Tortilla enjoys record revenue jump as it opens new site in Gatwick Airport April 11, 2022 Mexican restaurant chain Tortilla has secured a record revenue for the past 12-months, despite kicking off the year with Covid-19 closures. The retailer enjoyed a nearly 80 per cent jump in revenue to £48.1m in the year to 2 January, up from £35.4m prior to the pandemic. Tortilla, an on-the-go retailer, debuted on the London [...]
The show goes on: Olivier awards return in sign of West End comeback April 10, 2022 The West End’s biggest stars donned their gladrags to walk the ‘green carpet’ tonight at the 2022 Olivier’s following a three-year pandemic-forced gap. Cabaret was among the big winners of the day, with Rebecca Frecknall winning best director for the London Playhouse production and Eddie Redmayne taking best actor for his performance as The Emcee. [...]
Alarm bells ringing: British farmers warn out-of-control milk price rise may lead to dairy and cheese crisis April 9, 2022 Brits will soon face a cheese shortage as spiralling production costs hit producers, farmers are warning this weekend. A farming expert said many supermarkets are already experiencing dwindling supplies – and warned that things are going to get a lot worse. Dairy Farmer Steve Evans from Pembrokeshire told GB News cheese is already in short [...]
Sainsbury’s becomes first big grocer to pay London Living Wage amid cost of living crisis for Brits April 8, 2022 Sainsbury’s has confirmed that it will become the first major supermarket to pay the London Living Wage. Shop workers at Sainsbury’s and Argos stores in outer London will receive £11.05 per hour, a boost of 55p, from next month. The supermarket said this means staff in the outer areas of the capital will match employees [...]
Workers to stage walkouts over ‘dismal’ pay offers April 8, 2022 Thousands of UK workers are set to stage walkouts over the next few days over below-inflation pay offers. The Communication Workers Union (CWU) yesterday rejected BT’s 5 per cent pay rise – the highest in more than 20 years – calling it a “nothing short of an insult,” the Times first reported. “We have no [...]
Lucky strike: Hollywood Bowl hails record revenue as pent-up demand pays off April 8, 2022 The UK’s largest ten-pin bowling operator has hailed record first half revenues this year, as pent-up demand pays off. Hollywood Bowl raked in £91.3m in the six months to 31 March, up nearly 660 per cent in comparison with the £12m it pulled in the same period last year. Four of the top five months [...]
Exclusive: Huge rates hike for logistics warehouses as Amazon bill to rise more than £1m April 8, 2022 Occupiers of logistic warehouses are braced for a dramatic rates hike, data shared exclusively with CityA.M. has revealed. With e-commerce firms desperate to grab space, rents in the industrial and logistics sector have shot up. Rental growth means will see average increases of 18.7 per cent across the board on business rates payable from April [...]
Retailers enjoy spring boost after first full month without Covid restrictions April 8, 2022 Good weather and an eagerness to refresh wardrobes for spring has fuelled boosted retail footfall and sales, data revealed today. The first full month without Covid restrictions in England and Northern Ireland saw consumers “able to shop with a greater sense of normality, spurred on by some spring sunshine,” the British Retail Consortium (BRC)’s chief [...]
Levi’s chief: Globalisation is dead and supply chains should look closer to home April 7, 2022 Levi’s boss has said companies should look to produce goods closer to their target market. Chip Bergh, the president and CEO of Levi Strauss, has said a trend of chasing the “lowest-cost manufacturing base around the world” is coming to an end. “The name of the game today is supply chain resilience and agility,” Bergh [...]
McColl’s: Convenience store chain has no clue why share price up 60 per cent April 7, 2022 McColl’s share price surged 61 per cent on Thursday, with the convenience store operator saying it has no idea why. In an update on the London Stock Exchange, McColl’s said it “notes the recent rise in the company’s share price and confirms that it does not know of any reason for this price movement.” The [...]
