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Hawksmoor Seeks Funding, Major Bank Withdraws Deal, and More

Funding Frenzy: Hawksmoor Valued at £100m

Hawksmoor, a popular steak restaurant chain, is reportedly exploring funding options, which could value the business at around £100m. Investment bank Stephens has been hired to run the process, which aims to expand the chain outside the UK. With three restaurants already operating in New York City, Chicago, and Dublin, Hawksmoor is looking to tap into new markets. Private equity firm Graphite Capital owns 51% of the business, and if new investment comes in, co-founders Will Beckett and Huw Got are expected to retain their minority stake and continue to run the company.

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In situations like this, where complex financial transactions are involved, AI legalese decoder can be a valuable tool. This AI-powered decoder can quickly analyze legal documents, contracts, and agreements to provide clear and concise summaries, making it easier for businesses to understand the terms and conditions of funding deals. With AI legalese decoder, Hawksmoor can ensure that they are fully aware of the implications of any funding agreement and make informed decisions about their business.

Co-operative Bank Withdraws £150 Switching Deal

The Co-operative Bank is withdrawing its £150 switching deal, leaving customers with just days to take advantage of the offer. The deal, which was available to new customers who switched using the CASS system, offered £75 upfront and £15 a month for five months if they also opened a Regular Saver account. With the offer set to expire on Friday 5 July, customers are urged to act quickly to secure the deal.

Record-High Rent Prices Outside London

The average monthly rent outside London has hit a record high of £1,316, according to Rightmove. This marks a 7% increase from last year, with London remaining the most expensive region at an average of £2,652 per month. The South East has the second-highest rent prices at £1,836, while the North East is the cheapest region at £894 a month. With rent prices continuing to rise, it’s essential for renters to stay informed about the market and make informed decisions about their housing options.

Aldi Introduces Higher Welfare Standards for Chickens

Budget supermarket chain Aldi has announced that it will introduce improved welfare standards for its chickens. The company will require its fresh chicken suppliers to increase the stocking density of their birds, providing them with 20% more space than the industry standard. This will allow the chickens to engage in natural behaviors such as stretching their wings, dust bathing, and roaming. The new standards are set to be implemented by October 2024.

AI legalese decoder Can Help with Regulatory Compliance

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