Private equity backing has made casual dining market ‘lazy,’ Hestia boss warns April 27, 2024 The owner of a premium hospitality investment group which is targeting revenue of £100m over the next three years has said operators in the casual dining market have gotten “lazy” because of private equity backing.
Moonpig nosedives after private equity firm sells 25m shares April 26, 2024 Thursday proved to be the worst day of trading in three years for personalised card company Moonpig, after a private equity firm sold 25 million of shares in the firm.
Everest: Jon Moulton’s double-glazing supplier crashes into administration leaving hundreds of jobs at risk April 26, 2024 Everest, one Britain’s biggest double-glazing suppliers, has fallen into administration, leaving 350 jobs at risk.
Freshly-listed World Chess sees revenue slip after Armageddon series but gaming firm still confident April 26, 2024 Online platform World Chess reported a slip in revenue for the year ended December, but said it was still confident in delivering its growth strategy.
Loungers trading ahead of expectations as new site roll-out boosts bottom line April 26, 2024 Loungers has said it is trading ahead of expectations for the year, helped by the opening of 36 new sites.
UK consumer confidence edges up after stagnant start to year April 26, 2024 UK consumer confidence improved by two points in April, after laying stagnant in March.
Bottoms up: Central London set for a new rooftop bar as Maven Leisure raises £2m April 25, 2024 Maven plans to raise the money via the private equity investment firm Growthdeck, which offers “tax-efficient investment opportunities in UK growth businesses”.
WH Smith fails to impress as shares slump despite boom in travel arm April 25, 2024 Shares in WH Smith were down by almost seven per cent in early trade, despite the business telling markets it has high hopes for a strong summer of trade as demand for travel booms.
Sainsbury’s predicts profit to exceed £1bn as Aldi price-matching pays off April 25, 2024 Supermarket Sainsbury’s expects profits to exceed £1bn this year as it continues to win shoppers with loyalty card and Aldi price matching schemes.
Unilever thanks ‘power brands’ for sales bump as Marmite-maker steams ahead with turnaround plan April 25, 2024 Consumer giant Unilever said sales of its most popular brands such as Dove soap helped drive growth in the first quarter, in the businesses first trading update since announcing plans to sell its ice-cream arm.