Asahi’s UK arm, which looks after Fuller’s-owned Dark Star Brewery and Cornish Orchards Cider as well as the Peroni, Meantime and Grolsch beer brands, has reported a pre-tax loss of £14 million for 2023. The business, which is headquartered at the Griffin Brewery in London’s Chiswick, saw its UK division’s losses plummet from the previous...
Category: Bussiness
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Supermarket discount battle erupts after shoppers cut spending
Supermarket prices are now 2 per cent more expensive than a year ago, according to industry data. Price rises drove shoppers towards discounts – sales of promoted items jumped by 7.4 per cent in September while full price sales rose by just 0.3 per cent. Grocery inflation was up from 1.7 per cent in August. Food...
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Teneo selected for administration of TGI Friday’s UK as operator Hostmore
The future of the TGI Friday’s brand in the UK is reportedly under threat, with news that the chain’s British operator has collapsed. Administrators from Teneo will now look for a buyer of Hostmore’s assets – putting 4,500 jobs at risk. Founded in 1965 in New York, TGI Fridays aimed to combine classic American dishes...
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Moore Kingston Smith’s legal team launches business immigration service
Moore Kingston Smith, a leading multi-disciplinary advisory, tax and audit firm, has launched a new business immigration legal service. The offering will be spearheaded by newly recruited immigration solicitor, Rebecca Hone. The cumulative legacy of Brexit and increasingly stringent immigration controls has made addressing labour shortages even harder. As clients struggle with the complexities of...
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Laura Shoaf Appointed Chair of Shadow Great British Railways
The Department for Transport (DfT) has appointed Laura Shoaf, Chief Executive of the West Midlands Combined Authority (WMCA), as the new Chair of Shadow Great British Railways (SGBR). Shoaf’s role will be to guide the government’s rail reforms and bring senior leaders together to implement improvements for passengers, working towards a more unified and efficient...
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AI falls down list of priorities among non-executive skills
In a major change of business sentiment, UK executives have said they are pushing AI to the backburner. As boards look to focus on immediate business risks, the importance of AI has decreased drastically, indicating a lack of confidence that the technology could help boost results quickly enough to counter current economic headwinds. ‘Navigating a...
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Four claims Kemi Badenoch made at Tory conference, fact checked
Kemi Badenoch, who has long been considered a frontrunner in the Conservative leadership race, has faced strong criticism throughout the party conference for her controversial comments. The shadow Housing Secretary, who was business secretary before the election, has long been known for her tough rhetoric and divisive stance on many issues from immigration to “woke”...
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Indian businesses eye the UK for global expansion
Indian businesses are eyeing expansion campaigns in the UK, according to research from Grant Thornton. However, while 89% of India’s mid-market see the UK as the top market to grow into, many feel that a lack of a free trade agreement between the nations could be holding them back. In spite of mounting human rights...
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UK college announces scholarships for aspiring footballers
Franklin Sixth Form College is set to launch a new scholarship program aimed at young footballers beginning in October 2024. The Franklin Sixth Form College Scholarships 2025 will feature the Grimsby Town Football Club (GTFC) Football Shadow Scholarship, offering students a chance to receive high-level football training alongside a full-time education. According to the institution’s...
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BIP UK appoints Paul Fenton as public sector partner
Multinational consulting firm BIP has selected Paul Fenton to become a partner in its public sector team. He brings more than three decades of experience to the role, having helped UK government and public services drive digital change throughout his career. Roei Haberman, chief executive officer, BIP UK, said, “As the government navigates a period...
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Iberdrola acquires British technology company Derryherk to boost the efficiency of its networks in the United Kingdom
Iberdrola has made a new purchase in the UK, following the acquisition of Electricity North West (ENW) at the beginning of August. The company chaired by Ignacio Galán has acquired the technology company Derryherk through ScottishPower, its British subsidiary. The acquired company’s technology improves the data connectivity of ScottishPower’s grid through innovative problem detection, capacity...
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UK Conservatives Face Up to Opposition Reality After Quiet Business Day
(Bloomberg) — Britain’s Conservatives have struggled to fill out the corporate day event at their annual conference this year, in stark contrast to their self-branding as the UK’s party of business. Attendees in the room on Monday at the Birmingham convention’s Business Day described a sparsely attended fixture, with only around 100 guests sitting in...