Betfred owner denies rival bid for William Hill October 4, 2020 Betfred co-founder Fred Done has pushed back against reports that he will make a rival bid for William Hill, which has already given the green light to a £2.9bn deal with Las Vegas casino owner Caesars Entertainment. Done, who is William Hill’s second-biggest investor, was weighing up “all options” this weekend, the Sunday Telegraph reported. [...]
Cineworld to close all UK theatres over Covid-19 film release delays October 4, 2020 Cineworld is reportedly drawing up plans to shutter its entire collection of cinemas across the UK and Ireland
Exclusive: Unilever’s Kingston campus plans unveiled October 2, 2020 Plans have been unveiled for a new Unilever headquarters in Kingston-upon-Thames, which will consolidate the conglomerate’s offices across London and Surrey. The developer, Cube Real Estate, has submitted a planning application for a mixed-use redevelopment, including two office buildings, a car park for electric vehicles and new homes. If the scheme is given the green [...]
Quarantine: Turkey and Poland added to self-isolation list October 1, 2020 More countries have been added to the UK's quarantine list. Passengers aarriving from Turkey and Poland will have to self-isolate from Saturday
US senate votes to subpoena tech bosses to testify October 1, 2020 US tech bosses will be hauled in front of congress after a senate committee voted to compel them to testify. Facebook chief executive Mark Zuckerberg, Google chief executive Sundar Pichai and Twitter chief executive Jack Dorsey will be questioned on reforming Section 230 of the Communications Decency Act. The act shields social media firms from [...]
Pepsico sales jump on demand for snacks during Covid-19 pandemic October 1, 2020 Pepsico reported a jump in sales in the third quarter, fuelled by demand for its snack brands including Doritos and Cheetos. Overall net revenue rose more than five per cent to $18.09bn in the quarter ended 5 September, beating analysts’ expectations of $17.23bn. Sales of snacks under the company’s Frito-Lay North America unit rose 7 [...]
Ocado sued by Norwegian tech firm over alleged patent infringement October 1, 2020 Shares in online supermarket Ocado dipped this afternoon after Norwegian tech firm Autostore announced it is suing the firm for alleged patent infringement. Ocado’s share price fell more than five per cent after Autostore said it had filed lawsuits in the UK and the US to prevent the FTSE 100 firm using retail storage and [...]
Investors stuck in Woodford fund face further repayment delays September 30, 2020 Investors stuck in Neil Woodford’s collapsed flagship fund have been dealt a further blow as administrator Link was today unable to reveal when the wind-up will be completed. Today Link warned that some of the remaining assets, which are currently worth £288m, will not be released until mid to late next year. So far £2.45bn [...]
Hospitality bosses to exclude London from future growth plans after pandemic September 30, 2020 More than four in five hospitality bosses said they will avoid city centre locations such as London in their future growth plans following a drop in footfall, the latest research showed. Three quarters of respondents to the survey said they will adapt to the widespread switch to working at home. Meanwhile fewer than ten per [...]
Morrisons creates 1,000 jobs to fulfil Amazon orders September 30, 2020 Morrisons has created more than 1,000 new jobs to help fulfil orders through its new Amazon partnership. The supermarket said today that the new permanent positions will involve picking and packing customer orders from more than 50 stores across the UK. Amazon Prime customers are able to order Morrisons groceries, with a free same-day delivery. [...]
