Just Eat share price rockets after upgrading full year guidance May 3, 2016 Just Eat has issued new full-year guidance on earnings – and investors are lapping it up. Shares in the takeaway ordering firm rocketed more than seven per cent in early trading after upping its revenue forecasts for the year by £8m and earnings before interest, tax, depreciation and amortisation (Ebitda) by £4m, all thanks to an increase on [...]
Conviviality to soak up wine wholesaler Bibendum May 3, 2016 Alcohol group Conviviality is to buy wine distributor and wholesaler Bibendum in a deal that worth £60m, which will be part-funded through a share issue. The Aim-listed business is looking to raise £32m through issuing shares at 205p each, with a further £10m being drawn from its banking facilities. Bibendum, which supplies wine, beer and spirits to around 4,000 restaurants, pubs [...]
New Builds: From Notting Hill to Battersea, here are the hottest new developments on the market this week April 29, 2016 Alto, Wembley From £715,000 High rise apartments have gone on sale at Alto, a development by Keystone and Quintain, which is part of the 83-acre regeneration of Wembley Park. The two and three bedroom apartments sit in the Pienna building, the 19-storey ‘crowning glory’ of the scheme designed by Flanagan Lawrence Architects, which worked on [...]
In pictures: The world’s tallest tower has just been unveiled – and it’s going to be in Dubai again April 28, 2016 If you thought the Burj Khalifa was big, prepare yourselves for a new tower that will leave the Dubai landmark in its shadow. Developer Emaar Properties has just unveiled a rival to snatch the title as the world's tallest tower. No final decision has been taken on how tall the Tower will be, but it will be [...]
Profit at Spanish banking giant Santander drops five per cent in the first quarter on currency headwinds April 27, 2016 The eurozone's largest bank and the UK challenger Banco Santander, has posted a 4.9 per cent fall in first-quarter net profit from a year earlier. Santander reported net profit of €1.63bn (£1.84bn), beating a Reuters analyst poll of a 12.5 per cent decline. The drop was put down to currency headwinds as a fall in the value of the Brazilian [...]
Hilton checks in double profits in the first quarter thanks to tax benefits and higher rooms rates April 27, 2016 US hotel group Hilton has reported a sharp increase of 42 per cent in like-for-like earnings per share compared to 2015 in its first quarter. Profit rose to $309m (£212m) – up from $150m in the same period in previous year – thanks to tax benefits and higher rooms rates. Hilton earned 17 cents per [...]
Kojawan restaurant at the Hilton Metropole is like a retro-futuristic art gallery in the sky April 26, 2016 Andrew Baggs overcomes a fear of high restaurants to thoroughly enjoy this Asian fusion izakaya Food | ★★★★☆ | Value ★★★★☆ | Vibe ★★★★☆ | Hilton Metropole, 225 Edgware Rd, W2 1JU Tel: 020 8088 0111 | Cost for two with wine: £140 I have, over the years, learnt to read the restaurant warning signs. There is an inverse relationship between [...]
Whitbread’s expansion drive continues as Costa Coffee and Premier Inn sales jump April 26, 2016 Costa Coffee and Premier Inn owner Whitbread has promised more expansion is on the way for the food, beverage and hotel chain as it posted improved profits in its full year results out this morning. Investors had clearly had their morning dose of caffeine as they bought up Whitbread with vigour on Tuesday morning, sending it up 2.97 per [...]
Pizza chain Zizzi to cut staff perks in wake of the National Living Wage April 25, 2016 Zizzi's staff have had their perks cut as the National Living Wage puts a strain on the business. The private-equity owned restaurant chain has become the latest business to respond to changes in the minimum wage. Waiting staff have had their free meal choices limited while a cap has been imposed on how much they can earn from [...]
This exceptional house has come up for sale by The Solent with its own jetty and waterside cabin April 25, 2016 Calling all sailors to one of the most exceptional contemporary homes on the market, on one of the most sought after roads overlooking The Solent. River House is a remarkably modern home with lots of flexible space and promising outbuildings in the popular harbour village of Itchenor. And it’s only an hour and half away [...]