Fedex creates Segway-inspired delivery robot with Pizza Hut and Walmart February 28, 2019 Fedex has unveiled a pizza delivery robot that will hit the streets this summer. Read more: What’s on your tech radar for 2019? Pizza Hut and Walmart are both on board, with trials set to begin soon in cities across the US, including in Fedex’s hometown of Memphis. The autonomous bot, which is powered by an [...]
Working Lunch: Want to try Simon Rogan’s cooking without traipsing up north? We give the four course Business Lunch at Roganic a try February 27, 2019 Roganic 5-7 Blandford Street, W1U WHAT AND WHERE? Every food enthusiast worth their salted butter will have heard of L’Enclume, Simon Rogan’s two Michelin-starred restaurant in Cumbria. If you want to ascribe to his ultra-seasonal, foraged philosophy without leaving London, you can try and get into Aulis, his eight-seater chef’s table in Soho, but you’ll [...]
Theresa May keeps delaying the Brexit vote, but the clock is ticking for business to prepare for a no-deal outcome February 25, 2019 On her way to an EU-Arab League summit over the weekend, Theresa May announced that she would not provide British parliamentarians with a meaningful vote on an altered Brexit deal until perhaps 12 March. Politicians wanted that opportunity this week, but instead, the embattled leader has once again sought to delay proceedings as she struggles [...]
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 [...]
We need female tech trailblazers if the UK is to keep its unicorn crown February 20, 2019 The UK has been crowned the “tech unicorn capital of Europe”, by virtue of the fact that we have more billion-dollar-valued tech companies than any other country in the EU. But the next generation of unicorns, which include the likes of Just Eat, Deliveroo, and Purplebricks, could well be under threat if the tech industry, [...]
Uber narrows losses to $1.8bn in 2018 but revenue growth slows ahead of IPO February 16, 2019 Uber narrowed losses last year but saw revenue growth slow dramatically in the fourth quarter ahead of its IPO. The ride-hailing app said revenue grew just two per cent in the final three months of 2018 to $3bn (£2.3bn), a slowdown from the 38 per cent rise the previous quarter. Read more: Lyft to pitch [...]
Millennium & Copthorne warns of ‘challenging’ 2019 as profits plummet 28 per cent February 15, 2019 Millennium & Copthorne warned today that it anticipates a challenging 2019 as it revealed that profits fell 28 per cent last year. The figures In its full year results, the hotel company reported that profit before tax for 2018 fell 28 per cent to £106m in 2018, down from 2017's total of £147m. Revenue also slipped [...]
Meet the banker-turned-restaurateur bringing the City’s dining scene to life February 14, 2019 Whatever happened to the liquid lunch? It is a question often asked with nostalgia throughout the Square Mile. Traders in pubs, City executives in boardrooms, journalists and lawyers in wine bars; the sight and smell of booze at noon was at one point in time as much a part of the City’s identity as pin-stripes [...]
‘We want a ladder to climb down’; MPs who voted down May’s deal are getting nervous February 13, 2019 Politicians arriving for work in Parliament these days are confronted with a less than perfect view of the Palace of Westminster. The iconic Elizabeth Tower, home of Big Ben, is sheathed in scaffolding as renovation work is carried out. Workers scurry up and down ladders, being careful not to get themselves trapped in positions from [...]