Hyperloop: Elon Musk’s crazy transport system just came a step closer to its 2020 launch goal as it’s about to be tested in Nevada December 9, 2015 Hyperloop, the ambitious (some may say crazy) project to build a high speed transport system that would shoot people from A to B in pods travelling almost at the speed of sound, will begin testing its technology as soon as spring 2016. The brainchild of Tesla and Space X entrepreneur Elon Musk, work will begin on testing [...]
Zinedine Zidane admits Gareth Bale is upset by Real Madrid sacking Rafael Benitez January 5, 2016 New Real Madrid boss Zinedine Zidane admits Gareth Bale has been left upset by the sacking of his predecessor as head coach, Rafael Benitez, but has vowed to win over the Wales star. Former Liverpool and Chelsea manager Benitez was axed on Monday after just half a season in charge, prompting increased speculation that Bale [...]
Poundland faces competition probe over 99p Stores tie-up April 9, 2015 POUNDLAND’S offer to buy rival 99p Stores for £55m is facing an in-depth investigation by the competition watchdog, amid concerns reduced competition will lead to fewer promotions and store closures. The Competition and Markets Authority (CMA) warned that it could launch a 24-week in-depth probe unless Poundland “offers acceptable undertakings to address the CMA’s competition [...]
Mercedes-AMG C63 review: Can this muscle car disguise itself as a sophisticated saloon? February 29, 2016 Price: £60,060 0-62mph: 4.1secs Top speed: 155mph MPG Combined: 34.5mpg ★★★☆☆ | Design ★★★★★ | Performance ★★★☆☆ | Practicality ★★★☆☆ | Value Elvis Costello famously said, “Writing about music is like dancing about architecture” – and he had a point. I could tell you the Mercedes-AMG C63’s soundtrack is like a Wagnerian opera, or a [...]
Tinder, OKCupid and PlentyofFish owner Match Group seeks valuation of $3.8bn in stock market float November 9, 2015 Match Group, the owner of dating sites Match and OK Cupid as well as dating app Tinder, is seeking a valuation of as much as $3.8bn (£2.5m) in its initial public offering. The group plans to sell 14 per cent of the company in 33.3m shares at a price between $12 and $14, meaning it could [...]
Kingfisher’s share price falls despite third quarter sales rising to £2.7bn November 24, 2015 Kingfisher's share price fell this morning as it revealed sales had climbed 2.6 per cent to £2.7bn for the third quarter, but down 2.5 per cent on a reported basis. The retail giant, which owns Screwfix and B&Q, also reported a profit on retail activities of £223m, up just 0.4 per cent on a constant currency basis [...]
Troubled grocer Morrisons set for FTSE 100 demotion June 1, 2015 Morrisons is facing relegation from the FTSE 100 this month, having been earmarked for demotion by the stock market's committee. The troubled supermarket, whose share price has fallen more than 15.5 per cent in a year, is the company “nearest to the 111th threshold” to enter the FTSE 250, the London Stock Exchange said [...]
Sky’s share price rises as James Murdoch named chairman (again) and broadcaster reports highest UK and Ireland growth in 10 years January 29, 2016 Rupert Murdoch's son James is to become chairman of Sky in April, as incumbent Nichols Ferguson steps down after 12 years on the board. Martin Gilbert has been appointed as deputy chairman, with Andrew Sukawaty taking over his former role as Sky's senior independent director. This is not Murdoch's first stint as chairman of the [...]
Goldman Sachs leads $45m investment in travel website startup GoEuro December 9, 2015 Goldman Sachs is among several investors to plough millions into a travel website which compares plane, train, bus and car rental across Europe. The $45m (£30m) series B investment round for three-year-old Berlin-founded startup GoEuro was lead by the Goldman's Investment Partners arm, with further cash coming from venture capital firms and entrepreneurs. That includes London headquartered Atomico, Russian billionaire Yuri [...]
Poundland-99p Stores tie-up threatened by Competition and Markets Authority April 9, 2015 Poundland's offer to buy rival 99p Stores for £55m is facing an in-depth investigation by the competition watchdog, amid concerns reduced competition will lead to reduced quality, fewer promotions and store closures. The Competition and Markets Authority (CMA) said it believes the tie-up could create "a realistic prospect of less competition" in 80 local areas – [...]