Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]
Dishoom creates hundreds of jobs and serves up record sales September 30, 2024 Dishoom created almost 300 jobs as its sales surged past the £100m mark during its latest financial year, it has been revealed. The London-headquartered restaurant chain has posted a turnover of £116.8m for 2023, according to newly-filed accounts with Companies House. The latest figure comes after Dishoom reported a turnover of £94.9m for the previous [...]
A ‘disappointed’ REA withdraws Rightmove offer after four rejected bids September 30, 2024 REA has withdrawn its possible offer for Rightmove after four bids were rejected by the property platform. “The potential acquisition of Rightmove was dependent on coming to an agreement at a fair price, which would have required meaningful engagement and a constructive dialogue,” REA said. REA’s chief executive Owen Wilson added that the company was [...]
How private equity swallowed up the UK – and why it’s unsettling regulators September 30, 2024 Private equity has been buying more and more of the UK over the past decade, with thousands of listed or private businesses now snapped up by buyout funds and venture capital investors. Iconic British businesses like Morrisons, Pret A Manger and Asda have been swallowed up by private capital, with deals like the takeover of [...]
Tory conference: What to expect from Birmingham and why does it matter? September 30, 2024 Battling through delayed and cancelled trains from London’s Euston, this weekend saw Tory and Westminster watchers embark on the journey to the Midlands. Rattling around the maze-like International Convention Centre (ICC), the party faithful are gathering for an event that promises to be a combination of a wake, for the past 14 years in government; [...]
Gofundme: Brits open wallets to bankroll small businesses September 30, 2024 If there’s one thing Britain’s entrepreneurial ecosystem has figured out, it’s how to leverage the power of community.
Adzuna: UK job-seekers face toughest market in three years September 30, 2024 Tony Wilson, director at the Institute for Employment Studies, said the figures would be a "bit disappointing" for those who had been looking for "greener shoots" in the labour market.
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
IW Capital reveals £30m growth fund for small businesses September 30, 2024 A new growth fund by IW Capital will see tens of millions of pounds invested into UK small and medium-sized enterprises (SMEs).
Guinness World Records to open London leisure venue September 30, 2024 Guinness World Records' central London competitive socialising venue is expected to welcome nearly 11,000 visitors every month.