High street bosses plead Chancellor to slash business rates October 10, 2021 Around 20 retail leaders have called for a cut to business rates to ensure the high street’s pandemic recovery. Some 21 bosses – including leaders of Iceland and MossBros – have written to Chancellor Rishi Sunak and said urgent intervention is needed to protect businesses. “There are many views on precisely how the business rates [...]
Gas price crisis: Ovo boss hints more energy companies will fold October 10, 2021 More energy companies will have a “hard time” due to rising gas prices, the chief executive of Ovo has said. Stephen Fitzpatrick told the BBC this morining: “There are a lot of companies in the market that have sprung up quite recently, there’s been some great competition in the UK market, consumers have benefitted. “But [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Jacamo owner N Brown hails momentum amid turnaround plan October 8, 2021 Online fashion group N Brown has hailed positive momentum heading towards the busy Christmas period following the company’s turnaround plan. The Jacamo and JD Williams owner said it has seen early improvements on the back of “restructuring work” after pushing forward with a new strategy last summer in a bid to return to growth. 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: [...]
Rain and fuel chaos kept shoppers away from the high street October 8, 2021 Shoppers were deterred from the high street last month because of rain and chaos surrounding fuel buying. Total UK footfall dropped by 16.8 per cent in September, compared to pre-pandemic levels, BRC-Sensormatic IQ data found. Out of all regions, London saw the biggest drop of 26.3 per cent, compared to 2019. The city has suffered [...]
JustEat orders to offices soared last month October 7, 2021 JustEat has said orders of delivery food to offices has almost doubled in September, compared to June. The number of companies ordering food to the office last month grew more than 170 per cent when compared to last September. Office delivery sales have increased by more than 150 per cent from July to September, the [...]
Dairy farmers cry over spilt milk as tens of thousands of litres destroyed amid driver shortages October 7, 2021 Dairy farmers have had to pour tens of thousands of litres of milk down the drain thanks to the HGV driver shortage. One farmer told Sky News he had had no option but to pour 40,000 litres of milk away over the past couple of months after there were no drivers available for collection. The [...]
Revolution Bars raises a glass to better than expected post-lockdown sales October 7, 2021 Revolution Bars has said its sites in England have traded 21 per cent higher than pre-pandemic levels since being able to operate free of Covid restrictions. The Revolucion de Cuba owner published a trading update looking at the period from July 19 – known as Freedom Day when all existing Covid rules for businesses were [...]