British competition watchdog to probe JD Sports’ £90m Footasylum merger May 17, 2019 The Competition and Markets Authority (CMA) is investigating JD Sports' merger with Footasylum, it confirmed today. JD Sports recently completed the acquisition of Footasylum in a deal worth £90m. Read more: Thomas Cook shares crash as investors urged to sell Both JD Sports Fashion and owner of Footasylum, the Pentland Group, have been issued with an initial [...]
Amazon leads £450m Deliveroo funding round as startup expands London tech team May 17, 2019 Deliveroo today confirmed Amazon is leading a $575m (£450m) funding round in the food delivery business as it plans to expand its London engineering team with some of the cash. Read more: Amazon in talks to invest millions in Deliveroo The round, including money from existing investors T Rowe Price, Fidelity Management and Greenoaks, takes [...]
Letter: Is the government right to focus on obesity as its top public health issue? July 29, 2020 Re: Is the government right to focus on obesity as its top public health issue? People with obesity are at a much greater risk of serious Covid-19-related complications and death. They are also more likely to require hospitalisation, ICU admission, and mechanical ventilation. Hence, addressing obesity makes sense not only as a way to prevent [...]
Hello Fresh reports soaring customer numbers in first quarter May 7, 2019 Meal delivery service Hello Fresh saw active customers jump 32.2 per cent, boosting revenue to more than €400m. Revenue was up 42.1 per cent from €295.6m in the first quarter of 2018 to 420.1 this year, while Ebitda fell 20.2 per cent to €21.7m. Read more: Hello Fresh revenues soar as it draws up recipe [...]
Hello Fresh reports soaring customer numbers in first quarter May 7, 2019 Meal delivery service Hello Fresh saw active customers jump 32.2 per cent, boosting revenue to more than €400m. Revenue was up 42.1 per cent from €295.6m in the first quarter of 2018 to 420.1 this year, while Ebitda fell 20.2 per cent to €21.7m. Read more: Hello Fresh revenues soar as it draws up recipe [...]
Why online masterclasses will be the hot food trend of 2021 January 20, 2021 While virtually every other industry has been busy digitising for the last decade or more, the restaurant world remained resolutely analogue. Modern kitchens are still built around the Brigade de cuisine hierarchy developed by Georges Auguste Escoffier in the 19th century, and the idea of giving up the level of control afforded by the walled [...]
Pub and restaurant sales jump in second week of trading July 24, 2020 Pub, bar and restaurant sales started to improve in the second week after lockdown was lifted as more sites reopened, the latest research showed. Hospitality businesses in England were allowed to reopen from 4 July as the coronavirus lockdown was eased, but sales jumped in the week beginning 13 July as more venues opened and [...]
Sterling sinks after ‘simply shocking’ UK manufacturing data September 2, 2019 Sterling plummeted against the euro and the dollar in response to weak UK manufacturing data as economists warned “there is no clarity whatsoever” surround Brexit. Markets panicked as figures showed output from the UK manufacturing sector sank to a seven-year low in August, sending the pound down against major currencies. Read more: UK manufacturing output [...]
British companies planned 300,000 redundancies in June and July September 8, 2020 UK employers planned more than 300,000 redundancies this summer as the coronavirus pandemic continued to take its toll on the economy. Figures obtained by a BBC Freedom of Information request show 1,784 firms made plans to cut nearly 150,000 jobs in July, a near sevenfold increase on the year before. While in June, 1,888 employers [...]
UK mortgage approvals beat expectations as housing market reopens July 29, 2020 UK mortgage approvals beat expectations and rocketed in June as the housing market reopened from the coronavirus lockdown, the latest figures have shown. The number of mortgages approved by UK banks rose to 40,000 in June after May’s record crash to just 9,300, the Bank of England said today. Analysts had predicted a rise to [...]