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 [...]
Pub time: What Londoners and people across the UK can and cannot do from today April 12, 2021 Londoners can look forward to getting a round in for the first time in months today. Pub gardens and restaurants with outdoor dining are preparing for a surge of customers as lockdown eases, prompting Boris Johnson to urge the nation to “behave responsibly”. While the English are the only ones looking forward to a pub-pulled [...]
Boris Johnson urges people to ‘behave responsibly’ as pubs open tomorrow April 11, 2021 Boris Johnson has urged people to “behave responsibly” as thousands of pubs across England are set to open their doors tomorrow. Covid restrictions will be eased for large parts of the economy tomorrow, with non-essential retail, hairdressers, beauty salons, gyms and outdoor hospitality allowed to reopen in London after four months of forced closure. However, [...]
Brewdog toasts online sales as revenue grows a tenth April 10, 2021 Craft brewer Brewdog today said that an explosion on online sales had helped grow its revenue 10 per cent in 2020, despite the widespread hospitality shutdown due to the pandemic. The Scottish firm said that revenue had come in at £238m for the year, driven by a thirteen-fold increase in digital sales of its drinks. [...]