Four London pubs go up for sale – including the Ten Bells January 11, 2024 Four pubs run by East London Pub Co. have gone up for sale this week as cost-of-living pressures and work from home initiatives continue to take their toll on the capital’s bar scene. The Ten Bells in Spitalfields, The Saxon in Clapham, The Lock Tavern in Camden, and The Gun in Spitalfields are named as [...]
Spirits trade has tough year in 2023 according to AIM-listed Distil June 12, 2024 Despite the difficult environment, turnover at the firm increased 15 per cent year-on-year to £1.5m with Goulding pointing to a "continued expansion" of its brands in the UK on-trade.
Smiggle creates over 100 UK jobs as sales and profits edge up May 3, 2024 Smiggle created more than 100 jobs as its UK revenue and profits edged up during its latest financial year, it has been revealed.
Tesco pledges an ‘affordable Christmas’ as it raises profit guidance on slew of price cuts October 4, 2023 Tesco raised its profit guidance for the year ahead to up to £2.7bn, as the Big Four grocery thanked a slew of price cuts for surging revenues in its interim results. Britain’s biggest grocer’s adjusted operating profit reached £1.48bn during the term, a 13.5 per cent leap when compared to the same period the prior [...]
GDP: When is no growth in the economy a good thing? November 10, 2023 Ministers may have breathed a sigh of relief today as the UK economy narrowly dodged recession in the third quarter of the year after eeking out minor growth in September and August.
Is Mike Ashley plotting a takeover of another UK retailer? December 17, 2023 Retail tycoon Mike Ashley is understood to be plotting an acquisition of ailing luxury fashion site Matchesfashion.
Sharps Bedrooms: Showrooms axed as Covid-19 shopping boom well and truly over June 14, 2024 The company behind fitted furniture retailer Sharps Bedrooms has axed more showrooms as it struggles to keep up with rising wages amid its second loss-making year in a row.
Veterinary group CVS gears up for Australia expansion July 25, 2024 Veterinary group CVS announced 10 per cent revenue growth but weaker sales amid soft demand and the effect of a cyber security attack, while it separately announced a shift in strategy to focus on growth in Australia. Like-for-like sales only increased by 2.9 per cent year on year at the London-listed company, after a rise [...]
Small businesses shrug off economic gloom as consumer spending remains resilient December 8, 2023 The survey, conducted by London-based fintech SumUp, shows that some 23 per cent expect a higher turnover this year compared to last.
UK construction sector rebounds as uptick in commercial projects offsets housebuilding decline August 4, 2023 The UK’s construction sector rebounded in July as an uptick in commercial building and civil engineering work offset sharp falls in residential housebuilding. The latest S&P Global/CIPS construction purchasing managers’ index scored 51.7 in July, up from 48.9 in June and the highest level for five months. Any score above 50 indicates the sector is [...]