Peel Hunt says revenues will tumble to £40.5m as capital market slump continues October 3, 2022 Investment bank Peel Hunt said it expected revenues to come in at £40.5m in the first six months of the year as it continues to feel strain of a slump in capital markets activity this year.
Tortilla anticipates shaved margins as protein prices spike October 3, 2022 Mexican fast-food chain Tortilla has warned it faces a hit to margins this year after meat prices have soared. Inflationary pressures would lead to a three percentage points reduction in gross margin for the 2022 financial year, to the tune of approximately £1.8m, Tortilla said on Monday. The restaurant brand pointed to a 40 per [...]
Hipgnosis secures new debt deal at it rides ‘increasingly unpredictable’ market October 3, 2022 Music investment titan Hipgnosis Songs Fund has secured a new debt financing deal this morning as the firm rides on a “unpredictable” market. The company confirmed that it had entered into a new Revolving Credit Facility (RCF) with a commitment of $700m, which runs for five years. In simple terms, an RCF gives a company added [...]
Kwarteng to U-turn on scrapping 45p tax rate: ‘We get it – we have listened’ October 3, 2022 Chancellor Kwasi Kwarteng will U-turn on scrapping the 45p tax rate amid opposition from his own MPs and former ministers. The government is to row back on the policy following vocal opposition from former cabinet ministers Michael Gove and Grant Shapps. On Sunday, the Prime Minister said she was “absolutely committed” to the policy. Posting [...]
Kwarteng has no option but to stay the course on tax plans October 3, 2022 A few weeks into her new role Liz Truss and her Chancellor Kwasi Kwarteng would have been forgiven for thinking that Tory conference would have been something of a party. After all, Tory party members favoured her candidacy by some margin – even if Conservative MPs were more enamoured by the now extremely quiet Rishi [...]
Exclusive: Second Los Mochis restaurant to open at 100 Liverpool St rooftop October 3, 2022 British Land Land has signed Los Mochis, the Baja-Nihon restaurant, which will open a flagship 14,000 sq ft restaurant on the rooftop of 100 Liverpool Street at Broadgate. CityA.M. can reveal that the Baja-Nihon restaurant will set up shop at 100 Liverpool St at Broadgate, opening in autumn 2023. The new venue follows in the [...]
Truss has no real choice but to stick to her risky pro-growth proposition October 3, 2022 No one could say that Liz Truss had started her premiership quietly, after the hiatus of mourning the late queen. The chancellor’s “mini-budget” ten days ago was one of the most significant changes of economic policy in a generation. While Kwasi Kwarteng might have hoped for better reviews of his first major outing, he has [...]
Burger King inks whopper deal for ownership of 74 restaurants October 3, 2022 Burger King has snapped up a swathe of restaurants from its second largest franchise partner, in its largest ever franchise consolidation. The fast food chain’s UK arm said an indirect acquisition of all 74 restaurants under Karali Limited and Teresina Limited would boost its plans to expand its owned and sub-franchised portfolio. Burger King UK’s [...]
Social responsibility is an imperative if we want our economy to grow with resilience October 3, 2022 If you walk the streets of the City of London, you will see dragons everywhere. Not the kind displayed in House of the Dragon, the new Game of Thrones prequel, but images of the creatures in crests, in insignia above doors, on flags, and on the top of buildings. They are an unmistakable sign of [...]
We need an alliance to catch up with China on rare earths October 3, 2022 The need for rare earth elements in modern society is obvious. They are a critical component in phones, computer screens, electric vehicle batteries and many other objects we use on a daily basis such as energy-efficient lightbulbs. Each of these products, along with a slew of others, will become ever-more important as society shifts further [...]
