Ocado shares soar on Japanese robot warehouse deal with Aeon November 29, 2019 Shares in online retailer Ocado jumped more than 11 per cent today after it announced a deal to help Japanese retailer Aeon launch a new online business. Ocado uses robot technology in its customer fulfilment centres (CFCs) to automate many processes. Read more: Ocado to build sixth warehouse as online grocer accelerates growth It said [...]
FTSE 100 softech Micro Focus’ share price is rising, after annoucing the sale of Suse to private equity house EQT July 2, 2018 Software provider and IT management consultancy Micro Focus has announced the sale of its Suse open source subsidiary for $2.535bn (£1.93bn) to Swedish private equity house EQT, giving its share price a boost as markets opened. Suse is worth almost one-third of Micro Focus’s business, acquired by the company as part of an all-share purchase [...]
UK art exports surge to £6.8bn as weak sterling boosts US demand October 28, 2019 The value of art exports from the UK surged by almost a quarter in the last year thanks to increased appetite from US collectors. Sales of art and antiques hit £6.8bn in the year to the end of August, up 24 per cent on the previous 12 months, according to figures compiled by private wealth [...]
Britain must get creative to shake off pandemic blues June 2, 2020 On Sunday 10th May, Boris Johnson announced the first tentative steps to reopen the British economy after weeks of being in the deep freeze. The heavily caveated plan has led the Prime Minister to “…believe we can be stronger and better than ever before. More resilient, more innovative, more economically dynamic…” Read more: London needs its hospitality [...]
Budget 2021: As it happened March 3, 2021 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer delivers the government’s Budget later today – at 12.30pm. Please also visit our dedicated Budget 2021 Hub. Wrap-up of the main Budget announcements Here’s a wrap-up of the main announcements made by the chancellor in his spring Budget: [...]
City Moves for 30 October – Who’s switching jobs at Planet Smart City, Newton and Vectura October 30, 2019 Today’s City Moves includes Planet Smart City, Newton and Vectura Planet Smart City Affordable housing specialist Planet Smart City has appointed Cristiano Radaelli as its chief innovation officer. Radaelli will also take over as chief executive of Planet Idea, the firm’s global competence centre based in Italy. In the role he will work on developing [...]
Focus on Barnsbury: An elegant oasis between Islington and King’s Cross November 8, 2019 Barnsbury counts bustling King’s Cross and lively Upper Street among its neighbours. But if you were blindfolded and dropped in the middle of one of its streets you’d probably think you were in a sedate suburb rather than the heart of N1. Firstly, it is very quiet – so quiet that, in 2013, one of [...]
Young’s pub chain posts profit drop after poor weather November 14, 2019 Young’s pub chain blamed “poor and unpredictable weather” for a fall in profit in its latest half-year results today, but still raised its interim dividend to book its 23rd consecutive rise. Read more: Marston’s sells off 137 pubs for £45m in an attempt to slash debt The figures Profit before tax dropped 6.4 per cent [...]
Barratt Developments reassures investors over Brexit October 16, 2019 Britain’s biggest housebuilder Barratt Developments shrugged off concerns about political and economic uncertainty this morning as it reassured investors it could deal with the potential effects of Brexit. The FTSE 100 developer said it has a strong balance sheet and cash position to provide it with the resilience and flexibility to react to “potential changes [...]
Holiday homes: Limassol seeks new lease of life as a luxury property hotspot December 6, 2019 Cyprus has long been a favourite family holiday destination – sunny nearly all year round, moderately priced and famed for its homely Mediterranean cuisine and relaxed atmosphere. Glitzy St Tropez it is not, but that is all set to change as Limassol – located on Cyprus’ south coast – sets its sights on becoming Europe’s [...]