Plans ‘in the pipeline’ for more Ivy restaurants October 11, 2021 Restauranter Richard Caring’s firm plans to open more Ivy venues, as financial accounts lay bare the impact of the pandemic. In full-year accounts filed to Companies House, Caprice Holdings reported a £28.4m turnover for the 53 weeks ended January 3. The company owns London private dining rooms including Sexy Fish, Daphne’s and 34 Mayfair. Turnover [...]
Sugar is biggest vice for almost one in four Brits October 11, 2021 Nearly one in four Brits say sugar is their biggest vice, according to a new survey. Researchers also found more than a quarter (27 per cent) of those polled believe an addiction to sugary drinks has a detrimental effect on their health in the form of tooth decay, weight gain and dehydration. The survey also [...]
ASOS chief executive Nick Beighton steps down with immediate effect October 11, 2021 ASOS chief executive Nick Beighton is stepping down with immediate effect, the company just confirmed. “A search for his successor will begin shortly,” ASOS said in a statement. In the meantime, Mat Dunn, currently Chief Financial Officer, will become COO of ASOS and lead the business on a day-to-day basis with effect from today. Katy Mecklenburgh, currently [...]
Weak data security storm brews over BrewDog as it mulls IPO October 11, 2021 More than 200,000 BrewDog shareholders and customers had their details exposed for over 18 months, according to a security consulting and testing services firm. It comes as the beer maker prepares for an initial public offering, which would require it to step up its data security. Details such as names, date of birth, email address, [...]
47 countries removed from UK red list at 4am, including South Africa and Thailand October 11, 2021 Forty-seven countries were removed from the red list at 4am this morning, meaning arrivals from those locations will no longer need to spend 11 nights in a quarantine hotel. This includes South Africa, Mexico and Thailand. The changes make it easier for people to obtain travel insurance for trips to those destinations. In addition, the [...]
Clubbing sector has lost 86k jobs since start of pandemic October 11, 2021 The country’s cultural nightlife sector has lost some 86,000 jobs since the outbreak of the pandemic. The Night Time Industries Association (NTIA), commissioned a report titled ‘A study of the night time economy’, in which it argued against a return of Covid measures. An estimated 393,000 jobs were lost in the night time economy while [...]
Businesses yet to receive a penny from £1.5bn Covid support pot October 11, 2021 English businesses are yet to receive a single penny in relief following the announcement of a £1.5bn targeted Covid support fund six months ago. The business rates relief fund was announced to help businesses affected by Covid outside the retail, hospitality, and leisure sectors. The government said it would retrospectively ban more than 170,000 rates [...]
Consumer confidence slips to pre-Covid levels as shoppers see supplies squeezed October 10, 2021 Consumer confidence has dipped to its lowest level this year, as inflation, the energy crisis and HGV driver shortages take their toll on the outlook to Christmas, according to a new report by PwC. Following record highs earlier in the year, consumer confidence saw a decline in almost every age, region and demographic category, and [...]
Asos expected to reveal sales boosted by post freedom day shopping October 10, 2021 Online fashion retailer Asos is expected to outline a slowdown in sales growth this week as its profit margins take a hammering from global freight shortages. The fashion giant saw sales jump during the pandemic as shoppers turned to online shops for comfortable clothes to lock down in. Analysts said they anticipated freight shortages, currency [...]
Kraft Heinz boss: Businesses should try to minimise food price increases for customers October 10, 2021 Businesses should try to minimise price increases for consumers, according to the boss of Kraft Heinz. Miguel Patricio – who oversees the ketchup and baked beans producer – told the BBC that the firm was hiking prices in several countries. He said consumers would be forced to get used to higher food prices. Inflation was [...]