Posh pub group Upham brews £12m listing on AIM after success in Home Counties pubs and craft beer April 25, 2016 Posh pub owner and craft beer brewer Upham Group is set to join the champagne set as it announced plans to float on the AIM. Upham, which runs 15 "high quality" pubs in Hampshire, Berkshire and Surrey, said it hopes to raise £12m with the listing. It opened four new pubs in the past year and [...]
Warnings over number of interest-only mortgages maturing in 2016 as wave hits April 25, 2016 Up to 20,000 interest-only mortgage holders across the country could be without plans to repay their home loans when they mature this year. As many as 40,000 interest-only mortgages are set to be called in during 2016, kicking off a new wave of maturities expected to run until 2020. The high level of mortgages reaching maturity has sparked [...]
Entrepreneur Luke Johnson and Casual Dining Group said to be bidding for Tesco-owned restaurant chain Giraffe April 24, 2016 Friendly-dining restaurant chain Giraffe has piqued the interest of serial entrepreneur Luke Johnson and the hospitality giant behind Bella Italia and Las Iguanas. Casual Dining Group, which also owns Cafe Rouge, could be set to lock horns with Johnson in the race to buy the Tesco-owned restaurant chain, reported the Sunday Times. Tesco announced it was [...]
Incredible shrinking toilet paper: The six products you’re getting less of, but are not getting cheaper April 20, 2016 When you're spending a penny, you're being short changed, it turns out. One brands' toilet rolls have been quietly shortened, but you're still paying the same price, and it's just one of several products where you're now getting less bang for your buck – and may even pay more for less – according to research from consumer [...]
Health retailer The Hut hails landmark year as earnings soar following a rise in overseas expansion April 19, 2016 Online health and beauty retailer The Hut Group, whose company tagline is "Attention to retail", has posted a rise in underlying earnings of 33 per cent to £30m in 2015. International sales soared to £167m, up 46 per cent after growing its international business and now accounts for more than 50 per cent of the groups sales. The group, backed by ex-Marks [...]
Tesco is going deeper into the mortgage market April 19, 2016 Another surefire sign UK house price madness isn't showing any signs of abating: now Tesco wants a bigger slice of the pie. Or that's the suggestion from a statement this morning, in which the supermarket said its banking arm (the snappily-titled Tesco Bank) is launching its own mortgage intermediary service – called, you guessed it, Tesco Mortgage Intermediaries. The [...]
CNBC International targets business thirst for news from China as bullish boss backs network to succeed in multiplatform media world April 14, 2016 China's economy may have been an area of concern for many in the business world so far this year. But for CNBC, the US-founded international business news broadcaster, it represents an opportunity. The international business community's "thirst" for news from China is growing. And CNBC wants to be there to provide it – despite the political challenges of working in the country. [...]
With Tesco’s profits up but facing an “uncertain market”, has Dave Lewis saved the supermarket? April 14, 2016 John Ibbotson, director of retail consultancy Retail Vision, says Yes. Yesterday’s fall in Tesco’s share price should be taken with a Value sack of salt. Chief executive Dave Lewis is achieving an extraordinary feat, turning around an oil tanker in a very tight spot. With Tesco hemmed in by ruthless competition and food price deflation, it’s [...]
At the close: FTSE pushed higher by banks and miners, as Tesco and Premier Foods fall April 13, 2016 Banks and miners moved the FTSE 100 higher today as data from China reassured investors over growth in the world’s second largest economy, adding more than 100 points to the index’s rise. The FTSE 100 ended the day at its highest for four months at 6,362.89 points, up 120.50 points, or 1.9 per cent. Tesco shed [...]
Stocks surge on strong Chinese trade figures, while Tesco’s return to profit proves every little doesn’t help April 13, 2016 Strong trade data from China was enough to offset disappointing results from Tesco this morning and push UK stocks to their highest level of the year. Gobal shares rallied on the latest sign that the process of rebalacing in the world’s second largest economy is on course. Exports from China jumped by 11.5 per cent in March in dollar terms [...]