CMA clears £6.2bn Just Eat Takeaway merger April 23, 2020 Just Eat and Takeaway.com received the green light to complete their £6.2bn merger today. UK watchdog t he Competition and Markets Authority (CMA) found the tie-up would not lessen competition in the food delivery space. The CMA said it was “satsified there are no competition concerns”. Takeaway.com fought off a rival bid from Dutch rival [...]
Uber abandons 2020 guidance amid Covid-19 lockdown April 17, 2020 Uber has withdrawn its 2020 financial guidance and plans to write down around $2bn in investments amid the Covid-19 lockdown. The ride-hailing firm had expected to book adjusted net revenue of up to $17bn and an adjusted loss of between $1.45bn and $1.25bn. But Uber yesterday said Covid-19 made it “impossible” to predict future financial [...]
CMA provisionally clears Amazon’s £442m Deliveroo investment over coronavirus April 17, 2020 A UK watchdog today provisionally cleared Amazon’s massive £442m investment into Deliveroo due to the risk the food delivery firm faces from coronavirus. The Competition and Markets Authority (CMA) called the situation “wholly unprecedented” but said the cash was “realistically only available from Amazon”. Deliveroo has seen a significant decline in revenues from the UK [...]
Competition watchdog revokes ban on Takeway.com and Just Eat integration April 16, 2020 Just Eat Takeway has been given the go-ahead to integrate the two food delivery businesses after the UK’s competition watchdog revoked an order to keep the firms separate. The Competition and Markets Authority (CMA) issued an initial enforcement order in January, which prevented the two food delivery firms from integrating their businesses. Amsterdam-based Takeaway.com bought [...]
Long read: Advertisers look to esports as gamers flock to virtual stadia April 13, 2020 Advertisers might find rich pickings in the world of esports, writes James Warrington Over the last few days, a meme purporting to show a model of a stadium that would seat 1 million people has circulated on social media. The image is probably fabricated and certainly ludicrous — even North Korea has only managed to [...]
Just Eat Takeaway orders soar 50 per cent amid coronavirus lockdown April 9, 2020 Just Eat Takeaway orders soared 50 per cent in the first quarter of the year as more people opted for food deliveries after governments imposed restrictions on movement due to the coronavirus crisis. Just Eat Takeaway also said it suffered “severe” denial of service attacks in the week beginning 16 March which affected hundreds of [...]
Coronavirus: London’s future remains extremely bright April 9, 2020 In recent weeks, millions of us have begun to work from home for the first time. In the current climate of uncertainty, many wonder about the discrete workforce and supply chain that makes their daily life possible, and realise how we are all deeply interlinked, globally and locally. As millions of us make this transition, [...]
Coronavirus: Former F1 chief Ron Dennis donates £1m for NHS staff meals April 5, 2020 Former McLaren F1 boss Ron Dennis has launched a major initiative to serve 1m free meals to frontline NHS workers. The multimillionaire motor racing mogul has pledged more than £1m to provide meals for medical staff across the country as they battle the coronavirus pandemic. The food will be delivered to intensive care care staff, [...]
UK coronavirus: Matt Hancock tests positive March 27, 2020 Health secretary Matt Hancock has tested positive for coronavirus, Downing Street has said, just an hour after Prime Minister Boris Johnson also revealed a positive diagnosis. The minister, responsible for coordinating the NHS response to the UK coronavirus outbreak, said he has had only mild symptoms. He will self-isolate until next Thursday, when he will [...]
Acclaimed chef Virgilio Martinez and Explora Peru come together to showcase the unique culinary identity of the Sacred Valley March 25, 2020 When most people think of Peru, it’s the ancient citadel Machu Picchu that comes to mind. And when you mention the Sacred Valley, it’ll likely conjure up similar images of hiking through misty mountains to equally mystical Incan ruins. This is, in fact, exactly what I’m doing. But I’m not only here for the archaeology; [...]