News

Access the latest business news brought to you every fortnight from the team at Hunter Miller.


DigitalNov / 24 / 2017
Just Eat poised to enter FTSE 100

Just Eat is on course to enter the FTSE 100 after its stock market value rose higher than Sainsbury’s.

The takeaway website has soared in value since making its stock market debut in 2014, with the company now worth £5.6bn after gobbling up smaller rivals including Hungryhouse and SkipTheDishes.

Steve Clayton, the head of equity funds at Hargreaves Lansdown, said: “Twenty years ago it was all about going out to a restaurant, but now it is all about the meal coming to the home.


Read More: https://www.theguardian.com/business/2017/nov/23/just-eat-ftse-100-value-surge

RetailNov / 24 / 2017
YO! Sushi to Buy Bento Sushi to Expand in North America

YO! Sushi, the U.K.-based restaurant group, confirmed Monday its deal to acquire Canada’s Bento Sushi for 100 million Canadian dollars ($78.3 million) in a bid to expand in North America.


https://www.wsj.com/articles/uks-yo-sushi-agrees-to-acquire-bento-sushi-for-78-3m-source-1511161760

RetailNov / 24 / 2017
Ikea assembles budget da Vinci replica in ad mocking pricey art

With the help of ad agency Acne, the brand has marked the sale of a Leonardo da Vinci painting, in particular its eye-watering $450m price tag.

Ikea put forward the proposition that customers need not dole out half a billion dollars to have the Salvatore Mundi painting, an almost priceless relic of the renaissance, in their living rooms.

The retailer notes that for the price of the painting, an esteemed collector could purchase 15 million Billy Bookcases.


Read More: http://www.thedrum.com/news/2017/11/21/ikea-assembles-budget-da-vinci-replica-ad-mocking-pricey-art

TravelNov / 24 / 2017
Profits soar at Caffe Ritazza owner SSP as North America sales boom

The owner of Caffe Ritazza and Upper Crust has reported soaring profits on the back of strong growth in North America and Asia.

SSP Group, which operates restaurants in train stations and airports, said annual pre-tax profits climbed 37% to £144.8m, while revenues were up 19.5pc to £2.4bn.


Read More: http://www.telegraph.co.uk/business/2017/11/22/profits-soar-caffe-ritazza-owner-ssp-north-america-sales-boom/