Maybe 2023: BrewDog momentum for London listing stalls October 18, 2021 BrewDog’s momentum for a market debut in London appears to have slowed as the brewing operation eyes 2023 for a float.“Could it be sometime in 2022? Maybe. 23? Maybe,” CEO and co-founder James Watt told The Daily Telegraph.Watt was keen to distance the listing cooling from ex-staffers’ claims of a “culture of fear” at BrewDog. [...]
Asda deal to sell petrol forecourts to EG Group terminated October 18, 2021 The Issa brothers have decided to terminate EG Group’s acquisition of Asda’s petrol forecourt business. In an update on Monday, Asda said the termination came after the supermarket and the Issa brothers’ EG were allowed to share commercial information with one another. They had been previously restricted under UK competitive law but a ‘hold separate’ [...]
Timpson to cover HRT costs for staff going through menopause October 18, 2021 Retail service provider Timpson Group has said that staff can expense their prescription costs for recommended HRT. Employees of the cobbler and key-cutting firm can claim hormone replacement therapy (HRT) on expenses. The treatment relieves symptoms of the menopause. In a tweet, group chief executive James Timpson said: “It’s so important that we support our [...]
Nightclubs warn shortage of bouncers can turn into ‘threat to public safety’ October 18, 2021 Nightclubs are urgently calling for Government intervention to a worsening shortage of bouncers which industry bosses say could become a “threat to public safety”. The Night Time Industry Association (NTIA) said last month that one in five night-life and hospitality businesses closed or reduced operating hours due to a shortage of security staff. However, it [...]
Qatar emerges as front runner in talks for £4bn Selfridges October 18, 2021 The Qatar sovereign wealth fund has been revealed to be a front runner in the £4bn takeover race for the iconic Selfridges. It was reported this summer that the Westons – the billionaire family behind the department store chain – had launched a formal sales process after an approach. Now, The Mail on Sunday has [...]
THG founder Matthew Moulding to give up ‘golden share’ after £2bn mystery share plunge October 18, 2021 Online retail giant THG confirmed this morning that its founder, Matthew Moulding, has agreed to give up his “golden share” after the company’s shares plunged amid fierce scrutiny over its corporate governance. The “golden share” structure has been criticised by institutional investors who believe it can give founders too much control. THG’s structure has also [...]
Treasury presses ahead with online sales tax October 18, 2021 The Chancellor is reportedly amping up plans for an ‘Amazon tax’ that would help bricks-and-mortar high street stores. It comes after businesses were left bitterly disappointed by reports that Rishi Sunak has delayed a radical overhaul of the business rates system. Treasury officials have sped up work on a new online sales tax in the [...]
Supreme enjoys growth after dodging supply chain chaos October 18, 2021 Wholesale supplier Supreme has said it is pleased with a strong performance in the first half of the financial year, driven by vaping and fitness trends. In an update for the six months ended September 30 2021, the group said it was confident in achieving full year expectations. Sales have been driven by its vaping [...]
London lagging behind rest of Britain in hospitality sales October 18, 2021 Despite an overall booming September trade for Britain’s restaurants, pubs and bars, sales in the capital lagged behind, according to the latest Coffer CGA Business Tracker. Britain’s managed restaurants, pubs and bars had their second successive month of year-on-year sales increases, with total sales even up on pre-pandemic levels of September 2019 by eight per [...]
Stratford’s Westfield shopping centre evacuated after fire breaks out October 17, 2021 Westfield shopping centre in Stratford has been evacuated after a fire broke out in one of its stores. Police and around 60 firefighters arrived on the scene this morning, who have since controlled the blaze. While helicopters were reported to fly above the building. A Metropolitan Police spokesperson tweeted: “We are supporting LondonFire with evacuation [...]