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Brighton Pier owner plans to delist from stock market

The Guardian

|

April 03, 2025

The leisure group that owns the 126-year-old Brighton Palace Pier is planning to delist from the London stock market and return to life as a private company, in the latest blow to the capital's junior market.

- Joanna Partridge

Brighton Pier owner plans to delist from stock market

Brighton Pier Group, which also owns several bars and mini-golf sites around the country, told investors it intended to cancel its listing on London's Alternative Investment Market (Aim) after more than 11 years, blaming bad weather, falling consumer spending, rising wage costs and higher interest rates.

The news led to shares in the company ending down 60% yesterday.

The group, which is chaired by the former Pizza Express and Patisserie Valerie boss Luke Johnson, said it had faced "persistent challenging trading conditions" since the pandemic, forcing it to cut costs and sell underperforming assets.

The Guardian からのその他のストーリー

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time to read

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3 mins

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Gen Z group to march in Peru despite new state of emergency

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time to read

2 mins

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Napoleon's army was weakened by fever, new DNA testing confirms

When Napoleon ordered his army to retreat from Russia in October 1812, disaster ensued. Starving, cold, exhausted and sick, an estimated 300,000 troops died.

time to read

2 mins

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After London summit, Zelenskyy says US must stay involved in peace efforts

Volodymyr Zelenskyy said yesterday that Ukraine wanted the US to stay involved in efforts to end the war, after a meeting of western allies in London that took place without Donald Trump.

time to read

3 mins

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Six Britons jailed for pro-Russia attack on warehouse

Six Britons acting for the pro-Russia Wagner group of terrorists have been jailed for setting fire to a London warehouse storing humanitarian aid for Ukraine.

time to read

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The result A new kind of electorate is far more willing to ditch the two big parties

Plaid Cymru’s byelection victory in the Welsh town of Caerphilly is unprecedented. Labour had won every election here for more than a century. Yet the result also feels strangely familiar.

time to read

2 mins

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