The Piano Works and Kerb market bosses among those pushing Rishi Sunak to back hospitality investment November 11, 2020 London hospitality firms including The Piano Works, street food market Kerb and bar operator Lollipop have called on the government to incentivise investors to help rebuild the sector without burdening struggling companies with extra debt.
Mr Kipling owner Premier Foods raises outlook as lockdown feeds demand November 10, 2020 Premier Food has raised its full-year profit outlook, saying it expects a higher demand for its brands – which include Mr Kipling, Bisto, and Oxo – due to fresh lockdown restrictions on eating out. The group reported a 35.5 per cent increase in pre-tax profit to £50.5m for the six months to 26 September, as [...]
European stocks set for a post Pfizer hangover November 10, 2020 The week started yesterday with an euphoric stock market reaction to the news that Pfizer and Germany-based BioNTech had seen a 90% success rate in a vaccine study. The new record highs for the Dow, S&P 500 and Russell 2000 point to a greater sense of optimism than at any other time this year, Michael [...]
Blockchain and the future of digital and crypto currencies November 9, 2020 With the advances in online banking, contactless payments, and the recent concerns related to using physical currency in the days of COVID-19, fewer and fewer people carry cash. And with China leading the way to launch a central bank for digital currencies, this trend is not just set to continue, but to accelerate. Many in [...]
Why Congham Hall in Norfolk should be your next staycation November 9, 2020 We all need something to look forward to right now, and with foreign travel likely to be a risky business for the foreseeable future, staycations should be at the forefront of your plans. Here’s a perfect country retreat just a couple of hours from London. The weekend If you’re looking for a getaway just outside [...]
The City A.M. weekend: How to have fun during lockdown November 7, 2020 This is not the weekend we wanted, but it’s the weekend we have to make do with. As we enter another period of lockdown, there are no galleries, cinemas, restaurants or places to have fun of any kind. So here’s the weekly City A.M. culture and entertainment round-up, lockdown edition. Over the next few weeks [...]
The best home delivery kits, from prepare-at-home gourmet meals to chocolates and whisky tasting November 6, 2020 The prospect of another month without restaurants is frankly too much to bear, especially with the nights drawing in and the temperature dropping. The hospitality sector was already on its knees and now it needs our help more than ever. Thankfully you can kill two birds with one stone – supporting your favourite chefs and [...]
US Election: Biden’s (almost certain) win: How it happened November 6, 2020 Live updates on the US Presidential Election 2020 as Donald Trump and Joe Biden go head to head. Rolling coverage as Americans vote.
New boss at Pizza Express as slice taken out of debt pile November 6, 2020 Pizza Express has appointed a new chairman and chief executive, Allan Leighton and David Campbell respectively, and reduced its debt pile by £400m after completing its recapitalisation. The new capital structure has reduced debt by more than £400million, from £735million to £319million, and includes the immediate injection of £40million of new capital. The business also [...]
There is another way out of these Hotel California lockdowns November 5, 2020 With the nights now drawing in, the weather growing more miserable by the day, and another lockdown starting today, this is beginning to feel more like being trapped in the Hotel California. We’re all just prisoners here, of our own device. But what if there was a better way out? According to official figures, Covid-19 [...]