Why are UK mid caps in such an M&A sweetspot right now? February 22, 2021 It would be difficult to miss the fact that UK mid cap companies are attracting a renewed level of bid interest at present. So much so that, every morning, when I log in to my virtual workplace, I am mentally preparing myself to see a new headline about the next one to be bid for. [...]
Toby Carvery owner Mitchells & Butlers launches £351m ‘critical’ cash raise after liquidity deteriorates February 22, 2021 Mitchells & Butlers (M&B), the owner of Toby Cavery and All Bar One, this morning launched a “critical” bid to raise £351m after the pub group’s liquidity “deteriorated significantly” during the pandemic. M&B said the open offer, which has been underwritten by majority shareholder Odyzean, will enable the company to reduce its unsecured debt and [...]
Recruitment firm RTC suffers drop in profit as pandemic takes toll February 22, 2021 London-listed recruitment firm RTC saw profit from operations drop by 45 per cent to £1.1m in 2020, as the pandemic struck industries across the world. Group revenue also fell by 14 per cent to £81.4m, while earnings per share hit 4.6p compared to 9.6p in 2019. Meanwhile, net cash increased to £1.9m and RTC reported [...]
Lockdown leaders: Aldi and M&S voted UK’s top in-store supermarkets February 22, 2021 Lockdown leaders: Aldi and M&S voted UK’s top in-store supermarkets
Golden goodbye: Rio Tinto bosses farewell 2020 with chunky payouts February 22, 2021 Golden goodbye: Rio Tinto bosses farewell 2020 with chunky payouts
Cake giant Finsbury Food has little cause for celebration as revenue drops sharply February 22, 2021 One of the UK’s biggest cake makers has seen group revenue fall by more than four per cent to £152.9m in the six months leading up to Christmas, the group announced this morning. Finsbury Food Group’s profit before tax also dropped 16.1 per cent to £7.4m as the company felt the effects of coronavirus lockdowns. [...]
If the PM wants to make mass testing work – there must be national health passes February 22, 2021 Two things can be true at once: the roll out of vaccinations is by far the most promising development in the pandemic, and the future is still very uncertain. The Prime Minister’s new roadmap announcement this evening will likely leave many questions unanswered. Even when businesses are allowed to reopen, they face an uphill battle [...]
London holds firm as financial services centre of Europe February 22, 2021 Many European financial services firms are applying for permission to operate in the UK, signifying London will continue to be a leading player on the global financial stage post-Brexit. Nearly 1,500 EU-based financial services firms have applied for permission to operate in the UK, with around 1,000 of those planning to establish their first UK [...]
Creative, civic and commercial organisations must work together for a cultural resurgence in London February 22, 2021 The COVID-19 pandemic has hit all parts of our country but sadly, the situation facing the City’s and London’s creative sector is nothing short of a cultural catastrophe. These two words paint a simple and bleak picture but, if we work together, I fully believe that we can spark a cultural resurgence. Prior to the [...]
New UK taxes have raised £48bn in last decade, says new study February 22, 2021 The UK taxman has collected £48bn in revenue through new taxes in the past decade, according to a British accountancy group. UHY Hacker Young said the figures showed that a series of taxes under successive Conservative chancellors have “not fit in with their aim to simplify the UK tax system”. The study showed that the [...]
