Just Eat splurges £5m on Snoop Dogg as Covid delivers results January 13, 2021 Orders to Just Eat grew by 58 per cent in Q4 2020, marking the third consecutive quarter of order growth acceleration. Delivery orders in the UK grew by a whopping 387% in the fourth quarter of 2020 compared with the same period in 2019, as the UK again entered a national lockdown and coronavirus restrictions [...]
UK logistics sector take-up soars to record level as retailers scramble to boost delivery capacity January 12, 2021 Take up of UK logistics space soared to record-breaking levels last year as retailers sought to keep up with the surge in demand for online shopping during the coronavirus pandemic. According to the latest analysis, the total take up of logistics space jumped 69 per cent year-on-year to 42.87m sq ft. The increase was driven [...]
Billionaire Las Vegas casino baron and Trump donor Sheldon Adelson dead at 87 January 12, 2021 Sheldon Adelson, who founded and ran Las Vegas Sands, the world’s largest gambling companyn since 1988 has died aged 87.
John Lewis suspends click and collect service to discourage non-essential travel January 12, 2021 John Lewis has suspended its click and collect service in a bid to prevent unnecessary travel during the coronavirus lockdown. The department store chain said this afternoon that the service will not accept any new orders from the end of the day. It said it is “conscious of the increased need to remove reasons for [...]
UK supermarkets bring in security to enforce mask wearing as Covid cases rise January 12, 2021 Supermarkets are ramping up Covid safety measures, with many of the major UK grocers planning to make masks mandatory and to only allow one person per household in store. Tesco, Waitrose and Asda have joined Sainsbury’s and Morrisons in announcing that customers without masks will be turned away, unless they are exempt for medical reasons. [...]
Retail tycoon Philip Day secures deal to save Edinburgh Woollen Mill’s future January 12, 2021 Billionaire businessman Philip Day has reportedly secured a deal with overseas investors to rescue retailers Edinburgh Woollen Mill, Ponden Home and Bonmarche, in a move that could save around 2,500 jobs. Day is expected to use his secured creditor status to acquire the brands’ assets from administrators to then sell them on to Middle Eastern [...]
Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office January 12, 2021 Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office
Moonpig confirms £1bn London listing after pandemic sales boom January 12, 2021 Online greeting card platform Moonpig has confirmed its intention to float on the London Stock Exchange, targeting a valuation of more than £1bn. The private equity-owned company, which trades as Moonpig in the UK and as Greetz in the Netherlands, has enjoyed a boom in sales during the pandemic, in contrast to its high street [...]
Games Workshop repays business rates support as profits surge in pandemic January 12, 2021 Games Workshop, the owner of Warhammer, this morning announced it would repay business rates support as it reported a surge in profit in the second half after consumer demand soared during the pandemic. The London-listed firm said profit before tax was £91.6m in the six months to 29 November, compared to £58.6m in 2019, and [...]
Hut Group outperforms expectations as questions are raised about boss’s income January 12, 2021 The Hut Group (THG) had a good Q4 2020, enjoying revenue growth of 51 per cent year-on-year, outperforming previous guidance of 40-45 per cent. THG, which owns a range of online beauty and nutrition brands like MyProtein and Lookfantastic, delivered Q4 2020 group revenue of £558.7m, versus £370.0m in Q4 2019. Revenue was boosted by [...]