Vegan sausage rolls and a Nandos uniform: 25 weird items people left in their Uber rides March 12, 2019 A Nandos uniform, a painting of the Last Supper, a tooth and a Gregg's vegan sausage roll are just some of the items that British passengers have left behind in Uber cars in the last year. While some witty Brits simply reported leaving behind their dignity and pride in an Uber – presumably after [...]
Activist investor strikes upbeat tone as Just Eat interim boss rules himself out of the race March 6, 2019 A major Just Eat shareholder who has pressed the company to merge with a rival today welcomed the takeaway giant’s interim boss decision to rule himself out of the race for a permanent chief executive. Activist investor Cat Rock Capital Management, which owns a 1.7 per cent stake in Just Eat, said today that it appreciated Peter [...]
Just Eat shares fall on 2019 outlook despite jumps in profit and revenue March 6, 2019 Just Eat scored huge boosts to profit and revenue in 2018 to relieve shareholder pressure to merge with a rival, it revealed today, but warned losses will impact 2019 earnings. The figures Profit before tax rose to £101.7m after a loss of £76m in 2017. Revenue rose 43 per cent year on year to £779.5m, [...]
The inside track on the ultimate in slow cooking at Europe’s biggest annual snail festival, l’Aplec del Caragol March 5, 2019 Since its humble beginnings as a small riverside picnic among friends in 1980 to the grand foodie fiesta it is today, l’Aplec del Caragol occurs every May, about 100 miles northwest of Barcelona in the provincial town of Lleida. The party offers townsfolk and visitors alike a chance to enjoy a weekend celebrating one of [...]
Gap shares surge on plans to close 230 stores as it splits off Old Navy March 1, 2019 Gap is set to split off Old Navy into its own brand, it said today as it revealed 230 planned store closures. The news sent shares soaring in the late afternoon, with their value climbing 19 per cent to $30.21. As a part of the restructuring, Gap will split into Old Navy and an as yet unnamed [...]
Here kitty kitty: The entrepreneurs turning cat-loving into a business February 25, 2019 I have never done an interview with a cat on my lap before. Luckily, Julie Barnes and Kathrin Burckhardt, who are talking to me via Skype from London and Berlin, don’t seem to mind that she wants to get involved. In fact, their cats – or “fur-babies”, as Barnes calls them – are present too. [...]
Swiss Re boosts profit 27 per cent in 2018 despite tough year for natural disasters February 21, 2019 Swiss Re boosted net profit 27.2 per cent in 2018, despite sustaining hits from natural and man-made disasters. The reinsurer reported net profit of $421m (£366m) compared with $331m a year previously, despite 2018 being the fourth-costliest year on record for the insurance industry. However, its profit is 37 per cent behind consensus, according to figures [...]
Uber Eats cuts app fees to compete with food delivery rivals Just Eat and Deliveroo February 21, 2019 Uber is to cut the fees it charges to restaurants that use its food delivery app in a bid to out-compete rivals such as Just Eat and Deliveroo. Uber Eats will reduce the commission it charges to restaurants that use its app from 35 per cent to 30 per cent, which it says makes it the most competitive delivery [...]
Just Eat faces pressure as Cat Rock says investors back calls for merger February 20, 2019 Activist investor Cat Rock Capital said today that it has the backing of fellow shareholders after calling for Just Eat to merge, in a fresh headache for the takeaway ordering website. US-based Cat Rock, which owns a 1.7 per cent stake in Just Eat, said that it had the support of investors after hitting out [...]
Fashion icon Karl Lagerfeld’s cat Choupette may inherit his £150m fortune February 20, 2019 As the world mourns the death of Chanel designer Karl Lagerfeld, some are wondering what will happen to his £150m fortune. The media are circling in on a number of possible inheritors, including his godson, Hudson Kroenig. But one next of kin in particular has caught everyone’s attention: his pet cat. Read more: Fashion industry [...]