YO! Sushi owner scouting for potential buyout bidders as IPO talks swirl November 16, 2021 YO! Sushi owner Snowfox Group has reportedly asked advisers to look into potential bidders following a series of advances. The Japanese food group is looking to jumpstart takeover talks, Sky News first reported, as talks of going public swirl. Mayfair Equity Partners, the group’s majority shareholder, has been exploring a potential initial public offering (IPO) [...]
In good spirits: Diageo shares rise after Guinness owner forecasts sales growth November 16, 2021 Guinness owner Diageo has said it expects organic net sales growth of at least 16 per cent in the first half of its new financial year. The announcement sent shares in the alcohol giant rocketing more than 3 per cent on Tuesday morning, to a high of £39.48. At its capital markets day, the beverage-maker [...]
Shoppers set to spend £33bn across major supermarkets in festive period November 16, 2021 Trips to UK supermarkets have shot up as Brits prepare to shop both online and in-store for Christmas. In-store visits to supermarkets swelled 6.5 per cent in the last four weeks ending 6 November. This represents 28m more visits compared with the same period last year, according to data from NielsenIQ. The online share of [...]
East End borough revealed as most at risk to online shopping scams November 16, 2021 Tower Hamlets in east London is the area most exposed to online shopping scams, according to cybersecurity experts. VNPOverview has pinpointed the borough as having the highest percentage of online shoppers in the UK, after an analysis of official data. It estimated that 90.68 per cent of people over 18 in the borough are preparing [...]
Wagamama owner hikes full-year estimates after sales surge November 16, 2021 Wagamama’s owner has upgraded its estimates for the financial year, forecasting adjusted EBITDA of up to £79m. In a trading update published on Tuesday morning, The Restaurant Group said its venues had traded well with like-for-like sales outperforming the market. There had been strong sales across the Wagamama brand, as well as its pubs and [...]
Back in black: Bluewater owner Landsec swings to £275m half-year profit November 16, 2021 Bluewater shopping centre owner Land Securities has revealed it swung to a half-year profit as the retail sector bounces back and workers return to offices thanks to the lifting of pandemic restrictions. The group, also known as Landsec, posted a pre-tax profit of £275m for the six months to September 30, against losses of £835m [...]
MusicMagpie hires new chief finance officer following London float November 16, 2021 Recommerce business musicMagpie recruits Matthew Fowler as new executive director and chief financial officer, following Ian Storey’s promotion to chief operating officer at the time of the IPO of the group.
Revolution Bars cuts losses as young people revive bar chain after Covid-19 revenue drop November 16, 2021 Revolution Bars Group’s (Revolution) revenues are being revived by the return of its young customer base, as it looks to recover from a brutal drop in sales. Sales plummeted by nearly two-thirds this year, falling from £110.1m in the previous year to £39.4m. The premium bar chain suffered restrictions or closures every day during its [...]
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
There will be enough turkeys for Christmas, says British Poultry Council boss November 15, 2021 Though the UK will not face a severe shortage of turkeys this Christmas, choices will be limited, according to the head of the British Poultry Council (BPC). The shortage of the festive bird has been a symptom of the country’s current labour shortage, which has seen fewer retail staff, butchers and meat processing plant workers. [...]