M&B profits jump 20% amid £130m cost pressures
Mitchells & Butlers reports strong £2.7bn revenue and 20% profit growth while facing £130m cost pressures from wage hikes and inflation. Discover how pub giants navigate economic challenges.
Category : Search result: hospitality acquisition
Deutsche Börse in £5.3bn Allfunds Acquisition Talks
German exchange operator Deutsche Börse is negotiating a potential €6bn takeover of fund platform Allfunds, creating a European investment giant. Discover the implications.
RCHL Credit Downgraded Over Telegraph Takeover Bid
Daily Mail's parent company RCHL faces credit rating downgrade by S&P Global amid Telegraph Media Group takeover concerns. Read the latest business news analysis.
Budget 2025: Business Rates Changes Explained
Chancellor Rachel Reeves announces lower business rates for retail and hospitality, funded by a new levy on large properties. Discover the full impact on UK high streets.
Budget 2025: Hospitality Industry 'Deeply Concerned'
The UK's Autumn Budget offers little relief for the struggling hospitality sector, with no VAT cuts and a business rates reduction described as 'too little, too late'. Industry leaders fear widespread closures.
Budget: Lower Business Rates for Retail & Hospitality
Chancellor Rachel Reeves announces permanently lower business rates for retail and hospitality, funded by higher levies on online giants' warehouses. Will it save the high street?
Katjes buys Graze from Unilever for £35m
German confectioner Katjes Group is in advanced talks to acquire snack brand Graze from Unilever for about £35m, a fraction of its 2019 purchase price. Discover the details.
London Tourist Tax Threatens Hospitality Collapse
Central London Alliance warns proposed tourist tax could shutter businesses and damage London's competitiveness. Industry leaders demand rethink of economically harmful policy.
English Mayors Get Power to Levy Tourist Tax
Chancellor Rachel Reeves gives English mayors power to impose a tourist tax on overnight stays, sparking hospitality industry backlash over cost of living concerns.
Soho House Manchester Opens with Wellness Focus
Soho House CEO Andrew Carnie reveals how wellness has replaced hedonism at the new Manchester club, featuring rooftop pools, IV drips, and a 2,500-strong waitlist.
Nando's posts £38.2m profit after years of losses
Nando's has returned to profit for the first time since 2016 with £38.2m, but warns Rachel Reeves' tax hikes threaten future performance. Discover the full financial turnaround.
Hotel CEO: 'No Confidence' in Chancellor Rachel Reeves
Clermont Hotel Group's CEO Gavin Taylor voices 'no confidence' in Chancellor Rachel Reeves, criticising high VAT and a saturated luxury hotel market in London ahead of the Budget.
Former Crypto Boss Builds Companies for Private Equity
Discover how a former cryptocurrency executive is now creating businesses specifically designed for acquisition by major private equity firms like KKR and Apollo. Learn about this innovative investment strategy.
Daily Mail owner buys Telegraph in £500m deal
Daily Mail owner DMGT acquires The Telegraph for £500m, creating a powerful right-leaning media group. Discover the details and implications of this landmark deal.
DMGT strikes £500m Telegraph acquisition deal
Lord Rothermere's DMGT agrees £500m Telegraph takeover, creating right-leaning media powerhouse. Deal faces regulatory scrutiny - full analysis inside.
Daily Mail owner in £500m Telegraph takeover talks
DMGT confirms exclusive negotiations to buy The Telegraph for £500m, ending a two-year ownership saga. The deal faces regulatory scrutiny. Read the latest.
Peers call for independent Telegraph sale control
Lords urge government to take control of Telegraph auction amid concerns over UAE influence and DCMS handling. Will a white knight buyer emerge for the £500m media giant?
Euronext Buys Greek Stock Exchange for €48.5 Million
Pan-European exchange operator Euronext completes €48.5 million acquisition of Athens Stock Exchange, expanding its footprint to seven European markets. Discover the implications.
Hospitality Crisis: 111,000 Jobs at Risk in UK
UK hospitality leaders issue urgent plea for government support ahead of crucial Budget, warning of mass closures and job losses without immediate action on business rates and VAT.
Bain Capital Continues Amber River Acquisition Pursuit
US private equity giant Bain Capital remains in active negotiations to acquire London wealth manager Amber River as the bidding process extends. Discover the latest developments.
Iglu Cruise in £100m Flight Centre takeover deal
UK cruise specialist Iglu is nearing a £100m acquisition by Australia's Flight Centre Travel Group, signalling strong post-pandemic recovery and global cruise growth. Read the full story.
UK startups sold to US giants in exit crisis
Britain's thriving startup scene faces a crisis as 94% of successful exits go to American acquirers. Discover why UK founders are forced to sell abroad and how to bring back the Great British exit.
Joe Marler hunts fan who pooed in Twickenham VIP lift
Celebrity Traitors star Joe Marler and chef James Martin vow to find the culprit who defecated in a VIP lift during £1,250-a-ticket rugby hospitality event at Twickenham Stadium.
Evelyn Partners Opens First Bids in £400m Sale
Evelyn Partners launches first bidding round for £400m wealth management arm. Discover the key players and timeline for this major financial services deal.
UK Holiday Tax Could Cost Britons £518m
Chancellor Rachel Reeves may introduce tourist taxes on hotel and Airbnb stays, potentially costing Britons £518m annually. Industry warns of inflation impact.
Fresh tax raid on hotels and shoppers announced
Chancellor Rachel Reeves plans new tourist taxes and a sugar levy expansion to fill a £20bn fiscal hole. Discover how this impacts your wallet and the high street.
Telegraph takeover collapses, future uncertain
The £500m RedBird IMI takeover of The Telegraph has collapsed, leaving the media group's future uncertain and raising questions about its inflated valuation. Discover what happens next.
RedBird drops £500m Telegraph bid over China links
RedBird Capital consortium withdraws £500m Telegraph offer following newsroom opposition and scrutiny over China connections. Explore the implications for the media group's future.
De Niro's Favourite Film Is a Hidden Gem
Robert De Niro reveals his favourite film is 2009's 'Everybody's Fine' in an exclusive City AM interview. Discover the story behind this overlooked gem and Nobu's UK expansion plans.
Lloyds clinches £120m deal for digital wallet Curve
Lloyds Banking Group acquires fintech Curve for £120m despite investor fury over price and governance. Get the latest on this controversial UK banking deal.
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