Exclusive: London consumer spending soars during cheap meal scheme September 10, 2020 The Eat Out to Help Out scheme gave London restaurants a huge boost in August, with spending jumping to just 10 per cent below its 2019 level, according to the latest data provided exclusively to City A.M. Food and beverage spending in London in July was a whopping 39.1 per cent lower than a year [...]
British companies planned 300,000 redundancies in June and July September 8, 2020 UK employers planned more than 300,000 redundancies this summer as the coronavirus pandemic continued to take its toll on the economy. Figures obtained by a BBC Freedom of Information request show 1,784 firms made plans to cut nearly 150,000 jobs in July, a near sevenfold increase on the year before. While in June, 1,888 employers [...]
Amazon beefs up UK team for delivery robot Scout September 8, 2020 Amazon has today revealed a boost to its UK research and development arm with the creation of a new team dedicated to Scout, the e-commerce giant’s on-street delivery robot. Amazon said it would be hiring for more engineers to develop its fully-electric and autonomous delivery robot, based at its Cambridge research and development hub. The [...]
Welcome to DeFI Kitchen – eating in or takeaway? September 7, 2020 What is on the menu? All dishes are very tasty and come fresh straight from the Farm. You will have to choose depending on your flavour – we have delicious PorkChop (CHOP), Spaghetti (PASTA) is still on our menu, unfortunately we had to dump our last HOTDOG and PIZZA. Alternatively, you can swap to Asian [...]
Retail footfall jumps as consumers get their fill of Eat Out to Help Out scheme September 1, 2020 Footfall across the UK’s retail destinations rose six per cent last week as consumers rushed to take advantage of the last full week of the Eat Out to Help Out initiative. According to retail analysts Springboard, footfall increased across all three types of shopping destination, giving the sector its best week since the end of [...]
Sweet treats: Cake Box to repay furlough money after rise in sales September 1, 2020 Cake Box today said it will repay the money it received under the government’s coronavirus furlough scheme and pay a special dividend after posting a sharp rise in sales in the last three months. The cream cake specialist said it would hand back £156,000 it had secured and would make no further claims under the [...]
London business confidence improves for second consecutive month August 28, 2020 Business confidence in London continued for the second consecutive month as the Eat Out to Help Out scheme provided a boost to the capital’s hospitality industry. The Lloyds Business Barometer, which measures monthly economic trends, found confidence in the capital rose eight points but remains in negative territory, at minus 13 per cent, slightly higher [...]
UK economy: Retail footfall grows but job vacancies flatline August 27, 2020 The UK economy has continued its mixed recovery, with the number of Britons venturing out to the shops rising again but online job adverts staying flat for the third week in a row. Some areas remained in much worse shape than others, with 51 per cent of workers in the art and entertainment sector furloughed, [...]
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 [...]
Shakespeare: Just Eat could deliver on promise thanks to Covid-19 August 26, 2020 Many assumed that food delivery companies would actually benefit from the COVID-19 crisis, as nobody was allowed to eat in restaurants, but some of the biggest players in the market have been struggling during the pandemic. Just Eat has been an exception. The company, which acquired Grubhub in the United States this year, recently reported [...]