McDonald’s: Middle East boycott over free meals for Israeli soldiers hits sales January 5, 2024 McDonald’s chief executive, Chris Kempczinski, has blamed “misinformation” surrounding the Israel-Gaza war for flattening sales in the Middle-East. In a post on LinkedIn, the head of the fast food chain said calls for boycott have led to “meaningful business impact”. Kempczinski, said: “Several markets in the Middle East and some outside the region are experiencing [...]
Canary Wharf and Me: Padium and Urban Greens founder Houman Ashrafzadeh July 4, 2024 Padium and Urban Greens founder Houman Ashrafzadeh tells us about teary-eyed and sweaty-palmed moments in business.
Aldi rewards property agents who help budget grocer find new London sites March 21, 2024 Discounter Aldi is dishing out financial rewards to London property agents who help them find new supermarket sites.
Deliveroo, Just Eat and Uber Eats urged to reform after reports of children working as riders November 14, 2023 Rules reportedly enable children to work as delivery riders, despite 18 being the minimum age, as “substitute” couriers aren't recognised.
Supermarkets hope for Euro 2024 boost as Asda and Co-op lose ground June 18, 2024 Asda and the Co-op are the only major supermarket brands in the UK to have lost market share over recent weeks, according to new figures.
Last orders! Rate of pub closures reaches decade high as rate hikes and inflation bites August 7, 2023 The number of pub closures in the UK reached its highest quarterly figure in over a decade, new data reveals, as soaring costs force more of the country’s local watering holes to close their doors for good. Some 223 pub businesses entered insolvency in the second quarter of this year, up from 200 in the [...]
Year of the Dragon: Top fine-dining Chinese restaurants in London February 12, 2024 From Peking duck carved tableside to steaming hot pot, these Chinese restaurants are the perfect places to cheer in the year of the dragon
Uber confirms acquisition of Postmates in $2.65bn food delivery tie-up July 6, 2020 Uber has bought up rival delivery app Postmates in a $2.65bn deal, the companies announced today, ending speculation of a tie-up between the pair. The all-stock deal represents only a slight increase on Postmate’s last private valuation of $2.4bn in September. Postmates will be kept as a separate app to Uber Eats, but some parts [...]
Legal & General upsizes with lease for City HQ in new Woolgate building September 3, 2024 Legal & General has signed a 15-year lease to move its headquarters to Woolgate, a new building set to open on Coleman Street. The move will see Legal & General hopping just down the road, from One Coleman Street to 10 Coleman Street. It will also be a slight upsizing for Legal & General, going [...]
Poundland owner Pepco to accelerate plan for new stores as profit booms December 13, 2022 Poundland owner Pepco will accelerate its store rollout strategy as it looks to entice cash-strapped shoppers, after posting elevated profit. The discount retailer said it was taking an increased focus on new stores in Western Europe and a refit programme in Central and Eastern Europe. Pepco was upping its annual capex spend to between €350m [...]