Private equity firm Polaris divests from SSG Group to BELFOR May 25, 2022 Private equity investor Polaris has divested its majority shareholding in the SSG Group to BELFOR. The Nordic company will put its resources in BELFOR, which has more than 11,000 employees, and works on damage assessment and reconstruction. Polaris worked with SSG to strengthen its position through acquisitions in Denmark and Sweden, with Rune Lillie Gornitzka, [...]
Severn Trent pledges more support for households as it battles sewer spillages May 25, 2022 Water supply company Severn Trent has enjoyed a spike in group turnover this year, as consumption returns to pre-pandemic levels.
Pets At Home: Owners continue to pamper their pooches despite price hikes May 25, 2022 Pets At Home seem to have braved the doggy dog world of inflation, with the retailer announcing market share wins this morning after revealing customers are spending more than ever on their furry friends.
UK economy is ‘grinding to a halt’ amid cost of living crisis May 25, 2022 The UK economy is “grinding to a halt” as a tightening cost of living squeeze sends a chill through private sector activity, reveals a closely watched survey. Households are cutting spending in response to rampant inflation eroding their budgets, weighing heavily on the UK’s services sector, the country’s economic engine. Activity among services firms dropped [...]
Property passports: Calls for compliance tracking rise to combat cowboy landlords May 25, 2022 Two property associations have urged for better tracking of safety regulations today, in a bid to clampdown on cowboy landlords and unsafe housing. The Lettings Industry Council (TLIC) has called for Unique Property Reference Numbers (UPRN) to be embedded within the upcoming Renter’s Reform Bill, so that property safety records can be grouped within a portal [...]
Government approves £4.25bn sale of Chelsea May 25, 2022 The government has given its approval to a £4.25bn takeover of Chelsea by a US consortium, concluding a two month saga at the West London club.
IT firm Softcat continues double-digit growth as cyber security demand swells May 25, 2022 IT provider Softcat said it has delivered double-digit year-on-year growth in revenue, gross profit and operating profit in the third quarter of this year.
Bakkavor chugs ahead with revenue growth despite China curbs May 25, 2022 Fresh prepared food maker Bakkavor has chugged ahead with revenue growth, despite local Covid-19 restrictions in China significantly hitting the business. The London-headquartered producer reported a revenue of £485.4m in the three months to 26 March, up 11 per cent in comparison with the same period last year. China’s so-called ‘zero-Covid’ stance on the virus [...]
SSE teases mega investment plans to fight off prospect of a windfall tax May 25, 2022 Energy giant SSE has reported a 15 per cent boost in profits and a 23 per cent rise in earnings per share, driven by record investment this year.
Hollywood Bowl launches international expansion as it strikes a record revenue May 25, 2022 Hollywood Bowl, the UK’s largest ten-pi bowling operator, has more than bounced back after its pandemic closures, with its revenue exceeding pre-pandemic levels by over a third. The London-listed leisure business snagged a little over £100m in revenue in the six months to 31 March – a new record for the company – and up [...]
