Sterling slips after shoppers scale back in September October 20, 2016 The pound has started the day nervously after new figures showed consumer spending is starting to slow and attention to turns to central banks in the Eurozone and the US. Sterling was down 0.2 per cent against the euro at €1.1175, and lost a touch of ground against the US dollar to stand at $1.2267. Retail [...]
Employee rulings in New York and London to have “staggering” impact on the likes of Amazon and Uber October 28, 2016 Amazon has agreed to stump up $100,000 (£82,000) in back-pay to a New York delivery driver whose wage packet was deducted for lunch breaks he didn’t manage to take. In a ruling many American delivery contractors will welcome coming up to Christmas, the state attorney general said the settlement will mean short-term workers are entitled to receive [...]
Presents delivered to Tim Peake and the other ISS astronauts just in time for Christmas December 23, 2015 Time Peake and his team at the International Space station (ISS) have received their presents just in time for Christmas Day. A Progress 62P vehicle, loaded with gifts and equipment for experiments, docked this morning with the Pirs section of the station. It was launched from the Baikonur Cosmodrome in Kazakhstan two days earlier aboard [...]
Tandem Bank’s chief executive Ricky Knox talks sarongs, dumb pipes, ornithology and why Facebook is scared of banking February 27, 2017 "Would you have called Amazon? I didn’t! We all thought that was just a fad – it was a bookseller. An online bookseller with that valuation? But the internet creates these giants – and it’s not just one or two of them. "Look at music – EMI is basically dead. Google – a little bulls*** [...]
UK footfall slumps in December as Britons spend Christmas online January 18, 2016 Britain's high streets suffered their biggest drop in footfall in over a year in December, as Britons shunned stores in favour of buying Christmas presents online. Traffic fell by four per cent year-on-year, which is far greater than the drop of 1.8 per cent in December 2014 and marked the biggest drop since November that same [...]
Terra Firma boss Guy Hands on buying Agent Provocateur, dyslexia and moving on from multi-million EMI loss February 27, 2017 In June last year, Terra Firma dropped a £1.5bn lawsuit against Citi over the acquisition of EMI. It is reported that Guy took a €200m (£168m) hit to his personal fortune as a result of the deal. The Terra Firma boss alleged that Citi misled him into overpaying for the music publisher in 2007. How’s [...]
Riverbed Technology’s Jerry Kennelly on turning over $1bn a year making products named after fish March 20, 2017 When I meet Jerry Kennelly, the least aggravating part of the eight-hour journey he’s just made was on the tube between Westminster and Bond Street. His flight from Stockholm to Gatwick had been fraught with issues, it’d taken him the best part of two hours to get into London from Gatwick and, having stopped off [...]
Festive betting tips: Thistlecrack can be crowned King before taking Gold December 21, 2016 They say it takes two to tango and that’s the case at Kempton on Boxing Day now that trainer Colin Tizzard has given his two stable stars the green light to run in the 32Red King George VI Chase (3.15pm). Last year’s winner Cue Card was always set to be part of this particular Christmas [...]
Black Friday: These are the top selling items at John Lewis right now November 25, 2016 John Lewis opened its stores at 8am this morning and has been selling items at Black Friday prices since midnight – here are the products people are loving: Sonos Play 1 is the biggest seller in tech The Legos Simpsons house is the best-selling item by value Marc Jacobs perfume has had the most units [...]
Consumers splash the cash in October, as spending growth hits six-month high November 14, 2016 Brits have been on a spending spree during October, with a surge in money spent heading to hotels, restaurants and bars, according to figures out today. Visa's UK Consumer Spending Index showed that year-on-year growth for consumer spending had risen to 2.5 per cent for October, the sharpest rise in six months and up from 2.3 per [...]