Mitchells & Butlers: All Bar One owner toasts soaring sales as costs ease September 28, 2023 All Bar One owner Mitchells & Butlers (M&B) said total group like-for-like sales were up 10.4 per cent on last year, as the bar and restaurant chain sees costs easing. M&B, which also owns Toby Carvery and O’Neill’s, said that food sales on a like-for-like basis grew 8.6 per cent wile drinks sales were up [...]
London tenants rattled by shock order to tear down Greenwich tower blocks September 28, 2023 A shock order from Greenwich Council to demolish two recently built residential towers because they did not have accurate planning permission has rattled the tenants currently living there. On Monday, borough officials announced that the Mast Quay Phase II development, constructed by Comer Homes last year, should be torn down as the finished building looked [...]
Bank of England lays out another round of changes to Solvency II to free up capital September 28, 2023 The Prudential Regulation Authority (PRA) has set out another round of reforms to the Solvency II regime in an attempt to unlock a wave of investment in the UK economy. The UK government set out its plans for a post-Brexit overhaul of the EU’s Solvency II rules in November last year, with a view to [...]
Bad day for the bookies: 888 shares slide after slashes outlook September 28, 2023 Gambling giant 888 has slashed its targets for the year today after a bumper run of results for sporting favourites in September helped bruise its bottom line.
CMA could put Hotpoint-Beko tie-up on ice over competition concerns September 28, 2023 A planned tie-up between the electrical and white goods giants behind Hotpoint and Beko in Europe could reduce choice and increase prices for UK consumers, Britain’s competition watchdog has warned. The Competition and Markets Authority (CMA) said it found competition concerns surrounding Turkish firm Arcelik’s takeover of Whirlpool’s European domestic appliances business. The regulator said [...]
Oil prices rise on US crude draws, tight global supply and Rosebank announcement September 28, 2023 Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies. Brent crude LCOc1 futures climbed 16 cents to $96.71 a barrel by 0001 GMT. U.S. West Texas Intermediate crude futures (WTI) rose [...]
Fintech platform Apron raises £12.2m in latest funding round September 28, 2023 Fintech firm Apron, a payments and accounting platform for small businesses, has raised $15m (£12.2m) in its latest funding round.
Summer slowdown: Car manufacturing turns negative again September 28, 2023 Car production fell by almost 10% in August, following six consecutive months of growth, new figures show. A total of 45,052 models rolled off factory lines, said the Society of Motor Manufacturers and Traders (SMMT). August typically has the fewest number of cars built because of summer shutdowns but last month was affected by extended [...]
Evergrande: Shares suspended with future of China property giant uncertain September 28, 2023 Trading in shares of Evergrande have been suspended with the chairman under police watch and the balance sheet under stress
Who’s in charge anyway? Our sluggish growth happened on Sunak’s watch September 28, 2023 From HS2 to replacing A-levels, Sunak and his ministers are busy pretending the delays, challenges and cost overruns have nothing to do with them, writes Will Cooling.
