Profits among the top 100 restaurant groups in the UK have experienced a small decline over the past year, as rising living costs have led consumers to reduce their spending. Research conducted by UHY Hacker Young highlights that the largest restaurant businesses in the country, which include well-known names such as Pizza Express, Bill’s Restaurants,…

Unilever has finalized the sale of its Russian subsidiary to a local manufacturing firm for approximately €520 million, following persistent pressure to withdraw its operations from the country after the invasion of Ukraine. The London-based consumer goods company, which has faced accusations of being a «sponsor of war» for its delayed exit from Russia, announced…

A recent analysis reveals that salary increases significantly outpace inflation across various sectors in Britain, based on payroll data from 90,000 companies. Small and medium-sized enterprises reported an average wage increase of 8.2% in the year leading up to September, far higher than the consumer price inflation rate of 2.2% recorded in August. This increase…

Adrian Bryant, aged 64, co-founded ADM Computing in 1984 in Canterbury. The company initially focused on selling printer ribbons and floppy disks, progressing to trading early home computers, including BBC Micros and Amstrads. Eventually, they transitioned to providing IT services for businesses. With the addition of his 28-year-old son Kailas, the communications manager, Bryant has…

Last week’s announcement from the Bank of England captured attention primarily for the 8-1 vote to maintain the interest rate at 5 percent. However, a significant decision that received less attention was the plan to accelerate the reduction of bond sales to investors. This measure, referred to as quantitative tightening, is set to decrease the…

3i Group stands out as a top performer in the FTSE 100, boasting a remarkable return of over 250 percent in just five years. This impressive growth is largely attributed to one standout asset: the Dutch discount retailer, Action. In 2011, 3i made a significant investment, putting €279 million (£233 million) into Action. Fast forward…