Whitbread announce revenue growth of 6.3% to £3.1bn for the year to 2nd March Its Premier Inn hotel chain grew revenues by 8.9% over the year after improvements to and expansion of its portfolio. Overall profits at the company increased by 5.7% to £515.4m and it stated that it would focus on organic growth and efficiency in 2017. Read more.
Indian budget hotel chain Oyo Rooms near to US$250m funding target for international expansion The company, India's largest budget hotel chain, is being valued at US$850m by the investment from SoftBank. The valuation is a significant rise from August 2016 when it was valued at US$460m in a previous funding round, also backed by SoftBank. Read more.
Blow Ltd secures £3.5m funding from Unilever for international expansion The UK-based beauty start-up intends to rollout its service beyond its south eastern England base to Birmingham and Manchester. The funds will in part be used to support its overseas plans and the development of Blow Ltd's tech platform. Read more.