Six of the best places to go for a power breakfast in the City of London September 14, 2016 Hawksmoor Guildhall Basinghall Street, open from 7am Set in the hallowed Hogwartian halls around Guildhall, a breakfast at Hawksmoor comes with a side plate of gravitas. Forget flimsy, streaky rashers and come face-to-face with a pork chop in the morning, or a rib eye steak, or lobster benedict. Hawksmoor’s brunch means business. And meat. Lots [...]
Before the bell: What you need to know before the US market open September 14, 2016 US seeds company Monsanto has accepted a takeover offer from German chemicals company Bayer, marking the biggest deal of 2016. Meanwhile, stocks are floating on a sea of green. Here's what you need to know before the US market open at 2:30pm London time. US stocks are pointing higher in the pre-market. The S&P is up by 0.2 per [...]
Just Eat delivers new chatbot “coach” to advise customers on takeaways September 14, 2016 Takeaway giant Just Eat will launch a Facebook Messenger chatbot food "coach" as part of an ambitious, tech-focused rebrand in which it is attempting to create "the world's greatest food community". Just Eat's chatbot will be on hand to customers to "bring food discovery to life by engaging with customers to coach and inspire their food choices", the company announced [...]
A shortage of land could kill off London’s e-commerce revolution September 13, 2016 Recent reports that Amazon is set to test drone deliveries in partnership with the UK government is just the latest salvo in the fiercely contested battle between the e-commerce giants that are transforming the way we shop. The move also demonstrates the challenges of a constantly evolving logistics sector. City A.M. readers are at the [...]
Eneko at One Aldwych review: the Ronaldo of chefs’ new restaurant Eneko is a poor relation to its Basque sibling Azurmendi September 13, 2016 Azurmendi, a short drive from the centre of Bilbao, is one of those restaurants food groupies plan holidays around. Eneko Atxa’s three-Michelin star venue is like an epicurean Bond lair, a glass cube squatting in its own lavish herb garden, which guests are obliged to peruse before they begin their multitude of courses. Atxa himself [...]
Developer Irvine Sellar submits plans for the Paddington Cube to Westminster City Council after “The Shard of west London” was rejected September 13, 2016 Revised plans for a £775m development near Paddington Station have been submitted to Westminster Council. The plans from Great Western Developments and Sellar Paddington Limited (SPL) will transform the former Royal Mail site to create a 360,000 sq ft cube-shaped office block, which will be 14 storeys tall. A decision on the proposal is expected in [...]
Ikea sales hit a record €34.2bn in the year to August 2016 as company’s focus on food pays off September 13, 2016 The world just can't get enough of meatballs and flatpack furniture – and it's reflected in record sales at Ikea, which the company attributed largely to its focus on food in the last year. The Swedish group's total sales rose to €34.2bn (£28.8bn) in the 12 months to the end of August, from €31.9bn the year before. Total sales [...]
Gin and wine sales sparkle as boozy Brits prop up the bar September 12, 2016 The gin and sparkling wine craze is providing a much needed boost to British pubs according to new figures released by the Wine and Spirit Trade Association. The latest WSTA Market Report reveals that in the last 12 months more than £1bn worth of gin has been sold, while sparkling wine sales in pubs, bars and [...]
Investors eye strong earnings at Morrisons September 11, 2016 Supermarket chain Morrisons is expected to deliver its best half yearly performance in four years this week. The chain, which is in the middle of a back-to-basics turnaround, has been slashing prices and doing deals with competitors to try and tempt customers through its doors. Analysts are expecting like-for-like sales growth of 0.7 per cent [...]
Three former Tesco executives have been charged by the SFO in relation its accounting scandal September 9, 2016 Three former Tesco executives have been charged with fraud by the Serious Fraud Office (SFO) in relation its accounting scandal. The ex-financial director Carl Rogberg, former commercial director John Scouler and the former UK managing director Christopher Bush have been charged for their role in the retailer's profit overstatement. They have each been charged with one count of [...]