The UK high street gets an early Christmas present as high street sales get a boost for the first time since January November 4, 2016 Is the high street back on track? High street sales are back in positive territory after falling for the past nine months. Read more: Retailers in Mayfair and Bond Street to be hardest hit by rates hike According to data from accountants BDO, sales on the high street grew 0.7 per cent year-on-year in October. [...]
Prepare for London’s first 4DX cinema – complete with bubbles, scents and motion chairs November 3, 2016 Cinema is about to get even more thrilling with London's first 4DX theatre due to open in Wandsworth next month. 3D? IMAX? That's so old news. Get ready for the latest in cutting edge cinematic viewing – 4DX – with special effects to stimulate all five of your senses at a new screen in Cineworld Wandsworth. The [...]
Hyatt Hotels welcomes surprise profit increase in third quarter results November 3, 2016 Hyatt Hotels today welcomed warm third quarter results showing a sharp boost in earnings to $62m (£49.7m). The group reported a surprise profit increase on higher revenue from its hotels, as well as increased management and franchise fees. The results The Chicago-based company said its net income had increased 148 per cent to $63m from last year. It [...]
Poker champion Phil Ivey loses ‘cheating’ case in court, but will appeal again November 3, 2016 Professional poker player Phil Ivey has lost an appeal against a London casino over whether he cheated to win £7.7m. The 39-year-old had challenged a decision from 2014 which said he had cheated in order to win the game, which then rendered his winnings invalid. The ten-time winner of the World Series of Poker achieved his winnings through "manipulating" [...]
Sir Philip Green’s BHS pension scheme offer fell short by £100m November 3, 2016 Sir Philip Green's offer to contribute to the BHS pension scheme was £100m less than the Pensions Regulator wanted, according to reports. The BBC has said that the regulator wants £350m from Green, but he was only willing to put in £250m. Yesterday, the regulator announced that it was starting legal action against Green to [...]
Four London Wahaca branches remain shut due to norovirus outbreak after hundreds were taken ill November 3, 2016 Mexican food chain Wahaca has had to close nine restaurants – five in London – after a suspected outbreak of norovirus. UPDATE: Wahaca has now reopened all its restaurants. Read more here. Public Health England (PHE) said it had launched an investigation after 205 staff and 160 members of the public fell ill. Most of [...]
Analysts welcome a full year of growth for Morrisons November 3, 2016 Morrisons' share price was climbing this morning after the retailer said that its like-for-like sales were up 1.6 per cent in the third quarter, marking a year of positive same-store sales. Halloween sales jumped 20 per cent in the period. The company's share price was up 1.2 per cent this morning as a result, and [...]
Adidas share price falls after sportswear giant announces Reebok restructuring November 3, 2016 Adidas' share price fell by over four per cent in morning trading as the German sportswear giant announced it would be taking one-off expenses to make investments for further growth and restructure the Reebok brand. In its third quarter report, the first set of results delivered under new chief executive Kasper Rorsted, Adidas said that net [...]
Jamie Oliver to buy back his Jamie’s Italian restaurants in Australia November 3, 2016 Jamie Oliver's on a mission Down Under. The celebrity chef is set to buy back his Jamie's Italian restaurants business in Australia, after Keystone Group (which ran the operation) collapsed and put the franchise up for sale. Receiver Morgan Kelly from Ferrier Hodgson confirmed Jamie Oliver Group was the preferred bidder for the six restaurants, [...]
The Aldi fightback is on: Morrisons records fourth consecutive quarter of growth November 3, 2016 After the devastating news that Morrisons was hiking the price of Marmite, it needed a good third quarter. And it has delivered the fourth consecutive quarter of growth, with sales up 1.6 per cent. Potentially a sign of, whisper it quietly, momentum building? The figures The 13 weeks to 30 October, like-for-like sales were up [...]