The future of instant coffee looks a little brighter thanks to Little’s July 12, 2021 The coffee pod market now supplies 96 million cups a day to caffeine fiends across the globe. But it’s also coming under increasing scrutiny for its wasteful packaging, which sends many tonnes of plastic to the landfill. Devon’s Will Little might just have a solution for those time-poor coffee drinkers: “I asked myself ‘Why don’t [...]
Stripe tops US startup rankings as valuation jumps to $95bn March 15, 2021 Digital payments firm Stripe has become the most valuable private company in Silicon Valley after fresh funding drove up its price tag to $95bn (£68bn). The financial services firm last night announced it had raised $600m in fresh capital from investors including Allianz, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National [...]
‘Butiful sheese’ – the tasty tang of success from the Scottish Isles May 7, 2021 Perhaps it’s a sign of the times that Bute Island Foods has won a 2021 Queen’s Award forinternational trade for the range of vegan cheese they manufacture. Maybe so, but more likely though, it is recognition of an excellence and appeal that has finallymatured since the company’s formation in 1988. Despite being around for thousands [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]
John Lewis to permanently close eight stores, putting 1,465 jobs at risk March 24, 2021 John Lewis has announced it will not reopen eight stores after lockdown restrictions are eased, putting almost 1,500 jobs at risk. The retailer said the four department stores and four “At Home” branches are in locations that “can’t sustain a large store”, and will be permanently closed. It will enter into consultation with the 1,465 [...]
Beat Dry January with booze-free alternatives, from fizzy tea to CBD January 6, 2021 Despite this being the most miserable January in living memory (™), droves of us are keen to give up even more of life’s basic pleasures. This is set to be the most widely-practiced Dry January yet, with various unscientific surveys claiming that anywhere between 6.5m UK adults (up from 3.9m last year) to half of [...]
Share price special: LSE’s best-performing stocks in the last decade, with jumps of 1,000 per cent+ – CityAM : CityAM October 28, 2021 Ocado, Jet2 and JD Sports are among the big-name companies which have seen their share prices jump over 1,000 per cent in the past 10 years. In total, 41 stocks across the London Stock Exchange’s Main Market and AIM have seen their share prices climb by over 1,000 per cent between September 2011 and September [...]
Dija acquires Genie in bid to expand 10-minute delivery service March 17, 2021 London-based grocery delivery startup Dija has acquired Cambridge startup Genie as it expands its service across the UK. Dija, which was founded by former Deliveroo executives, launched earlier this month and promises to deliver groceries within 10 minutes. It is the latest player to join the ever-expanding food delivery space and already has four warehouse [...]
John Lewis suspends click and collect service to discourage non-essential travel January 12, 2021 John Lewis has suspended its click and collect service in a bid to prevent unnecessary travel during the coronavirus lockdown. The department store chain said this afternoon that the service will not accept any new orders from the end of the day. It said it is “conscious of the increased need to remove reasons for [...]
John Lewis scraps staff bonus as it crashes to £635m loss September 17, 2020 John Lewis today confirmed it will not pay a staff bonus for the first time in more than 70 years as the department store chain posted a pre-tax loss of £635m in the first half. The retailer reported a 2.7 per cent uptick in revenue to £4.9bn over the period, but said shoppers had spent [...]