Author: Scott Dylan

The Fortescue Arms, a notable establishment in Woolacombe, is undergoing a significant transformation following a recent acquisition. The pub has been sold to local hotel operator Richard Wheeler, who intends to revitalise it with innovative culinary offerings, including a Sunday Carvery. This landmark venue, located within a stunning natural setting, has various amenities set to enhance visitor experience. The property’s acquisition was handled by Christie and Co, drawing considerable interest from potential buyers.The Fortescue Arms in Woolacombe is set to experience a substantial refurbishment after its acquisition by Richard Wheeler, a seasoned local hotel operator. His plans for the venue…

BBC Radio 2 unveils its Autumn schedule featuring Johnny Marr as a new series host.Johnny Marr’s series will air on Radio 2, focusing on influential British groups.Listeners voted The Beatles as the Ultimate British Group in a Radio 2 survey.The survey panel included prominent figures like Jo Whiley and Vernon Kay.The popular Top 30 list spans iconic British bands across several decades.BBC Radio 2 has announced its Autumn line-up, highlighted by a new series hosted by renowned musician Johnny Marr. This upcoming series, titled “Johnny Marr’s Great British Groups,” will begin airing from midnight to 1am on 13th, 20th, 27th…

In a recent financial move, THG’s shares witnessed a notable dip.The Manchester-based company raised £95 million through a new fundraise.Existing shareholders, including CEO Matthew Moulding, invested heavily.The fundraising was intended to facilitate the demerger of the Ingenuity division.THG aims to focus on its Beauty and Nutrition sectors post-demerger.THG, a prominent ecommerce firm listed on the London Stock Exchange, recently experienced a decline in its share value by approximately 6%. This occurred subsequent to the company’s successful raising of £95 million in a fresh fundraising initiative. The fundraising, completed at a 5.2% discount to the prior day’s closing share price, saw…

In a pioneering effort to improve dental health among children, a new initiative has been launched to provide dental care kits to UK schools in some of the country’s most deprived areas.This effort, led by a major retail and personal care partnership, is set to distribute more than 70,000 dental kits to over 1,600 schools. This initiative addresses a critical public health issue as tooth decay remains the leading cause of hospital admissions for children aged five to nine years. Children in the most deprived areas are 3.5 times more likely to have a decaying tooth extracted than those in…

THG has successfully raised £95.4 million to fund the spin-off of its tech division, Ingenuity, exceeding its initial target of £75 million.CEO Matthew Moulding personally invested £10 million, with strong support from existing and new investors, including Frasers Group.The equity raise aims to simplify THG’s business as a profitable global consumer beauty and nutrition company.The Ingenuity division will transition to a private entity, while THG PLC remains publicly listed on the stock exchange.The group’s third-quarter revenue shows mixed results, with reported increases in Beauty and Ingenuity sectors but a decline in Nutrition.THG, in a decisive financial move, has raised £95.4…

SkinBioTherapeutics has announced its acquisition of Bio-Tech Solutions, marking its second major purchase.The acquisition was facilitated with financial support from key shareholders and internal reserves.Bio-Tech Solutions, based in Yorkshire, is known for health and hygiene product manufacturing.This strategic move aims to provide operational synergies and expand SkinBioTherapeutics’ product line.Company leadership emphasises the acquisition as crucial to its growth and transformation plans.SkinBioTherapeutics, a life sciences company based in Newcastle, has successfully acquired Bio-Tech Solutions Ltd (BTS) in Yorkshire for £1.25 million. This significant acquisition was financed through a combination of a three-year loan from a key shareholder, David Brierwood, a fundraise…

River Island has announced a significant financial downturn, attributed to strategic overhauls.The fashion retailer reported a pre-tax loss of £32.2 million for the year ending 30 December.Sales fell by 15%, attributed to increased competition and evolving consumer preferences.Operational challenges, including supply chain issues, have impacted stock and delivery timings.Despite financial losses, investments in store enhancements and digital experiences show promising signs.River Island has experienced a challenging financial year, closing with a pre-tax loss of £32.2 million compared to a previous profit of £7.5 million. This downturn is primarily linked to lower sales figures and heightened competitive pressures within the retail…

THG’s strategic reorganisation involves demerging Ingenuity as an independent entity valued around £100m.The separation aims to streamline THG’s focus on its core beauty and nutrition businesses, enhancing financial metrics.CEO Matthew Moulding leads a £75m equity raise to fund the demerger, signalling strong leadership commitment.Prominent investors, including Sir Terry Leahy, show support for the equity raising initiative, targeting a £33m shareholder contribution.Anticipation builds as the market awaits detailed demerger terms set to unlock shareholder value.E-commerce conglomerate THG has confirmed its decision to proceed with a strategic demerger of its Ingenuity division. This move comes as THG also launches a £75m equity…

The Solicitors Regulation Authority (SRA) has rebuked a North-West London law firm for failing to comply with an undertaking in a timely manner during a conveyancing transaction.Allsop Durn, located in Ruislip, faced scrutiny after it delayed 14 months to discharge a mortgage following the completion of a property transaction. The undertaking, originally given in June 2021, was not fulfilled until September 2022, when the buyers’ legal title was properly registered. This delay occurred despite the firm initially making enquiries with the relevant authority prior to the transaction’s completion.The issue was only brought to the firm’s attention by the buyers’ solicitors…

Mondelēz, the renowned confectionery conglomerate, has reported a significant decline in its UK pre-tax profits for 2023, despite witnessing an impressive rise in sales.According to the financial results, the company’s pre-tax profit plunged by 33%, amounting to £88.1 million in the fiscal year ending 31 December 2023. This decline occurred even as the company’s sales surged by 13.3%, reaching £2.21 billion. Mondelēz’s portfolio includes prominent brands such as Cadbury, Toblerone, Oreo, Belvita, Ritz, and Philadelphia.Interestingly, in a separate financial disclosure, Mondelēz revealed that Cadbury, one of its flagship brands, experienced a substantial increase in both profits and sales. Cadbury’s pre-tax…