Millennials’ “live now, pay later” motto has made them clueless about saving and understanding interest rates September 7, 2016 Millennials may be a health-conscious bunch that are drinking less and even shunning bacon as part of their lifestyle choices, but they are absolutely clueless about one thing: money. The “Yolo” (you only live once) generation is getting by on a "live now, pay later" motto, according to new research. A quarter (26 per cent) of young Britons in the [...]
Clubbers mourn loss of London’s Fabric nightclub while Sadiq Khan is among those in the firing line September 7, 2016 London Mayor Sadiq Khan has been among those in the firing line this morning after one of the capital's most iconic nightclubs had its licence revoked last night by Islington Council, despite saying he is "disappointed" by the decision. Fabric in Farringdon will now close its doors permanently after the council said a "culture of drugs" existed [...]
Ashtead Group’s share price pops on double-digit rental revenue and expectation of full-year results lift September 7, 2016 Construction equipment provider Ashtead Group's share price popped more than five per cent this morning after it delivered double-digit rental revenue and healthy profit growth. The figures Ashtead's rental revenue grew by 12 per cent to £660.8m in the first quarter ended 31 July. Operating profit grew by four per cent to £183.6m, up from £160.7m in [...]
Health-conscious millennials go bananas for fruit and herbal infusion teas September 6, 2016 Health-conscious millennials have been behind a boom in demand for fruit and herbal infusion teas sales this year at one of the world's fastest-growing premium tea brands. Young tea drinkers have pushed sales of non-traditional fruit and herbal brews up 43 per cent at Southampton-based Ahmad Tea in the last eight months alone. The bestselling blends have [...]
Canadian group Jackpotjoy goes for bingo with IPO on London Stock Exchange in October September 6, 2016 Canadian online bingo firm Intertain Group rebranded today and has set early to mid-October as its deadline to float on the main market of the London Stock Exchange. Intertain has taken the name of its largest business unit, Jackpotjoy, under which it will trade in the UK. The group’s market capitalisation on the Toronto Stock Exchange is CA$744m [...]
Takeaway.com eyes imminent IPO on Euronext stock exchange after snapping up Just Eat’s Benelux operations September 6, 2016 The Netherlands’ largest restaurant delivery site Takeaway.com will seek to list on Amsterdam’s Euronext stock exchange in the next few weeks, the company announced today. Although previously active in the UK, earlier this summer Takeaway offloaded its entire British operations to Just Eat for an undisclosed sum, before snapping up Just Eat’s Benelux arm for €22.5m [...]
Britons miss fewer days at work than the rest of Europe, but does it make us happy? September 6, 2016 NULL
Mondelez International takes out sweet £1m insurance policy for one of its chocolate tasting-scientists September 6, 2016 Mondelez International has taken niche insurance to a whole new level after it insured the taste buds of one of its chocolate scientists for £1m with Lloyd's of London. Hayleigh Curtis works as part of Cadbury's innovation team at Mondelez's Global Centre of Chocolate Excellence, based in Bournville, the birthplace of Cadbury chocolate. The specialist chocolate team [...]
HIG Capital sells Docklands DoubleTree by Hilton Hotel to Chinese group for £80m September 6, 2016 Global private equity group HIG Capital has agreed to sell its DoubleTree Hilton Hotel in London's Docklands to Chinese investor firm Junson Capital for around £80m. HIG purchased the Rotherhithe hotel, previously owned by Swedish group Pandox, in early 2014. Its business plan for the hotel included rebranding it under the DoubleTree name and implementing a long-term refurbishment programme, [...]
Halfords’ share price rises as Olympics “cycling heroes” pump up sales in bike arm and group revenue increases September 6, 2016 Halfords' share price was pumped up this morning by a healthy rise in group revenues and news that the Olympics has helped the group offset slower cycling growth from previous quarters. The figures Halfords' group revenue rose 4.8 per cent in the 20 weeks to 19 August, with retail revenue rising 4.8 per cent and its [...]
