UK nightlife and hospitality ‘teetering on brink’ of collapse as government intervention urged January 17, 2024 The UK’s hospitality and nightlife sector is “teetering on the brink” of collapse, industry voices have warned, after a number of high profile closures have piled pressure on the government to provide more support. Less than a month into the new year, it has been reported that up to 43 hospitality venues across Britain face [...]
JD Sports defends board member and former Amazon director despite shareholder worries about ‘poor attendance’ January 17, 2024 JD Sports has said it is satisfied with the performance of a former Amazon director to its board, after shareholders voiced concerns about their “perceived” poor attendance.
Mitchells and Butler: All Bar One owner lifts guidance as cost pressures ease January 17, 2024 All Bar One owner Mitchells and Butler (M&B) expects profits to be at the top end of forecasts as it cautiously cheered an end to tough cost pressures. The no-frills pub chain, which also owns Toby Carvery, said that like-for-like sales were up 7.7 per cent in the two months to January, over the Christmas [...]
888 shares dive as gambling red tape causes bookie revenue to tumble January 17, 2024 William Hill owner 888 has said a move away from dotcom markets and increased gambling red tape caused a drop in revenues in 2023.
Mulberry blames tourist tax and slowdown in luxury demand for falling sales January 17, 2024 British fashion house Mulberry has blamed a slowdown in demand for luxury spending for a nine per cent decline in sales over the golden quarter.
Seat Unique: Meet the premium ticketing company riding the ‘funflation’ wave January 17, 2024 Robin Sherry, the founder and chief executive of premium tickets provider Seat Unique, says the experience economy is booming.
Superdry drafts in PwC to help with debt after profit warning and sales slump January 16, 2024 Superdry has drafted in advisors to help explore its debt-raising options, following a profit-warning posted last month by the firm.
New year hangover for Diageo’s boss as expectations lowered again January 16, 2024 Diageo is continuing to feel the fall out from last year’s profit warning and a weakening demand for premium spirits, as analysts slashed expectations for the Guinness maker. The FTSE 100 firm, which also makes Smirnoff vodka and Captain Morgan rum, has around £29bn wiped off its market cap value over the past year amid [...]
Pringles’ popularity helps Kellogg’s UK sales pass £1bn January 16, 2024 The continued popularity of Pringles crisps helped Kellogg's UK sales pass the £1bn mark, new documents have revealed.
TGI Fridays owner posts flat earnings as Christmas holidays boost revenue amid cost-cutting drive January 16, 2024 Owner of chain restaurant TGI Friday’s said revenues were flat during the second half of the year, amid a cost cutting drive for the group.
