Upper Crust owner SSP asks shareholders to reinvest dividend to raise £27m June 3, 2020 Upper Crust owner SSP Group has asked shareholders to reinvest their dividend payment to raise £26.8m for the firm, which swung to a loss during the coronavirus crisis. SSP, which operates mainly out of travel hubs that were closed during the pandemic, said shareholders can reinvest the proceeds of their 2019 final dividend payment into [...]
Consumer confidence among millennials jumps during lockdown May 28, 2020 Consumer confidence among millennials has jumped during the UK coronavirus lockdown, according to the latest research. Sentiment in the 25 to 34 age group has risen from minus seven in April to 16 this month, a survey tracking expectations of future disposable income and shopping behaviour showed. The age group has overtaken the 18 to [...]
Monsoon Accessorize teeters on brink of administration May 28, 2020 Fashion retailer Monsoon Accessorize is preparing to appoint administrators, putting up to 3,500 jobs at risk, as the coronavirus crisis continues to pile pressure on the already struggling UK high street. Monsoon Accessorize is expected to file a notice of intention to appoint administrators in the next few days, Sky News reported. FRP Advisory, which [...]
McColl’s hires ex-Casual Dining Group finance chief May 28, 2020 Convenience store chain McColl’s has hired former Casual Dining Group finance chief Giles David, the retailer announced this morning. David will join the company as chief financial officer on 1 June, after leaving Casual Dining Group, which owns Bella Italia, Las Iguanas and Cafe Rouge, last year. McColl’s also announced this morning that chief commercial [...]
Debenhams cuts ‘hundreds’ of head office and store jobs May 28, 2020 Embattled retailer Debenhams is preparing to cut “hundreds” of jobs, with both head office and in-store roles set to go. Debenhams, which is set to reopen most of its branches on 15 June, will cut some in-store roles due to reduced opening hours and the continued closure of services such as cafes, City A.M. understands. [...]
Harrods to open Westfield outlet shop to ease pressure on Knightsbridge store May 28, 2020 Harrods is preparing to open a new London outlet to host its summer sale and create more space at its Knightsbridge flagship store. The Harrods Outlet at Westfield Shepherd’s Bush will open in July and offer discounted stock from the existing season that the retailer was unable to sell when stores closed during the UK [...]
Regus owner IWG targets £315m fundraise to drive expansion after coronavirus May 27, 2020 Office space giant IWG is aiming to raise £315m through a share offering as it eyes expansion opportunities as rival firms struggle during the coronavirus pandemic. IWG, which owns Regus, said “the current environment is presenting an increased number of attractive…opportunities to accelerate the growth and development of the business”. The office provider said sales [...]
All McDonald’s drive-thru restaurants to reopen next week May 27, 2020 All McDonald’s drive-thru restaurants across the UK will be open by the end of next week, the fast food giant announced today. The restaurants will reopen between Tuesday and Thursday next week, and the burger chain will also expand the availability of its delivery service. By 4 June, 1,019 McDonald’s restaurants in the UK and [...]
UK coronavirus lockdown: When will hairdressers reopen? May 27, 2020 Hairdressers and barbers have been closed for more than nine weeks after they were ordered to shut their doors during the UK coronavirus lockdown announced on 23 March. Searches for “how to cut hair” have increased 412.2 per cent since the beginning of lockdown, while searches for “how to shave your head” have soared 277.8 [...]
London’s first skyscraper 55 Broadway to be converted into luxury hotel May 27, 2020 The former London Underground headquarters in St James’ Park will be converted into a luxury hotel after the development was given the green light by planning authorities. Westminster City Council has granted planning permission for Blue Orchid Hotels, part of the Integrity International Group, to transform the 55 Broadway complex into a new hotel. Transport [...]
