Yo! Sushi buys London-based Waitrose supplier Taiko April 23, 2018 Restaurant group YO! Sushi has continued its expansion drive with the acquisition of a London-based Waitrose supplier. Taiko Foods, which employs 220 people in West London, makes sushi for supermarkets including Waitrose. It follows YO!’s acquisition of 600-branch US and Canada restaurant chain Bento Sushi for £59m last year. Details of today’s deal were not [...]
Rosenblatt confirms it will be the fourth English law firm to go public April 23, 2018 City law firm Rosenblatt has confirmed that it plans to float in London next month, which will make it the fourth English law firm to go public. City A.M. exclusively revealed last month that the firm was considering a float and had appointed Cenkos Securities as a broker. Read more: Exclusive: City law firm Rosenblatt [...]
Thomas Cook says holiday bookings for Egypt and Turkey are finally on the up following recovery from terror attacks April 23, 2018 British holidaymakers are rediscovering their love for Egypt, with Thomas Cook recording an 89 per cent increase in bookings on last year. The travel operator’s holiday report for 2018 shows that Egypt is back on the map of UK tourist destinations, despite the fact that the popular Sharm el Sheikh resort effectively remains closed to [...]
Markets are expecting 84% UK interest rate rise in May, BofE Governor Mark Carney threw spanner in the works suggesting they won’t rise after all April 23, 2018 The Bank of England’s long-running “will they, won’t they” saga took an interesting and somewhat unexpected turn last week. With markets pencilling in an 84 per cent likelihood of a UK interest rate hike in May, the Bank’s Governor Mark Carney decided to throw a spanner in the works by suggesting that rates may not [...]
In the modern world of marketing, lost tools are being reinvented for the digital age April 23, 2018 THE SCANDALS surrounding Cambridge Analytica and Facebook have brought the issue of data privacy into focus for politicians and the public alike. But there is another group that is becoming increasingly concerned: the advertising industry. Advertising has experienced seismic change as a result of digital media and the use of personal data, according to tech [...]
How is the PR industry adapting to the march of artificial intelligence? April 23, 2018 With the House of Lords having reported in the opportunities and threats posed by artificial intelligence (AI), I have asked what my sector – the PR industry – is doing in anticipation of AI’s rise. Are the machines really coming for our jobs or will AI free us up from our time-consuming tasks so we [...]
Consumer confidence improved at the end of last year but spending is still cautious April 23, 2018 Consumer confidence ticked up at the beginning of 2018, but non-essential spending was flat. The agreement of a Brexit transition deal boosted overall confidence during the first three months of the year, according to Deloitte. But spending was still heavily weighted towards utilities bills, transport and food and drink. Discretionary spending meanwhile was flat compared [...]
Whether it’s De La Rue or the GKN takeover, the government should be combatting protectionist sentiment in all its forms April 23, 2018 Donald Trump’s protective tariff threat in the US, and the trade war it presages has been condemned by almost all commentators on both the political left and right. However, the same ideas that animate protectionism in the form of tariff barriers also animate behind the border regulatory protectionism. When nationalism and protectionism meet, the result [...]
Duracell distributor targets alternative investment market float April 23, 2018 A leading manufacturer and supplier of batteries, lighting, and vaping products will make its stock market debut next month. Supreme, which counts retailers Asda and Iceland among its customers, announced plans today to join London’s junior market in May as it targets raising £10m for a new stage of growth. The company’s revenues hit £70.7m [...]
Meet the crusader who is trying to convince the world that cryptocurrency is necessary April 23, 2018 Charles Hoskinson is a peculiar protagonist for a revolution. The American does not look much upon introductions. When one envisions a billionaire, an image not dissimilar to a sharp-suited Gordon Gekko of Wall Street ordinarily springs to mind. In Hoskinson’s case, he seems positively the opposite. Softly spoken and unshaven, he wanders to our interview [...]