GMR Group Acquires Utilita Bowl Stake; Centrica Grants; The Works Reports Growth

The Business Magazine Newscast

These are the top stories making the headlines across The Business Magazine website today:

Utilita Bowl owners sell to global investor in landmark deal for British cricket

GMR Group, co-owner of Delhi Capitals, has acquired a majority stake in the company behind Utilita Bowl, marking Hampshire Cricket as the first English club to join an international cricket group, with plans for long-term growth and financial sustainability.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/utilita-bowl-owners-sell-to-global-investor-in-landmark-deal-for-british-cricket/

Energy for Tomorrow offers grants of up to £100k for South West projects

Centrica's Energy for Tomorrow social impact fund is offering grants of up to £100,000 to South West social enterprises, charities, and non-profits for innovative energy projects aimed at creating a greener, fairer future.

Full story here: https://thebusinessmagazine.co.uk/esg/energy-for-tomorrow-offers-grants-of-up-to-100k-for-south-west-projects/

Growth in the works for Midlands arts and crafts retailer

Coleshill-based retailer The Works reported a 0.9% revenue growth to £282.6 million for the year ended May 5, 2024, with store sales up 0.6% but online sales down 12.4% due to a challenging trading environment and operational issues before Christmas.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/growth-in-the-works-for-midlands-arts-and-crafts-retailer/