Leon: Restaurant chain’s loss-making streak continues amid Asda takeover September 30, 2024 Restaurant chain Leon lost almost £20m in the year it was sold by the billionaire Issa brothers to Asda, it has been revealed. The company had been purchased by the brothers’ Lancashire-based EG Group in 2021 before most of the group’s UK operations were sold to the supermarket giant for £2bn in October 2023. At [...]
Train drivers accept £9K pay deal to end two years of UK rail strikes September 18, 2024 Train drivers on Wednesday voted to accept a new pay deal, bringing to an end a two-year industrial dispute over pay and conditions.
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. [...]
Carlton Club: A year of ‘successes and challenges’ for London private members’ club September 13, 2024 The Carlton Club has described facing both “successes and challenges” in its latest financial year as it battled high inflation, rising energy costs, train strikes and wage increases. The private members’ club said “unwelcome challenges” impacted its financial performance in 2023 but that it still managed to increase its surplus before tax by almost £200,000. [...]
Trainline: FTSE 250 firm hikes guidance as impact of UK rail strikes falls September 12, 2024 The FTSE 250 online retailer raked in just over £3bn in sales in the six months ended August 31, up 14 per cent year-on-year.
Trainline’s future in focus as Labour plots rail reform September 8, 2024 Trainline investors have been concerned the new Labour government wide-reaching rail reforms could hit the bottom line.
Mobico shares jump as National Express owner reports surge in profit August 21, 2024 The FTSE 250 transport operator, formerly National Express, confirmed the sale of its struggling North American unit is underway.
Aslef: Rail strikes called amid ‘toxic situation’ in dispute with LNER August 17, 2024 Aslef’s lead negotiator has said the union is putting “members first” in a “toxic situation” after announcing a fresh series of strikes. Train drivers working for LNER – which runs the passenger service on the East Coast main line between London and Edinburgh – will walk out on weekends from the end of August in [...]
More rail strikes coming: Aslef accuses LNER of ‘bullying’ and breaking agreements August 16, 2024 The Aslef train drivers union has called for industrial action every weekend until November, citing a “breakdown” in relations with the LNER train company. In an announcement this morning, the leader of the union said the company’s “continued failure” to sort out long-standing issues had “forced us into this position.” Drivers on the east coast [...]
Strikes: Government confirms it will scrap ‘spiteful’ minimum service levels August 6, 2024 The Minimum Services Act was introduced in 2023 in the midst of an unprecedented wave of strikes across the UK.