London’s Wolseley restaurant owners take Axa to court over Covid insurance disputes November 20, 2021 Hospitality groups, including the owner of London's Wolseley restaurant, are set to bring lawsuits to Axa insurance over Covid-related losses, according to reports.
UK’s biggest pub chain Stonegate to promote Spanish football after agreeing deal with LaLiga to show its matches in 100 pubs August 18, 2021 The UK’s biggest pub group, Stonegate, has struck a deal with Spanish football league LaLiga to show and promote its matches. Stonegate will showcase the LaLigaTV channel, which broadcasts all live games and recently announced Gary Lineker as a presenter, in almost 100 key pubs including its London-based Sports Bar and Grill chain. The move [...]
RedCat acquires The Coaching Inn Group for undisclosed sum August 13, 2021 Former Greene King boss Rooney Anand has announced he will acquire The Coaching Inn Group under his investment vehicle. Red Cat will take on the estate of 18 sites for an undisclosed sum. The Coaching Inn Group operates historic coaching inns in market towns including in the Cotswolds, Peak District, Leicestershire, Staffordshire, and Cambridgeshire. Chief [...]
‘Freedom day’: Pub bosses wipe down the bar for a 21 June return May 5, 2021 The UK’s pub bosses are wiping the bar down for a June return, coined “freedom day”, urging prime minister Boris Johnson to stick to his roadmap for the easing of restrictions. JD Wetherspoon, Greene King, Slug & Lettuce owner Stonegate and Young’s have all expressed their intentions for a 21 June return of bar service, [...]
Lloyd’s of London chairman teases ‘exciting’ plans for famous underwriting room March 31, 2021 Staff at Lloyd’s of London could see more flexibility introduced into their working week post-pandemic, but the iconic underwriting room will remain a core part of the London’s insurance industry, according to the chairman of the insurance marketplace. The insurance marketplace will open its underwriting room on 17 May, in line with the government easing [...]
Which London restaurants are extending Eat Out to Help Out? September 4, 2020 Independent and chain restaurants across London are preparing to launch their own discounts following the success of the government’s Eat Out to Help Out initiative. The government scheme, which offered a 50 per cent discount up to the value of £10 per person, has been popular, with 64m half price meals enjoyed in the first [...]
Domino’s appoints permanent finance chief as boardroom shake-up goes on September 2, 2020 Neil Smith has been made the permanent finance chief of takeaway chain Domino’s as the pizza house bolstered its board with a number of new appointments. Smith, who has served as the interim chief financial officer since joining in April, replaces David Bauernfeind, who died in a snorkelling accident last year. Prior to joining the [...]
Domestic M&A rises in first quarter despite coronavirus, as foreign takeovers fall June 2, 2020 UK M&A increased in the first quarter despite the outbreak of coronavirus, while foreign takeovers fell to their lowest level since 2017. During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.2bn, an increase of £1.1bn in the same period last year, according to the Office for [...]
Ei Group reveals multi-million pound tenant support package amid mounting pressure May 14, 2020 Ei Group has granted a rent holiday for some of its bigger pubs amid mounting pressure for pub companies to announce more support for tenants. A cross-party group of 60 MPs wrote to Ei Group last week urging it to cancel rents for tenants during the coronavirus crisis. The letter said it was “unfair” for [...]
Private equity activity reaches new peak but firms brace for difficult year April 22, 2020 European private equity activity hit a new peak in the first quarter, but firms are bracing for a significant slowdown as the impact of coronavirus hits. The first quarter saw 1,025 deals close for a total €132.9bn, a new quarterly peak, according to PitchBook data. It is in part because transactions that closed in the [...]