Gary Neville’s content company Buzz16 gets ‘multi-million pound investment’ as it looks at £200m IPO February 27, 2023 Miroma Group has acquired a majority stake in Gary Neville’s content company Buzz16, which is now planning a £200m plus IPO. Buzz16 was launched by the former footballer and current Sky Sports presenter in 2016. The exact amount Miroma paid for its share has not been disclosed but it said the “multi-million pound investment”, “solidifies” [...]
Begbies Traynor boosted by collapse of Paperchase and host of insolvencies February 27, 2023 Restructuring specialist Begbies Traynor Group says its finances have been boosted by the collapse of Paperchase earlier this year. Begbies Traynor was appointed as administrator after the struggling stationery chain failed to secure any buyers. The retailer’s 106 branches could face closure after Tesco agreed to buy the brand but not its stores or workforce. [...]
Sunak must face down the vocal ‘hard Brexit’ minority within his own party February 27, 2023 The terms of our Brexit deal are too important to become mired in the internal politics of a divided Conservative party “We have to stop thinking if there is a deal that is about to be done, it means we’ve been done over in some way.” So said the rational Eurosceptic George Eustice over the [...]
Brexit breakthrough? Sunak meets EU’s von der Leyen for ‘final talks’ as Rees-Mogg threatens revolt February 27, 2023 Rishi Sunak and Ursula von der Leyen are set to sign off on a new post-Brexit deal for Northern Ireland as Conservative Eurosceptics warn the “devil is in the detail”. The Prime Minister and the European Commission President will hold “final talks” in Windsor, Berkshire, on Monday in what is expected to produce a breakthrough. [...]
Primark owner Associated British Foods ‘dodging most economic bullets’ as outlook improves February 27, 2023 Primark owner Associated British Foods has upped its outlook for the full year after reporting a jump in sales at the budget fashion chain as consumer spending held up better than expected. The group said sales at the retailer, which has 419 stores, are set to rise by 16 per cent at actual exchange rates [...]
Nissan accelerates shift to electric vehicles in Europe to meet strict emission regulations February 27, 2023 Nissan is speeding up its shift toward electric vehicles (EVs), especially in Europe where emissions regulations are most stringent, the company said. The Japanese carmaker said in a statement that it will make practically all its offerings in Europe electric or series-hybrids by fiscal 2026, at 98 per cent. That is up from the previous [...]
Bunzl snaps up German and Canadian firms as profits jump to £634m February 27, 2023 Outsourcing specialist Bunzl revealed it had snapped up two businesses in Germany and Canada today as it reported a jump in pre-tax profits for the full year. The London-listed firm said this morning it had acquired acquire Arbeitsschutz-Express, a German online workwear and PPE seller in Germany, as well as Capital Paper, a distributor of [...]
Battery start-up Britishvolt bought by Aussie firm Recharge February 27, 2023 Britishvolt, the company which failed to build a battery factory in the north-east of England, has been bought by Australian firm Recharge Industries, Recharge’s boss confirmed. The start-up was founded in 2019 but collapsed just three years later, laying off most of its 200 staff. The company had high ambitions of building a nearly £4 [...]
Meatless Farm wants to drive down prices to win cash-strapped customers February 27, 2023 Morten Toft Bech, the Dutch founder of plant-based company Meatless Farm, launched his company in an effort to save the planet. “Animal protein is unsustainable,” claims Bech, comparing it to driving an old car full of polluting fuel. The public has been made aware of this argument for years, with numerous documentaries warning about how [...]
Canada Water: Why British Land have gone into the residential market in southeast London February 27, 2023 Commercial property giant British Land is making its debut into the residential market with the launch of 186 ‘net-zero’ apartments at its new regeneration project at Canada Water. The FTSE 100 company will create 186 studio, one, two and three bedroom homes at new residential site, The Founding, Canada Water, with prices for homes starting [...]