City Pub Company says cheers to AIM listing as sales rise by a third September 16, 2016 Quaint pub group City Pub Company has announced its intention to float on the London Stock Exchange's junior market late next year, while revenues at the firm have risen by a third. The figures Sales at City Pub Company rose by 36 per cent to £12.1m in the first half of the year, up from £8.9m in the same period [...]
London is the healthiest region in the UK with the highest number of cyclists and the best BMIs September 16, 2016 If you're someone who's been lured into the world of London Park Runs or has become addicted to the capital's latest healthy food pop-ups – you're not alone. London is the healthiest region in the UK, according to data from healthcare provider Simplyhealth and YouGov. Nearly half of adults living in London have a "healthy" body [...]
Whisky galore: Scotch exports rise for first time since 2013, but Brexit concerns weigh heavy on industry September 16, 2016 Scotch was used to prop up bars a little more worldwide last year as global export volumes grew for the first time since 2013 – though the industry is still hesitant on the challenges of Brexit. Volumes of Scotch, which already adds £5bn to the UK's economy, shipped overseas grew by 3.1 per cent over the first [...]
Next and Morrisons: What a difference a year makes September 16, 2016 What a difference a year makes. This time in 2015, shares in clothing retailer Next were up after it reported a jump in sales in its first half. Meanwhile, Morrisons warned of a “long recovery” as it made plans to sell its underperforming M Local stores amid falling sales and profits. Yesterday those fortunes reversed: [...]
Drinks industry body and local companies file lawsuit in bid to halt Philadelphia sugar tax on soft drinks September 15, 2016 A US drinks industry body and small businesses have launched a lawsuit to try to block a soft drinks tax in the US city of Philadelphia. The city council voted in favour of the tax in June, which will introduce a levy of 1.5 cents per ounce to sugar-sweetened soft beverages in January. Proceeds from [...]
Curzon cinema Mayfair under threat of closure in soundproofing row September 15, 2016 The historic Curzon cinema in the West End may closure after developers have made a noise complaint. Developers want the cinema – which has been on Curzon street since 1934 – to pay for soundproofing to make it easier to sell the £2m flats being converted on the floors above. However, the cinema will not be able [...]
Car repair and Ovenclean owner Franchise Brands polishes off double-digit revenues after August IPO September 15, 2016 Recently-listed international group Franchise Brands posted double-digit turnover in its maiden results today. The figures Franchise's two main brands, DIY disrupters Ovenclean and minor car repair service ChipsAway, traded well in the six months to 30 June, with group revenue rising 10 per cent to £2.5m. Profit before tax nudged up 18.3 per cent for [...]
Megabrew: Influential shareholder adviser group Glass Lewis backs £79bn AB InBev takeover of SABMiller September 15, 2016 Global investor advisory group Glass Lewis has backed Anhesuer-Busch InBev's (AB InBev) £79bn takeover of British drinks giant SABMiller. Glass Lewis has urged SABMiller shareholders to vote in favour of the takeover at the company's vote on the deal on 28 September. The group said the cash offer, which has been dismissed by other shareholders [...]
McDonald’s gets final bids for super-size sell-off of restaurants to franchise partners in China and Hong Kong September 15, 2016 McDonald's has received final offers from at least three bidders for more than 2,000 of its restaurants in China and Hong Kong that have been put up for sale to franchise partners in a super-sized sell-off. Private equity outfit Carlyle Group has served up an offer with Chinese state group CITIC, while TPG Capital is working with local [...]
Summer retail spend still strong following the Brexit vote September 15, 2016 Retail sales edged downwards in August following the nation's bumper spending spree in July – but sales were more than six per cent higher than last year, indicating consumers were still happy to spend after the Brexit vote. Excluding fuel, sales fell 0.3 per cent month-on-month in August, but sales were up 6.2 per cent on last year, [...]