Goldman Sachs propped up Deliveroo IPO with £75m investment April 6, 2021 Goldman Sachs pumped tens of millions of pounds into Deliveroo shares in order to prop up trading of the takeaway app, after investors shunned its market debut. The investment bank bought around £75m of Deliveroo shares – equivalent to a quarter of stock traded in the first two days after the London listing – the [...]
Warehouse developments to double this year as retailers respond to online shopping demand April 6, 2021 Warehouse space developments have boomed this year due to the rise of online shopping during the coronavirus pandemic, with the amount of sites set to complete in 2021 doubling compared to last year. The latest research showed that 40m sq ft of warehouse space developments are scheduled for completion this year, compared to the 20m [...]
Retailers prepare to reopen doors as shoppers look forward to returning to high street April 6, 2021 Retailers are preparing to reopen their doors next week after months of closure, with many consumers looking forward to returning to the high street. Research published this morning showed that 84 per cent of Brits said they are likely to visit their local high street or shopping centre next week, after non-essential stores reopen on [...]
Nobu and Hakkasan delivery app Supper to raise £5m to expand high-end restaurant platform across London April 6, 2021 Premium London restaurant delivery app Supper, which counts Nobu, Hakkasan, Zuma and Hide among its clients, has launched a £5m funding round to expand across the capital. The takeaway platform, which has described itself as the “Michelin star Deliveroo”, will raise £1.5m through private equity investment firm Growthdeck as part of the fundraise. Supper, which [...]
Peacocks rescued from administration, saving 2,000 high street jobs April 6, 2021 High street retail chain Peacocks has been rescued from administration after being bought by an investment consortium, saving around 2,000 jobs. Edinburgh Woollen Mill Group, the retail empire owned by billionaire businessman Philip Day, has agreed to support the sale of its high street brand. EWM Group said it had backed a bid by an [...]
Homeserve expects £10m profit jump as renovations boom during pandemic April 6, 2021 Homeserve said it expects to report a £10m jump in profit when it publishes its full-year results, due to the surge in demand for home improvements during the pandemic. Adjusted profit before tax for the financial year ended 31 March is expected to be around £191m, up from £181m in the previous year. It said [...]
Boris Johnson confirms England’s pubs and non-essential retail will open Monday as vaccine passports given green light April 5, 2021 Boris Johnson has today confirmed pubs, restaurants and non-essential retail across England will reopen on 12 April as a large section of the country’s economy is released from Covid-19 restrictions. The government also confirmed that retail and hospitality businesses will be allowed to use new Covid vaccine certificates to determine whether people can enter their [...]
GameStop shares slump as it plans $1bn post-rally stock sale April 5, 2021 GameStop shares slump as it plans $1bn post-rally stock sale
Glastonbury to be handed cash boost in latest Covid culture funding April 2, 2021 Glastonbury will be handed £90,000 in government support as part of the latest tranche of emergency funding aimed at supporting Britain’s struggling cultural institutions. The iconic festival, which has been cancelled this year but will host a livestream performance in May, is one of more than 2,700 organisations to share in a £400m pot of [...]
Covid: All customers must sign in at pubs under new rules April 1, 2021 All customers will be required to sign in when pubs, restaurants and cafes reopen in England as part of new rules for lockdown easing. Hospitality venues are set to reopen for outside service only from 12 April in the second stage of the government’s roadmap. However, every visitor aged 16 or over will be required [...]