Sneak peak at Earls Court £8bn ‘zero carbon’ regeneration scheme February 22, 2023 A derelict exhibition centre in Earls Court is set to be transformed into a £8bn zero carbon neighbourhood with a raised urban park bigger than Trafalgar Square. The 40 acre site in Zone 1, which was once home to the Brit Awards, was crushed in 2015 but now its new developers have plans to transform [...]
Next: Share price up for luxury interior brand Sanderson Design after £2.6m licensing deal February 22, 2023 The share price of luxury interior furnishings group Sanderson Design skyrocketed 12 per cent to 132.7pt this morning, after a £2.6M licensing agreement with London listed retailer Next was announced. The group will sell its Clarke & Clarke products, which includes wallpaper and rugs, in Next’s online and physical stores, with the deal meaning a [...]
Last orders? Pubs ‘won’t stay afloat’ without energy bill help in Spring Budget, hospitality bosses warn February 22, 2023 The hospitality sector has urged that many businesses “wont stay afloat” if the government does not look to provide extra support with soaring energy bills in its upcoming spring budget. “The steep increase in utility costs is having a significant impact on our business, it’s now one of the largest cost to manage,” Simon King [...]
Zalando forced to axe jobs as retailer admits it expanded ‘too much’ February 21, 2023 The German-based group, which sells a range of brands such as adidas and Nike, said it had expanded some parts of its company “too much”.
Shareholder spat at The Restaurant Group hots up as investors demand improvement February 21, 2023 The Restaurant Group (TRG) came under increasing pressure today after its second largest shareholder, Oasis, doubled down on its demands to immediately improve the firm’s struggling share price. Oasis, which has a 6.5 per cent stake in TRG, has argued that the chain needed an “immediate” change of governance because it had “one of the [...]
Lush embroiled in legal battle with former boss over £216.8m share sale February 21, 2023 In response to the claims, Lush, who has over 100 stores in the UK said that its board had "no choice" but to refuse the transfer.
Brits flocked back to hotels in post Covid rebound as Holiday Inn owner’s revenue up 34 per cent February 21, 2023 Holiday Inn owner Intercontinental Hotels Group experienced a strong post-pandemic rebound, with revenues up 34 per cent in 2022 as consumer demand for hotels soared. The group, which has over 50 hotels across London, posted total revenues of $3.bn (£3.22bn) in the year ending December 2022, up 34 per cent from $2.90bn (£2.41bn) in the [...]
Sainsbury’s cuts prices as supermarkets battle to provide cheap food in cost of living crisis February 20, 2023 Sainsbury’s has become the latest British supermarket to try and reduce the price of their products, after it revealed it will launch discount £2 fruit and vegetable boxes. Sainsbury’s said that its ‘Taste Me, Don’t Waste Me’ boxes will include a variety of surplus fresh fruit and vegetables with the boxes being sold at a [...]
Punk IPA will be sold in ‘every corner of China’ following BrewDog Budweiser partnership February 20, 2023 The joint venture will see the Scottish craft beer company sell its most popular brands such as Punk IPA and Elvis Juice across the country from March 2023.
Virgin Media O2 mulls £100m takeover bid for alternative network provider Trooli February 20, 2023 Virgin Media O2 is reportedly eyeing a takeover of Trooli, a Kent-based alternative broadband network provider. Virgin Media O2 is among a “substantial number” of parties exploring offers for Trooli as part of a formal bidding process, Sky News reported. Telecom industry sources told Sky News that the offer was likely to be worth over [...]