Weed is on the way: Uber Eats enters cannabis market as delivery giant starts dropping marijuana at home October 19, 2022 Uber Eats has confirmed plans to start delivering cannabis at home, thereby helping consumers to “steer them away from the underground market.” In a statement, the on-demand giant said it will begin delivering marihuana to customers in Toronto, Canada. The announcement follows a partnership between the company and online marijuana marketplace Leafly to deliver cannabis [...]
Amazon pushes into world of home insurance October 19, 2022 Just when you thought Amazon sold pretty everything, the tech firm announces that it has launched a new home insurance shop. The new offering will allow customers to request and review insurance quotes, select a policy, and then checkout—all on amazon.co.uk The e-commerce giant firm only has three insurers signed up so far, including Ageas [...]
Netflix picks up 2.4m subscribers ahead of advertising model roll-out October 19, 2022 Streaming giant Netflix picked up 2.4m subscribers in the last quarter, as it looks to roll out a new advertising model next month. Its revenue, income and membership exceeded expectations in the third quarter of the year, driven by major hit series sun as The Jeffrey Dahmer Story, Stranger Things S4, Extraordinary Attorney Woo, The [...]
Asos new CEO vows to rebuild ‘inefficient’ model as fashion seller posts £32m loss October 19, 2022 The new CEO of Asos has said he will refresh the fashion marketplace’s commercial model after the online retailer swung to a loss. In results for the year to 31 August 2022, Asos said gross margins had been impacted by a supply chain “inefficient in the face of supply chain disruption and macroeconomic challenges”. After [...]
Just Eat Takeaway returns to profit despite warning of ‘challenging’ consumer backdrop October 19, 2022 Just Eat Takeaway has returned to profitability earlier than expected, although the food delivery platform warned of a “challenging” consumer backdrop in the months to come. The London-based firm said it processed 235m orders in the third quarter of 2022, an 11 per cent dip on the year previously, with bosses pointing to the end [...]
Sadiq Khan: Tax “confusion” could hit London’s investment appeal October 19, 2022 SADIQ KHAN has warned that instability at the top of British politics could hit London’s status as a desirable investment destination. Investors are “not sure that the stability and certainty that existed in London will be there going forward,” the Mayor of London told City A.M. yesterday. “Instability is good for no-one,” he added. A [...]
High street firms face ‘battle’ to recruit staff after labour pool shrinks October 18, 2022 High street businesses are facing a “battle” to recruit staff against the backdrop of a shrinking workforce, with many workers having left the country or unable to work due to sickness. Industry chiefs lamented the vacancy crisis facing businesses ranging from retailers to restaurants to care homes at a committee meeting of the economic affairs [...]
THG share price lifts after SoftBank sells stake to boss Moulding and Qatar October 18, 2022 Beleaguered retailer THG saw its share price leap after SoftBank is to sell its stake to the group’s co-founder Matthew Moulding and Qatar’s sovereign wealth fund. THG’s shares were boosted 13 per cent on Tuesday afternoon, after the loss-stricken Japanese investment management firm said it would offload its stake. SoftBank’s stake was once valued at [...]
Dear Diary: Moleskine wants to win the TikTok generation with notebook vending machines October 18, 2022 Beloved by wordsmiths across the globe, Moleskine notebooks are based on the black books of Parisian cafes in the 19th century – where artists would meet up over a glass or three of wine to share notes and experiences. But the firm’s boss is not looking back today – Daniela Riccardi’s eyes are very much on tomorrow’s [...]
Khan: Crossrail’s Bond Street station can revitalise “tired” parts of Oxford Street October 18, 2022 London Mayor Sadiq Khan has said the opening of Bond Street’s Elizabeth Line station next week will help revitalise a “tired” part of Oxford Street – and keep big-ticket retailers in the West End. The station is the last of the Crossrail stations to open, having been delayed due to the complexity of the build. [...]