Private equity backing has made casual dining market ‘lazy,’ Hestia boss warns hospitality The owner of a premium hospitality investment group which is targeting revenue of £100m over the next three years has said operators in the casual dining market have gotten “lazy” because of private equity backing.
Moonpig nosedives after private equity firm sells 25m shares Retail Thursday proved to be the worst day of trading in three years for personalised card company Moonpig, after a private equity firm sold 25 million of shares in the firm.
Everest: Jon Moulton’s double-glazing supplier crashes into administration leaving hundreds of jobs at risk property Everest, one Britain’s biggest double-glazing suppliers, has fallen into administration, leaving 350 jobs at risk.
Freshly-listed World Chess sees revenue slip after Armageddon series but gaming firm still confident April 26, 2024 Online platform World Chess reported a slip in revenue for the year ended December, but said it was still confident in delivering its growth strategy.
Loungers trading ahead of expectations as new site roll-out boosts bottom line April 26, 2024 Loungers has said it is trading ahead of expectations for the year, helped by the opening of 36 new sites.
UK consumer confidence edges up after stagnant start to year April 26, 2024 UK consumer confidence improved by two points in April, after laying stagnant in March.
Canary Wharf: Property value falls as London banking hub secures £550m financing deal April 25, 2024 The developer and manager of Canary Wharf in East London has reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn.
WH Smith fails to impress as shares slump despite boom in travel arm April 25, 2024 Shares in WH Smith were down by almost seven per cent in early trade, despite the business telling markets it has high hopes for a strong summer of trade as demand for travel booms.
Persimmon ‘on track’ to build 10,500 homes this year as property market recovers April 25, 2024 Persimmon said it is on track to build between 10,000 and 10,500 properties this year, in the latest signal of green shoots emerging in the market despite interest rates remaining high.
Sainsbury’s predicts profit to exceed £1bn as Aldi price-matching pays off April 25, 2024 Supermarket Sainsbury’s expects profits to exceed £1bn this year as it continues to win shoppers with loyalty card and Aldi price matching schemes.