Organic coffee company Cru Kafe turns to Seedrs to raise £300,000 in crowdfunding campaign to “stabilise its working capital” November 24, 2015 Ethical coffee brand Cru Kafe is looking to raise £300,000 in an equity fundraiser on crowdfunding site Seedrs. In exchange for 5.76 per cent of the company's stock, the Cru Kafe, which makes organic, Fairtrade coffee capsules for espresso machines, is looking for cash to help grow its business. Co-founder and chief executive Colin Pyle told City A.M. the [...]
Now Lidl’s getting into the online grocery delivery business after Amazon Fresh’s UK debut and Aldi’s plans, taking on Tesco, Sainsbury’s, Asda and Morrisons November 24, 2015 Fresh from Amazon's launch into the highly competitive grocery delivery game with Pantry, is fellow supermarket disrupter Lidl about to follow suit? The German discounter, which is already giving the big four a run for their money in bricks and mortar, has snapped up a fresh food delivery startup in its home country. Kochzaube, which delivers fresh [...]
Where can I use Apple Pay in the UK? The A-Z of shops, restaurants and apps which will accept mobile payment with iPhone 6 and 6 Plus November 17, 2015 Apple launched its mobile payment service, Apple Pay, in the UK in its first mobile payment move beyond the US, capitalising on the boom in mobile and contactless payments among consumers. iPhone 6 and 6 Plus users can now pay with just the tap of a smartphone, or Apple Watch, across the high street and [...]
Skype founders take on 24-hour delivery market with launch of self-driving robot November 2, 2015 Forget delivery vans or even using your legs to walk to the shops for that matter. The founders of Skype plan to shake-up the grocery delivery market with a fleet of self-driving robots that will be able to drop groceries on your doorstep within 30 minutes. Starship Technologies, founded by Skype’s Ahti Heinla and Janus Friis, has [...]
Best of the Brokers for 21 October 2015 October 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com POUNDLAND Investec has initiated coverage of Poundland with a “hold” rating and a target price of 300p. The broker said near-term profit benefits from the integration of 99p Stores are expected to return Poundland to 20 per cent growth or more in 2017 [...]
London’s digital economy could be worth £48.5bn – Oxford Economics and Virgin Media Business October 20, 2015 London’s businesses could be set to gain £48.5bn over the next two years if they fully harness the digital technologies available. Research from Oxford Economics and Virgin Media Business, seen exclusively by City A.M., shows that by going digital, London’s companies could increase their collective revenue by 3.6 per cent, and create around 171,000 jobs over [...]
Tesco Now trademarked: Is one-hour delivery on its way? October 19, 2015 Tesco has filed a trade mark for the name Tesco Now, fuelling speculation that it's considering offering customers deliveries within the hour. Filed on 29 September and spotted by the Grocer, the trade mark covers five different food areas and the delivery of goods. The move follows the introduction of Amazon's Prime Now service, which can [...]
From Uber and the Night Tube to Megabrew and Amazon Fresh: Here’s what got us talking this week October 16, 2015 It was a week in which an eagle gave us a glimpse of its view of London. We learned how much fare dodgers are getting away with (and where are the stations giving them a free ride). And we discovered that, while spiralising is in, sexy pants are definitely out. Here's what got us talking this week [...]
Amazon Fresh UK Vs Ocado: One chart showing why Amazon is about to seriously disrupt supermarkets’ online grocery delivery October 15, 2015 As if supermarkets weren't suffering enough with the threat of discounters, a new spectre is rearing its head – Amazon Fresh. Stealthily launched in London and Birmingham under the Amazon Prime Now banner, kitchen essentials like milk will be delivered to people's door within the hour. Analysts have already warned that Amazon will have an impact [...]
Amazon Fresh launches in London: Some postcodes now get one-hour chilled and frozen food deliveries through Prime Now October 8, 2015 Amazon is delivering fresh chilled and frozen food in selected London postcodes for the first time, testing out the waters for Amazon Fresh. A fresh pint of milk, tub of Ben and Jerry's or a packet of fish fingers for tea can be on some Londoners' doorsteps in less than 60 minutes with the new delivery service [...]