Jamie Oliver and Wife Jools Take £2.5m Dividend Amid Business Profit Decline

Jamie Oliver and Wife Jools Take £2.5m Dividend Amid Business Profit Decline

Jamie Oliver and his wife, Jools, have awarded themselves a £2.5 million dividend from their enterprise, despite a significant drop in profits at their main company. The dividend received by the Olivers, both aged 49, is almost two-thirds less than the previous year and follows the launch of a new restaurant after the collapse of…

Home Reit Faces Heavy Legal Fees amid Shareholder Litigation

Home Reit Faces Heavy Legal Fees amid Shareholder Litigation

The board of the embattled Home Reit has accumulated £5 million in legal fees as it defends against shareholder litigation. In a circular to investors ahead of next month’s vote on the potential “managed wind-down” of the housing-for-the-homeless group, Chairman Michael O’Donnell stated that the company intends to “vigorously defend itself” against the threatened litigation…

Bridgepoint and Cinven Express Interest in Acquiring Stake in Grant Thornton

Bridgepoint and Cinven Express Interest in Acquiring Stake in Grant Thornton

Bridgepoint and Cinven have entered the lineup of private equity firms considering bids for Grant Thornton, the UK’s sixth-largest accountancy firm, which is commencing a sale process next month. According to insiders, these private equity heavyweights are examining Grant Thornton UK, which aims to sell a majority stake to external investors. Rothschild, the bank handling…

Royal Mail Proposes Reduction in Parcel Delivery Prices

Royal Mail Proposes Reduction in Parcel Delivery Prices

The cost of tracked parcel deliveries could drop by up to 20% under a reform of services being considered by the postal regulator. Royal Mail aims to incorporate tracked and end-of-day special delivery services into its regulated operations. This change would exempt these services from the 20% VAT, potentially making deliveries more secure for households…

Anglesey Mining Aims to Revive Parys Mountain Copper Production

Anglesey Mining Aims to Revive Parys Mountain Copper Production

An established mining company listed on the London Stock Exchange is planning to restart operations at a historic Welsh mine, dating back to the Bronze Age, rich in copper, zinc, and gold reserves. Anglesey Mining has filed an environmental impact assessment to revive mining activities at Parys Mountain, aiming to develop shafts over 2,000 feet…

Baillie Gifford CEO Steps Down Following ‘Artwashing’ Controversy

Baillie Gifford CEO Steps Down Following ‘Artwashing’ Controversy

After more than three decades, the long-serving head of Baillie Gifford, the asset management firm recently caught in an ‘artwashing’ controversy due to its sponsorship of literary festivals, is stepping down. Andrew Telfer, 57, one of the three managing partners, will retire in March next year after an almost 33-year tenure at the Edinburgh-based company….

Grant Thornton Attracts Interest from Leading Private Equity Firms

Grant Thornton Attracts Interest from Leading Private Equity Firms

Prominent private equity players are eyeing Grant Thornton, possibly initiating a bidding process for the UK’s sixth-largest accounting firm as early as next month. CVC, the European owner of La Liga, is scrutinizing Grant Thornton’s UK operations, which employ around 5,500 people, with the intention of placing a bid. KKR has also been evaluating a…

WH Smith Launches Its First Ever Café in Southampton Hospital

WH Smith Launches Its First Ever Café in Southampton Hospital

For many, WH Smith is synonymous with buying books, magazines, or picking up stationery. Now, after 232 years of operation, WH Smith has ventured into the café business by opening its very first café. The inaugural Smith’s Kitchen officially welcomed customers on Thursday at Princess Anne Hospital in Southampton. This 26-seat, 495 sq ft café…