Exclusive: Deliveroo injects £2.5m into subsidising cost of eco-friendly packaging for small restaurants October 28, 2022 Deliveroo is pumping £2.5m into subsidising the cost of eco-friendly packaging for its smaller restaurant partners. Restaurant partners will receive a 50 per cent subsidy on the cost of sustainable packaging, the delivery firm told CityA.M. on Friday. The scheme will cover any item that is home-compostable or made from recyclable paper, cardboard, or recycled [...]
Premier League eyes £30m NFT deal with Sorare October 28, 2022 The Premier League is weighing up £30m-a-year digital tokens deal with Sorare, as the sport pushes into the world of non-fungible tokens (NFTs). According to reports from Mark Kleinman for Sky News, the top English clubs are set to meet with the French start-up later today to discuss a multi-year agreement. It is understood the deal [...]
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
Andrew Griffith reappointed as City minister by Sunak October 27, 2022 Andrew Griffith has today been reappointed as City minister as a part of Rishi Sunak’s latest tranche of frontbench appointments. Griffith, a close Boris Johnson ally, retains the portfolio as a part of his role as economic secretary to the Treasury – a junior ministerial role in the department. The former Sky executive had been [...]
Clear skies ahead for Lufthansa, as carrier expects strong demand to stay October 27, 2022 Lufthansa anticipates demand to remain strong in the months ahead, with capacity expected at 80 per cent of pre-Covid levels in the fourth quarter despite inflationary pressures. According to chief executive Carsten Spohr, people will continue to splash cash on tickets after two years of not being allowed to travel due to the Covid pandemic. [...]
Ben Francis: Gymshark’s move to the West End ‘completely different ball game’ October 27, 2022 How does Gymshark’s 30-year-old founder feel about the fitness apparel firm moving offline and into the West End? “Buzzing,” Ben Francis tells CityA.M. Gymshark reeled in record profits during the pandemic, as stuck at home Brits took to Joe Wicks workouts and online shopping with abandon. With that now in the rear-view mirror, Francis is [...]
So-so energy: Supplier’s push for funds is a worrying sign for the market October 26, 2022 So Energy's scramble for funds this winter reflects the stark reality that the industry crisis is far from over, as another winter looms.
So Energy seeks tens of millions in extra cash amid UK energy crisis October 25, 2022 So Energy is reportedly seeking tens of millions of pounds worth of additional funding to help navigate the UK’s energy crisis. The energy firm, which supplies power to more than 300,000 households, in August urged the government to act fast, calling the crisis “a state of emergency” in an exclusive interview with City A.M. The [...]
Exclusive: Rival firm urges Octopus and Ovo to ringfence Bulb’s customers October 25, 2022 A rival supplier has slammed the two prospective bids for fallen firm Bulb Energy, labelling them a “significant risk to all energy bill payers.”
Scottish Power calls for Bulb auction to be scrapped and restarted October 24, 2022 Scottish Power has slammed the Government's handling of the sale of Bulb accusing them of distorting competition in the energy sector.