Just Eat Takeaway urged to sell Grubhub by activist investor October 25, 2021 Just Eat Takeaway (JET) has been urged to sell or spin-off its US arm Grubhub by an activist investor by the end of the year. Investor Cat Rock Capital has said the food delivery firm’s management “failed to fix the deep and damaging undervaluation of its equity by taking tangible action to unlock the value [...]
Strong appetite for takeaway and delivery as sales soar past pre-Covid levels October 22, 2021 Restaurant groups- including Pizza Express and Honest Burgers -more than doubled their delivery and takeaway sales from pre-Covid levels last month. Combined sales were 130 per cent higher than in September 2019, the CGA & Slerp Hospitality at Home Tracker revealed. Sales are also 35 per cent higher than in September 2020, with signs that [...]
Long read: Tech firm with big ideas looks set for Shift into higher gear October 18, 2021 PICTURE the scene: a living room full of boxes, two flights of stairs and a hired van parked two streets away. After multiple trips – in both senses of the word – one is inclined to be a bit fed up. It’s the sort of moment that makes you wish somebody invented an easier way [...]
How challenger banks are revolutionising the sector October 15, 2021 This article first appeared in ICAS’ CA magazine. Three expert CAs tell Karam Filfilan how a new wave of challenger banks are helping to revolutionise the sector, both for consumers and businesses. Read October’s CA magazine now Digital transformation has revolutionised the banking sector over the past decade. Gone are the days of neighbourhood bank branches [...]
TfL moves to open Night Tube next month on Central and Victoria lines October 14, 2021 Sadiq Khan has announced today that the Night Tube will be back open next month on the network’s two largest lines. The 24-hour weekend London Underground service will resume on the Central and Victoria lines, after being suspended at the start of the Covid-19 pandemic. It comes after a wave of complaints in recent weeks [...]
Amazon faces £100m compensation case as London drivers demand employment rights October 13, 2021 Multiple self-employed Amazon delivery drivers are seeking employment rights from the digital giant, a case that reports say could potentially cost the digital giant over £100m. Law firm Leigh Day is launching moves against delivery giant Amazon over workers’ rights, which it says could result in compensation totalling millions of pounds. Leigh Day claims thousands [...]
Uber showcases employees’ business ideas in Oxford Street pop-up – CityAM : CityAM October 8, 2021 Uber is launching a pop-up store on Oxford Street – London’s busiest shopping artery – to test some of the products and services designed by its drivers and couriers. Open throughout October, the store will be operate from Monday to Thursday, giving employees an opportunity to showcase their business ideas to the general public. The [...]
Asda rolls out one-hour home delivery service across 96 stores October 8, 2021 Asda said this morning it is planning to extend its one-hour express delivery service to 96 stores following a successful trial over the summer. The service gives customers access to Asda’s full online range of more than 30,000 grocery products for delivery within the hour if they live within a three-mile radius of a store [...]
Grubhub founder steps down only four months after £5.8bn takeover by Just Eat October 8, 2021 The founder of US food delivery platform Grubhub has quit the business just four months after it was bought by UK-listed rival Just Eat Takeaway. Matt Maloney joined the Just Eat Takeaway board in June but has since stepped down to “pursue other opportunities”, the company said this morning. Just Eat boss Jitse Groen said: [...]
A revitalised gig economy free from controversy is in all of our best interests October 7, 2021 Back in 2009, the gig economy promised to revolutionise the relationship between companies and the people working for them. The main attraction of the gig economy is that it offers freedom; freedom to set your own rules and have the flexibility to work when it suits. This was the future of employment, but fast-forward a [...]