Takeaway.com looks ahead to Just Eat after rise in revenue February 13, 2020 Takeaway.com saw a sharp rise in revenue prior to its merger with UK peer Just Eat. The figures Takeaway processed 159.2m orders in 2019, representing a 70 per cent compared with the year before. The average commission rate increased to 12.6 per cent in 2019 from 12.1 per cent in 2018, mainly driven by an [...]
Amazon’s Deliveroo investment raises competition concerns, watchdog finds December 11, 2019 Amazon’s proposed investment in food delivery platform Deliveroo has been thrown off course after the competition watchdog said the deal raises serious concerns. The Competition and Markets Authority (CMA) today said the investment may require an in-depth investigation. Amazon led a $575m funding round in Deliveroo in May, however the CMA has put the brakes [...]
FCA unveils plans to ban debt advice firms charging referral fees November 17, 2021 Debt packager firms will be banned from chasing commission to refer those in financial distress on to other providers of debt solutions, under new plans unveiled by the UK’s financial watchdog today. The ban concerns debt advice firms that rely on income from referral fees paid by the other firms that they recommend – a [...]
Sainsbury’s to cut hundreds of management jobs January 21, 2020 Supermarket giant Sainsbury’s said today it would cut hundreds of management roles. It said the move was part of its plan to further integrate Sainsbury’s with catalogue retailer Argos which it bought in 2016 in a £1.4bn deal. Sainsbury’s said it had reduced its senior leadership team by 20 per cent since the start of [...]
The legal issues around a European Super League: Can clubs really be banned from domestic leagues and players barred from World Cups? April 19, 2021 The battle lines over a European Super League may have been drawn but a legal fight that could last for years is only just beginning. Football authorities including the Premier League and Uefa have warned the rebel clubs they will be kicked out of existing domestic and European competitions if they push ahead. Players, too, [...]
Watchdog probes Viagogo’s $4bn Stubhub buyout on competition grounds December 13, 2019 Regulators will investigate whether secondary ticketing site Viagogo’s buyout of rival Stubhub will lessen competition in the market, it was announced this morning. The Competition and Markets Authority (CMA) is looking into whether to open a phase one inquiry into the $4bn (£3.1bn) transaction. Read more: Ebay to sell Stubhub to Viagogo for $4bn Stubhub, [...]
Google’s £2bn acquisition of Looker faces competition probe December 2, 2019 Google’s proposed acquisition of rival analytics firm Looker faces an investigation by the UK’s competition watchdog. Google agreed to buy Looker for $2.6bn (£2bn) in the summer as part of its efforts to expand the service’s cloud offerings. Read more: Price comparison rivals urge EU regulators to take action against Google However, the Competition and Markets [...]
Just Eat bags deal to deliver McDonald’s January 28, 2020 Just Eat today became the second UK delivery firm to partner with McDonald’s after signing a multi-million-pound deal with the fast food chain. The delivery giant, which is set to enter a £6bn merger with Dutch firm Takeaway.com, said the partnership will hit the road later this year. It comes as a blow to rival Uber [...]
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]
Post-pandemic surge in job vacancies benefitting low skilled male workers September 21, 2021 Workers in low paying occupations are in high demand post-pandemic with vacancies up by a fifth according to a new study. While recent ONS data showed that worker vacancies surged to a record 1m in August the IFS has revealed that demand is patchy across the jobs market. Vacancies in the lowest-paying third of occupations [...]