E-commerce demand helps boost rent for logistics warehouse giant Segro October 17, 2018 Warehouse property giant Segro’s rental income soared 43 per cent in the nine months to the end of September, amid burgeoning demand for new space from fast-growing e-commerce firms. The Slough-based FTSE 100 company, which is one of the UK’s largest listed property firms, said headline rent for the period hit £52m, rising from £36.4m [...]
Hooked on a book, podcast or TV show? Here’s how the story changes you March 21, 2019 Every holiday season, you have new worlds at your fingertips. Reading books, listening to podcasts, and watching films and TV shows can help you break away from the frenzy of everyday life, and journey into other possible worlds. As with any kind of travel, the journey affects you. The degree to which you become engaged [...]
Apple analysts have let us down yet again January 8, 2019 Apple analysts, huh, what are they good for? Absolutely nothing. Say it again… Yep, that’s right, I just butchered one of the most powerful lyrics of the past 50 years. Lyrics immortalised by Edwin Starr in the 1970 Vietnam protest song, but for me it kind of grabs your attention and makes the point rather [...]
Revealed: The 10 fintech startups in Barclays’ 2019 Techstars accelerator February 1, 2019 It's that time of year again: Barclays has unveiled the 10 startups that have made the cut for its annual fintech accelerator programme, powered by venture capital giant Techstars. Now in its sixth year, the 13-week programme puts the young companies through an intensive training course with access to mentorship from Barclays and industry experts, and [...]
Sears caves to bankruptcy as widespread store closures loom October 15, 2018 It was once the world’s largest retailer. Now, US department store chain Sears has filed for bankruptcy, losing a fight for survival in a fresh sign of the tough retail conditions hitting high street giants. The 125-year-old company said this morning that it plans to close 142 of its 500 stores, having just recently closed [...]
Computacenter shares crash 20 per cent as it loses out on IT infrastructure sales October 31, 2018 Computacenter shares plummeted almost 20 per cent in early morning trading after it told investors that revenue has fallen three per cent in the face of “significantly more challenging” conditions. The FTSE 250 IT firm warned that third quarter revenues have fallen to £900m from £931m in the same period in 2017, while UK revenues [...]
Chinese online retail tycoon released after US sexual conduct charge September 2, 2018 The billionaire leader of a Chinese web retail giant was arrested in the US on Friday on a charge of criminal sexual conduct, before being released a day later. Richard Liu, the founder of JD.com – one of China’s biggest online retailers, and a major rival to web behemoth Alibaba – was taken into custody [...]
Chinese tech giant Alibaba makes $1.43bn investment in digital advertising firm Focus Media | City A.M. July 19, 2018 Chinese tech group Alibaba has snapped up a minority stake in digital advertising firm Focus Media in a deal worth $1.43bn (£1.1bn). In a statement, the company said it would buy a 6.62 per cent in the firm, and could increase its stake by five per cent in the next year. Alibaba will also invest [...]
Alibaba’s record-breaking Singles Day sales hit $10bn in first hour November 11, 2018 Online retail giant Alibaba today smashed records for the largest shopping day on the planet, making sales of over $1bn (£770.5m) in just 85 seconds. The sales came during Singles Day, the world’s largest online retail festival. Alibaba’s total sales hit $10bn after one hour and had reached over $24bn after 16 hours. The festival's sales eclipse the estimated [...]
Amazon CEO Jeff Bezos just became the richest man in the world (again) after its share price jumped October 27, 2017 Jess Bezos has become the richest man in the world after Amazon shares shot up more than 10 per cent, taking them well past the $1,000 mark. It is the second time this year that Bezos has overtaken Bill Gates as the richest man in the world, briefly knocking him off the top spot back [...]