Tortilla Mexican Grill: Revenues surge by over a fifth after expansion July 17, 2023 Tortilla Mexican Grill raked in revenues of £32.7m during the first leg of the year, up 22 per cent compared to the same period last year, off the back of a string of new site openings. The fast-casual restaurant chain was bolstered by new openings and growing demand, saying like for like revenue also grew [...]
Black Sea grain deal to expire Monday if Russia quits July 17, 2023 A pact that has allowed the safe Black Sea export of grain from Ukraine for the past year will expire at the end of Monday.
South East Water: Heatwave last year caused £74m loss as industry debts rise July 17, 2023 South East Water posted hefty losses last year, worsened by a record-breaking heatwave which has racked up costs for sourcing new supplies.
Royal Mail scoops five year deal for delivery of passports, visas and travel docs July 17, 2023 Royal Mail has won a five-year contract for the collection and delivery of passports and supporting documents including UK Visas and Immigration (UKVI) travel documents. The contract also includes the delivery of internal mail between HM Passport Office offices and other Government offices. Royal Mail will also be working with the General Register Office on [...]
Sofa so good! DFS reaches record market share as it navigates cost of living crisis July 17, 2023 DFS recorded a four per cent decline in gross sales compared to last year as the sofa giant warns of “significantly worse” market activity during the cost of living crisis. The news comes as earlier this year DFS downgraded its profit expectations to between £30m and £35m, slashing it by nearly half on the £60.3m [...]
Oil prices slide as weak economy data in China fuels demand concerns July 17, 2023 Oil prices have dipped after sluggish growth figures from China renewed concerns about demand in the second half of the year.
Gresham House to be taken private in £470m deal with US-based Searchlight Capital July 17, 2023 Gresham House will become the latest UK-listed firm to be taken private after agreeing a £470m deal with US-based private equity company Searchlight Capital. Shareholders in the AIM-listed fund manager, which invests in assets such as forestry and solar farms, will receive 1,105p per share, a premium of 63 per cent to its closing price [...]
Microsoft pens agreement to keep Call of Duty on Playstation after Activision mega-deal July 17, 2023 Microsoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a tweet. A deal to keep Call of Duty on Playstation could further ease concerns surrounding the acquisition’s impact on competition. Speaking on the agreement, Microsoft President Brad Smith said in a tweet, “Even after we cross the finish line [...]
Entain: Ladbrokes owner snaps up US analytics firm for £81m as it continues on deal spree July 17, 2023 Ladbrokes owner Entain has snapped up a US sports pricing and analytics firm for £81m, as it continues on its recent acquisition spree. The betting giant said that on top of the millions it’s splashed on Angstrom Sports, it will also pay contingent payments over the next three years – meaning future payments of £122m are promised to the seller upon [...]
Trustpilot flies in former Just Eat exec who took it into FTSE 100 as its new CEO July 17, 2023 Trustpilot has appointed Adrian Blair as its new chief executive, replacing founder and CEO Peter Holten Mühlmann. Blair will join from Cera, the digital health company, where he was chief business officer. In this role he was responsible for engineering and data at the firm. Before Cera, Blair was chief executive at accounting automation platform [...]
