This German unicorn tech startup could IPO as soon as next year August 7, 2016 Food delivery startup Delivery Hero could go public as soon as next year, its chief executive has revealed. The German startup, a so-called unicorn valued at more than $1bn, could IPO next year but is in "no hurry" and can wait for the right conditions. "Whether it will happen next year? It is quite possible," said [...]
Deliveroo just raised $275m to fend off Uber August 5, 2016 Deliveroo, the London-based food delivery startup whose bikes are swarming the capital, has just raised another $275m (£209m) in an effort to ward off a growing threat from Uber. The company said the Series E investment round was led by Bridgepoint, existing investor DST Global and General Catalyst, with participation from Greenoaks Capital. The company said [...]
How to help your kids handle money August 3, 2016 Getting the younger generation engaged with money matters is more crucial than ever. The lot of today’s young is radically different to their parent’s, and being financially literate is an increasingly important life skill. “Teaching proper money management is possibly one of the best gifts you can give your children. It could save them untold stress [...]
Just Eat bins Benelux business for millions August 2, 2016 Just Eat has conceded defeat to a rival takeaway business in two European markets – but netting itself millions in the process. The food delivery company, which last week upgraded its earnings guidance for the second time this year, has sold off its business in Belgium and the Netherlands to rival Takeaway.com for €22.5m (£19m). Read more: Just Eat [...]
As French growth grinds to a halt, is the country’s economic model fundamentally broken? August 1, 2016 Tim Worstall, senior fellow of the Adam Smith Institute, says Yes. France’s economic model is irretrievably broken. Along one axis we have a spectrum of possible economic models. We can have low tax and redistribution market economies and high tax and redistribution ones. Non-market economies do not work. Further, the more we tax and redistribute, the [...]
Goodwood betting: Angel can fly in the King George Stakes July 28, 2016 Watching back a replay of last year’s Qatar King George Stakes, it’s impossible not to be impressed by William Haggas’s Muthmir. The son of Invincible Spirit carried a penalty to victory that day and won with a little bit more in hand than the eventual winning margin of just a head implies. He lines up unpenalised [...]
Just Eat soars to record high delivering upgraded outlook July 28, 2016 Shares in takeaway firm Just Eat have soared to a record high after upping its outlook for the year. The figures Revenue for the first half the year to June was up 59 per cent to £171.6m as like-for-like orders surged 40 per cent. Underliying earnings before interest, taxes, depreciation and amortisation more than doubled to £53.4m [...]
How to invest in a recession – staycations and drinking at home will become trendy again if there’s a downturn July 27, 2016 One month on from the Brexit vote and the UK economy seems in a precarious state. Economic activity is slowing, and economists have warned there’s a risk of a recession this year. The out vote has, in the International Monetary Fund’s words, put a spanner in the works. The value of the pound has fallen too, [...]
William Hill shows the gaming tables can turn July 26, 2016 It's eat or be eaten in the gaming sector, and 888 and Rank have decided they would rather be predators than prey. Once takeover targets themselves, the two gambling firms have joined forces to consider bidding for William Hill, which is down on its luck. They have pounced with a preliminary approach following last week’s shock [...]
Confidence in the bar and restaurant sector has plummeted after last month’s Brexit vote July 25, 2016 Confidence among bosses in the UK's bar, pub and restaurant sector has dived since the referendum, according to research by CGA Peach. The effect of the vote on consumer confidence, rising product costs and staff availability are leading short and long-term concerns for senior executives, the survey of 80 board-level directors found. Just 15 per [...]