Just Eat Takeaway shareholders back Grubhub deal but reject US chief’s pay October 7, 2020 Shareholders of online food delivery giant Just Eat Takeaway have approved its proposed $7.3bn (£5.6bn) acquisition of US rival Grubhub, but rejected a pay package for the company’s US chief executive. The group agreed to buy Grubhub in June in an all-share deal that would make the combined group the biggest food delivery company outside [...]
Our picks for a spook-tacular London Halloween October 28, 2020 Parties for Halloween in London might be off the cards this year but it doesn’t mean you can’t get into the spooky spirit this week. Here’s City A.M.’s pick of some of the best the capital has to offer. Beavertown brings Halloween to your door The north London brewery has launched a delivery service with [...]
Date night discount: Government to split the bill on dining out in August July 8, 2020 The government has announced plans to cover half the bill for dining out in August to encourage consumers to support the hospitality sector after the coronavirus lockdown. Chancellor Rishi Sunak today announced the Eat Out to Help Out scheme, which will provide a 50 per cent discount for sit down meals in cafes, restaurants and [...]
Uber Eats cuts app fees to compete with food delivery rivals Just Eat and Deliveroo February 21, 2019 Uber is to cut the fees it charges to restaurants that use its food delivery app in a bid to out-compete rivals such as Just Eat and Deliveroo. Uber Eats will reduce the commission it charges to restaurants that use its app from 35 per cent to 30 per cent, which it says makes it the most competitive delivery [...]
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 [...]
Lockdown takes a slice out of Domino’s Pizza profits June 17, 2020 Domino’s Pizza has forecast that the cost of measures introduced during the coronavirus lockdown will push down profit for the first half of the year, despite an increase in people ordering in over the period. The company said the costs stemmed from halting two-person deliveries, keeping stores closed during restocking, contact-free delivery boxes, and issuing [...]
Bother: The startup looking to disrupt the grocery market October 30, 2020 The days of empty shelves and loo roll shortages seem a distant lockdown memory, but one London-based startup thinks it speaks to a wider problem within the UK’s grocery market. Startup Bother is on a mission to disrupt the saturated grocery market by offering what it considers to be a convenient and cheaper online alternative. [...]
Amazon to pass on UK digital tax to sellers in fees hike August 5, 2020 Amazon is to increase seller fees next month, saying it will no longer absorb the UK’s digital services tax after talks with the government failed to progress. The e-commerce giant said it had taken on the impact of the digital services tax — a two per cent levy on the firm’s annual revenues — since [...]
Monzo confirms £60m funding round as valuation slides June 16, 2020 Digital bank Monzo has today confirmed a fresh funding round of £60m from existing investors, which is understood to have been accompanied by significant cut to its valuation. Backers included Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Orange, Thrive, Passion Capital, as well as some new investors such as Reference Capital and Vanderbilt University. Monzo’s [...]
Morrisons extends faster payment scheme for small suppliers June 8, 2020 Morrisons will continue to make immediate payments to its smaller suppliers for a further three months to support them during the ongoing coronavirus crisis, the grocer announced this morning. The UK’s fourth largest supermarket chain introduced the faster payment scheme in March to help small farms and food producers hit by the closure of the [...]