Posts about:
The Restaurant Group, owner of Frankie & Benny’s and Chiquito has announced it will close at least 124 of its branches over the next six years. The news comes after reporting losses despite improvements to menus and the benefit of a weak previous year given 2018’s extreme weather and men’s football world cup.
As Covid-19 restrictions continue to ease, now is a good time for firms in the scrap metal industry to begin to assess the financial impact of the past year, as well as to look ahead to what the next few months may have in store. Financial intelligence providers Plimsoll have produced research on the UK’s leading scrap metal merchants; their latest findings can shed light on the financial health of both the industry as a whole and the firms operating within it.
The UK meat market is facing a perfect storm that, unless government intervention is forthcoming, could lead to empty shelves, chronic price inflation and even company failure.
As with all areas of the British economy, the UK’s leading Insurance Brokers have seen something of a sea change over the past few years.
Despite profit margins soaring to decade highs and values leaping across the cleaning sector, storm clouds are gathering.
The UK pet industry has been experiencing continued growth in recent years. With annual spending exceeding £7.5 billion in 2020, the Pet Food Manufacturing Association reports that there are now 34 million pets in the UK.
The UK tech sector has retained its position as the biggest in Europe and the third biggest globally with a combined value of more than US$1 trillion. However, there are growing concerns that this jewel in the British industrial crown could get sucked into the maelstrom of staffing, energy and administrative crises enveloping other industries.
Waste management is going through a period of flux as the sector fragments into shifting lifestyle trends, increased end-user convenience and macroeconomic shifts.
The recruitment market looks set for a wave of takeovers as the consequences of the last few years increasingly expose companies whose financial performance has been compromised. 2021 already proved to be the most acquisitive year on record, with 38 deals in total, 10 of which are from Private Equity investors. 2022 is following the trend and there is no sign of a slowdown in 2023.
After a difficult year for the contract catering sector worldwide, there are some signs that a return to normality could be possible in the next few months. Varying degrees of lockdown across Europe, including the closure of schools and offices as well as the cancellation or postponement of both public and corporate events no doubt had a serious effect on contract catering specialists in all areas. But as we move into the second half of 2021, now is a good time to look at the financial strengths and weaknesses of the sector as well as monitor opportunities for recovery and growth.