Newspaper article The Journal (Newcastle, England)

Companies Today

Newspaper article The Journal (Newcastle, England)

Companies Today

Article excerpt

VIVA LA REVOLUTION! The owner of the Revolution and Revolucion de Cuba bars says that total sales lifted 2.9% to PS111.8m in the year to the end of June, while like-for-like sales rose 3% over the same period, on strong food and drink sales.

The Ashton-under-Lyne-based Revolution Bars, which runs around 60 bars and has sites in Newcastle and Sunderland, said it plans a number of new bar openings before Christmas.

PAY-OUT BATTLE Insurance giant RSA is to fight the 1.25m euro (PS900,000) award to the former chief executive of its Irish operation over his dismissal.

The company said last month's record-breaking ruling in favour of Philip Smith was astonishing and confirmed plans to go to court in a bid to have it overturned.

He resigned in November 2013 and claimed he had been made a "fall guy" after RSA discovered issues in the claims and finance functions of the business in Dublin.

The company said at the time that reserves for claims were inadequate and 262m euro (PS186m) had to be pumped into the subsidiary. …

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