17,650 source-backed business facts - each attributed to a named person and a number, linked to the original source. Page 23 of 177.
“raising €3bn in fresh capital through the sale of expansion franchises”
“add new franchises from 2027, expanding EuroLeague from 20 to 24 teams”
“more than 20 franchise bids totalling €1.2bn”
“EuroLeague’s new franchises are likely to fetch €50m-€100m each, or around 10 per cent of the price quoted for entry to NBA Europe”
“Even in the worst case scenario, five teams go [to NBA Europe], the EuroLeague will still have 15 teams”
“NBA’s pitch for 12 teams in markets including London, Manchester, Milan, Paris, Berlin and Munich”
“some, including London, exceeding $1bn”
“not all markets have attracted the $500m target yet”
“As a result, the firm’s operating costs jumped 11 per cent to €3.8bn in the three months to June and its pre-tax profit slumped by 36 per cent to €593m.”
“Traffic jumped six per cent in the first quarter of this year but lower fares meant that the airline’s revenue slipped by one per cent to €4.3bn in the period.”
“The airline said that 80 per cent of its fuel needs for the current financial year are fixed at $67 per barrel.”
“But Ryanair’s energy costs are set to jump next year, with 15 per cent of its requirement for the 2028 financial year hedged at $85 per barrel.”
“Ryan was in the headlines last week after it won a “very competitive” bid to acquire European tax adviser Svalner Atlas Advisors in a deal reportedly worth $400m.”
“Pret A Manger has dumped the franchise agreement which it had launched to expand in the US after just two years, its latest accounts revealed.”
“Pret reported its sales jumped by 2.7 per cent, which it put down to the expansion of its store footprint and a boost to sales in the UK.”
“The growth was driven primarily by expansion of the global shop estate and higher shop sales in the UK, partially offset by the performance of Empire JointStar,” it said.”
“Pret cut the price of its Arabica filter coffee to 99p in July 2024, and slashed prices elsewhere on croissants, egg sandwiches and tuna baguettes.”
“The coffee chain said it has seen a “strong” start to this year, with UK sales up eight per cent in the first four months of 2026 as it sees higher customer footfall.”
“Stuart Machin, M&S’ chief executive, told shareholders on Tuesday that the retailer was hit by £150m in extra taxes this year. This included the Extended Producer Responsibility (EPR) levy on non-renewable packaging, which Machin said cost…”
“M&S saw its profit slump by 29 per cent to £365m in the year to March despite growing revenue, as it took a £131m hit from the incident.”
“The retailer has looked to its M&S Food arm to drive its recovery, with sales in this arm of the business jumping by seven per cent to £9.7bn in the period.”
“Qinetiq, the defence research group, has agreed to sell its UK underwater systems business for £23.5m”
“Atlas Elektronik will take over the business, which makes sonar acoustic counter measures for customers such as the Royal Navy, protecting about 220 jobs in Dorset.”
“The company, which was formerly the UK’s national research centre and was privatised in 2006, has made more than 15 acquisitions in the past five years”
“Singapore Airlines, the world’s biggest carrier by market value, warned yesterday that the recent outbreak of swine flu could delay a recovery in air travel as it reported a 92 per cent drop in quarterly earnings.”
“The retail empire, which spans Sports Direct and Flannels, already sits as Hugo Boss’s largest investor with a stake north of 25 per cent”
“If successful, the deal would be worth around €1.98bn (£1.73bn)”
“and is expected to complete in the second half of the year, subject to regulatory approval.”
“The retail empire, which spans Sports Direct and Flannels,”
“"Many countries might potentially host a large number of factories in Europe," He Xiaopeng told reporters in Munich.”
“A survey of around 460 businesses showed that around one in five said graduates lacked the skills needed, with the figure rising for defence firms.”
“The findings reflect the country’s struggles to upgrade Britain’s military capabilities and curb youth unemployment, which is at an 11-year high.”
“who spent nearly 6,200 euros ($7,186) for her current avatar.”
“Bilateral trade grew by around 10 percent last year, he said.”
“Engie will contribute 25 million euros to help with “the reconstruction and sustainable regeneration of destroyed forests,””
“With calls for his head growing during the depths of the banking crisis last year, Goodwin struck a heavily-criticised deal with the RBS board that allowed him to take early retirement at 50 without taking a reduced pension under the bank’…”
“In the last year, the firm grew its revenue 57 per cent to just shy of £75m.”
“Thought Machine was founded in London over a decade ago and fetched a $2.7bn valuation in a 2022 funding round.”
“If you’re going to sell all this today in the market, you wouldn’t sell it for less than $10bn minimum.”
“But in its 2024 accounts, the fintech confirmed it had "curtailed" its US operations whilst it focused on investing in its home market.”
“But hiring has picked up since and its latest account showed a steady eight per cent increase in 2025 to 255.”
“In June, Deloitte named the firm the fastest-growing fintech unicorn in Europe – for the second year-running.”
“Key to Belamant finding a voice in the industry has been the influence of his lieutenant or ‘chief business officer’, Ryan Mendy. The pair were “catalytic” in co-founding and helping steer the UK’s Unicorn Council, a $150bn assembly of fin…”
“In what one industry source referenced as the magnitude of Zilch’s “industry pull,” the firm convened its own separate roundtable graced by FCA chief executive Nikhil Rathi.”
“The steep fall in profit is attributed to deep restructuring costs which has resulted in eight per cent of UK staff being made redundant, including 130 salaried lawyers and 115 other staff since 2007.”
“The shake-up will mean the firm will lose around 15 per cent of partners by the end of the year.”
“Allen & Overy and Linklaters are also likely to suffer a decline in profit as they absorb significant restructuring costs, having made hundreds of staff redundant this year.”
“The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.”
“That vastly outweighed the £10.2m profit that the club made, and dampens the optimism generated by the team’s strongest challenge for the Premier League title in years last season. ... Liverpool recorded a record turnover of £159.1m last y…”
“The package holiday provider revealed that it defied the travel chaos caused by the Middle East conflict to instead take a £388m balance sheet boost from rising jet fuel prices.”
“Last year, as you’ve seen from the results, we absorbed 50 million pounds of additional regulatory costs that were imposed on us.”
“The holiday provider upped its seat capacity by eight per cent to 24m in the year to March and flew 20.8m passengers, five per cent more than the previous year.”
“Richard Hunter, head of markets at Interactive Investor, said that Jet2 has proved “it is no minnow. It is the third largest airline in the UK behind British Airways and easyJet, ahead of TUI and Virgin Atlantic.””
“In my book New Space Capitalism, I make the following proposal: companies that take the risk of financing and carrying out a mission to Mars should have the right to acquire land on the planet. States are not allowed to do so under the 196…”
“The move, which is expected to be completed in January 2027, will mark the end of a 28 year residency in the building.”
“Last week City PM exclusively revealed restaurant tycoon Richard Caring is in advanced talks to buy 1 Lombard Street, marking his first foray into the restaurant business since he sold his empire £1.4bn sale of his empire, which included T…”
“Allwyn also announced the launch of the world’s largest jackpot game, Powerball, into the UK market”
“Allwyn will also debut a new Lotto format on June 7 across UK operations”
“Lotto said that this new format will be “twice as exciting” with players benefiting from two chances to win the jackpot for every £2 ticket.”
“In the United States, Allwyn have benefitted from their recent majority acquisition of Prizepicks, the fantasy sport operator.”
“Friday's flight was the first after Musk's SpaceX went public on Wall Street in June, with a record initial public offering.”
“offloading 30 of them in January”
“the taxman took circa 95.5 per cent”
“reported a 16.7 per cent fall in retail sales of draught beer”
“0.7 per cent fall in volumes”
“reported a 9.2 per cent rise in turnover to £134.1m”
“pre-tax profit jumped 18.9 per cent”
“Staff costs jumped by more than £4m during the period, led by a £780,000 hike in national insurance costs”
“The company paid out total equity dividends of £3.3m, down from £5.2m the previous year”
“McMullen’s, which has more than 2,000 staff”
“owned over 100 pubs before offloading 30”
“took the decision to sell off its tenanted estate of 27 pubs”
“the company, which is known for its AK ale and Country bitter and is poised to celebrate its 200th anniversary next year”
“BRITISH AIRWAYS (BA) pilots agreed to a 2.6 per cent pay cut yesterday, as part of a package of measures designed to save the ailing airline £26m.”
“Walsh has asked thousands of staff to take pay cuts or work for nothing for a month in a bid to save cash.”
“The number of corporate bankruptcies is set to surge by 35 per cent this year, turning the world economy into a “burial ground” for businesses, according to a study by Euler Hermes, the credit insurer. In a study published today the Paris-…”
“Dairy Farmers of Britain, the milk cooperative, has gone into receivership, putting 2,200 jobs at risk, after losing a contract with Co-operative stores.”
“Triumph Motorcycles Group, the historic motorbike marque, enjoyed a 19 per cent rise in sales last year...”
“Triumph, which has enjoyed a resurgence since John Bloor bought the company in the 1980s, saw turnover grow 29 per cent to £284m in the year to June 30, 2008.”
“Spanish banking group Santander, which said last week that it was ditching the B&B brand”
“the first L’Occitane en Provence workshops were opened in Volx, north of Aix-en-Provence, and covered 7,000 square meters (75,350 square feet). Compare that to the 25,000 square meters (269,000 square feet) of the current facilities, locat…”
“The Territoire de Provence group (€34 million in revenue) brings together manufacturers specializing in almonds, olive oil, cookies, caramel and chocolate.”
“L’Occitane en Provence, which is celebrating its 50th anniversary this year.”
“Paul Hastings enjoys revenues of $2bn”
“The trade body said international football matches usually deliver a 40 per cent sales uplift at hospitality venues.”
“Pubs, bars and restaurants saw a 42 per cent boost in sales during England’s group stage games at the 2024 Euros, it said”
“with this climbing to 56 per cent for the final.”
“Greene King, the UK’s second-largest pub operator, said it has seen an even bigger boost than at the Euros, with bookings in England and Scotland up by more than 40 per cent compared to during the tournament in 2024.”
“Yet, hospitality firms say hikes in the minimum wage and national insurance contributions are driving up the cost of hiring, with two-thirds of businesses set to cut jobs in response to higher taxes.”
“However, we are showing all World Cup games, so we’re hoping for a useful boost in trade, touch wood.”
“The British Beer and Pub Association (BBPA), which represents pub landlords, said the World Cup will offer an “important boost” for pubs and brewers.”
“Emma McClarkin, the BBPA’s chief executive, said: “Pubs are the best places for community spirit and celebration, and I’d urge everyone to support their local this summer and head to the pub to watch the matches and make memories. “[The] g…”
“according to OC&C Strategy partner Paul Zwillenberg”
“Lloyds said whilst it was “disappointed” it would not challenge the scheme.”
“Meanwhile, Santander has also confirmed it will not challenge the scheme.”
“Heineken, the premium continental beer, have been proud sponsor of the Heineken Cup since its inception in 1995”
“And from this summer Premier League clubs will scrap the use of gambling and casino brands from the front-of-shirt sponsorship slot on their kit”
“The workforce will ultimately be reduced by around 8,000 people by the end of 2027, the source said.”
“About 40,000 of BMW's roughly 85,000 permanent German employees would receive the offers from October, the source said.”
“BMW employs about 154,000 people worldwide.”
