Investors give Yelp a good rating as online review firm beats expectations August 9, 2016 Online review company Yelp’s share price leapt in after-hours trading on Tuesday after it beat analyst expectations in the second quarter of 2016. The figures The US company reported net revenue of $173.4m (£133m) in the three months to 30 June, up 30 per cent. Wall Street had expected a turnover of $169.8m. Some $151.9m of this came [...]
Panic at the disco? Nightclubs are struggling to compete with bars and pubs August 8, 2016 The party could be winding down in the UK's nightclub scene, as revenues in the top 100 nightclubs have fallen nine per cent in the last year. A lack of access to funding and increased competition has left clubs struggling to compete with late-night bars and pubs, according to commercial lender Ortus Secured Finance. Turnover [...]
Long Weekend: Newly opened hotel Innside New York NoMad offers to give guests the goss on Manhattan’s coolest hang outs August 5, 2016 The weekend: The epicentre of the world according to every Armageddon-themed movie ever made, New York’s also a welcoming, walkable city which begs to be visited when the days are long, the spirits high, and the air-con’s omnipresent. Its familiarity belies a forever changing chameleon of a personality, as the heaving bulk of an 8m-plus [...]
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 [...]