M&B’s debts concern Joe Lewis camp November 22, 2011 MITCHELLS & Butlers’ largest investor Joe Lewis yesterday voiced concerns over the embattled company’s finances, despite a return to profit in its full-year results. A source close to Lewis’s investment vehicle Piedmont highlighted the sharp rise in M&B’s non-current liabilities on derivative financial instruments, which hit £235m for the full year to 24 September, up [...]
CITY MOVES | WHO’S SWITCHING JOBS January 16, 2012 Signia Wealth Signia Wealth has appointed Martin King as managing director to lead its new Birmingham office, which will serve ultra high net worth individuals in the West Midlands as part of CEO Nathalie Dauriac-Stoebe’s expansion plans for the business. King joins the wealth manager from UBS Wealth Management, where he founded the Midlands office [...]
CITY MOVES | WHO’S SWITCHING JOBS January 16, 2012 Signia Wealth Signia Wealth has appointed Martin King as managing director to lead its new Birmingham office, which will serve ultra high net worth individuals in the West Midlands as part of CEO Nathalie Dauriac-Stoebe’s expansion plans for the business. King joins the wealth manager from UBS Wealth Management, where he founded the Midlands office [...]
Fuller, Smith & Turner in £16m expansion October 24, 2011 Fuller, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics. Fuller is acquiring The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The seller is [...]
Wetherspoon chief takes pay cut as two directors sign off with £766k October 17, 2011 FOUNDER and chief executive of pub group JD Wetherspoon, Tim Martin, has taken a £19,000 pay cut this year while two top directors have parted with the firm with combined total payments of £766,000. Martin’s salary was £375,000 in the year to 24 July, according to the company’s annual report. That compared with his 2010 [...]
Wetherspoon chief takes pay cut as two directors sign off with £766k October 17, 2011 FOUNDER and chief executive of pub group JD Wetherspoon, Tim Martin, has taken a £19,000 pay cut this year while two top directors have parted with the firm with combined total payments of £766,000. Martin’s salary was £375,000 in the year to 24 July, according to the company’s annual report. That compared with his 2010 [...]
Miami Nice: there’s lots more to Florida than Disney World April 15, 2012 FOR most of the 1.5m Brits who travel to Florida each year, it’s the allure of the Mouse that does it. But there’s much more to the state than Disney. While Orlando promises wholesome family entertainment (especially for those who don’t mind queuing), the rest of Florida offers some serious fun for grown ups. Miami [...]
M&B expects to overcome tough conditions November 22, 2011 Restaurant and pub group Mitchells & Butlers has said it is confident it could overcome the tough consumer environment in 2012 after making a good start to its new financial year, helped by mild weather. The company, which rejected two bid approaches from billionaire currency trader Joe Lewis earlier this year, posted full-year adjusted pre-tax [...]
M&B expects to overcome tough conditions November 22, 2011 Restaurant and pub group Mitchells & Butlers has said it is confident it could overcome the tough consumer environment in 2012 after making a good start to its new financial year, helped by mild weather. The company, which rejected two bid approaches from billionaire currency trader Joe Lewis earlier this year, posted full-year adjusted pre-tax [...]
THE TIPSTER November 21, 2011 Utility stock Severn Trent reports interim results on Thursday and investors will be hoping to hear that their bumper dividend payout is safe. A typical defensive play, the shares have performed well in 2011 gaining over 7 per cent. With uncertainty continuing, equity investors may well continue to seek the safe haven properties of the [...]