Deliveroo and Sainsbury’s expand partnership nationwide April 13, 2021 Deliveroo and Sainsbury’s will expand their partnership nationwide, following a successful trial that saw Sainsbury’s become available to order from via the Deliveroo app from 10 stores. The expansion includes 22 new stores in London, with the remaining stores spread nationally, including in Liverpool, Newcastle, Leeds, York, Aberdeen and Glasgow. In total, 100 Sainsbury’s [...]
Boohoo coughs up £72 million for new Soho office April 13, 2021 Boohoo has bought a new office in Soho in London’s West End for £72m, which will house approximately 600 staff. The office, located at 10 Great Pulteney Street, will become home to all London-based product, marketing, technology and central support teams, and offer flexible working for Boohoo staff. In an update this morning, Boohoo said [...]
TfL passenger numbers jump as retail and hospitality reopen April 12, 2021 Passenger numbers on Transport for London (TfL) services jumped this morning as people rushed to back to the capital’s shopping hotspots following the lifting of some lockdown restrictions. As of 10am this morning, there were around 670,000 taps in and out of Tube stations, about a third of pre-pandemic levels. TfL said that this was [...]
‘It’s the best city in the world’: Punters flock back to the Square Mile as lockdown eases April 12, 2021 Shoppers, pub-goers and those desperately in need of a haircut descended on the City of London today as lockdown restrictions eased. Today marks the first major change in the lockdown restrictions England has been living with since early January. Pubs gardens are now open, as well as restaurants with outdoor space and non-essential retail, although [...]
Number of shoppers in central London booms as Covid restrictions are eased April 12, 2021 Footfall rocketed this morning as England eased coronavirus restrictions and non-essential retail was allowed to open for business for the first time in months. In the first few hours of trading this morning footfall in shopping centres jumped nearly 340 per cent when compared with last week, according to the latest data from Springboard. Footfall [...]
Pound sterling jumps as shops in England reopen and pubs start serving April 12, 2021 GBP started the week well, trading up against the dollar and euro today as shops, gyms, pubs and restaurants reopen across England
Back in business: Lord Mayor kickstarts Square Mile reopening April 12, 2021 As the City officially reopened this morning, the Lord Mayor embarked on a tour of the businesses that have opened their doors after months behind shutters. While still noticeably quieter than pre-pandemic, it was heartening to see the City return to some kind of normalcy, with the streets busier than they have been for months. [...]
City of London starts to reopen as Government eases lockdown restrictions April 12, 2021 The City of London Corporation has today (12 April) announced a string of events across the Square Mile, which will mark the reopening of some of its most iconic institutions and businesses, including non-essential retail, outdoor hospitality and leisure. As the Government’s roadmap to ease lockdown restrictions in England reaches its second step, Lord Mayor [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
Pensionbee targets £384m valuation as it gears up for London float April 12, 2021 Pensionbee is targeting a valuation of up to £384m as it prepares to list on the London Stock Exchange later this month. In a filing today the fintech firm priced its initial public offering at between 155p and 175p per share, giving a market capitalisation of between £346m and £384m. It plans to raise £55m [...]