Wimbledon 2018: What Roger Federer’s $300m Uniqlo deal tells us about the state of tennis sponsorship July 8, 2018 On the eve of Wimbledon, men’s tennis news was again dominated by the same old names: Andy Murray’s late withdrawal, Novak Djokovic’s re-built serving action, Rafael Nadal’s lack of grass-court preparation and, of course, Roger Federer’s bumper new kit deal with Japanese brand Uniqlo. This is no surprise to the casual fan, for the Big [...]
Zuckerberg overtakes Buffett as third-richest person after share price bump July 7, 2018 Facebook founder Mark Zuckerberg has leapfrogged legendary investor Warren Buffett to become the third-richest person on earth, according to Bloomberg’s Billionaires Index. Zuckerberg, 34, is now worth roughly $81.6bn (£61.4 bn) after shares in Facebook climbed 2.4 per cent yesterday, making him roughly $370m richer than the 87-year-old business magnate and chairman of Berkshire Hathaway. [...]
Half-science, half-mysticism, the world of biodynamic wine is weird and wonderful July 6, 2018 Crates filled with horns sit in a corner of a wine cellar in Tuscany. Outside, the summer air is stifling, but underground a chill draught snakes around the dozen or so giant barrels that line the corridor like great oaken sentinels. Amid all the winemaking paraphernalia, the piles of cow horns look incongruous, like an [...]
Amazon tops UK customer satisfaction rankings as Iceland becomes the UK’s top supermarket for the first time July 5, 2018 Amazon has been named the top company in the UK for customer satisfaction for the sixth consecutive year, while Iceland scored the number one spot in food retail for the first time. Amazon scored 86.7 out of a potential 100 points, followed closely by John Lewis which scored 86.5. Yorkshire Bank took joint third in [...]
This bull market has relied on technology shares July 4, 2018 This has been a long and unusually hesitant and worried bull market. Indeed, there have been a substantial number of sectors that have lived through their own bear markets whilst the overall indices push on to new highs. The US has outperformed the other advanced country equity markets and China easily over the twelve months, [...]
Amazon Prime Day July 2018: When does it start, how long does it last and what deals are on offer July 3, 2018 Amazon’s own version of Black Friday will be on 16 July, so here’s a roundup of everything you need to know before the shopping frenzy begins. What is Prime Day? Amazon Prime Day is a limited-time-only online shopping event, exclusive to those who are members of its premium subscription service Amazon Prime. This year will [...]
Revealed: June’s top and bottom performing funds July 2, 2018 June was dominated by trade war fears as Donald Trump said he would add further tariffs on Chinese and European goods should there be any retaliation to his initial tranche of measures. The prospect of mercantilist trade policies unnerved investors concerned about future growth. There are few, if any, real winners in a full-blown trade [...]
Tesco has formed a strategic alliance with French supermarket chain Carrefour to enhance competition July 2, 2018 Tesco and Carrefour are teaming up to beat the competition, in a strategic alliance announced this morning. A joint statement issued by the companies say the alliance will cover their relationships with global suppliers, its joint purchasing of all own-brand products, and any goods not for resale. The deal should force prices for own-brand products [...]
Last Week in the City: Amazon buys a pharmacy June 29, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (25 to 29 June 2018). The FTSE 100 traded little over the week, despite a rally in oil prices. There was more bad news from the retail sector after The John Lewis Partnership warned on profits [...]
Tesco Go: The UK supermarket chain is trialling an Amazon-style version of checkout-free shopping June 29, 2018 Tesco has said it is testing a way of paying for your shopping in-store without going through a checkout, using a smartphone app to scan items and pay online. The app is being tested in a Tesco Express near its headquarters in Welwyn Garden City, which is also one of the retail chain's cashless stores. [...]