Hungryhouse serves up £50m fundraising April 23, 2014 THE OWNER of online food delivery company Hungryhouse has raised $85m (£50.5m) of new funding to help it compete with recently floated rival Just Eat. Delivery Hero said yesterday it will use the funds to strengthen Hungryhouse’s position in the UK and invest in Lieferheld, its sister site in Germany. The funds came from a [...]
Barings’ collapse: The reflections of rogue trader Nick Leeson, the man who crashed a bank February 25, 2015 Twenty years on from the collapse of Britain’s oldest merchant bank Barings and the rogue trader responsible for its demise is perched opposite me on a sofa in the rarified Palm Court tea room in the Langham Hotel, sipping tea and eating biscuits. Dressed in a pink shirt, blue jacket and jeans, the Nick Leeson [...]
FTSE reshuffle promotes UK’s new listed firms June 3, 2014 SIX NEWLY-LISTED companies,including Just Eat and AO World, are set to join the ranks of the FTSE 250 index as part of the index’s quarterly reshuffle. The overhaul is a sign of the radical reshaping of the investment landscape sparked by this year’s stock market stampede. The two stocks will join Pets at Home, Poundland, [...]
Sport Comment: Mike Ashley taking the biscuit in rations row December 18, 2014 MIKE Ashley may not – on the face of it – have much in common with Marie Antoinette, but he is similarly distanced from the reality of the eating habits of the common people. The Newcastle United owner and vastly wealthy Sports Direct founder has allowed his spiky relationship with the media at St James’ [...]
A weekend of gourmet indulgence with Heston Blumenthal on the Mont Blanc slopes February 5, 2015 You know a Heston Blumenthal meal is going to be something special. The same, it turns out, goes for a Heston Blumenthal holiday. The concept is a foodie’s wet dream: four days of crisp slopes, fine Italian wine and haute cuisine cooked by some of the world’s top chefs. Here’s how it came about: “Heston [...]
Inside Track: Just-eat.com just might serve up a London flotation July 25, 2013 LONDON’S reputation as a host city for start-up technology groups would be enhanced if some of the larger businesses would only decide to list here. While there’s no doubt the plan to set up a hub for tech companies around Old Street roundabout is making strong progress, there are still concerns that some of the [...]
The free trade deals that could turbo-charge the UK economy by £10bn February 11, 2015 Few know it, but you are all paying a secret tax. Trade tariffs and other protectionist barriers are a hidden part of the price you pay for almost everything you buy. Consider this: if we could do a trade deal between America and the EU, at one stroke we could create up to 2m jobs, [...]
Tesco is winning at Valentine’s Day. Here’s why February 11, 2015 Valentine's Day is just around the corner and what says love more than multinational retailers pushing their pink heart-shaped products you neither want nor need? Absolutely nothing. That's why between now and Saturday we will all be bombarded with adverts for all the chocolates you can eat (before the cocoa runs out) recipes for two, [...]
Bupa: Workers who skip lunch risk harming their productivity January 6, 2015 While Britain's workers feel they're too busy to take proper breaks, opting for paperwork over lunches can actually reduce overall work performance, according to new research by Bupa. The research, which looked at 2000 full-time workers, found less than a third of employees took the full lunch hour every day. What's more, 28 per cent [...]
City ignores critics with rush to float June 16, 2014 LONDON’S fragile new issues market will shrug off the fears of sceptical fund managers this week as two of the country’s biggest employers pull the trigger on multi-billion pound listings. FTSE giant Lloyds Banking Group is expected to lift the bottom level of the price range for the listing of high street offshoot TSB, while [...]