‘It’s not where we want to be’: Asda sales shrink as supermarket rivals eat into market share August 8, 2024 Asda’s sales have dropped again after it continued to lose market share to its supermarket rivals, according to new figures. Revenue in its second quarter of its financial year was down 2.2 per cent, with a 5.3 per cent like-for-like decline, as its sales slump accelerated. Competitors like Morrison’s, Tesco and Sainsbury’s have been slowly [...]
Worms in the fish? Team GB star rails at food in Paris 2024 Olympic Village August 6, 2024 GB staff were forced to send their own chef to cater for the team following complaints about the food.
City warns over punishing impact of capital gains tax raid August 1, 2024 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October.
The Debate: Are ultra-processed foods driving obesity? August 1, 2024 City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. Ultra-processed food (UPF) has become a hot topic in the last couple of years, referring to mass-produced food such as cereal, fizzy drinks, ice cream and bread. If it has additives or preservatives [...]
Just Eat: Shares spike, but is there trouble ahead? July 31, 2024 Just Eat beat market expectations in its first-half results and announced a share buyback of up to €150m (£126m). The market responded well: the takeaway giant’s share price rose by over eight per cent on Wednesday. True, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) at the Amsterdam-headquartered company surged 42 per cent, but [...]
Just Eat: Brits lead the way for takeaway giant as revenue dips July 31, 2024 Brits willing to shell out cash on takeaways fuelled Just Eat in the first half of the year, but negative growth in north America and southern Europe led to a dip in revenue overall. Total revenue dropped by one per cent at the takeaway giant year on year in the first half of 2024, while [...]
This new Richmond restaurant is perfect for lunch on the Thames July 24, 2024 A superb new Richmond restaurant makes the Bingham Riverhouse an essential waterside spot for summer, by Adam Bloodworth This grand old house spilling onto the banks of the Thames has always been a fabulous place to eat, but there are two fresh reasons to go. Firstly there’s a new restaurant by South African chef Vanessa [...]
Tortilla shares plummet as chain takes revenue hit after quitting Deliveroo July 24, 2024 Mexican fast food chain Tortilla has taken a hit to its revenue after ending its partnership with Deliveroo in a bid to cut down on delivery commission charges.
“We live well, we sleep well, we eat well”: Why Sofitel’s boss is leaning into its French heritage July 18, 2024 “We know how to live life” Maud Bailly is on a mission to give Sofitel a new lease of life as a global luxury marker – with a very French identity Maud Bailly could be doing anything. In her glittering career she’s worked in the French finance ministry and the French Prime Minister’s office. She’s run a [...]
Zharnel Hughes: Team GB sprinters like me, Azu and Hinchcliffe can win medals at Paris 2024 Olympics July 17, 2024 In just 17 days’ time British sprinter Zharnel Hughes will hope to be one of eight men lining up for the biggest race of all: the Olympic 100m final in the Stade de France, Paris. It is the showpiece of the Games, where legends such as Usain Bolt, Jesse Owens and Linford Christie darted into [...]