Dear Diary: Moleskine wants to win the TikTok generation with notebook vending machines October 18, 2022 Beloved by wordsmiths across the globe, Moleskine notebooks are based on the black books of Parisian cafes in the 19th century – where artists would meet up over a glass or three of wine to share notes and experiences. But the firm’s boss is not looking back today – Daniela Riccardi’s eyes are very much on tomorrow’s [...]
We can’t base artificial intelligence laws off of the risks we only imagine to be real June 21, 2023 We’ve heard endless calls to ‘do something’ on artificial intelligence, but politicians are still basing their thinking on the risks they assume to be real, not the ones we know about, writes James Boyd-Wallis. Last week, Rishi Sunak said he wants to balance safety and innovation to realise the potential of artificial intelligence. But to [...]
FTSE 100 close: Ocado emerges as top dog in 2023 so far, but index pulls away from record high January 18, 2023 London’s FTSE 100 finished slightly lower today, dragging it further away from its record and signalling traders are looking through signs UK inflation has passed its peak and could be a downward trend this year. The capital’s premier index dropped 0.27 per cent lower to 7,830.71 points, while the domestically-focused mid-cap FTSE 250 index, which [...]
Hot under the collar: Ocado pins revenue tumble on warehouse fire September 14, 2021 Online supermarket Ocado has pinned a revenue dive over the last quarter on a fire at one of its London warehouses, in its latest trading update today. The fire, at its south London Erith Customer Fulfilment Centre in July, cost Ocado some £35m in revenue, it said in a statement – the equivalent of 300,000 [...]
JD Sports attempts to calm investors about Cowgill exit as shares slump May 27, 2022 JD Sports made attempts to reassure investors yesterday after red flags were raised by the sudden departure of Peter Cowgill.
British icon Selfridges becomes Thai: Weston family agrees £4bn sale December 2, 2021 Selfridges’ owner the Weston family has agreed to sell the iconic high-end department store chain to Thai private conglomerate Central Group for £4bn. The Canadian billionaires have reached an agreement with Central Group in the last few days, hoping to close the deal by the end of the month, the Times reported. Founded by American [...]
London business groups call on government to stop five per cent rail fare hikes in 2022 October 20, 2021 London business groups have called on the government to ensure rail fares do not surge next year on the back of above expected inflation, warning this would cripple the capital’s recovering economy. London First and the Centre for London said today that a 5 per cent rise in rail fares next year, which is the [...]
Dark clouds gather over the City as staggering 136 London-listed companies issue profit warnings July 18, 2022 As cost inflation bites and more and more Brits start thinking about their spending, a growing number of London-listed companies have issued a series of profit warnings this year. In fact, the number of firms which issued the warnings – always a headache for shareholders – jumped by 66 per cent in the first six [...]
Ocado turns to robots for delivery of groceries to Londoners amid shortage of workers October 26, 2021 Built by UK online supermarket pioneer Ocado, the washing-machine sized bots have caught the eye of international retailers battling a shortage of workers and rising wage demands. Watch the full report.
Brits turn to ice cream, paddling pools, BBQs and fans as temperatures set to break record today July 17, 2022 Sales of paddling pools and fans are soaring and ice cream is set to break a record for the amount bought in a single week as Brits prepare for more heat with temperatures continuing to rise. With an “amber” extreme heat warning in place for much of England and Wales today, tomorrow and Tuesday, Tesco [...]