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Leisure attraction group Merlin has announced its share prices in anticipation of its initial public offering, valuing the company at £3.3 billion.The company could offer up to 30% on the London stock exchange as part of a plan to reduce debt. For a minimum commitment of £1,000 investors will receive...
Marks & Spencer has announced a sneak preview of its highly-anticipated Christmas TV campaign – ahead of its customer premier on the M&S website and social channels on Monday 4th November.Starring a British cast of Rosie Huntington-Whitely, David Gandy and Helena Bonham-Carter, this year’s ad takes viewers on a spectacular,...
A rise in sales in international markets has seen profits beat expectations at Burger King. In the July to September trading period, net profit $68.2 million (£42.2 million), as against $6.6 million in the same period a year earlier driven by a 90% reduction of costs. Burger King saw sales...
Discount chain B&M may be planning a floatation, according to reports. According to Sky News, Clayton Dubilier & Rice (CD&R), the investment firm which bought 60% of B&M approximately a year ago. The firm, which employs nearly 15,000 workers, is chaired by ex-chief executive of Tesco, Sir Terry Leahy. ...
Charity War on Want and union Unite have accused Alliance Boots of avoiding over £1.1 billion in taxes since 2008. According to a report published today, the company’s private equity owners have lawfully avoided paying “their fair share” of taxes through loading it up with loans from low-tax jurisdictions."Ministers have...
Fast food chain McDonald’s has said that it will no longer serve Heinz ketchup in its restaurants after Bernardo Hees, the former head of rival Burger King, took over as chief executive of the condiments group.The decision ends a 40 year pairing and follows the acquisition of Heinz by investment...
Debenhams’ £25 million refurbishment of its flagship store on Oxford street hit profits by £2 million after approximately 10% of its floor space was shut. The redevelopment includes a new floor and three new restaurants.The retailer, whose 200th anniversary falls on Christmas Day this year, has launched a range of...
The UK storm has hit commuters hard, with rail services across the south cancelled. Winds of up to 99mph have been recorded, as workers struggle to reach their destination with more than 40 fallen trees having been cleared this morning, but more expected as the tracks are inspected.South West Trains...
A Turkish immigrant widely credited with inventing the doner kebab has died.Kadir Nurman set up a stall in West Berlin in the 1970s selling meat and salad inside flatbreads.However, he did not patent the food and it became popular all across Europe. German companies producing the meat and the machinery...
A new report into the new high speed rail link across the UK has said that the only alternative would be “14 years of disruption” to the country’s rail networks.The report, by Network Rail and Atkins, said that upgrading current lines as an alternative to the high speed network would...
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