TGI Fridays UK collapses into administration as all restaurants put up for sale September 18, 2024 The company behind TGI Fridays restaurants in the UK has collapsed into administration as it attempts to see all its 87 sites across the country. London-listed Hostmore has appointed administrators from Teneo to oversee the process after plans to buy the US restaurant chain collapsed earlier this month. The business said it hopes to sell [...]
Carex, Imperial Leather and Original Source maker PZ Cussons slumps into the red after Nigerian Naira collapse September 18, 2024 Shares in PZ Cussons, the company behind the likes of Carex, Imperial Leather and Original Source, have been cut after the business revealed how a 70 per cent slash to the Nigerian Naira has impacted its finances. The Manchester-headquartered firm, which is listed on the London Stock Exchange, has reported a revenue of £527.9m for [...]
City A.M. marks 20th year with rebrand and weekly London Standard partnership September 18, 2024 City A.M. is embarking on its 20th year of existence with a fresh rebrand and an exciting new partnership with the now weekly London Standard. 70,000 copies of City A.M.’s re-branded print edition will be available from 6am Monday – Thursday, alongside the new weekly edition of the Evening Standard, now called The London Standard. [...]
Far East sales sparkle at diamond jeweller and luxury watchmaker Graff September 18, 2024 A surge in Far East sales more than offset a decline in US revenue at diamond jeweller and luxury watchmaker Graff during its latest financial year, it has been revealed. The London-headquartered business has reported a revenue of $842.2m (£637.5m) for 2023, up from the $724.8m (£523.6m) it posted for 2022, newly-filed accounts with Companies [...]
Strix: Kettle safety manufacturer looks for growth in key markets September 18, 2024 Strix saw a jump in revenue during the first half of the year as the kettle manufacturer looks to position itself for continued growth opportunities.
Footasylum: New flagship Oxford Street store helps profit more than double September 18, 2024 Pre-tax profit more than doubled at footwear and sportswear retailer Footasylum during its latest financial year. The Greater Manchester-headquartered company has reported a profit of £6m for the year to 27 January, 2024 , up from the £2.8m it posted for the prior 12 months. During the year Footasylum opened a flagship 20,000 sq ft Oxford Street [...]
Is this Peckham pub serving Britain’s best burger? September 18, 2024 My local pub serves Britain’s best burger – I have mixed feelings about this. On the one hand I support The Montpelier on Choumert Road in all its endeavours, just as it has supported me through celebrations, hangovers, breast-feeding emergencies and excruciating family lunches. But I’m not sure I want it to become famous for [...]
Xaar: Printing giant slips further into the red on ‘continued decline’ of legacy ceramics September 18, 2024 Printing technology group Xaar has widened its loss after the company continued to struggle with the “continued decline” of the legacy ceramics market, it said today. The London-listed company, which is headquartered in Cambridge, saw its revenue drop to £28.6m in the six months ending June 30, 2024, down from £34.6m in the same period [...]
LAD Bible owner LBG Media swings to profit as audience hits record high September 18, 2024 LAD Bible owner LBG Media has swung to a profit and posted as its global audience nears 500m, sending shares up over seven per cent at the opening bell on Wednesday. The London-listed digital entertainment company recorded a profit of £7.1m in the first half of 2024, turning around from losses of £1.2m in the [...]
Fortune publishes inaugural LGBTQ+ leaders list featuring six UK executives September 18, 2024 António Simões, boss at Legal & General, was the highest ranking business leader among UK executives, coming seventh on the overall list.