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Gateley posts record revenue, CEO plans step down

Gateley reports a record FY26 revenue of £194.3 million and confirms chief executive Rod Waldie will step down in August 2026, with Martin Pike serving as interim CEO during the transition. The group also resets its dividend policy to a lower total payout of 5.3 pence per share for the year, including a final 2.0p, in pursuit of sustainable growth and improved margins.

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Photo: Johnvedwards / Wikimedia Commons (CC BY-SA 3.0)

Frasers surpasses 30% Hugo Boss stake, triggers bid

Frasers Group has pushed its Hugo Boss stake above the 30% threshold, triggering a mandatory takeover bid for the remaining shares, and now holds about 30.28% of the stock. The €38-per-share offer remains open until 27 July, while Hugo Boss has urged investors not to accept, saying the price undervalues the business.

12 sources

Photo: Paul Wyss / Wikimedia Commons (CC BY-SA 2.0)

Marston's World Cup Surge Drives Growth

Marston’s reported a strong World Cup trading period with England matchdays delivering 22% like-for-like sales growth and Grandstand pubs up about 170% year-on-year, while newer formats like Grandstand conversions are delivering around 30% LFL growth; however, year-to-date sales are 1.6% lower due to softer off-peak conditions. The company outlined plans to accelerate investment with around 100 Grandstand conversions in FY2027, target leverage near 4x, and resume shareholder returns via buybacks as conditions allow.

5 sources

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Gateley posts record revenue, CEO plans step down

Frasers surpasses 30% Hugo Boss stake, triggers bid

Marston's World Cup Surge Drives Growth