Brewdog to plant 1m trees in £30m ambition to be carbon negative August 27, 2020 Craft beer company Brewdog has bought 2,000 acres of Scottish highland to plant 1m trees, with the ambition to remove twice as much carbon from the air than it emits each year. The Scottish brewery will create 1,400 acres of woodland and 650 acres of peatland restoration, with work expected to start early next year. [...]
Exclusive: Bust burrito chain Chilango sold out of administration August 27, 2020 Burrito chain Chilango has today been sold out of administration after the Covid-19 pandemic finished off the already struggling business, City A.M. can reveal. The Mexican-themed fast-food chain told investors today that administrators RSM had secured a buyer for the business. RSM confirmed this afternoon the the chain had been sold to Investment group RD [...]
Deliveroo launches Eat In to Help Out discount for September August 27, 2020 Deliveroo has launched an Eat In to Help Out offer for September as the government’s dine-in discount scheme comes to an end this month. The food delivery firm will offer customers £5 off orders on Monday to Wednesday next month in a bid to support local restaurants. Deliveroo will fund the discount for the more [...]
Gambling body cracks down on underage ad exposure August 27, 2020 The betting standards body has unveiled new measures to prevent under-18s from seeing gambling adverts online. The Betting and Gaming Council (BGC), which represents the regulated betting industry excluding the National Lottery, unveiled the crackdown just a day after the advertising regulator revealed that gambling, alcohol and tobacco brands were targeting children. As part of [...]
The Works swings to a loss but hails strong post-lockdown trading August 27, 2020 The Works swung to a loss in the last financial year due to the impact of the coronavirus crisis, but the retailer said trading had been well ahead of expectations after stores reopened. The figures The Works posted a loss of £18m for the year ended 26 April, down from a profit of 2.3m the [...]
Klarna sales rise as lockdown sends shoppers online August 27, 2020 Payments provider Klarna said strong demand in the US and UK helped the value of transactions carried out via its payment platform grow in the first half of the year. The figures Klarna reported growth in total net operating income of 36 per cent year-on-year, as demand grew. The value of transactions carried out via [...]
Ocado finance chief steps down due to ‘family circumstances’ August 27, 2020 Ocado’s finance chief will step down after eight years with the online supermarket, citing family circumstances as the reason for his departure. Duncan Tatton-Brown, who was appointed as Ocado’s chief financial officer in 2012, will leave the role in November, but will continue as a non-executive director. Tatton-Brown said family circumstances meant that it is [...]
Flutter Entertainment’s profit plunges 70 per cent amid Covid-19 crisis August 27, 2020 Flutter Entertainment, the owner of gambling firms Betfair and Paddy Power, suffered a 70 per cent dive in profit in the first half of the year as major sports events were cancelled due to the coronavirus pandemic. The figures Flutter’s profit before tax plummeted 70 per cent in the first six months of the year, [...]
UK hospitality firms predict 41 per cent drop in summer sales August 27, 2020 UK hospitality firms are predicting a 41 per cent drop in sales over the summer months, although businesses are optimistic that trade will pick up this winter. According to the latest research, six per cent of hospitality and leisure sector companies are confident about growth this summer. However confidence surges in the winter months, with [...]
London landlord Grosvenor pays for tenants to extend Eat Out to Help Out August 26, 2020 West End landlord Grosvenor will pay for its Mayfair and Belgravia tenants to continue to offer half price meals throughout September to boost visitor numbers in central London. The property company said it will fund the £10 discount offer after the government’s Eat Out to Help Out scheme comes to an end on 31 August. [...]