Strong appetite for takeaway and delivery as sales soar past pre-Covid levels October 22, 2021 Restaurant groups- including Pizza Express and Honest Burgers -more than doubled their delivery and takeaway sales from pre-Covid levels last month. Combined sales were 130 per cent higher than in September 2019, the CGA & Slerp Hospitality at Home Tracker revealed. Sales are also 35 per cent higher than in September 2020, with signs that [...]
Roof tiler Marley abandons £500m floatation plans amid growing market concerns October 12, 2021 The biggest producer of roof tiles in Britain has abandoned its £500m plans to float on the London Stock Exchange, blaming “market volatility” as investors fear a rise in UK interest rates. Marley Group announced its change of plans this morning despite “considerable institutional investor interest”, according to the company. The news came less than [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Appetite for deliveries continues despite lockdown easing August 23, 2021 Deliveries and takeaways continue making up a significant share of restaurant and pubs’ sales despite enthusiasm for the return of dining out. Delivery has maintained its 20.5 per cent share month-on-month while takeaway sales declined by 1.3 per cent in July, according to the CGA & Slerp Hospitality at Home Tracker. Takeaways and deliveries accounted [...]
Bridgepoint mulls selling Burger King UK for a beefy £500m July 26, 2021 The owner of Burger King has plotted early stage talks to sell the fast food retailer for some £500m just days after it listed on London’s top market, according to reports. Bridgepoint, the private equity owner behind Burger King, floated on the London Stock Exchange last week in a rare listing that raked in £300m [...]
Restaurant delivery boxes are here to stay: We review 48 of them June 29, 2021 Before the pandemic, most top chefs would have turned their nose up at home delivery services. There’s the lack of control, the logistical nightmare, not to mention the wafer-thin margins. But necessity being the mother of invention has led to dozens of outstanding delivery services, and even with restaurants back open and looking forward to [...]
7 weird and wonderful applications of artificial intelligence May 26, 2021 The Rewired investment fund focuses on enabling the technologies of the AI revolution by investing across five verticals including machine learning, robotics, bionics, sensors, mapping and localisation. Backed by technology investors including Tej Kohli, we believe that AI has the potential to positively impact every segment of economic activity and to improve every aspect of human life. Here [...]
46 of the best London home delivery restaurant kits reviewed May 11, 2021 Restaurants with terraces may be open again, but bagging a reservation is another matter. With the best part of a year’s worth of pent up demand, that outdoor space is at a premium and those who don’t book ahead are likely to be disappointed. But don’t panic: you can get restaurant quality food delivered straight [...]
Wendy’s plots UK launch in 12,000-job burger boost May 9, 2021 American fast food chain Wendy’s is plotting a return to the UK in a move that will create more than 12,000 jobs. The burger chain is opening its first store in Reading next month and is eyeing as many as 400 sites. The company, which will compete with Burger King and McDonalds, pulled out of [...]
London-based food-tech platform Taster raises $37m in funding April 29, 2021 London-based digital restaurant platform Taster has raised $37m in series B funding, led by Cazoo-backing firm, the company confirmed today. Backed by the same firm that helped used-car platform Cazoo land its £5bn valuation, Octopus Ventures, Taster has capitalised on the growth seen within the food delivery industry over the last 18 months. “If McDonald’s [...]