SSP Group: Upper Crust owner reports ‘significant increase’ in profitability October 3, 2024 The travel food specialist behind Upper Crust SSP Group has reported a boost in revenue, with UK sales supported by demand for air travel and easing rail disruptions. Revenue grew by 17 per cent for the year to 30 September, with full-year operating profit expected to be £210 to £220m, up around 30 per cent [...]
The Capitalist: Tory Conference; sex in the City; matters of quizness October 3, 2024 Dispatches from Tory Party Conference, recruitment turns steamy and more: catch up on the latest City gossip in The Capitalist.
Is the UK rail industry getting back on track? October 2, 2024 With no more strike action and reform well-underway, the signs are looking positive of the UK's railway industry.
City minister battles for UK to issue blockchain gilts October 2, 2024 City minister Tulip Siddiq is pushing for the UK to begin issuing gilts on the blockchain, despite resistance from other areas of the government. ‘Digital gilts’ would be a government bond issued and traded using blockchain technology, and Siddiq has been fighting for the prospect to modernise the UK financial system. “The underlying asset would [...]
Police holiday delaying Hill return to rugby, says Sale boss October 2, 2024 Sale Sharks boss Alex Sanderson has revealed his frustration that England lock Jonny Hill’s return to the team is being held up by police officers being on holiday. Hill remains the subject of an investigation more than four months after he had an altercation with a Bath fan following last season’s Premiership semi-final in June. [...]
All you missed in the Tory leadership speeches: Badenoch dubbed ‘arrogant’, Cleverly wants party to be ‘normal’ October 2, 2024 Tory leadership candidate James Cleverly has urged his party to “be more normal” and take inspiration from US president Ronald Reagan. Making his leadership campaign speech at the annual Conservative Party conference in Birmingham, Cleverly opened his address from behind a lectern with an apology to the public. The former home and foreign secretary said: [...]
Office Depot owner loses over £50m ahead of quitting UK thanks to working from home trend October 2, 2024 OT Group, the owner of Office Depot and the Spicers wholesale brand, lost more than £50m in the year before it revealed plans to quit the UK. The Greater Manchester-headquartered group has posted a pre-tax loss of £52.5m for 2023, having also lost £15.8m in 2022. Newly-filed accounts with Companies House also reveal that turnover [...]
Bumper pay day for ‘Chicken King’ Boparan October 2, 2024 Ranjit Singh Boparan, the so-called ‘Chicken King’, received a bumper pay day after profit at his private office jumped to almost £125m. Boparan’s private office includes high street restaurant brands like Carluccio’s and Gourmet Burger Kitchen as well as Bernard Matthews, Banham Poultry and Elkes Biscuits. Newly-filed accounts with Companies House have revealed that the [...]
Smiths News: Distributor’s revenue ticks up after Euros boost October 2, 2024 Leading UK newspaper distributor Smiths News has reported a “resilient” trading performance despite the long-term decline of demand for newspapers. Revenue at the company grew by 1.1 per cent in the 53 weeks to 31 August. The full-year result was despite a revenue drop of two per cent in the first half of the year. Its [...]
Ahead of the Game: Yorkshire land financial boost from Castore deal October 2, 2024 Yorkshire have agreed a multi-million pound kit deal with Castore in a major boost for the cash-strapped county. The five-year contract is the first significant commercial deal brought to the club since their leadership was overhauled following the return of Colin Graves as chairman in February. Graves has yet to secure the £4m outside investment [...]