Pubs optimistic ahead of England v France tonight as World Cup proves ‘shining light’ this winter December 10, 2022 Publicans will be eagerly hoping for extra time at the England v France match this evening, when venues will be hosting “one of the biggest nights of the year.” With the Three Lions set to take on the tournament’s quarter final this weekend, pub and bar bosses have said the game will draw in huge [...]
World Cup fans flock to shops to buy TV screens and football Christmas decor December 9, 2022 Football fans have upgraded their screening set-ups ahead of England v France this weekend, with sales for televisions and projectors surging. The Three Lions are set to take on their rivals on Saturday evening, with shoppers rushing to upgrade their TV sets after England made it through to the showdown. High street stalwart John Lewis [...]
Rapid delivery behemoth Getir acquires Gorillas for $1.2bn in continued consolidation December 9, 2022 Speedy grocery delivery app Getir has announced the acquisition of rival Gorillas, after months of takeover talks. The deal was testament to Getir’s market-leading position in the sector, Nazim Salur, who founded the firm in 2015 said. “Markets go up and down, but consumers love our service and convenience is here to stay,” Salur said. [...]
Morrisons inks £220m sale of warehouses as it aims to become ‘more popular’ December 9, 2022 Morrisons has inked a £220m sale and leaseback transaction of seven logistics properties, as it aims to become “more popular and more accessible.” The supermarket – which is owned by New-York private equity titan Clayton Dubilier & Rice – announced the completion of the deal with asset manager ICG on Friday. Morrisons has undertaken to [...]
Twinings owner Associated British Foods boosted amid cost of living crunch December 9, 2022 Primark owner Associated British Foods (ABF) has said its food business will fair better this year than the last, as it faces the UK’s economic downturn with low-cost offerings. At its annual general meeting today, chairman, Michael McLintock is expected to keep the group’s full year outlook unchanged, as many businesses in the country nudge [...]
In The Style owners mull sale as founder returns to head fast fashion retailer December 8, 2022 A sale of fashion firm In The Style is being considered while the retailer’s founder will return to head the firm next year. Investment bankers at Lincoln International have been hired to assist with a strategic review of the firm, which may result in a sale of the firm or some of its assets. The [...]
Frasers reaps rewards of e-tailer takeovers as sales swell December 8, 2022 Sports Direct owner Frasers has seen profit leap up after a slew of high street and e-commerce acquisitions, backing its full-year expectations. The House of Fraser owner said it was confident in existing guidance for adjusted profit before tax of between £450m to £500m for this financial year. The retail titan posted a 53 per [...]
All Bar One owner Mitchells & Butlers complains of ‘significant uncertainty’ over energy bills next year December 7, 2022 Mitchells & Butlers has said “significant uncertainty” remains over the heftiness of its energy bill next year, as pub bosses have called for more financial aid. The All Bar One and Toby Carvery owner said its trading environment “remains very challenging,” as cost inflation headwinds were expected to be as much as 12 per cent [...]
Dragons’ Den star Levi Roots on Brixton being the ‘sauce’ of entrepreneurial spirit December 7, 2022 In Brixton, the “heartbeat of the community” is its market, Dragons’ Den star and the businessman behind Reggae Reggae sauce, Levi Roots, tells CityA.M. The south London district has been Roots’ home ever since he moved to the UK as a young child from Jamaica, so it’s no surprise it is close to his heart. [...]
Quiz swings to profit as it heads into Christmas party dress season December 7, 2022 Fashion retailer Quiz has continued to bounce back after a torrid lockdown, swinging back into the black in the first-half of the year. The retailer – which operates 62 stores in the UK and an e-commerce platform – posted a £1.8m profit before tax, for the six months to 30 September. It had suffered a [...]