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Owner of Boringdon Hall snaps up Cornwall spa and golf hotel
The owner of Devon’s five-star Boringdon Hall Hotel has acquired a Cornish spa and golf resort for an undisclosed sum. Family-run Philema Hospitality Management has taken over the Budock Vean Hotel in Falmouth in a move it described as a “significant milestone”. The group’s portfolio also includes the four-star adult-only Fistral Beach Hotel and Spa …
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Liverpool Council buys stalled landmark city centre site and says move paves way for Chinatown and Baltic Triangle regeneration
Liverpool City Council has successfully acquired the site of a major stalled development in the city centre, known as New Chinatown. The 4.55 acre brownfield plot, located at Great George Street, is situated at the entrance to the city’s historic Chinatown and near the Baltic Triangle, adjacent to the Anglican Cathedral. The residential development has …
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Homes and care farm plan for grounds of historic stately home
The grounds of a landmark hall may be set for a transformative redevelopment, new plans lodged with Cheshire West and Chester Council show. The proposal envisions repurposing outbuildings at Churton Hall Farm into 10 new domestic residences around a courtyard, with dedicated office spaces crafted from an old hayloft to facilitate home working. Furthermore, the …
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Aviva and Ageas ‘could go head-to-head in Direct Line bidding war’
The City is preparing for a potential bidding war over Direct Line, following Aviva’s £3.3bn approach, marking the second time this year that the company has been thrust into the takeover spotlight. The FTSE 100 insurer is believed to have started engaging with shareholders of its smaller competitor in the last two days, sparking rumours …
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American burger chain Five Guys launches bid to open fourth restaurant in Liverpool
American burger chain, Five Guys, is planning to open its fourth outlet in Liverpool. Planning documents submitted to the city council reveal that the popular brand is eyeing a new location at Liverpool Shopping Park, Edge Lane following the success of its existing locations at Liverpool One, Queen Square, and New Mersey Retail Park in …
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Dunelm boss breaks ranks to say that a rise in living wage is good for the company
Dunelm’s chief executive, Nick Wilkinson, has expressed a notably positive outlook on the above-inflation increase to the minimum wage, despite many retailers voicing concerns over the heightened costs. Wilkinson believes that the boost in consumer confidence from higher disposable income will lead to increased market demand, as reported by City AM. This contrasts with the …
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Easyjet to more than double dividend after profit surge
EasyJet has announced plans to more than double its full-year dividend following a nearly one-third increase in profit, driven by robust travel demand and an exceptional performance from its holiday business. The airline, recognisable by its orange livery, reported a 34% rise in pre-tax profit to £610m for the year ending in October. Operating profit …
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Retail chief warns of return of inflation after tax-raising Budget
The head of the British Retail Consortium (BRC) has cautioned that the tax increases announced in the latest government may trigger a resurgence of inflation in the UK. Despite shop prices remaining in deflation in November, down 0.6 per cent month on month from a deflation of 0.8 per cent in the previous month, and …
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UK job market sees pre-Christmas uplift with new vacancies in retail and construction
The job market is experiencing a pre-Christmas uplift, as per recent research from Adzuna. In October, there was a 0.64 per cent increase in vacancies compared to six months ago, marking the first positive six-monthly reading for 2024. This suggests that the job market has stabilised following the significant drop in new job openings during …
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Scale-up firms might be few in number but their impact is immense
This week we will hold the first-ever UK Fast Growth Awards in London, where we will be celebrating the fastest-growing firms in the UK. Drawing on detailed research and a business community of more than 50,000 entrepreneurs, the awards celebrate the 50 fastest-growing firms in each of the seven nations and regions of the UK. …
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British Airways in major expansion at Cardiff Airport
British Airways has announced a multi-million-pound investment in its maintenance engineering facility at Cardiff Airport. The airline said it will expand one of three existing maintenance bays at the site to facilitate its larger long-haul Airbus A350 aircraft. This will create a second fully flexible bay, allowing more complex work to be completed. The base …
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Peel Hunt: ‘Missing piece’ in Reeves’ City growth push
Peel Hunt has stated that the government has shown a “fundamental shift” in its growth strategy, but needs to address the crucial matter of driving investment into the UK stock market. In an investor note released this week, Charles Hall, Peel Hunt’s head of research, emphasised that while Rachel Reeves’s Mansion House speech last week …

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