Competition watchdog moves closer to green light on Amazon and Deliveroo deal June 23, 2020 The Competition and Markets Authority (CMA) is set to make the first step in giving the tie-up between Amazon and Deliveroo the green light. The announcement, which could be made this afternoon, would reissue a provisional approval of Amazon’s £442m deal to buy a 16 per cent stake in Deliveroo, Sky News reported. The watchdog [...]
Tech Nation lines up potential buyers for assets as closure looms February 12, 2023 Start-up group Tech Nation has reportedly lined up a host of potential bidders for its assets as it prepares to permanently close its doors at the end of March.
Domino’s slams Amazon’s £442m investment in Deliveroo May 14, 2020 Pizza takeaway chain Domino’s has slammed a watchdog’s decision to give the go-ahead to Amazon’s £442m investment in Deliveroo, saying the decision will harm competition and consumers. The Competition and Markets Authority (CMA) provisionally cleared the investment in April over concerns that Deliveroo could collapse without extra financial backing due restaurant closures during the coronavirus [...]
Caffe Nero shrugs off inflation as Brits’ coffee habits drive sales of £150m January 30, 2023 Caffe Nero generated UK sales of £150m for the first half of the financial year, averaging 104 per cent of pre-pandemic levels and an increase of 17 per cent for the same period in 2021. The coffee chain added Deliveroo and Just Eat to its delivery partner service last year, which it said helped secure [...]
Uber launches ‘money saving’ subscription service for Brits May 26, 2022 In a major pivot towards a recurring revenue, Uber has finally launched its new membership programme, Uber One, in the UK.
City A.M. Awards 2023: Environmental, Social, and Governance Award February 15, 2023 In partnership with ‘ESG’ has never been more in focus than it has been over the past year, with the City going green at pace. But it’s not just about saying the right things, but doing them – and using innovative new products to finance them, too. From big to small, businesses are on the [...]
City A.M. Awards 2023: Analyst of the Year February 15, 2023 City watchers are more valuable than ever, and these analysts have consistently got the big calls right. We recognise those who put the hard yards in to know their businesses and sectors – and who are willing to go out on a limb. Craig Lowrey bio Dr. Craig Lowrey is a Principal Consultant at energy [...]
LSE defends itself against criticism over tech firm valuations January 13, 2022 The London Stock Exchange has defended itself after criticism that it was “toxic to tech companies” by an investor in Darktrace and Deliveroo. Neil Shah, the LSE’s tech sector specialist, told The Telegraph that there were “lots of good companies achieving robust valuations in London”. Many of the tech firms that have gone public in [...]
Johnson to meet tech bosses in push to make London more attractive for IPOs January 31, 2022 Boris Johnson will today meet with a group of tech bosses to discuss how to make the UK a more attractive destination for Initial Public Offerings (IPOs) post-Brexit. It comes as the government is set to shed or ease a series of EU regulations on financial services later this year in a bid to boost [...]
The City View: P&O Ferries in hot water, and the Fed and BoE hike rates March 17, 2022 Today Andy Silvester returns to host The City View — he chats to City A.M.’s Economics and Markets reporter Jack Barnett about the Fed and Bank of England’s rate hikes, and the Monetary Policy Committee statement that further tightening of monetary policy may be needed in the next few months. Andy also takes us through [...]