uk

Deliveroo’s Orders Drop by 7 Million as Consumers Cut Back
Deliveroo’s Orders Drop by 7 Million as Consumers Cut Back
April 20, 2023  |  Earnings

With rising price pressures worldwide, aggregators are seeing consumers cut back. United Kingdom-based food delivery aggregator Deliveroo shared in its first quarter financial report Thursday (April 20) that orders...

READ MORE >
Amazon Enables Sellers to Add 9 European Stores
Amazon Enables Sellers to Add 9 European Stores
April 19, 2023  |  Amazon Commerce

Amazon now enables sellers to expand their business more quickly to its nine European stores. The new European Expansion Accelerator allows sellers who already sell in at least...

READ MORE >
UK Retailers Step Up Rewards to Help Shoppers Navigate Inflation
UK Retailers Step Up Rewards to Help Shoppers Navigate Inflation
April 18, 2023  |  Loyalty & Rewards

As Brits try to cut back on spending and expenses amid the ongoing cost-of-living crisis and double-digit food inflation, U.K. grocers are under pressure to...

READ MORE >
Open Banking Helps Fast Track AI-Driven Lending, Says Nucleus Finance CEO
Open Banking Helps Fast Track AI-Driven Lending, Says Nucleus Finance CEO
April 18, 2023  |  Artificial Intelligence

When it comes to artificial intelligence (AI)-driven credit decision-making, Chirag Shah, founder and CEO at U.K. FinTech lender Nucleus Commercial Finance, is of the view...

READ MORE >
Bank of England Hints at Limits on Stablecoin Payments  
Bank of England Hints at Limits on Stablecoin Payments  
April 17, 2023  |  Cryptocurrency

Rattled by the collapse of Silicon Valley Bank, the crypto winter of 2022, and unnerved at the prospect of crypto assets being widely used as...

READ MORE >
Asda and Wayve Team to Test UK Driverless Grocery Delivery
Asda and Wayve Team to Test UK Driverless Grocery Delivery
April 17, 2023  |  Retail

Asda has launched what it calls the U.K’s largest driverless grocery delivery trial. The supermarket chain has teamed with autonomous vehicle technology startup Wayve to deliver groceries to...

READ MORE >
Floodlight Raises $6.4 Million for ‘Smart Business Account for eCommerce’
Floodlight Raises $6.4 Million for ‘Smart Business Account for eCommerce’
April 17, 2023  |  Investments

Floodlight has raised $6.4 million in a seed round to expand its “smart business account for eCommerce.” The United Kingdom-based company’s account enables eCommerce small-...

READ MORE >
THG Reportedly Receives Acquisition Proposal From Apollo Global Management
THG Reportedly Receives Acquisition Proposal From Apollo Global Management
April 17, 2023  |  Retail

THG has reportedly received a non-binding acquisition proposal from Apollo Global Management. The British online retail platform said the private equity firm has until May...

READ MORE >
Women and Millennials Lead UK’s Digital Shopping Transformation
Women and Millennials Lead UK’s Digital Shopping Transformation
April 14, 2023  |  Merchant Innovation

Digital features are crucial to winning over the United Kingdom’s tech-savvy shoppers — and merchants know it. We find that U.K. merchants go out of...

READ MORE >