193,000 Brits had their Christmas dinner in an M&B pub January 30, 2014 Toby Carvery owner Mitchells & Butler sold an impressive 193,000 meals on Christmas Day, as more people opted to bypass the culinary pressure. Milder weather meant more customers ventured out this year, M&B said. The pub chain, which also owns All Bar One and Browns, sold 6.9m meals in the three weeks to 4 [...]
M&B reports its biggest week of sales over Xmas January 30, 2014 CHRISTMAS saw pub group Mitchells & Butlers enjoy its biggest ever sales week, boosting the group’s trading for the year to date. The company, whose outlets include Harvester, Toby Carvery and All Bar One, yesterday said sales at pubs open over a year or more were up two per cent on a year ago for [...]
Punch Taverns calls for time August 11, 2014 PUNCH Taverns yesterday confirmed its £2.2bn debt restructuring will launch in the next 10 days, a slight delay to its original Monday deadline as the pub operator looks to conclude certain discussions with stakeholders. Punch, which has over 4,000 pubs, was hit hard by country’s economic downturn in 2008 and unveiled new proposals in June. [...]
Champions League draw: Arsenal meet Dortmund once again as Liverpool handed tough Real Madrid test August 28, 2014 Arsenal have been drawn in the same Champions League group as Borussia Dortmund for the third time in four years, as Liverpool face two tough ties against Real Madrid in their return to the competition. Chelsea have been drawn against Schalke for their second year in a row in group G alongside Sporting Lisbon and [...]
B&Q owner Kingfisher’s share price rises as it names Veronique Laury as Sir Ian Cheshire’s replacement September 10, 2014 Shares in B&Q owner Kingfisher opened 2.8 per cent higher this morning after it revealed its new chief executive as Sir Ian Cheshire prepares to step down. He will be replaced by the chief executive of Castorama France, Veronique Laury, before the end of the financial year. Cheshire, who has been with the company for [...]
Daily Mail group revenue up from b2b business, media ad revenue continues fall July 24, 2014 Revenue at Daily Mail owner DMGT is up two per cent for the three months to the end of June on the same period last year in line with expectations despite a lower return from the IPO of Zoopla in June. DMGT’s b2b business revenue grew by nine per cent with dmg information up 34 per [...]
Balderton leads Crowdcube fund July 17, 2014 VENTURE capital firm Balderton Capital yesterday announced it would invest £3.8m in UK crowdfunding firm Crowdcube as part of its £5m Series B round of funding. Equity-based crowdfunding platform Crowdcube is expected to double its workforce and seek to expand operations in the UK following the investment. The round is due to be completed through [...]
NBA TV deal could be worth more than the Premier League’s September 9, 2014 The National Basketball Association (NBA) is on the verge of reaching a new TV deal with ESPN and Turner Broadcasting (TNT), according to reports. The deal would be worth more than $2bn a year, making it more valuable than the bumper domestic broadcasting deal signed by the Premier League two years ago. [...]
Inmarsat share price dips as broadband network delayed by Russian rocket launch failure August 5, 2014 British satellite operator Inmarsat warned yesterday its new broadband communications network would be delayed by as much as six months following the failure of its Russian launch provider Proton. Inmarsat also reported a nine per cent drop in profits to $168.3m (£99.8m) during the half year to 30 June. It was hit by the strength [...]
From Threadneedle Street to the corridors of power September 28, 2014 Business minister Matthew Hancock tells Kate McCann he’s on the side of new challenger firms IF CONSERVATIVE MPs spent the weekend nursing a Ukip-induced headache ahead of their party conference, business minister Matthew Hancock showed no evidence of it yesterday. “It’s relatively cheerful here, in the circumstances,” the former Osborne advisor says with a wry [...]