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Bentley, Rolls-Royce and Lamborghini parts manufacturer puts £2m into growth
A company which makes interior trim for some of the biggest prestige car brands has invested almost £2 million in its headquarters. Vestatec UK has announced the seven-figure investment to improve its 20,000 sq ft manufacturing facility in Nottingham. The Colwick-based business, which supplies manufacturers such as Bentley, Rolls-Royce Lamborghini and Porsche, said the money …
Business
Business Live
One of Britain’s richest men buys £37m stake in takeover target THG
One of Britain’s richest men has acquired a £37m stake in online retail and software giant THG. Brian Kennedy, who is a former owner of rugby union team Sale Sharks, has snapped up almost 3% of the group. THG is run by co-founder and CEO Matthew Moulding and includes brands such as Cult Beauty, Lookfantastic …
Business
Evening Standard
The Restaurant Group cheers ‘encouraging’ sales as it speeds up closure plan
Shares in Wagamama owner The Restaurant Group (TRG) soared as it defied activist investors with strong growth so far this year, setting the stage for it to accelerate the rollout of Wagamama restaurants.Sales at Wagamama were up 9%, while it also reported growth in its pubs, leisure and concessions divisions.It also reported better-than-expected progress towards …
Business
Business Live
YoungBrit: The fashion start-up hoping to take on the likes of Balenciaga, Versace, Gucci and Fendi
A streetwear label wants to take on the likes of Balenciaga, Versace, Gucci, Fendi with its new range of sneakers and watches. YoungBrit was launched in March with its designs inspired by the diverse fashions and cultural influences which make up Great Britain. Its initial collections feature bright and bold designs and have iconic British …
Business
Evening Standard
Family-run pubs remain exposed after London hit hardest by Covid closures
Family-owned pubs and restaurants are bearing the brunt of a wave of business closures in the hospitality sector, which ran at one every two days in London, which was hit hardest by the Covid-era closures. Publicans and restaurateurs in the capital will be hoping that the return of workers to offices after restrictions move further …
Business
Business Live
Heineken supporting 600 new jobs with £40m pubs upgrade
Brewing giant Heineken says it hopes to support 600 new jobs with a £40 million investment in its Star Pubs & Bars estate. The Edinburgh-based pub, cider and beer business said it will spend the money this year upgrading 570 pubs across the UK. It said neighbourhood locals are set to benefit most, in keeping …
Business
Business Live
North East automotive body warns investment could be lost to overseas competitors without Government action
The body representing North East automotive firms has called for a level playing field with other countries competing for sector investment. North East Automotive Alliance boss Paul Butler said he echoed the recent comments of Unipart executive chairman John Neil, who revealed his 8,000-job firm was assessing whether to “pivot” to the US in the …
Business
Business Live
Agency wins food festival brief
Birmingham PR, content and video agency Reeves Media has retained the brief to promote the city’s upcoming Colmore Food Festival. The annual festival will return to the business district in July after a four-year hiatus caused by the covid-19 pandemic and last summer’s Commonwealth Games. It will also have a new home for the first …
Business
Sky News
Superdry in advanced talks to fashion £15m cash call
The fashion retailer Superdry is in advanced talks about a near-£15m share sale as it races to shore up its balance sheet amid tough trading conditions.Sky News has learnt that the chain, headed by founder Julian Dunkerton, could unveil a cash call as soon as next week after discussions with City investors. The move will …
Business
Business Live
Eastern’s summer schedule takes off from Humberside home
It was definitely the weather to get away… Eastern Airways launched its Summer 2023 flight programme at its home base of Humberside Airport on Friday, with drizzle and a chill dominating northern Lincolnshire. The first flight to Newquay took off, with up to four services a week being operated to Cornwall through to September. Saturday …
Business
Business Live
The rise of social businesses in Wales
Twenty years ago, I completed my four years of tenure as chairman of Community Enterprise Wales. Established by the late great social activist Angela Elniff-Larsen, the organisation acted as an umbrella organisation and advocate for community enterprises across Wales from its offices in Merthyr Tydfil. As a young academic at the time, that period chairing …
Business
Business Live
20-year-old tycoon further invests in Morecambe as takeover talks continue
A 20-year-old tycoon who is in the process of taking over Morecambe FC has invested further into the club. Sarbjot Johal could become the youngest owner in the Football League if the deal is completed. The League One club were put up for sale by Bond Group Investments in September as their owners battled the …

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