Just Eat acquires Slovakian food delivery as global expansion continues July 16, 2021 Just Eat Takeaway has announced it will acquire Bistro.sk, a food delivery company in Slovakia, as it expands its global footprint. The deal, approximately valued at €50m, is expected to close later in the year. The Slovakian business operates in a similar format to Just Eat. Its 400,000 customers choose food, from the 2,000 or [...]
Arcane taxes on junk food is all pain with almost no benefit July 16, 2021 Some people are born lucky. They can eat junk food all day long without putting on any weight. Others develop rolls of fat after a few packets of crisps. The former can live blissfully without these concerns. The latter must struggle every day – either with obesity or self-control and exercise – to stay in [...]
US stocks lose ground despite strong jobless claims July 15, 2021 US stocks fell on Thursday despite strong jobless claims data strengthening the outlook for the American economy. The blue chip S&P 500 dropped 0.65 per cent today, while the tech-heavy Nasdaq fell 1.14 per cent on falls among growth stocks. The Dow Jones slipped 0.17 per cent. Read more: US stocks muted as Powell moves [...]
FTSE 100 sees slight fall as energy giants face downturn July 15, 2021 London’s FTSE 100 fell slightly this morning as the energy sector and domestically focused companies both faced losses. The capital’s premier index fell by 0.02 per cent, owing to losses in energy stocks, notably BP and Royal Dutch Shell. Just Eat and JD Sports also saw losses as Covid-19 cases soar across the country. The [...]
Visit one Scottish distillery where you can sleep, and one where you can eat July 15, 2021 Just when you thought Scotland had run out of islands to make whisky on, the Isle of the Roe Deer has released its inaugural whisky. Isle of Raasay Distillery also became the first distillery to offer accommodation, located within sniffing distance of the mash tuns of this state of art distillery, housed inside an old [...]
Just Eat delivery order growth in UK up 733 per cent on the same period last year July 15, 2021 Just Eat Takeaway saw orders rise across the globe in the last quarter as recent investments began to take off. Half year orders in 2021 are up 61 per cent, whilst newly-acquired subsidiary Grubhub saw 51 per cent growth. Delivery order growth in the UK for the same period grew a staggering 733 per cent. [...]
Exclusive: ‘The recovery is going to be rocky and uneven’, warns fraud fighter Martin Sweeney July 14, 2021 Londoner Martin Sweeney started off at taxi app Hailo as a founding engineer. While there, he worked on a project to predict which orders were likely to be fraudulent. Finding nothing suitable on the market to solve this problem, or at least with the speed or accuracy he and his team wanted, Sweeney and some colleagues decided to [...]
Collective raises £6m with Silicon Valley NFX, amid growing demands for gig worker benefits July 14, 2021 Collection Benefits, a UK insurance tech startup, have raised £6m in a round led by a Silicon Valley venture fund, as the demand for insurance and benefits in the gig economy continues. The year-old insurance provider also announced the appointment of Pete Flint OBE, the co-founder of Lastminute.com and a general partner at NFX, as [...]
Inflation fears drive FTSE downwards at the open July 14, 2021 Higher-than-expected inflation numbers on both sides of the Atlantic saw the FTSE 100 drop sharply at the open this morning. The flagship index was down 0.59 per cent after half an hour of trading. Official figures released this morning revealed UK inflation hit 2.5 per cent in June, with analysts expecting that to increase. US [...]
FTSE opens up but investors keep watching brief on US inflation July 13, 2021 The FTSE 100 opened up this morning as investors indulged in a little optimism ahead of US inflation figures due out this afternoon. Global equities have had a good run over recent days with Wall St hitting record highs last night. The flagship FTSE 100 stood at 7,144 after an hour of trading, up 0.26 [...]