Bob Bob Ricard City review: This bonkers restaurant is the Square Mile’s new best place to eat June 6, 2019 There are many laudable things about Soho’s Bob Bob Ricard: the fancy Titanic-meets-Orient-Express interiors, the no-nonsense Franco-Anglo-Russian menu that turns a fish pie or a chicken kiev into a minor culinary event. But the thing everybody remembers is the “Press for Champagne” button on every table, a gimmick that perfectly encapsulates the personality of the [...]
Fevertree Drinks: Does 20% slump offer rare chance to buy? June 5, 2019 By Edmond Jackson from interactive investor. It’s one of the great stock market success stories but is vulnerable to shifts in sentiment. Our companies analyst shares his thoughts after a savage sell-off in May. Following my recent review of soft drinks firm Britvic (LSE:BVIC), it is pertinent to compare the risk/reward profile of AIM-listed Fevertree (LSE:FEVR) – both as a potential [...]
Weekly Grill: Double Michelin starred chef Hélène Darroze talks about her new restaurant in Paris, the joy of boiled eggs and cooking for Jacques Chirac June 3, 2019 Who are you and what do you do? My name is Hélène Darroze, I am a cuisinière and mother. Most Londoners will know me from my eponymous restaurant, Hélène Darroze at the Connaught, which holds two Michelin stars. What’s new? I’m opening a new restaurant, Marsan in Paris. It’s in the same location as my [...]
Uber loses $1bn in first quarterly results since stock market float May 30, 2019 Uber has reported a $1bn (£790m) loss in its first quarterly financial report as a public company, despite revenue rising by one-fifth. Read more: Uber partners with insurtech start-up to offer digital insurance The loss will not come as a surprise to investors in the ride-hailing giant, after it already predicted the figure in a [...]
British winemaker Chapel Down grows revenue after record-breaking harvest May 30, 2019 British winemaker Chapel Down boosted revenue last year following a record-breaking harvest. The figures Group sales increased by 10 per cent overall, to £13m in the year to the end of December 2018. Sales of wine and spirits were up 11 per cent to £8.9m and beer and cider sales jumped by 10 per cent [...]
Gordon Ramsay’s restaurant empire returns to profit despite tough market conditions May 28, 2019 Celebrity chef Gordon Ramsay’s restaurant empire has returned to profit despite challenging conditions in the casual dining sector. Ramsay’s company made a pre-tax profit of £500,000 in the year to August 2018 after reporting a £3.8m loss in 2017 due to legal costs and the closure of its Plane Food branch at Heathrow, which lasted [...]
Top UK restaurants fall to £82m loss as casual dining sector feels the heat May 27, 2019 The UK’s top restaurant chains fell to a loss of £82m in the last year as they struggle to stay afloat in the increasingly competitive casual dining sector. The top 100 restaurant groups fell to the hefty loss in the year to the end of March, compared to a pre-tax profit of £102m the previous [...]
Will Amazon’s Deliveroo stake improve its luck in the UK? May 21, 2019 Online retail giant Amazon has made a large investment in food courier Deliveroo, taking a stake in the startup’s latest £450m fundraising round. Amazon has attempted to enter the food delivery market before with Amazon Restaurants UK, which was shut down last year. Amazon also runs Prime Pantry, a service allowing Prime members to order [...]
Around 1,000 jobs lost as Jamie Oliver’s restaurant business collapses May 21, 2019 Around 1,000 workers have been made redundant after celebrity chef Jamie Oliver's restaurant chain collapsed into administration following failed attempts to secure additional investment. Jamie's Italian has appointed KPMG as administrators, the company confirmed today, and 23 of the brand's 25 sites have closed. Read more: Shell's kitchen: Jamie Oliver launches petrol station food range HSBC, which is the company's main [...]
Shaftesbury boosts West End property revenue as showdown with major shareholder looms May 21, 2019 West End landlord Shaftesbury’s war of words with its largest shareholder hotted up today as it announced a 5.2 per cent revenue boost in its first-half results. The company is facing a potential £10m claim from its largest investor – Hong Kong billionaire Samuel Tak Lee. Lee, who owns approximately 26 per cent of the [...]