Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup September 13, 2018 For many restaurant owners there is nothing worse than a bad food review. Yet one Chinese hotpot outlet is proving that the consequences of a bad dish can be much more severe, after a dead rat in a pregnant customer’s soup has wiped $190m (£145m) off of the chain’s market value. Stock in China’s fast food [...]
Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup September 13, 2018 For many restaurant owners there is nothing worse than a bad food review. Yet one Chinese hotpot outlet is proving that the consequences of a bad dish can be much more severe, after a dead rat in a pregnant customer’s soup has wiped $190m (£145m) off of the chain’s market value. Stock in China’s fast food [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
Spirits in the sky: JD Wetherspoon axes Jägermeister and French brandy in post-Brexit plan September 12, 2018 JD Wetherspoon is ditching European spirits such as Jägermeister for non-EU equivalents in a bid to lower prices across its 880 UK pubs. Replacing the ousted continental brands, which also include French brandies Courvoisier VS and Hennessy Fine de Cognac, will be US drink E&J Brandy, Australia’s Black Bottle and Strika, a herbal liqueur produced [...]
Spirits in the sky: JD Wetherspoon axes Jägermeister and French brandy in post-Brexit plan September 12, 2018 JD Wetherspoon is ditching European spirits such as Jägermeister for non-EU equivalents in a bid to lower prices across its 880 UK pubs. Replacing the ousted continental brands, which also include French brandies Courvoisier VS and Hennessy Fine de Cognac, will be US drink E&J Brandy, Australia’s Black Bottle and Strika, a herbal liqueur produced [...]
Mike Ashley survives Sports Direct AGM showdown as shareholders approve re-election September 12, 2018 Sports Direct owner Mike Ashley has survived a potential shareholder backlash in the retailer’s annual general meeting (AGM) today. Roughly ten per cent of investors voted against the re-election of billionaire Ashley, who reportedly did attend the AGM after previously saying he was too busy to take part. However, Sports Direct chairman Keith Hellawell resigned hours [...]
Sports Direct AGM: Board ‘mulled Debenhams and House of Fraser merger’ September 12, 2018 Merger plans for department store chains House of Fraser and Debenhams have been discussed by the Sports Direct board a director revealed today. Talks about combining the two major high street retailers come a month after Mike Ashley, who owns nearly 30 per cent of Debenhams, snapped up House of Fraser, announcing that he wanted to turn the [...]
Profits bounce back at Galliford Try but bypass woes loom September 12, 2018 Galliford Try’s profits soared 145 per cent in the last 12 months, in a sign that the construction group is recovering from a series of setbacks it suffered earlier in the year. Pre-tax profits jumped from £58.7m to £143.7m in the year leading up to the end of June 2018, pushing Galliford’s share price up [...]
Remortgaging surges in July as homeowners pre-empt interest rate rise September 12, 2018 The number of homeowners remortgaging their houses spiked to its highest level in more than a decade in July, amid a rush to lock in fixed-rate mortgage deals leading up to the latest Bank of England rate rise. Roughly 46,900 new homeowner remortgages were completed in July, rising 23.1 per cent compared with the same [...]
