall in love with and despise for a lifetime calls home. [...]