Costa Coffee win helps digital agency Idhl grow ahead of US expansion April 18, 2024 Idhl, a digital agency backed by the owner of Burger King's UK arm and Hobbycraft, has said winning new clients such as Costa Coffee helped its revenue edge closer to £40m during 2023.
Bowl food buffet: Poke House looks to raise almost £50m for expansion January 3, 2023 The boss of restaurant chain Poke House said it is planning to launch a funding round worth up to 50 million euros (£44 million) as the business continues to eye up opportunities to grow. Matteo Pichi, the group’s chief executive and co-founder, told the PA news agency he wants the chain to remain a global [...]
Will private equity set its sights on AJ Bell, M&G or River Global after the Hargreaves Lansdown takeover? August 9, 2024 The takeover battle for Hargreaves Lansdown seemed to have finally reached a resolution this morning, and within hours of the details being announced, analysts were already speculating as to which London-listed asset manager could be next to fall to private equity. Ben Bathurst, analyst at RBC, said today that the planned investment by the private [...]
UK inflation comes in below expectations in July August 14, 2024 UK inflation jumped back above the Bank of England’s two per cent target in July, but came in below City estimates for the period. According to figures released this morning by the Office for National Statistics (ONS), prices rose 2.2 per cent in July. Meanwhile, core inflation, or price rises excluding volatile food and energy [...]
FTSE 100 close: London index reverses losses as Bunzl struggles June 15, 2023 London’s FTSE 100 was dragged lower today by investors piling out of outsourcer Bunzl despite the firm this morning raising its revenue forecast before reversing losses in the afternoon session. The capital’s premier index jumped 0.34 per cent to 7,628.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
Average London rents near £1,000 and are unlikely to fall in 2023 – SpareRoom January 12, 2023 UK rent prices soared to their highest peak ever in the final quarter of 2022, inching closer to the £1000 mark, according to new data published today. Flatshare site SpareRoom reported that London rents for the last quarter of 2022 were up 22 per cent on the same period the previous year, taking the average [...]
Hotel investments plunge to lowest level since 2012 as high costs bite January 8, 2024 Despite the slowdown, foreign investors continued to express interest in the market with 39 per cent of all deals involving overseas buyers, particularly in London
Pressure grows for pension investment boost as Hunt eyes reform July 4, 2023 Pressure is growing on pension schemes to throw their weight behind reform as the Chancellor prepares to unveil a slew of measures to boost investment in private growth firms next week.
Is HS2 holding up the UK’s construction industry? Output up but housebuilding continues to fall April 6, 2023 Civil engineering rose at its highest level since 2009 in March, according to a leading global index which measures the monthly construction output of the UK economy. At 50.7 in March, the headline seasonally adjusted S&P Global /CIPS UK Construction Purchasing Managers’ Index (PMI) – which measures month-on-month changes in total industry activity – was [...]
Nisa sales rise after Just Eat launches home delivery service June 27, 2024 Groceries wholesaler Nisa Retail has seen its revenue tick up after its parent company The Co-operative Group partnered with Just Eat to offer home delivery.