‘Nothing but blue skies’: Today could be the hottest day of the year so far May 31, 2021 Today’s Bank Holiday could be the hottest day of the year so far, with temperatures predicted to hit 25C in parts of the UK. Becky Mitchell, a meteorologist from the Met Office, said the mercury could reach 25C today – surpassing the high for 2021 so far, which was set on March 30 at Kew [...]
Clucky escape: Nando’s avoids £300m debt default May 30, 2021 Lenders have given Nando’s some breathing space to avoid it defaulting on a £300m debt pile after being hit hard by pandemic-led restrictions. Banks including NatWest, Barclays and Santander have agreed to waive the testing of loan covenants in May, the Telegraph first reported, a move that helped Nando’s avoid defaulting. Covid restrictions have seen [...]
Bank holiday: Pubs predict 21m fewer pints sold and £80m in lost sales May 28, 2021 Bank holiday: Pubs predict 21m fewer pints sold and £80m in lost revenue
Grocery sales: Ocado on top as supermarkets snag 58m more visits as UK exited lockdown May 25, 2021 As the UK’s vaccination programme pushes on, supermarkets have enjoyed 58m more shopping visits in the first quarter of this year than last year, according to industry data released today. Supermarkets actually had more visits in the 12 weeks to 16 May, than when panic buying gripped shoppers at the start of the pandemic, market [...]
Full reopening key for West End landlord Shaftesbury after its £338m loss over winter lockdown May 25, 2021 West End landlord Shaftesbury banking on a summer revival after its £338m loss over winter lockdown
Listed law firm DWF announces two acquisitions as trading beats expectations May 25, 2021 City law firm DWF has resumed M&A activity, acquiring two businesses after a strong year of trading amid the pandemic. The listed firm this morning announced it had acquired compliance training business Zing 365 Holdings for £1.8m, as well as reaching an agreement to acquire BCA Claims & Consulting. DWF said completion of the £2.2m [...]
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 [...]
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 [...]
Retirement villages may offer high streets their needed post-pandemic revival May 24, 2021 Retirement village provider Audley Group and BlackRock Real Assets have embarked on a £500m joint venture into the retirement living sector in the UK, which could bring high streets the much-needed footfall for post-pandemic revival. The joint venture, confirmed yesterday, will fund the development of at least three retirement communities, which will be ready for [...]
TGI Fridays to float its 87 restaurants on London Stock Exchange this year May 21, 2021 The owner of TGI Fridays has revealed plans to float the restaurant chain on the London stock market. Electra Private Equity, which has owned the casual dining brand since 2014, said it plans to float it on the FTSE main market in the third quarter of this year. The owner told investors today that it [...]