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Online grocery shopping took off last year but can it be profitable?

At the height of the dotcom boom, a start-up called Webvan debuted on the New York Stock Exchange. By the end of its first day, this internet grocery delivery firm had seen its stock soar by two-thirds and its market value surpass $8billion. Two years later, it went bankrupt. Since that time, the share of groceries purchased on the web in the UK rose slowly and was only about 7 per cent prior to the Covid-19 pandemic. Suddenly, within a matter of weeks last year, supermarkets had to ramp up the...
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Pets at Home sales surge as animal ownership soars

Pets at Home sales surge as animal ownership soars Pets at Home has reported an 18 per cent leap in revenue to £302m for the third quarter of 2020. The UK’s leading pet care firm showed a strong performance despite coronavirus lockdowns effecting store openings on both a regional and national level. Trading built momentum over the festive period, with like-for-like sales seeing a 17.6 per cent rise as customers took advantage of its click and collect service. The group antic...
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Source: cityam.com

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United Airlines posts $1.9 billion loss in pandemic-laden 4Q | News, Sports, Jobs

The Associated Press FILE - In this Oct. 15, 2020, file photo, a United Airlines airplane takes off over another United plane on the runway at San Francisco International Airport in San Francisco. United Airlines said Wednesday, Jan. 20, 2021, that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year. (AP Photo/Jeff Chiu, File) United Airlines said Wednesday that it finished...
United States Peter Mcnally Scott Kirby United Airlines Delta Air Lines Third Bridge

United Airlines posts $1.9B loss in pandemic-laden 4Q | News, Sports, Jobs

AP Airlines Writer United Airlines said Wednesday that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year. The loss was wider than analysts expected. The number of U.S. airline passengers had been building slowly since May but was hammered again when COVID-19 cases began surging in the fall, causing health experts to beg people to stay home. United lost $7.1 billion in 202...
United States Peter Mcnally Scott Kirby United Airlines Delta Air Lines United Airlines Holdings Inc

Oil majors beat traders, gas rivals to cash in on LNG price spike | Hellenic Shipping News Worldwide

Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their access to multiple sources of the fuel. Asian liquefied natural gas (LNG) prices have rocketed to record highs in January due to low stocks, a cold ...
United States United Kingdom Peter Mcnally Mark Potter Nina Chestney Scott Disavino

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