Dishoom creates hundreds of jobs and serves up record sales September 30, 2024 Dishoom created almost 300 jobs as its sales surged past the £100m mark during its latest financial year, it has been revealed. The London-headquartered restaurant chain has posted a turnover of £116.8m for 2023, according to newly-filed accounts with Companies House. The latest figure comes after Dishoom reported a turnover of £94.9m for the previous [...]
A ‘disappointed’ REA withdraws Rightmove offer after four rejected bids September 30, 2024 REA has withdrawn its possible offer for Rightmove after four bids were rejected by the property platform. “The potential acquisition of Rightmove was dependent on coming to an agreement at a fair price, which would have required meaningful engagement and a constructive dialogue,” REA said. REA’s chief executive Owen Wilson added that the company was [...]
House prices rise at fastest pace in two years September 30, 2024 House prices have risen at their fastest pace in two years as easing mortgage rates shift the UK’s property market back into gear, new figures reveal. House prices across Britain rose by 3.2 per cent year on year in September and 0.7 per cent month on month, according to Nationwide’s house price index. “Mortgage rates [...]
Home REIT sells off another £36.9m of property in wind-down scramble September 30, 2024 Scandal-hit social housing investor Home REIT said it had offloaded another £36.9m worth of property today as it scrambles to clear its debts before winding down. In a statement to the markets, the former FTSE 250 firm said it had sold 200 houses at a series of public auctions last week as part of efforts [...]
UK growth revised down to 0.5 per cent in second quarter September 30, 2024 Liz McKeown, ONS director of economic statistics, said the updated figures included new survey data, VAT returns and updated information about the size of different industries.
Playtech upgrades guidance as B2B business grows amid Snaitech sale September 30, 2024 Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm grows, and said it will deliver €1.7bn (£1.42bn) to shareholders via the sale of Snaitech. Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m (£202m), driven by [...]
Conservative Party Conference: Tories gear up for bun fight in Brum September 30, 2024 The Tories are gearing up for a bun fight in Birmingham this week as the party gathers for its first conference since July’s catastrophic defeat. A so-called ‘beauty parade’ of the four remaining candidates vying to become Leader of the Opposition got underway this weekend with a flurry of receptions and rallies at the International [...]
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
City chief goes all in on gold amid government borrowing surge September 30, 2024 A City manager has gone all in on gold as government borrowing has spiralled to "bonkers" levels as a measure against inflation.
Meet the fund managers: Renewable infrastructure in the FTSE 250 September 30, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Minesh Shah, manager of The Renewables Infrastructure Group (TRIG). How does your fund stand out from others in the same market? The Renewables Infrastructure Group (often known as TRIG) is a £3bn FTSE [...]