Drink up for £6 in London: Price of a pint of beer to jump by 30 pence October 19, 2021 The price of a pint of beer is reportedly set to jump by 30 pence even before any duty increases are announced in the Budget as rising costs are passed on to consumers. More than eight in 10 pubs have raised prices or plan to do so because of rising costs, including those caused by [...]
Travel rules mean London is ‘very uncompetitive’ tourism prospect October 19, 2021 The government must tweak its international travel rules in order for high-end London hotels to recuperate after the pandemic, according to one trade leader. London is currently “very uncompetitive” in the international tourism market, Joss Croft, boss of trade body UKinbound, told CityA.M. While changes to allow travellers arriving in the UK to test with [...]
Exclusive: City investors know regulation is on the horizon for buy now pay later firms October 19, 2021 The Buy Now Pay Later sector (BNPL) has seen a surge of activity since the start of the pandemic as consumers turned to online shopping and welcomed the option to purchase trending items of clothing, beauty products and other goods without parting with all of their cash up-front. More and more BNPL options, including Klarna [...]
Tesco opens new check-out free store October 19, 2021 Tesco has launched GetGo, its first checkout-free store in central London. The new store trial will allow customers to shop and pay without scanning a product or using a checkout. It is rolling out the technology to Tesco Express High Holborn. Customers with the Tesco.com app will now be able to check-in, pick up their groceries walk straight [...]
Caffé Nero to expand coffee shop network as it nears pre-Covid sales October 18, 2021 Caffe Nero is set to expand its network of coffee shops with “dozens” of new stores over the next year, as its sales climb towards pre-pandemic levels. The café chain has been making headway with its post-Covid-19 recovery, hailing it being cash positive for the past 11 months in its latest trading update. Nero sales [...]
Maybe 2023: BrewDog momentum for London listing stalls October 18, 2021 BrewDog’s momentum for a market debut in London appears to have slowed as the brewing operation eyes 2023 for a float.“Could it be sometime in 2022? Maybe. 23? Maybe,” CEO and co-founder James Watt told The Daily Telegraph.Watt was keen to distance the listing cooling from ex-staffers’ claims of a “culture of fear” at BrewDog. [...]
Asda deal to sell petrol forecourts to EG Group terminated October 18, 2021 The Issa brothers have decided to terminate EG Group’s acquisition of Asda’s petrol forecourt business. In an update on Monday, Asda said the termination came after the supermarket and the Issa brothers’ EG were allowed to share commercial information with one another. They had been previously restricted under UK competitive law but a ‘hold separate’ [...]
Timpson to cover HRT costs for staff going through menopause October 18, 2021 Retail service provider Timpson Group has said that staff can expense their prescription costs for recommended HRT. Employees of the cobbler and key-cutting firm can claim hormone replacement therapy (HRT) on expenses. The treatment relieves symptoms of the menopause. In a tweet, group chief executive James Timpson said: “It’s so important that we support our [...]
Nightclubs warn shortage of bouncers can turn into ‘threat to public safety’ October 18, 2021 Nightclubs are urgently calling for Government intervention to a worsening shortage of bouncers which industry bosses say could become a “threat to public safety”. The Night Time Industry Association (NTIA) said last month that one in five night-life and hospitality businesses closed or reduced operating hours due to a shortage of security staff. However, it [...]
Qatar emerges as front runner in talks for £4bn Selfridges October 18, 2021 The Qatar sovereign wealth fund has been revealed to be a front runner in the £4bn takeover race for the iconic Selfridges. It was reported this summer that the Westons – the billionaire family behind the department store chain – had launched a formal sales process after an approach. Now, The Mail on Sunday has [...]
