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Brewing joint venture made loss in year before pub giant Marston’s sold its stake to Carlsberg
The brewing joint venture between Marston’s and Carlsberg, valued at nearly £800m, has reported a loss in the year leading up to the pub giant’s sale of its stake. Newly released financial records from Companies House show that Carlsberg Marston’s Brewing Company experienced a pre-tax loss of £25.2 million in 2023, a significant decline from …
Business
Evening Standard
Hobbycraft snapped up by investment group Modella Capital
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Investment group Modella Capital has bought Hobbycraft, it said on Tuesday morning.The arts and crafts retailer has been majority-owned by fund management …
Business
Evening Standard
Wetherspoon invests £2.8m to open new Waterloo station pub
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.JD Wetherspoon is to open a new pub at London Waterloo station next week following a £2.8 million investment.The value pub chain …
Business
Sky News
Prime minister signals tax rises coming as he warns of ‘painful’ budget
The October budget will be “painful”, Sir Keir Starmer has said, giving the biggest hint yet of tax rises.Speaking from Downing Street, the prime minister said: “I will be honest with you, there is a budget coming in October and it’s going to be painful.” He added: “Just as when I responded to the riots, …
Business
Evening Standard
Shoppers buying more premium products after cost squeeze, Waitrose boss says
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Consumers are buying more brands and “treats” amid early signs that confidence is improving after the cost-of-living squeeze, the boss of Waitrose …
Business
Evening Standard
Applied Nutrition ‘actively preparing’ for end-of-year float
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Supplements firm Applied Nutrition has confirmed it is “actively preparing” to float on the London market at the end of the year …
Business
Evening Standard
Ocado hails ‘exciting moment’ after launching Australian warehouses
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Online grocer Ocado has cheered another milestone for its global robotic warehouse arm after confirming the opening of its first Australian sites …
Business
Sky News
Shop prices fall for first time in nearly three years, figures show
Shop prices have come down for the first time in nearly two years, according to industry data.Goods in UK shops cost 0.3% less in August than a year ago, figures from industry body the British Retail Consortium (BRC) showed. The price fall is due to discounts on summer clothing and other seasonal household goods. Wet …
Business
Business Live
What Wales can learn from Costa Rica in harnessing green energy to attract global investment
Frank Holmes, chair of the Cardiff Capital Region’s Economic Growth Partnership and Cambridge undergraduate Zac Le Riche, on how Wales with an abundance of renewable energy sources can attract global investment from AI to advanced engineering. If Wales is to find its niche in the green revolution then for inspiration it could can learn a …
Business
Sky News
Unilever slims skincare portfolio with Kate Somerville sale
Unilever, the FTSE-100 consumer goods behemoth behind Marmite and Lynx, is trying to slim its portfolio of personal care brands by putting two of them up for sale.Sky News has learnt that Unilever is working with advisers on the disposal of Kate Somerville, an upscale skincare brand it acquired in 2015. City sources said this …
Business
Business Live
Government urged to take action on mini nuclear plants as Britain fights to keep pace in race for clean power
Keir Starmer’s government is being urged to make a decision on mini nuclear reactors by the end of the year, in what could be a real test of the Labour party’s energy strategy. It follows a landmark deal this week for a former nuclear site in Gloucestershire. The £6.5m sale of the science park in …
Business
Sky News
Lynch-backed Featurespace in talks about Visa takeover
A British fraud detection company backed by Mike Lynch, the technology entrepreneur who died this week, is in talks about a sale to Visa, the American payments giant, worth hundreds of millions of pounds.Sky News has learnt that Featurespace, which was founded in 2008 and is headquartered in Cambridge, is in advanced negotiations about a …

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