City AM

By Jack Mendel Sainsbury’s is now importing its eggs from Italy due to a supply crisis sparked by the avian flu outbreak. The supermarket giant admitted it and other rivals are “experiencing some supply challenges with eggs”, after a report on Friday o…

By Nicholas Earl The UK risks no new investment in the North Sea oil and gas sector, if the Government toughens up the windfall tax at the fiscal event this week, warned investment analyst group Stifel. In his latest report on the oil and gas sector, m…

By Louis Goss An HMRC unit set up to tackle Covid fraud is set to leave £3.3bn outstanding when it winds down in March 2023, campaigners have warned. The Taxpayer Protection Taskforce, which was set up by Chancellor Rishi Sunak in March 2021, will be p…

By Leah Montebello The hot weather and cost living sliced into Cake Box’s trading success in the last six months, as the premium cake maker struggles to keep up with strong comparators. Although group revenues were up a humble 2.1 per cent to £16.8m, E…

By Ilaria Grasso Macola Businesses have called on Chancellor Jeremy Hunt to boost regional growth by investing in travel and tourism. Advocacy group BusinessLDN has called for the reintroduction of VAT-free shopping for international arrivals, as well …

By Stefan Boscia The City must help provide “financial resilience” to help the UK get through the incoming recession, according to the new Lord Mayor of London. Nicholas Lyons, who is the 694th holder of the post, wrote in City A.M. today that “financi…

By Matt Hardy England became the first men’s team to hold both the one-day Cricket World Cup and the ICC Twenty20 World Cup yesterday when they beat Pakistan by five weeks in front of 82,000 fans at the Melbourne Cricket Ground. It was the final that n…

By Ilaria Grasso Macola The owners of Clipper Ventures will step back from running day-to-day operations as they look to put the company up for sale. Founded in 1995, Clipper Ventures is the organisation behind the Clipper Round the World Yacht Race, o…

By Nicholas Earl North Sea oil and gas producers are pushing the Government to ensure investment relief is continued in line with any expansion of the windfall tax, warning that the industry is at risk of dwindling without a stable investment climate. …

By Darren Parkin Do you ever get the feeling that somebody or something is looking after you? That time you felt as if you had to ride back to London on your motorbike and the M40 was the safe option and something was telling you that you’d die if you …