Big Yellow slashes staff and turns to automation after Reeves’ business rates blow Markets Big Yellow continued to trim its headcount and hike investment into automation in a bid to cut staff costs, as the company continues to deal with the fallout of Reeves’ decision to hike business rates. The Chancellor’s decision to increase both national insurance and minimum wage in the 2024 Autumn Budget, caused the group to [...]
Big jump for Big Yellow shares as Blackstone eyes takeover bid Property Shares in Big Yellow rocketed on Monday morning after it emerged the London-listed business could be in line for a takeover from real estate investment giant Blackstone. In a statement, the self-storage firm confirmed Blackstone was “considering its position in relation to the company, which could include a cash offer for the entire issued, and [...]
Big Yellow posts solid quarter of growth Retail A boost in occupancy and a hike to rents helped revenue at self-storage firm Big Yellow to a solid increase in the second quarter, after what has been a difficult two years.