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Evening Standard
Revolution Bars targets ‘favourable’ high street rents for new bars
Younger drinkers returning to partying habits since “Freedom Day” have helped Revolution Bars‘ sales top pre-Covid levels – and the chain now plans to capitalise on cheap rents up for grabs on UK high streets. Revolution, which runs 67 bars nationwide and employs 3000 staff, has had a difficult pandemic. Revenues fell from £110 million …
Business
Sky News
Mr Kipling maker hints at price rises ahead as it spends big to stock shelves for Christmas
Premier Foods, the owner of brands including Mr Kipling and Bisto, has hinted that prices may rise in the months ahead as it battles cost increases and fights to build resilience in its supply chain.The company said it was “successfully navigating” the challenges facing distribution – and its efforts to keep shelves stocked had contributed …
Business
Business Live
MediaCity owner Landsec returns to half-year profit as retail sector bounces back
The majority owner of MediaCity swung to a half-year profit as the retail sector bounces back and workers return to offices following the lifting of pandemic restrictions. Commercial landlord Land Securities – also known as Landsec – posted a pre-tax profit of £275m for the six months to September 30, against losses of £835m a …
Business
Sky News
YO! Sushi parent Snowfox tests bidders’ appetite amid £750m float talks
The owner of the sushi restaurant chain YO! is kicking off talks with prospective buyers following a string of takeover approaches for the Japanese food specialist.Sky News has learnt that Snowfox Group and its shareholders have asked advisers to canvas interest from bidders. The process comes as Mayfair Equity Partners, the company’s majority shareholder, continues …
Business
Sky News
While an unemployment crisis may have been averted, the vacancies crisis remains
Throughout the pandemic, the relatively low unemployment numbers were often reported behind a series of caveats.“If it weren’t for the furlough scheme the numbers would be far worse”. “Once the furlough scheme is over, there could well be a steep cliff edge”And so on. Image: The employment figures show the jobless rate at 4.3% over …
Business
Business Live
More people in work despite end of furlough, latest figures show
The number of UK workers on company payrolls surged by 160,000 last month and there was no sign of a jump in redundancies despite the furlough support scheme coming to an end, according to official figures. The Office for National Statistics (ONS) said payrolled workers jumped by 0.6% between September and October to 29.3 million …
Business
Business Live
£20m funding boost for almost 200 new apartments in Salford
A planned development of almost 200 new apartments in Salford has received a £20m funding boost. Specialist real estate development finance provider Maslow Capital has backed Legacie Developments’ project, Merchant’s Wharf. The money will fund the construction of the scheme, which is located beside the River Irwell, and will include more than 196 flats as …
Business
Evening Standard
Job vacancies at record high — Bank rates set to rise
JOB vacancies hit a record high and unemployment is down to where it was prior to Covid 19 official figures show, strongly suggesting that interest rates will rise next month.The Bank of England held off on a rate rise last week, to the chagrin of many in the City, partly as it waited to see …
Business
Business Live
Cigarette giant Imperial Brands announces rise in profits for 2021
Global tobacco company Imperial Brands has announced a rise in profits for the last financial year, driven in part by the disposal of its premium cigar division. The Bristol-headquartered maker of Gauloises and Davidoff cigarettes posted organic adjusted group operating profit of £3.57bn for the full year ending September 30 – up 4.8% in constant …
Business
Business Live
Passenger numbers triple at Manchester Airport as more ‘clarity’ called from Boris Johnson’s Government
Manchester Airport has served almost six million fewer passengers over the last year despite its figures tripling in October. The airport saw 4.6 million people pass through its terminals in the 12-month period compared to the 10.4 million in the same time to the end of October 2020. However, the newly-released figures also show 1.2 …
Business
Sky News
M&S makes £299 dresses available to rent for Christmas parties amid fast fashion concerns
Marks and Spencer has made a range of womenswear available to rent ahead of the Christmas party season, as the industry moves to address sustainability concerns around fast fashion.The retailer said it was leasing dozens of products, including dresses from its X Ghost collaboration, under a trial with Hirestreet. The platform is operated by the …
Business
Sky News
Sunak hails ‘extraordinary success’ of furlough scheme as jobless rate falls to 4.3%
Chancellor Rishi Sunak has hailed the “extraordinary success” of the furlough scheme as official figures suggest a “small” number of jobs were lost at its demise.The Office for National Statistics (ONS) reported a rise of 160,000 in payrolled employment between September and October. Treasury data had shown there were 1.14 million jobs on furlough when …

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