Struggling British chip shops beg Norway for more fish as prices are out of control due to Ukraine war June 6, 2022 British chip shops faced with surging costs plan to turn to Scandinavia and Norway in particular for help to keep prices “as under control as possible”. Chippies are battling rising energy bills along with increased costs of cooking oil, potatoes and fish due to Russia’s invasion of Ukraine. The president of the National Federation of [...]
Eve Sleep hunting for new owner as mattress giant is in need of fresh cash June 6, 2022 Online mattress seller Eve Sleep said this morning it is hunting for a new owner after telling shareholders it needs new investment to expand. The company said it is looking for a new owner or at least a major investor to help fund the push into the “wider sleep wellness space”. Eve had been speaking [...]
Goals Soccer Centres set to be sold to management by Inflexion Private Equity June 5, 2022 Football leisure giant Goals Soccer Centres is set to be sold to its management team by the private equity investor, Inflexion Private Equity.
City veteran John Allan prepares to step down as Barratt chair June 4, 2022 Titan housebuilder Barratt is planning to begin a search for a new chairman, with City grandee John Allan to step down. According to reports by Sky News, Allan, who also chairs the country’s largest supermarket, Tesco, is readying to hand over the reins of the construction giant. Barratt has reportedly asked headhunters at Russell Reynolds [...]
Pint at London pub surges past £8 price amid sky-high inflation June 4, 2022 The average price of a pint has surpassed £8 at one London pub, for the first time, as historic levels of inflation have forced landlords to up prices across the country. The price tag of a drink has soared over 70 per cent since the financial crisis of 2008, according to data from insights firm [...]
Jubilee high street boom risks being upended by cost of living crisis June 3, 2022 The Jubilee fervour driving shoppers back to bricks-and-mortar stores is “fragile” and could be upended by the cost-of-living crisis, experts have warned. According to figures released by the British Retail Consortium (BRC), visitor numbers inched up 0.6% between April and May, but are down 12.5% since 2019. However, this is ahead of Italy, France and [...]
Playtech’s billionaire founder to sell Camden Market estate for £1.5bn June 3, 2022 Popular tourist destination Camden Market is reportedly undergoing a quiet sale process, which could fetch its billionaire owner around £1.3bn. While Israeli magnate and Playtech founder Teddy Sagi is hoping to bag £1.5bn for the 16-acre estate – which includes three markets – he has not put a firm price tag on the deal, the [...]
Richest in Japan: Uniqlo founder’s wealth collapses by 44 per cent since start of the year June 2, 2022 The billionaire founder of high street fashion brand Uniqlo has lost nearly half of his wealth since the beginning of the year. The staggering 44 per cent loss, revealed yesterday in Forbes’ list of the 50 richest people in Japan, has been spurred by a sales slowdown in Japan and China, which has hit Uniqlo [...]
Dr Martens posts kicker revenue despite price rises and supply concerns June 1, 2022 Shares are up over 25 per cent this morning for Dr Martens after the iconic boot maker posted a strong performance in Americas and EMEA, with reported revenue up 29 per cent and 19 per cent respectively for the full year.
Analysts trim target price at Parsley Box as ready meal firm cuts losses June 1, 2022 Analysts have cut their expectations of ready meal business Parsley Box, despite the firm trimming its losses. Parsley Box’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) is around 10 per cent better than management expectations for the five months to 31 May, the company said in a statement today. Losses have been cut [...]
