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PE-owned Everest optimistic despite profit fall

Today's Surrey, Sussex and Kent business news from Insider |
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Surrey, Sussex and Kent
Tuesday 25 October 2016

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Everest optimistic despite earnings decline

Private equity-backed double glazing company Everest, which has a manufacturing base in Kent, has reported a multimillion-pound fall in revenues and earnings in its latest financial year. However, the business has expressed confidence in its future following the appointment of a new senior management team.
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Deals

More than 120 jobs saved at specialist recruitment firm

A recruitment firm with an office in Surrey has purchased the business and assets of a Manchester-headquartered counterpart, saving more than 120 jobs.
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Insider Feature
Feature 1

Cyber crime and your organisation

In this short video, Steve Bewick, PwC’s director in forensic services, takes us through how cyber criminals are accessing corporate data and what businesses can do to protect themselves against the ongoing cyber threat.
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Business

Business fined after worker injured in shredder

A Kent-based recycling company has been handed a £300,000 fine after a worker was injured while repairing a shredder.
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Whitbread buoyed by Premier Inn and Costa growth

The listed group behind Costa Coffee and Premier Inn has hailed "another good set of results" with a rise in sales and profits on the back of strong growth in its two core brands.
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Profits fall at Hemmings’ pub company

Profits have fallen by a third at Trust Inns, the pub company controlled by Preston North End owner Trevor Hemmings.
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Intu launches £350m convertible bond offering

Shopping centre owner and developer Intu has launched an offering of £350m worth of guaranteed convertible bonds which will primarily be used to complete improvements costing more than £200m across its portfolio. The company also said it had traded well during the aftermath of the Brexit vote.
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Property

Wates appointed to £130m Select contracts

Wates Construction has been appointed to deliver three contracts across northern England worth more than £130m in total on behalf of Select Property Group.
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Purpose-built Kent care home acquired for £12m

A 100-bedroom, purpose-built care home in the Kent town of Tonbridge has been snapped up in a deal worth more than £12m.
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Independent pub group toasts new lease

An independent pub group has struck a deal to lease a historic, grade II-listed pub in Surrey.
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Historic seaside pub opens after £275k refurb

A Shepherd Neame-owned historic seaside pub in Kent has reopened following a £275,000 refurbishment.
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Insider Feature
Feature 2

Brexit and beyond - access to the single market vs freedom of movement

The EU's position appears clear - on leaving the EU the UK will not be granted access to the single market without accepting freedom of movement. This presents quite a conundrum for Theresa May's Conservative government: how can the government satisfy both the general public and the business community?
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Manufacturing

Doom Bar maker’s turnover passes £40m

Turnover has passed the £40m mark at Sharp's Brewery, best known for its Doom Bar beer, with distribution increasing to more than 7,000 pubs across the UK.
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Other News

UK wide decision makers - Complete Set of Top 500s - save £375

Insider Feature
Feature 3

Brexit survey – the results

We reveal the results of our South East Brexit Survey, and how the region's business community feels about the vote.
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