US markets follow Europe downwards as China announces retaliation tariffs May 13, 2019 US markets have followed their European counterparts sharply downwards after the bell, following China's announcement of retaliatory tariffs on $60bn worth of US goods in the latest development in the two countries' trade war. Read more: Global markets in tailspin after Trump threatens huge China tariff rise The US’s S&P 500 opened down 1.8 per cent [...]
Man Group ends sponsorship of Booker Prize after 18 years January 27, 2019 Britain’s most high profile literary award, the Man Booker Prize, has lost its headline sponsor after Man Group announced on Sunday that it will end its 18 year partnership with the event. Man Group – an asset manager – has sponsored the prize since 2002, contributing £1.6m a year. Read more: Waterstones acquires Foyles bookshops as [...]
Mothercare’s annual loss jumps to £87m, delayed annual results reveal May 24, 2019 Mothercare’s annual loss grew to £87.3m in the last financial year it said today in a delayed set of annual results. The struggling retailer was due to report its results yesterday, but pushed back its report to today because of the “complexity” of its finances, sending shares down 5.2 per cent. Sales fell 7.9 per cent to [...]
Alexa: Tell me why I can’t have a flying car like in Blade Runner January 4, 2019 Bad news: it’s 2019, and that means we are now living through the year in which the original Blade Runner film was set. Released in 1982, Blade Runner has some interesting ideas about 2019. Yes, it’s a post-apocalyptic dystopian hellscape where sentient bioengineered robots (“replicants”) must be hunted down against a backdrop of a dying [...]
Archbishop of Canterbury to lead effort to tackle £400m Wonga bill September 15, 2018 The archbishop of Canterbury Justin Welby is to lead an effort to pay for the £400m loan bill left by Wonga after the payday loan provider collapsed last month. The Guardian reported that Welby will meet investors and charitable foundations at Lambeth Palace next week to co-ordinate an effort to rescue around 200,000 customers who are faced [...]
Archbishop of Canterbury to lead effort to tackle £400m Wonga bill September 15, 2018 The archbishop of Canterbury Justin Welby is to lead an effort to pay for the £400m loan bill left by Wonga after the payday loan provider collapsed last month. The Guardian reported that Welby will meet investors and charitable foundations at Lambeth Palace next week to co-ordinate an effort to rescue around 200,000 customers who are faced [...]
Industrial and logistics take-up soars to record high in 2018 January 15, 2019 Fresh evidence of the UK’s industrial property boom was brought to light today, with new figures showing that take-up in the sector during 2018 hit a record high. Online retail giants such as Amazon have largely driven the rise in demand, as an increasing number of consumers turn to e-commerce for shopping. Total take-for big [...]
The future looks bright for university graduates May 21, 2019 This month, university students across the country are being tested on their chosen field of study. As if the exam season weren’t stressful enough, final-year students also have to deal with acute cases of so-called employability anxiety. This generation is already described as the “most anxious in history”, so adding extra stress makes for a [...]
Apple exec Angela Ahrendts bags $28m shares bonus October 7, 2018 One of Apple's retail bosses Angela Ahrendts made a whopping $28m (£21.m) last week through bonus shares thanks to the tech giant's stock price going through the roof. Ahrendts was given restricted stock units when she joined the company from Burberry in 2014, and has benefited hugely from Apple's share price nearly tripling since she was first hired. When she [...]
Meet Par Hedberg – the godfather of Sweden’s tech startups August 27, 2019 If you were asked where the most tech innovation comes from, you’d probably answer Silicon Valley – the home of Google, Amazon and Facebook. And you’d be right. But what you might not know is that Stockholm is a close second. The Swedish capital produces more billion-dollar companies per capita than any other region in [...]