Apax Global Alpha share price rises after IPO as parent floats new listed vehicle on London market June 15, 2015 Shares in Apax’s new £585m listed fund Apax Global Alpha rose nearly five per cent as trading kicked off in the stock on the London stock exchange yesterday. The private equity firm raised £218.2m from investors last week to float the fund on London’s main market. The vehicle is comprised of investments made by Apax [...]
Greene King and Spirit deal gets amber light from market regulator May 11, 2015 The Competition and Markets authority (CMA) yesterday gave pub company Greene King and Spirit a week to sort out hurdles that could halt their planned £774m merger. The authority said the current proposal would “substantially” lessen competition in the pubs sector. However, it pointed to difficulties in only 16 locations, which is small considering that [...]
Rugby World Cup 2015: England loss vs Australia could wipe £3bn off stock market by depressing investors’ mood October 1, 2015 Around £3bn could be wiped off the UK stock market in a single day if England lose their crunch Rugby World Cup game against Australia this Saturday, with investors' outlook depressed by the disappointing result. Read more: Rugby World Cup's economic impact likely to be limited England face Australia at Twickenham knowing that anything less than [...]
Behold: the City finally has a mixologists’ bar September 22, 2015 I hate to be the one to break it to you, but the Square Mile isn’t a great place for cocktails. Sure, you can now get them in most bars (and even some pubs), but most aren’t worth the lemon they’re garnished with. I think it’s a supply and demand thing. Perhaps understandably, the City [...]
The kids are alright: Ecigarettes “aren’t a gateway to smoking” for young people August 17, 2015 Vaping isn't a "gateway" to smoking for the yoof, a new study has found – suggesting fears over the effects of ecigarettes are misplaced. Read more: A smoking ban in pub beer gardens? Stop persecuting smokers The study, by anti-smoking charity Ash, found there was "no evidence" young people were being enticed towards real-life fags by [...]
Spirit pubs knocks back Greene King September 23, 2014 PUB AND brewing giant Greene King confirmed it has made a £700m takeover offer for the 1,200 pub chain Spirit Pubs. While Spirit Pubs confirmed the 100p per share bid, it said it had rejected as “it undervalued Spirit and its attractive prospects”.
Greene King has until Tuesday to clinch £723m Spirit Pub takeover October 30, 2014 SPIRIT Pub has agreed to extend the deadline until 4 November for a £723.3m takeover offer from brewer and pub owner Greene King. The deadline extension, which was due to expire yesterday, will “enable the parties to conclude their ongoing discussions”, Spirit said yesterday. Spirit Pub was spun out of Punch Taverns in 2011 and [...]
Perfect Saturday July 30, 2015 BRUNCH TIME THE ELK IN THE WOODS The best brunch in Camden is quite an accolade given the number of pubs in the area selling quality nosh, but that’s what people say about the Elk in the Woods, a foodie boozer with extra character. Go for the Elk sausage skillet for an unusual take on [...]
Better Capital’s Jon Moulton goes on £20m Walkabout with purchase of Australian-themed pub chain November 10, 2014 Better Capital, the turnaround fund owned by veteran venture capitalist Jon Moulton, yesterday announced it had bought Australian-themed pub chain Walkabout in a deal worth £20m. The fund said in a statement it had successfully acquired Walkabout’s parent company iNTERTAIN. The company had been controlled by creditors since 2009. It was formed out of the [...]
Delaying the Night Tube will be another nail in the coffin for London’s night time economy August 13, 2015 A few weeks ago we launched Feast, a late night food delivery service for London, which operates between 11pm and 5am. We knew launching in the summer would be hard given the number of people away on holiday, and the fact the city tends to slow down as a result. But that would all [...]