Guinness sales in focus as Diageo updates market after boss’s exit August 3, 2025 Investors in Diageo will be hoping the continued boom in demand for Guinness will help put the drinks giant back on track following the departure of its boss, and challenging conditions. The FTSE 100 firm, which also makes Johnnie Walker whisky and Gordon’s gin, is among the index’s weaker performers this year, with its share [...]
Gusto: Restaurants to close and almost 200 jobs lost as rescue agreed July 29, 2025 Almost 200 jobs have been lost at Italian restaurant chain Gusto after a deal to buy it out of administration was agreed. Cherry Equity Partners is to acquire the majority of Gusto in a move which will lead to around 190 redundancies and the closure of six restaurants. The deal, which is being undertaken through [...]
Labour to introduce new licensing rules to boost high street venues July 26, 2025 The Labour government has pledged to simplify the opening process for new high street venues in a bid to ramp up British hospitality prospects. Chancellor Rachel Reeves has said new licensing framework, which comes as part of Labour’s overhaul on planning, plans to fast-track permissions for al fresco dining, helping to “protect pavement pints”. The [...]
Arsenal, Chelsea and Liverpool to lift ban on drinking alcohol in stands July 24, 2025 Football fans will be able to drink alcohol in the stands during Women’s Super League games at Arsenal, Chelsea, Liverpool, Manchester City and Manchester United next season. They are among 14 clubs from the top two divisions of English women’s football who have signed up to the second phase of a trial, following a successful [...]
EXCLUSIVE: The Ned to launch members’ club in the countryside amid aggressive growth plans that echo Soho House July 24, 2025 City icon The Ned is set to open a “rural” estate in the UK as part of an aggressive expansion plan, with a first outpost in mainland Europe also in the pipeline. Group managing director Gareth Banner told City PM the company has three additional “very serious offers with either real estate owners or potential [...]
Tourists help boost luxury London hotels despite widening losses July 23, 2025 Losses have widened at a luxury London hotels group despite international tourism helping to boost its sales to a new record. Firmdale Hotels, which was founded by Tim and Kit Kemp, has fallen to a pre-tax loss of £30.4m for its year to 31 January, 2025, new accounts filed with Companies House show. The total [...]
JD Wetherspoons: Sales overtake pre-pandemic levels July 23, 2025 Sales at JD Wetherspoon have overtaken pre-pandemic levels for the first time after a sluggish five years for the hospitality industry. Revenues at its 794 pubs have grown 5.1 per cent in the year to date, the company told markets this morning, putting growth at the chain above the industry average. “Sales volumes, which were [...]
British and Irish Lions tour boosts Aussie booze sales by a third July 22, 2025 Major Australian cities have seen a 30 per cent uplift in alcohol sales as a result of the British and Irish Lions tour, City PM can reveal. The touring side began the three-Test series with a win over Australia on Saturday having been in the country, playing provincial sides, for the previous three weeks. Thousands of fans [...]
London hotel rates quintuple amid supersonic Oasis demand July 22, 2025 London hotel rates have soared as Oasis fans pour into the capital for a string of shows at Wembley. The average cost of room rates in Wembley jumped to £560 for Friday, 25 July, compared to £114.83 for the following week, according to consulting firm RSM UK. “The impact of this iconic band reforming brings [...]
