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 [...]
Focus On Archway: Will a new road system, public square and revamped tube station boost house prices in N19? August 4, 2016 Legend has it that when Dick Whittington was on his way out of London, he reached Archway, heard the peal of the Bow Bells and decided to return to the capital. Its reputation as a hinterland, a border, endured for centuries afterwards. Known originally as Highgate Archway – as in, the place you pass through [...]
Burger King owner dines out on meal deals and refreshed menu August 4, 2016 Restaurant Brands – the owner of Burger King – is struggling to hold its own in the fast food wars. Revenue unexpectedly fell in its latest quarter as exchange rates dragged on profit and sales slowed at existing venues. Despite luke-warm sales, the company managed to increase earnings by cutting costs. Total revenue in the quarter [...]
Before the bell: What you need to know before the US market open August 4, 2016 The Bank of England has cut interest rates and markets are loving it. Here's what you need to know before the US market open at 2:30pm London time. US stock futures are pointing up ahead of the open. The S&P is up by 0.15 per cent, the Nasdaq is up by 0.05 per cent, while [...]
TripAdvisor shares drop as hotel revenue slumps and online competition heats up in second quarter August 3, 2016 Lower hotel revenues and costly expansion investments hit travel site TripAdvisor’s quarterly revenues today. The figures Shares were down 7.6 per cent in after hours trading to $64.24 (£48.49), after the company posted a three per cent fall in revenue to $391m and a 41 per cent drop in net income to $34m in the second [...]
Royal Mint Court near the Tower of London gets planning permission for a redevelopment that includes space for a start up hub August 1, 2016 The capital is to get space for a new tech hub in the former home of the Royal Mint near the Tower of London. A proposal to remodel and refurbish the historic building, called Royal Mint Court, has received planning permission from the London Borough of Tower Hamlets. The plans by Delancey and the LRC [...]
This is how Jamie Oliver wants to be cremated when he dies July 31, 2016 Celebrity chef, restaurateur and food campaigner Jamie Oliver may be a dedicated businessman, but he's probably a little too wedded to his career if his wishes for his body after he dies are anything to go by. Oliver told Weekend magazine he wants to give his funeral a "culinary feel", which will involve being cremated in [...]
Legendary Mayfair nightspot Annabel’s saw its profits boosted by cost-cutting in 2015 July 31, 2016 Legendary Mayfair nightclub Annabel's has been boosted by improved profits after a year of cost-cutting. The club, named after English socialite Annabel Goldsmith, recorded profits of £2.7m for the year to 27 December, up from £2.1m in 2014, despite revenue dipping from £8.4m to £8.1m. Read More: Caring toasts rise in sales at restaurant empire According [...]
Rio 2016: Here are the best London big screens to watch team GB go for gold July 29, 2016 The Rio 2016 Olympic games are rapidly approaching, and if you're half as excited we all were for the London 2012 Olympics, you’re going to want to watch all the action in the best venues possible. Here’s a roundup of the locations around London where you can catch all the action on the big screen. [...]
This Soho property boss is “on a mission” to make China town less Chinese July 28, 2016 China town is getting a revamp – and it's going to become less Chinese. Speaking to City A.M., the chief executive of Shaftesbury – which owns 3.2 acres of land in Chinatown – said there are too many Cantonese restaurants in China town, and he hopes to attract more varied set of restaurateurs to the heart of London. Read [...]