Wagamama owner Restaurant Group swings to a loss on £115m writedown September 3, 2019 Restaurant Group plunged into the red as it recorded a loss for the first six months of 2019 following its controversial £559m takeover of pan-Asian chain Wagamama. The figures Revenue rocketed 58.2 per cent from £326.1m in the first half of 2018 to £515.9m in the first half of 2019. Restaurant Group fell to a [...]
Walmart confirms Asda sale to billionaire UK brothers in £6.8bn deal October 2, 2020 Asda is back in British ownership after Walmart today agreed a sale to the Blackburn-based Issa brothers in a £6.8bn deal.
The Week in Sportbiz: ATP Tour omits Alexander Zverev from new campaign, Bundesliga courts private equity, Matchroom signs Campbell Hatton December 10, 2020 The ATP Tour launched its new marketing campaign this week, and tennis fans didn’t need Hawk-Eye to notice there was someone missing. Stars of the men’s circuit Roger Federer, Novak Djokovic and Rafael Nadal naturally featured prominently in the promotional material. So did some less well-known names, including world No34 Hubert Hurkacz, No37 Jannik Sinner [...]
High street retailers take hit from drop in footfall June 10, 2019 High streets, retail parks and shopping centres all suffered a year-on-year drop in footfall last month, according to new figures which underline the tough trading conditions facing bricks and mortar firms. The number of shoppers plunged by 3.5 per cent in May, compared with a drop of 0.4 per cent during the same month last [...]
Retail vacancy rates hit four-year high as shoppers ditch the high street May 13, 2019 Vacancy rates climbed to a four-year high last month, as high streets and shopping centres suffered a year-on-year fall in the number of shoppers during April. Read more: Next credits warm Easter for unexpected jump in retail sales The national town centre vacancy rate reached 10.2 per cent in April, marking a further increase on the [...]
Food prices increased at their fastest rate since 2013 in March April 3, 2019 The weekly supermarket shop hit bank accounts a little harder last month as food prices rose at their sharpest rate in five years in March. Food inflation accelerated last month to 2.5 per cent, up from 1.6 per cent in February. This is the highest inflation rate November 2013. The data out today from the [...]
Emerging Asia-Pacific capital markets: challenges and opportunities May 18, 2021 CFA Institute has published ‘The Emerging Asia Pacific Capital Markets: Challenges and Opportunities’. The report, compiled by Larry Cao and Luis Garcia-Feijóo, presents perspectives from local authors on the financial history, current status and outlook for 11 countries. Their insights should be particularly valuable for prospective investors. Many have argued that the 21st century will [...]
Retail Sales Hit by Biggest Slump on Record June 4, 2019 Retail sales have taken a dramatic tumble in May, as already challenging retail conditions are set against a background of Brexit uncertainty. In total, sales for May declined by 2.7 per cent, the biggest drop since the British Retail Consortium (BRC) started the monthly survey 24 years ago. Britain’s retailers are warning that the decline [...]
Retail and casual dining bounce back in March amid sunny spring weather April 15, 2019 Britain's pubs and restaurants cheered a recovery in trading last month, as warmer weather boosted the nation’s appetite for drinking and eating out. A bounceback from cold, snowy weather last year saw collective like-for-like sales in restaurants and pubs grow by nearly four per cent in March, new data released today by the Coffer Peach [...]
Confidence hits new low but spending climbs amid sunny weather April 9, 2019 Confidence in the UK economy tanked to its lowest level in five years last month, as shopping sentiment wavered in the wake of Britain’s imminent departure from the EU. Uncertainty over Brexit has pushed confidence to its lowest level since Barclaycard began recording data in 2014, with almost seven in ten respondents saying they are [...]