Author: Pop Card

Airbnb has pushed back against claims that its platform is contributing to the rise in house prices in Bristol. In a recently commissioned report, the short-term rental platform stated that its operations have “no discernible impact” on either housing affordability or the availability of homes in the city. The research, conducted by EY, found that properties listed on Airbnb for 90 nights a year accounted for just 0.24% of Bristol’s total housing stock. On average, hosts in the city rent their homes for less than four days each month, highlighting the minimal involvement of Airbnb in the local property market.…

Revolution Bars has resumed trading on AIM, following the successful implementation of a comprehensive restructuring plan. The move aims to stabilise the bar and pub group, which operates under popular brands such as Revolution, Revolución de Cuba, and Peach Pubs. This restructuring effort was seen as critical to preventing the company’s collapse after a period of financial hardship. At the heart of the restructuring, Revolution Bars issued over 1.26 billion new ordinary shares, helping to inject much-needed capital into the business. Additionally, around 20% of its venues were closed as part of a strategic move to focus on profitability. This…

Specsavers has maintained its £15m interim dividend to its Guernsey-based parent company, Specsavers Optical Group, despite seeing a decline in profits for another year. This payout mirrors the amount from the previous financial year, signalling the company’s commitment to its stakeholders as it continues its global expansion efforts. Recent filings at Companies House reveal that Specsavers’ pre-tax profits dropped slightly, from £327.7m in the prior financial year to £323.6m for the year ending February 2024. This follows a more significant decline from the £449.5m reported in 2022, according to City AM. However, the company experienced a rise in turnover, growing…