Watch: Insider's Business Briefing - 12th August - video Dailymotion

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In today's Daily Business Briefing, Robyn and Simon discuss increasing turnover at a rugby club, deals and profits climbing in the retail world, and the North West rich list.

Transcript

00:00Rhino's Retail and Rich List, that's what's coming up and more in today's

00:04Daily Business Briefing.

00:11Hi, I'm Simon Keegan. And I'm Robin Hewson. So Robin, I know as a proud

00:17Sheffield lass you've probably picked out a Yorkshire story for us today, haven't you?

00:22I have. Every time I do the briefing I try and pick out a Yorkshire story.

00:26You can set your watch by it. But it's not a Sheffield one today, it's about

00:29Leeds. So turnover is up at Leeds Rhino's Rugby Club. So the Leeds Rhino's Club and

00:37Headingley Stadium are both owned by Caddick Group, who viewers, readers might know from

00:42property construction in the North West and Yorkshire. So they also own the club

00:46and the turnover grew to £11.6 million, which was slightly up on 2022. However,

00:51it was a bit of a difficult season on the field. So the men's side finished eighth in the Super

00:57League. The women's team fared a bit better. But unfortunately, they lost to St Helens at Wembley.

01:04North West team, you say?

01:06That's it.

01:07Although I grew up in Wigan, so I've got to be careful with my allegiance to St Helens.

01:10Yeah, there you go.

01:11I'm not saying anything else.

01:12Cheering for Leeds. So the club was boosted by record catering revenue this year of more

01:17than a million, as well as increased rental income from some new tenants. And they also

01:22boosted their attendance numbers. So more people wanting to watch the rugby.

01:25Oh, that's nice. Well, I've picked out some retail stories today, the ones that caught my eye.

01:31One in the South East, Primark, because they're Dublin headquartered.

01:36They've moved into Tunbridge Wells for the first time. And they've taken over the former BHS,

01:42which you're probably too young to remember.

01:44Yeah, I'm not familiar.

01:45British Home Stores used to kind of dominate the high streets and kind of like, you know,

01:49Debenhams. We're seeing the buildings getting used for other things.

01:54In the South West, it's a deal story, but it's also got a retail flavor.

01:59As a consortium of private equity investors have bought Hargreaves Lansdown for 5.4 billion,

02:07which has got to be one of the biggest deals, I would say, of the year.

02:11And that's the UK's largest retail investment platform.

02:15So some of the retail stories that caught my eye. Turtle Bay, which we've got one near us,

02:21haven't we?

02:21I've been for Bottomless Brunch there.

02:23Bottomless Brunch. Well, that sounds good.

02:26They're experiencing record high sales for that. That's great.

02:29They've got new sites in Blackpool, Camden, Lincoln and Glasgow.

02:34So there you go, readers and viewers, if you're near there,

02:38the Bottomless Brunch comes highly recommended.

02:41So talking of Turtle Bay, do you want to hear about the time

02:46I went to get a book out of the library on turtles?

02:49Go on.

02:49The librarian said, hardback. And I said, yeah, with a little head.

02:54Gosh.

02:55No.

02:56That was a dad joke.

02:57It is a dad joke. Other retail stories I picked out.

03:01Iceland, pre-tax profit of 15.6 million, compared to a 16 million quid loss the previous year.

03:09So they've obviously read more about that story online.

03:13They've obviously done great at turning things around.

03:17So you can read about any of these stories on our website as well.

03:22But talking of the magazine, we're just finishing off the September issue today.

03:27I've already told the viewers about Bernstein's Manchester,

03:30which I've been working on, and about the 4242 update.

03:35Of course, the 4242 list we've got next month.

03:39I did an interview with Together Money.

03:41But I know you've also been working with Together Money,

03:44haven't you, for a new interview series.

03:46So tell us a bit about that.

03:47So we've partnered with Together to do a new interview series

03:50all about the property leaders of the Northwest.

03:53So we kicked things off last month with Stephen Ashworth from Hurstford Holdings,

03:56hearing about how he sort of built that business up, which was really interesting.

03:59This month, we interviewed Adam Higgins from Capital & Centric.

04:03So I'd say Capital & Centric are one of, if not the most sort of high profile

04:07property developers over this way, after TV appearances and things like that.

04:11So a lot of people know who they are.

04:13But we sort of got into the backstory of how they got started

04:17and how Adam and Tim met and things like that, which is quite interesting.

04:20Talked about some of Adam's favourite schemes over the years.

04:23And then we also looked to the future at some of the new things they're doing.

04:26They're working on delivering homes for Northstow,

04:30which is going to be the UK's largest new town.

04:33So obviously, a really key priority for the new Labour government

04:35is creating these new towns across the country.

04:37So whereabouts is that new town?

04:39It's Cambridgeshire.

04:40So they're going to be delivering 2,000 homes there.

04:42And Adam gave us a bit of an insight into the type of homes that we're going to be seeing.

04:46So yeah, really interesting stuff.

04:47Oh, fantastic.

04:48Well, also in the issue, we've got the annual rich list.

04:52But what we're going to do is we're going to tell you more about this in the next couple of days,

04:56because we've taken a different approach to it this year.

04:59And we're going to have some exclusive online content for you.

05:03So watch out for that.

05:04Well, Robin, I think that's all we've got time for today.

05:06No more jokes?

05:07No more jokes, I'm sorry.

05:08Thank God.

05:09Maybe I'll have a few more next time.

05:11So it's goodbye from me.

05:13Goodbye.

Watch: Insider's Business Briefing - 12th August

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