Retirement housebuilder Churchill revenue up 75% after lonely lockdowns August 16, 2021 Retirement housebuilder Churchill has reported revenue up 75 per cent as lonely lockdowns encouraged people to consider moving into retirement homes. Revenue hit £160m as 48 per cent more retirement homes were sold, the housebuilder revealed in its full year results for the year to June 30. The group swung back to profit with an [...]
Convicted Libor rigger unable to open a bank account after prison term August 16, 2021 Tom Hayes, who was convicted for rigging Libor interest rates, has said he cannot get paid after seven banks have barred him from opening an account. The former City trader was found to have acted dishonestly in trying to risk the benchmark interest rate while at UBS and Citigroup between August 2006 and September 2010. [...]
Turnover of independent spirit distilleries hits £1.87bn thanks to lockdown drinkers August 16, 2021 Independent spirit distilleries’ turnover increased by eight per cent last year, as locked down Brits concocted their own cocktails. Turnover reached £1.87bn last year, up from £1.72bn the previous year, according to private equity investment firm Growthdeck. Consumers spent an additional £566.8m on spirits as bars and pubs were forced to close for months due [...]
The Very Group owners select trio of banks for £4bn float August 13, 2021 The owners of fashion retailer The Very Group have selected a trio of investment banks to organise a £4bn flotation. Banks Barclays, Morgan Stanley and UBS have been appointed to coordinate an initial public offering (IPO) to take place next year, according to Sky News. This would mark the first time the Barclay family – [...]
Buyers look to Notting Hill as prime central sales rise 8% on pre-pandemic levels August 13, 2021 Demand for prime central properties is 31 per cent ahead of July 2019 as buyers prioritise green spaces following the pandemic. Sales in the City of Westminster and the Royal Borough of Kensington and Chelsea are up 8 per cent compared to June and July 2019, according to estate agents Winkworth. There has been a [...]
Yodel reports most successul year yet after online retail rockets August 13, 2021 Delivery group Yodel has reported its most successful year on record as shoppers turned online during the pandemic. The Liverpool-based company said total volumes had grown by 28 per cent in the twelve months to June 2021 compared to 2020. There was a 12 per cent overall increase in volumes in the last quarter to [...]
Heineken ‘doing everything’ to avoid beer shortages ahead of strikes August 13, 2021 A drinks giant has said it will take mitigation measures to avoid a beer drought when delivery drivers take industrial action later this month. Beer draymen employed by GXO Logistics Drinks will strike over pay disagreements with some 1,000 individuals across 26 sites to participate. GXO Logistics Drinks is responsible for about 40 per cent [...]
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 [...]
