Just Eat processes 200 million orders in three months April 13, 2021 Some 200 million orders were placed with Just Eat in the first quarter of 2021, marking a 79 per cent increase from the same period last year. Those in the UK placed the most orders through the takeaway giant, racking up nearly 64 million of those 200 million orders. The company, which was formed after [...]
Overnight stays restart this week, as PM sets out ‘traffic light’ plan for holidays abroad April 12, 2021 Overnight stays restart this week, as PM sets out 'traffic light' plan for holidays abroad
Number of shoppers in central London booms as Covid restrictions are eased April 12, 2021 Footfall rocketed this morning as England eased coronavirus restrictions and non-essential retail was allowed to open for business for the first time in months. In the first few hours of trading this morning footfall in shopping centres jumped nearly 340 per cent when compared with last week, according to the latest data from Springboard. Footfall [...]
Pound sterling jumps as shops in England reopen and pubs start serving April 12, 2021 GBP started the week well, trading up against the dollar and euro today as shops, gyms, pubs and restaurants reopen across England
Back in business: Lord Mayor kickstarts Square Mile reopening April 12, 2021 As the City officially reopened this morning, the Lord Mayor embarked on a tour of the businesses that have opened their doors after months behind shutters. While still noticeably quieter than pre-pandemic, it was heartening to see the City return to some kind of normalcy, with the streets busier than they have been for months. [...]
YO! food chain to partner with WH Smith as high streets reopen April 12, 2021 Asian food chain YO! is set to trial a partnership with WH Smith this month, bringing to-go food to stores as high streets begin to reopen today. The move signals the food group’s expansion into on-the-go food and away from sit-in dining, as it also has similar partnerships with Sainsbury’s, Co-op, Tesco’s and David Lloyd Leisure [...]
Londoners pay £2.26 more per pint than Scottish counterparts April 12, 2021 London pints are the most expensive of any city in the UK, with pub-goers forking out an average £2.26 per pint more than those living in Perth, Scotland. A pint in London now costs an average £5.33, an increase of three per cent from 2020, cementing the capital’s pints as the priciest in the UK [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
This week: Tesco set to report higher sales following pandemic boost April 12, 2021 Tesco is expected to post rising sales this week as its supermarkets stayed open throughout the pandemic. The UK’s biggest grocer may also reveal more muted profits in its update for investors on Wednesday, however, as they are forecast to be broadly in line with last year’s profits. Analysts have predicted that the supermarket, which [...]
Cake Box eyes 52 new stores ahead of expected record revenue April 12, 2021 Cake Box is expecting to deliver a strong performance for the year ending 31 March 2021, despite ongoing coronavirus restrictions leaving many retailers struggling. In a market update today the specialist dessert retailer revealed it was currently holding franchisee deposits for 52 sites across the country. Cake Box opened 17 new stores in the second [...]