Tennent’s Lager maker sells minority stake in Admiral Taverns pubco May 17, 2022 Bulmers maker C&C group intends to sell its entire minority interest in pub operator Admiral Taverns to Proprium Capital Partners for £55m. The drinks firm invested in the community pub chain in a joint venture with Proporium in September 2017. In C&C’s full year results published on Tuesday, it revealed the sale of the shares [...]
Jamie Oliver Group revenues fell 20 per cent last year amid lockdown August 21, 2021 Turnover at the Jamie Oliver Group fell by 19.7 per cent to £30m as the company felt the force of the pandemic and lockdowns, according to reports. Pre-tax profits for the group, made up of Jamie Oliver Holdings and Jamie Oliver Licensing, fell by 41.2 per cent to £4.9m according to The Times. The Holdings [...]
PE firm TriSpan acquires Pho restaurants after Gresham House Ventures exit August 3, 2021 TriSpan has acquired a significant majority stake in UK Vietnamese restaurant group Pho, after Gresham House Ventures exited its investment in the chain on Monday. The global PE firm has invested in Pho through its dedicated restaurant fund Rising Stars. It represents the fund’s third investment in the UK, following Rosa’s Thai Café and Thunderbird [...]
Business energy support set to be halved to reduce taxpayer bill December 30, 2022 Support for businesses to help them cope with swelling energy bills will halve in the spring to avoid taxpayers holding the bag if oil and gas prices surge again, according to The Times. Chancellor Jeremy Hunt next month will announce a 12-month extension to a scheme that caps energy costs for businesses, similar to a [...]
From ‘sugar rush’ to recovery: Could 2024 be the year London markets get back on track? December 28, 2023 As a subdued year on the London stock market comes to an end, Dan Webster looks ahead to what may be in store in 2024.
Exclusive: Majority of hospitality businesses in UK on brink of collapse February 10, 2022 Covid-19 has pushed the majority of UK hospitality businesses to the brink of closure, according to new research shared exclusively with City A.M. today. More than three fifths (63 per cent) have experienced a decline in demand for their goods or services since the beginning of the pandemic, while 67 per cent have seen their [...]
Desperate small businesses beg government for immediate help as bills spiral out of control September 14, 2022 A range of small businesses said this morning that their energy bills have more than doubled in the past three months alone. Firms are therefore eagerly looking to next week’s expected mini budget for help with soaring bills despite the slight easing in inflation. Lesley So, founder of Derby-based eco-friendly drinks manufacturer So Good Kombucha, [...]
The Crowdstrike disaster was bound to happen. The cloud is a chokepoint in our interconnected world July 23, 2024 Last week, Crowdstrike caused a global tech meltdown due to a botched software rollout. The incident should be seen as a dry run for the next time someone throws a spanner into our globally interconnected tech ecosystem, writes Andy Blackmore.
Focus on: Why magic Marylebone is the new prime hotspot February 5, 2022 Marylebone, known for its Georgian architecture, is an area that has carefully preserved its past. But how has the area changed over the last decade? “The Portman Estate has played a large part in the transformation of the area,” says Priya Black, head of Baker Street new homes at Knight Frank. “Marylebone has a broad [...]
John Cleese announces Fawlty Towers reboot – everything you need to know February 8, 2023 It sounds unlikely but apparently it is true: John Cleese is rebooting one of the most iconic British comedy series ever made, Fawlty Towers. Fawlty Towers ran for two two seasons in the 1970s, both with six episodes, and is celebrated for being a near-perfect example of a British sitcom. However, 44 years after Fawlty [...]