Kier Group offloads Mouchel Consulting to WSP Global in £75m deal October 12, 2016 London-listed construction firm Kier Group has sold Mouchel Consulting to Canada-based WSP Global for £75m. FTSE 250-listed Kier acquired the engineering, environment and asset management consulting branch as part of its £265m takeover of infrastructure company Mouchel last year. The tie-up put Kier in control of around a third of the UK's road network and boosted its [...]
David Cameron has revealed his first job since resigning as prime minister and an MP October 12, 2016 It's now been three and a half months since David Cameron resigned from his role as prime minister on the steps of Downing Street, hours after the pro-Brexit vote was announced. And after additionally resigning as an MP last month, the former PM has finally announced his first new role outside of parliament. Cameron will become chairman [...]
Travelodge to create 1,000 permanent jobs in Christmas recruitment drive October 12, 2016 British hotel chain Travelodge is planning to check in 1,000 new members of staff as it launches a Christmas recruitment drive to fill positions at dozens of locations across the country. The budget hotelier is recruiting 160 staff for seven new hotel openings in Finchley, Stockport, East Grinstead, Kings Lynn, Andover and Peterhead. The group [...]
Giraffe Concepts snaps up 1950s-style restaurant chain Ed’s Easy Diner in pre-packaged deal that will result in 379 redundancies October 12, 2016 Giraffe Concepts has snapped up Ed's Easy Diner in a pre-packaged sell-off of the 1950s-style restaurant chain. The purchase includes 33 of the company's 59 restaurants and will result in the immediate closure of 26 restaurants and 379 redundancies. The deal, for an undisclosed sum, also includes the Ed's Easy Diner brand and the group's head [...]
Megabrew: Anheuser-Busch InBev shares rise on Euronext Brussels days after swallowing up SABMiller October 12, 2016 Shares in the world's largest brewer Anheuser-Busch InBev (AB InBev) have risen 1.6 per cent on the Euronext Brussels exchange two days after it swallowed up British drinks giant SABMiller in a £79bn takeover. AB InBev's stock was trading at €115.05 on the Euronext Brussels stock exchange, which is the primary listing for the newly-merged company. Read [...]
“Outstanding performance” in own beer brands boost sales at pub group, lodge operator and brewer Marston’s October 12, 2016 Pub group Marston's was toasting its brewing arm this morning after its own-brand beer volumes registered double-digit growth over the year. The figures The Resolution and Hobgoblin brewer's own beer brands grew 13 per cent in the year ended 1 October, in line with management expectations. Like-for-like sales in Marston's destination and premium pubs were up 2.3 [...]
Time Out to open first London market in Shoreditch next year following success of Lisbon venue October 12, 2016 Time Out will launch its first London market in Shoreditch next year, the magazine publisher-turned-entertainment group announced today. The London market will follow the same model as the group's flagship venue in Lisbon, Portugal, which opened in May 2014. The 19,250 square foot space on Commercial Street will hold restaurants, bars, shops, an art gallery [...]
Monarch breathes a sigh of relief as majority shareholder Greybull Capital invests £165m October 12, 2016 Monarch Airlines has received a £165m cash injection from its majority shareholder, private equity fund Greybull Capital. The lifeline investment, which is the largest in Monarch's 48-year history, has allowed the air group to renew its ATOL licences from the Civil Aviation Authority (CAA) for the next 12 months. Monarch was granted a two-week extension on [...]
The world is going nutty for healthy snacks and increasingly shunning sugary treats October 11, 2016 Growth in healthy snacks has outstripped growth in traditional in-between meal treats as consumers shift towards lower-sugar diets, according to figures from Euromonitor International. Retail value sales in so-called "healthy" snacks, which include yoghurts, nuts and fruit snacks, have grown seven per cent worldwide between 2015 and 2016. Although yoghurt and sour milk products grew [...]
Domino’s Pizza is trialling a canoe delivery service for those who live alongside rivers October 11, 2016 First, the new delivery trend was everything to come by bicycle, mirrored by the seemingly indomitable rise of Deliveroo (and recently re-adopted by Tesco). But now, takeaway giant Domino's will be pushing the boundaries of pizza distribution afresh with its new, (somewhat) intrepid river service that will deliver to customers living near one of the UK's many [...]
