Restaurant sector gloom takes a slice out of Pizza Express profit August 28, 2019 Pizza Express has fallen victim to the gloom which has enveloped the casual dining sector, with first half profits shrinking. The company blamed a drop in earnings of nearly one-tenth on “industry-wide cost pressures” in its key home market. Pizza Express, founded in 1965, runs 480 restaurants across Britain and 148 abroad in Asia and [...]
M&A activity targeting UK slumps amid no-deal Brexit fears September 12, 2019 Mergers and acquisitions (M&A) activity targeting the UK has fallen almost 40 per cent on the same period last year, with investors slowing down decision making amid ongoing political turmoil. Corporate M&A also tumbled to £15.1bn in the second quarter of 2019, its lowest value since the EU referendum according to data from Mergermarket. Read [...]
Restaurants may be reopening but delivery kits are here to stay April 9, 2021 It’s just days until we’re allowed to sit outside and eat a socially distanced meal with people from one other household – a concept that’s far more appealing than that sentence might suggest. But that doesn’t mean the home delivery restaurant-in-a-box revolution is over. With top chefs and restaurants from across the culinary spectrum now [...]
Sunday Times Rich List: Marcus Rashford tops the UK’s biggest givers May 21, 2021 Manchester United football player Marcus Rashford has become the youngest person to top The Sunday Times Giving List this year, which measures philanthropy among the ultra-wealthy. The list highlighted today that the UK saw more new billionaire’s during the pandemic than any other time over the list’s 33-year history. However, this year also saw a record amount of donations, exceeding £4bn [...]
‘The restaurant world has changed forever’: how Simon Rogan conquered Covid February 20, 2021 The first time I ate Simon Rogan’s food was during a culinary pilgrimage to L’Enclume, one of the world’s top restaurants. Over the course of five hours I ate 20 dishes, each one a spectacular fusion of science and gastronomy. Dehydrated fennel leaf topped with apple gel. Charred stripes of blackened leek with egg cream. [...]
The curious case of Boris Johnson’s popularity after a year of lockdowns March 24, 2021 In 1993, economics Nobel Laureate Daniel Kahneman published a paper with the enigmatic title “When More Pain Is Preferred to Less”. He and his colleagues conducted two experiments with the same group of people. In the first, the participants had to hold their hand in cold water for a specified time. They had to keep [...]
Supreme Court rules care companies do not have to pay sleep-shifts March 19, 2021 The Supreme Court has dismissed appeals this morning to pay hourly for sleep-in shifts, a sigh of relief for care companies and investors but a setback for carers and healthcare staff. The ruling in the Mencap v Tomlinson-Blake case means the time a worker is required to sleep on site does not count towards minimum [...]
Deliveroo appoints Goldman Sachs to oversee London float October 5, 2020 Deliveroo has appointed Goldman Sachs to oversee its long-awaited London flotation, according to reports, in a move that would value the UK food delivery company at more than £2bn. The Amazon-backed startup is expected to debut on the London stock market next year following discussions with the investment banking firm, Sky News reported. Deliveroo declined [...]
E-commerce bonanza: Brits to spend record £120bn online this year alone September 6, 2021 Following a surge in online sales in 2020 thanks to Covid-19 and three strict lockdowns, UK shoppers are expected to further increase their spending as new data forecasts £120.5bn in online purchases this year alone. Online sales in the UK saw an increase of 46.5 per cent in 2020, with British consumers spending £110.6bn online [...]
Coinbase gets its (second) act together – really August 7, 2021 City AM columnist Monty Munford casts away his early doubts over Coinbase to discover a new-found love for the platform.