King Charles will not appear on Australian banknote as Queen Elizabeth II’s portrait is replaced February 2, 2023 Queen Elizabeth II will no longer appear on the Australian $5 banknote and King Charles III will not replace her, the Reserve Bank of Australia (RBA) said on Thursday. Her Majesty’s portrait will be swapped for an updated design which “honours the culture and history of the First Australians”, according to a statement from the [...]
Biscuit lovers help lift Fortnum & Mason’s back from the brink January 16, 2023 Fortnum & Mason has returned to profitability following two successive years of losses. The historic British department store and grocer reported an operating profit of £6.1m on sales of £187m when its year ended on 10 July 2022. This marks a dramatic turnaround from the £2.7m loss the luxury food store posted in its previous [...]
2023 sport schedule: What is there to look forward to? January 1, 2023 The year has hardly begun but the sport is coming thick and fast. Rugby, football and cricket all have World Cups while other sports continue to build on the foundations laid after the Covid-19 pandemic. Take a look at the City A.M. sports schedule for 2023. January Darts (3rd): A new Darts World Championships winner [...]
King Charles’ Christmas message breaks TV viewing records December 26, 2022 King Charles’ first ever Christmas message has broken TV viewing records, becoming the most watched Christmas speech by a monarch since official records began two decades ago. The King’s speech was also the most popular Christmas TV programme on Christmas Day, with a combined audience of over 10 million viewers. It was almost double as [...]
Retailers bet on coronation boost after extra May bank holiday announced November 6, 2022 Retailers are hoping for a royally big boost next year after the government announces an extra bank holiday for King Charles III’s coronation. In an announcement today, Prime Minister Rishi Sunak confirmed the UK-wide holiday would fall on Monday 8 May, following the Coronation on Saturday 6 May. “The Coronation of a new monarch is [...]
VAT free shopping U-turn ‘major blow’ for West End as tourists shun London for Paris and Milan October 17, 2022 Scrapping VAT free shopping for tourists is a “major blow” for London and the country’s economy, a group representing luxury stores in the West End and other retail hotspots has said. Paul Barnes, chief executive of the Association of International Retail (AIR) – whose members range from Bicester Village to Heathrow Airport – told CityA.M. the [...]
Royal Mint releases new £5 and 50p coins with King Charles’ effigy September 30, 2022 Coins bearing the face of new monarch King Charles III have been unveiled by the Royal Mint. The official effigy of the sovereign appears on a commemorative £5 coin and 50p, marking the life of his mother, the late Queen Elizabeth II. The portrait adorning both coins was created by renowned British artist and sculptor [...]
Luxury retailers to push for tax cut acceleration ahead of coronation September 25, 2022 Luxury retailers in the West End are eager to elevate the shopping destination among its global rivals by appealing for tax changes to be accelerated. After the Chancellor suggested VAT-free shopping could boost the retail heartland from 2024 last week, the Association of International Retail said could be introduced in the next six months. The [...]
Queen Elizabeth II coins and stamps are about to be worth a fortune as NFTs September 22, 2022 Lars Seier Christensen, founder and chairman of Concordium, explains how the value of stamps could find a new playground with NFTs.
Queen’s historic state funeral: The world says goodbye to Elizabeth II September 19, 2022 The Queen was consulted on today’s order of service over many years. It was prepared by the dean of Westminster in conjunction with Lambeth Palace. The Queen’s funeral has drawn to a close with a lament played by The Sovereign’s piper and her coffin has been carried from Westminster Abbey to be placed on the State Gun Carriage. [...]