The FTSE 100 is lagging behind soaring global markets – but why? July 13, 2020 Stock markets around the world have soared in recent months even as economies crashed, aided by central banks pumping trillions of dollars into the system. But although all stock markets are rising, some are rising faster than others. Britain’s FTSE 100 is lagging behind almost all other major stock indices. It has risen just over [...]
Amazon shares slump after online retailer posts third-quarter profit drop October 24, 2019 Shares in online retail giant Amazon slumped in after-hours trading this evening after the firm reported a slump in third-quarter profit. Shares in Jeff Bezos’ company fell as much as eight per cent after it posted a fall in net income for the first time in two years, from $2.88bn to $2.13bn in the three [...]
Which south London pubs are serving pints this weekend? A non-exhaustive list May 22, 2020 The pint. The perfect measure; not too big, not too small. And now available in takeaway milk cartons in a host of pubs across south London. Here’s City A.M.’s very much non-exhaustive list of pubs south of the river that will allow you to have something cold, fizzy and poured by somebody else over this [...]
‘Customers aren’t ready’: Sainsbury’s ends till-free store pilot at Holborn branch September 10, 2019 Sainsbury’s has said not all customers are ready for a till-free store as it ended a smartphone-only pilot scheme at a central London branch. The three-month trial came to an end as the supermarket reintroduced a manned till and two self-checkout points in it’s Holborn Circus store. Read more: Sainsbury’s partners with Deliveroo on pizza [...]
The Deliveroo vs Just Eat food fight has only just begun June 14, 2018 In the City, you never know when you might be someone else's breakfast. Firms are hungry for market share, and a competitive edge is the dish of choice. Just Eat's shares plunged yesterday after Deliveroo announced an expansion of its platform which saw it square up to the FTSE 100 giant. For the first time, [...]
Ranked: The UK’s fastest growing companies for brand value September 11, 2019 Deliveroo, Costa Coffee and Brewdog are growing in value faster than any other UK brands, according to a survey published today. The food delivery app topped the list, increasing its value 54 per cent to $1.4bn (£1.1bn), while coffee chain Costa jumped 48 per cent to $1.5bn, boosted by its takeover by Coca Cola. Read [...]
Sainsbury’s pledges to slash plastic packaging by 50 per cent September 13, 2019 Sainsbury’s has pledged to slash the amount of plastic packaging it uses by 50 per cent by 2025, as it admitted it currently uses almost 120,000 tonnes a year. The supermarket giant said it would cut plastic use across all branded food packaging – including its own-brand products – and all of its operations. Read [...]
Bidding war on the cards as Just Eat rejects £4.9bn hostile bid from Prosus October 22, 2019 Just Eat could find itself at the centre of a bidding war after rejecting a hostile £4.9bn bid from investment firm Prosus that threatens to disrupt its merger with Takeaway.com. The firm’s share price leapt 24 per cent to 732.8p despite the rejection in favour of its £8.3bn tie-up with the Dutch Takeaway.com as a [...]
Tech mega-investor Index Ventures announces $1.65bn in fresh funding for the next Deliveroo July 9, 2018 London and San Francisco-based venture capital firm Index Ventures has announced the addition of $1.65bn (£1.24bn) in new funding for tech startups. Now the UK’s largest startup investor, Index has seen its strongest year yet so far in 2018, with exits in the last four months from Adyen, Dropbox, Izettle and Zuora. It has also [...]
Uber and Lyft costs set to rise as California passes AB5 gig economy workers bill September 11, 2019 California has passed a controversial bill that means gig economy workers are set to be classified as full-time employees. The move, expected to be signed and passed into law by California governor Gavin Newsom, would pile pressure on companies like Uber and Lyft, which rely on self-employed workers. Read more: How Uber’s quiet cabs are [...]