City-based frozen yoghurt chain Sloane Brothers rolls out tasty plan to go global next year January 15, 2017 City-based frozen yoghurt startup Sloane Brothers will roll out to new stores across the UK early this year and is gearing up to go global in 2018. The group, which launched with a store on Brick Lane in June 2015, will open “a number of new locations” this year and is preparing to respond to requests [...]
Stock Spirits row continues as investor slams “disdainful” treatment of shareholders January 15, 2017 Stock Spirits, a London-listed producer of Polish vodka, has been criticised by a prominent shareholder for the board’s “disdainful” treatment of investors. Luis Amaral, who owns a 9.7 per cent stake in the company, said there had been a lack of transparency in dealings with shareholders. He cited the cancellation of a planned investor day [...]
London’s Burlington Arcade is for sale January 15, 2017 London's iconic covered shopping gallery the Burlington Arcade has gone on sale. The arcade, which was established in 1819, links Piccadilly and Bond Street and is home of high-end brands such as Manolo Blahnik and Chanel. Industry sources said it would sell for around £400m. Read more: Central London take ups surge on the back of [...]
Leading bookmaker hits out on government plans, warning of “consequences for the sector” January 14, 2017 One of Britain's largest bookmakers has criticised government plans to take 10 per cent of gambling firms horse racing profits to fund the sport. Ladbrokes Coral, which runs over 4,000 betting shops across the UK, said the proposals "will have consequences for the sector". The department of culture, media and sport today announced an amendment to laws dating [...]
Horse racing levy to be imposed on bookmakers, hitting profits from April January 14, 2017 Horse racing organisations rejoiced will bookmakers fumed after the government announced plans to slap a 10 per cent levy of gambling firms. And bookies won't have much time before get used to the new rules as sports minister Tracey Crouch plans to introduce the levy – which is on all profits greater than £500,000 made on [...]
Mike Ashley’s patience runs out: Sports Direct appoints law firm despite previous investor sentiment January 14, 2017 Sports Direct has controversially appointed RPC to take control of its eagerly anticipated corporate governance review after two failed attempts at appointing alternative candidates. In an announcement to the stockmarket after it closed yesterday evening, Mike Ashley's firm said it had appointed the law firm, despite previous concerns from key investors over RPC's impartiality. Read more: [...]
James Bond’s yacht from Skyfall has gone on sale January 13, 2017 Looking for a great Valentine's Day present? Look no further – James Bond's yacht is for sale. The yacht – also known as Regina – appeared in Skyfall and is now on the market for £7.76m. Taking the yacht out for a week normally costs nearly £150,000 (manned by a crew of 8). Read more: [...]
Property interview: Melissa York speaks to CEO Fredrik Korallus of upstart hostel brand Generator about breaking America January 13, 2017 From the way chief executive officer Fredrik Korallus talks about his hostel group Generator, you’d think he was heading up a trendy Shoreditch club night. He speaks about “having the right art, the right music, the right culture” and even aspires to turn the £20-a-night shared accommodation hubs into “living art centres”. But exceeding expectations [...]
Wine experts at Marks & Spencer have predicted what you’ll be drinking in 2017 January 13, 2017 In 2016, we had the rise of English bubbly, craft beer and gin. Now, wine experts at Marks & Spencer have uncorked their top predictions for the year ahead. 1. First of all, we'll be drinking less Dry January got us all talking about the growing number of high-quality low or zero alcohol drinks, and [...]
Torrential rain in Spain means spinach shortage and blow to Popeye wannabees January 13, 2017 New Year gym-goers aiming to build up a Popeye-like physique have been dealt a major blow. Torrential rain in Spain has damaged this winter’s spinach crop, and supermarkets are struggling to feed consumer demand. Read more: Manufacturing giant Premier Foods considers price rises due to Brexit vote Waitrose supermarkets, for instance, have signs warning shoppers [...]