Wagamama owner Restaurant Group sees sales rebound as dining returns May 25, 2021 Wagamama owner Restaurant Group said sales were recovering well as Brits dined after the lifting of lockdown restrictions. The group, which has around 350 sites trading since the resumption of indoor dining, said delivery services were much higher before Covid curbs were eased. Some 130 of its Wagamama sites traded at 85 per cent of [...]
Hurricane Energy posts $625m loss as it seeks financial restructuring May 25, 2021 Hurricane Energy has sunk to losses of $625.3m as it undergoes a financial restructuring following a challenging year for the West Shetland operator. The company said the events of the last 12 months, including a writedown in reserves, had caused “upheaval and frustration” and had been “profoundly challenging”. The losses for the year ended 31 [...]
Ted Baker completes bank refinancing as Covid delays results May 25, 2021 Ted Baker today said it has refinanced by extending its revolving credit facility with lenders. Under the new agreement, a facility of £108m maturing in September 2022 and a restricted facility of £25m maturing in January 2022 will be replaced by a new facility of £90m reducing to £80m in January 2022 until maturity in [...]
Soggy sandwich: Food firm Greencore sinks to first-half loss May 25, 2021 Convenience food producer Greencore has sunk to a loss in the first half, but there is “cause for optimism” as people head back to the office. The FTSE 250 firm reported a group loss before tax of £1.8m in the first half of the year down from a group profit of £27.3m a year earlier. [...]
We stayed home, now we have to protect the NHS with structural reforms May 25, 2021 If a single line has permeated every facet of the government’s communications during the Covid-19 pandemic, it has been the cultish imperative to “protect the NHS.” This instruction has been, implicitly or explicitly, the justification for every restriction implemented. By reducing transmission, we would prevent the NHS from being overwhelmed by patients with coronavirus and [...]
The City View: Accenture Interactive’s Pritesh Gadhia and Salamanca’s Lord Triesman May 25, 2021 A rare bumper episode of the City View sees two fantastic interviews, with Accenture Interactive boss Pritesh Gadhia and crossbench peer Lord Triesman. Speaking to City A.M.’s Andy Silvester, Pritesh offers his views on the workforce of the future, the role of digital transformation in major corporates, and what businesses can do to futureproof themselves [...]
Belarus’ act of aviation piracy and kidnapping proves the obvious: anyone can bully the EU May 25, 2021 Yesterday, within about five minutes of one another, both my partner and a colleague drolly made the same comment: “I know Ryanair is tough about customer service, but I didn’t realise you had to pay extra to avoid being kidnapped.” There were, of course, referring to the dreadful act of piracy that occurred over the [...]
Tech group Smiths wires new CEO from the US May 25, 2021 Technology group Smiths has hired a new chief executive officer who will relocate to the UK from the US in a “mutually agreed” exchanging of the helm today. Starting with immediate effect, incoming CEO Paul Keel formerly worked with US industry giant 3M for 16 years where he led a number of businesses, including its [...]
Big Yellow ups storage space across London with solid revenue growth May 25, 2021 Self-storage space provider Big Yellow has branched out across London, with two new stores and four development sites, as the pandemic ramped up demand. Three new stores opened in the year to 31 March 2021 in Camberwell and Battersea and have also bought four new development sites in Wapping, Staines, Epsom, and Kentish Town which [...]
Financial services industry is one of the UK’s biggest contributors to climate change May 25, 2021 Financial institutions are under fire for not doing enough to tackle climate change in the UK, despite the recent focus on green financing. UK banks and asset managers were responsible for financing 805m tonnes of carbon in 2019, equivalent to 1.8 times the annual net emissions of the UK as a whole. The research by [...]
