Diageo’s boss in Great Britain remains bullish about the firm’s performance in its home market thanks to an increasingly diverse audience for its hero stout, Guinness, and the rise of …
Investing
KPMG UK’s pretax profit falls as staff costs rise and revenue growth slows
KPMG UK’s profit before tax dropped nearly 20 per cent in 2023, the firm reported today, as revenue growth slowed and staff costs increased. The firm reported a profit before …
Saudi Aramco production cut prompts questions about future oil demand
Saudi Aramco said today that it will cancel a planned production boost after receiving orders from Saudi Arabia’s energy minister. Saudi Aramco, which is 98 per cent owned by the …
Morrisons sells forecourts arm to group under same PE owner in £2.5bn deal
Supermarket Morrisons has completed a £2.5bn deal to sell its 347 petrol stations to Motor Fuel Group (MFG). Both Morrisons and MFG are owned by Clayton Dubliner & Rice (CD&R), …
UK insolvencies skyrocket to 30-year high in ‘striking’ reminder of ‘onerous’ environment
The number of company insolvencies has soared to its highest level since 1993, as voluntary liquidations reached the most since records began in 1960. The Office for National Statistics revealed …
Upper Crust: Owner backs guidance but warns of potential hit from train strikes
Upper Crust owner SSP Group today reported strong sales boosted by a resilient demand for air and train travel, but warned of a potential future hit from ongoing train strikes. …
The Michelin Guide 2024 predictions: Our rising stars
On Monday 5 February, the great and good of the UK food scene will head to Manchester’s Midland Hotel to discover which restaurants have made it into the latest Michelin …
Marcus Rashford hit with one of biggest fines in Premier League history
Marcus Rashford could return to the Manchester United team this week despite receiving one of the biggest club fines in Premier League history. Rashford was reportedly sanctioned two weeks’ wages, …
The Glory had so much other London gay bars didn’t – its loss is very sad
The Glory closes its doors tomorrow When you think about gay venues, you imagine bars: loud, high intensity bars with crowds and queues. This was The Glory, but it was …
Sadiq Khan: Starmer attacking Sunak for ‘betting on misery’ won’t put business off Labour
Sadiq Khan has insisted Sir Keir Starmer’s attack on Rishi Sunak for “making millions from misery” during the financial crisis won’t put businesses off the Labour Party. The mayor of …