Just Eat orders £445m placing for takeaway May 21, 2015 JUST EAT moved closer to gobbling up Australian takeaway business Menulog last night, after it closed the books on its £445m placing and open offer. Bookrunners JP Morgan and Goldman Sachs have conditionally placed 105.4m new ordinary shares with institutional investors at 425p per share, which will fund its acquisition of Menulog. The online takeaway [...]
Focus on Poplar: There’s good reason it’s getting so popular, you know May 21, 2015 It hasn’t always been so popular to live in Poplar. Its postcode, E14, has held the dubious honour of being the most unequal in the UK, as its East End estates sit a stone’s throw away from the shimmering towers of Canary Wharf. It’s now best known in the nation’s mindset as the impoverished setting [...]
The ultimate half-term guide: From Chelsea’s Victory Parade to In The Night Garden at the O2 May 21, 2015 I know what you’re thinking: it can’t be half-term again already. Well, I’m afraid it is, but fear not: the life and style team at City A.M. have put their heads together and come up with the ultimate guide to the weeklong school holiday, featuring everything from Chelsea FC’s victory parade to a family orientated [...]
National Waiters’ Day: Unions protest outside Pizza Express, Grosvenor House Marriot Hotel over low pay May 21, 2015 Waiting staff are out on protest today in central London over low pay and claims that Pizza Express management are “pocketing an estimated £1m that should go to poorly paid staff”. Unite the union is organising the event, which began at midday on National Waiters' Day, outside the Leicester Square branch of Pizza Express. [...]
Roux Sr and Jr bring their Michelin-starred food to the Investec Derby at Chez Roux at Blue Riband May 19, 2015 Last year, the World’s Greatest Flat Race joined forces with two of the world’s greatest chefs – Albert Roux and Michel Roux Jr – for Chez Roux on the Prince’s Lawn, a partnership that brought Michelin-starred gastronomy to the Investec Derby. The father and son duo are set for a return, this time taking over [...]
Palatine orders up £13m buyout of cocktail chain The Alchemist May 17, 2015 Upmarket cocktail chain The Alchemist has said it is planning to gobble up more sites across the UK after completing a £13m management buyout backed by Palatine Private Equity. The Alchemist, which first opened its doors in Manchester in 2010, runs two venues in the city centre as well as sites in Leeds and in [...]
Gordon Ramsey restaurants boil down losses May 17, 2015 GORDON Ramsey kept sales across his restaurant empire simmering last year after new openings in south London helped to offset the end of his contract at Claridges hotel. Turnover at the celebrity chef’s 26 restaurants edged down in the year to August 2014 to £44.7m from £44.8m the previous year, according to accounts filed by [...]
Bangalore: India’s most livable city and the fast-track to its vibrant tech-filled future May 17, 2015 If Old Delhi is the crumbling emblem of India’s imperial past and Mumbai is the pounding heart of its contemporary popular culture, Bengaluru (anglicised as Bangalore) and Chennai are the country’s fast track to the future. The former, and less often the latter, are nicknamed the Silicon Valley of India on account of their thriving [...]
A pop-up “Breaking Bad” cocktail bar is coming to London… and it’s from the creators of the owl bar May 15, 2015 London shows no signs of going off the fickle concept of pop-ups or novelty bars, cafes and restaurants. The latest to join a string of limited-time-only haunts this summer is a pop-up themed around the hit TV show Breaking Bad. From the organisers of the controversial bar which hosted live owls, comes a new cocktail [...]
Why I can’t feel sorry for LinkedIn as its share price tumbles May 12, 2015 When I read that shares of the business networking company LinkedIn plunged by 20 per cent, I felt quietly cheered. I’m so pleased about it, in fact, that I’m thinking of sending all their connections an email inviting them to congratulate it. Inappropriate? Maybe, but no more so than the one they sent my contacts [...]