Cocktail of costs: Two thirds of hospitality businesses not turning a profit June 28, 2022 Just over one third of hospitality businesses in the UK are currently turning a profit amid a cocktail of hefty cost increases. Only 37 per cent of restaurant and bar firms are profitable, according to figures from industry bodies the British Beer and Pub Association, British Institute of Innkeeping and UKHospitality. Bosses pointed to sky-high [...]
Telegraph owner ‘confident’ of reaching 1m subscribers this year as bidders circle in ongoing sale July 25, 2023 The Telegraph Media Group (TMG) said it is on track to reach 1m subscribers this year as bidders circle to buy the newspaper owner. The Daily Telegraph and Sunday Telegraph publisher reported strong subscription figures this morning, up two per cent to 734,000. TMG said it was “confidently” on target to hit 1m by the [...]
Post-Brexit vote of confidence: Europe’s largest chain of orthodontic clinics opens first branch in London in UK push November 30, 2021 Impress, Europe’s largest chains of orthodontic clinics, confirmed this morning it will open a clinic in London tomorrow, which will be part of ambitious plans to expand its operations into the UK. The company plans to open clinics in Leeds, Liverpool and Leeds in the next few months. Located at 54 Brushfield Street in Spitalfields, the new [...]
London Marathon mania: Record-number of runners fill City’s streets April 21, 2024 A record number of people finished the TCS London Marathon, making the 2024 edition the biggest ever in the event’s history.
Sprinkling local football clubs with money won’t make them sustainable endeavours May 4, 2022 The domestic football season has come to a dramatic close, with two sides from the North West jostling for the title and four London teams competing frantically for the coveted spots in Europe. Since its inception, clubs from these two areas have dominated the Premiership, especially over the past twenty years. Perhaps it is something [...]
Bankruptcy specialists prepare for boom as economic headwinds hit UK firms December 13, 2022 Corporate restructuring specialists Begbies Traynor and FRP Advisory are expecting a boom in demand for their services in the oncoming economic slump. The advisory businesses are expecting to profit from a surge in insolvencies as worsening economic headwinds start sinking more UK firms. Begbies Traynor’s executive chairman Ric Traynor told City A.M. the consultancy stands [...]
Premier League: Bournemouth is latest club to be bought out by a US businessman December 13, 2022 Premier League strugglers Bournemouth have been bought out by a US-led consortium including actor Michael B Jordan. Owner Maxim Demin has sold his 100 per cent stake in the firm to Black Knight Football Club (BNFC), managed by American businessman Bill Foley. The bid also has a number of high profile backers, including award-winning actor, [...]
Positive steps: Why walking in nature benefits the mind April 10, 2024 If you’re looking for a way to improve your focus, manage stress or simply relax, walking might be the answer.
Railway industry says HS2 cuts will hinder net zero and levelling up agenda November 18, 2021 Railway industry stakeholders have hit back against the government’s decision to cut the eastern leg of HS2, which was initially planned to connect Birmingham and Leeds. Speaking at Commons, Shapps argued that the changes made to the £100bn Integrated Rail Plan (IRP) “will bring benefits at least a decade or more earlier” and that they [...]
FTSE 100 close: London ends in the red as BoE’s Bailey warns of persistently high inflation May 17, 2023 London’s FTSE 100 index fell on Wednesday evening as Andrew Bailey warned that the UK would face high inflation for months to come. The capital’s premier index closed down 0.36 per cent at 7,723.23 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.30 [...]