Amazon wants to bag 120,000 temporary workers for Christmas October 13, 2016 E-commerce giant Amazon is looking for more than 120,000 workers in the United States to tide it over during the busy Christmas period. Thousands of the temporary workers will be kept on beyond the holiday season, Amazon said. The announcement from Amazon comes shortly after it said it would be opening a new warehouse in [...]
British Airways chief executive Alex Cruz says it always will be “a premium airline” as he plots tech push to fight off competition December 6, 2017 The chief executive of British Airways said today the carrier “always will be a premium airline”, though added the airline remained unapologetic about cost-cutting in order to face off against rising competition. Speaking at the Aviation Club lunch, Alex Cruz said: “Let me make our position clear: we are, and always will be, a premium [...]
A sensible way to play the robotics megatrend March 21, 2018 In the next few decades, chief executives of major global corporations could all become redundant. They will be replaced by robots with highly-developed artificial intelligence, because machines are quicker, more rational and do not get bogged down with silly human emotions. That’s according to Jack Ma, the founder of Chinese internet behemoth Alibaba. Of course, [...]
Here’s how to make the most of investing in Apple, Amazon and major overseas players October 27, 2016 In a globalised world, equity investors need to think big if they want to buy the world’s best companies. “There is no UK equivalent to the likes of Amazon or Facebook. The UK’s own social networking pioneer, Friends Reunited, finally closed its web doors in February this year,” says Michelle McGrade, chief investment officer at [...]
Carwow backer Episode 1 revs up with new £60m venture capital fund as SyndicateRoom launches new EIS | City A.M. December 1, 2017 Episode 1, the software-focused venture capital firm, has launched a new £60m fund to seed UK entrepreneur-led companies. The Enterprise Capital Fund is 60 per cent larger that Episode 1’s first, and received investment from the likes of the British Business Bank and later-stage venture capital firm Draper Esprit. Simon Murdoch, former Amazon UK chief [...]
Carwow backer Episode 1 revs up with new £60m venture capital fund as SyndicateRoom launches new EIS | City A.M. December 1, 2017 Episode 1, the software-focused venture capital firm, has launched a new £60m fund to seed UK entrepreneur-led companies. The Enterprise Capital Fund is 60 per cent larger that Episode 1’s first, and received investment from the likes of the British Business Bank and later-stage venture capital firm Draper Esprit. Simon Murdoch, former Amazon UK chief [...]
The warning lights for the next economic crisis are starting to flash January 25, 2018 The global economic zeitgeist has shifted. A decade on from the financial crisis, the world economy can at last see over the hill and make out the features of the “Promised Land” called normalisation. There is a palpable sense that the world economy has crossed three important lines. First, that it is finally achieving synchronised [...]
Debehams share price: Short sellers pile in to bet against Debenhams ahead of Christmas shopping season November 7, 2017 The City appears to be pessimistic about Debenhams’ prospects this Christmas, with the amount of short-selling of the retailer’s stock rising to its highest level for more than four years. According to data from the Financial Conduct Authority, the amount of stock borrowed by hedge funds to bet against Debenhams’ fortunes has ramped up in [...]
Victoria Beckham’s fashion brand nabs £30m from Paul bakery chain backer Neo Investment Partners November 27, 2017 Victoria Beckham Limited (VBL), the luxury fashion brand founded by the former Spice Girl whose name it shares, has caught the eye of London-based Neo Investment Partners. The growth investor, which specialises in high-end brands, has ploughed £30m into VBL to allow the company to expand its digital and physical retail presence. Beckham’s fashion business [...]
DEBATE: Is there any point to Black Friday and Cyber Monday in Britain? November 27, 2017 Is there any point to Black Friday and Cyber Monday in Britain? Olga Kotusr, chief executive and founder of retail startup Mercaux, says YES. Black Friday has matured into a major event in the UK retail calendar. While some may be sceptical about it (and the new “Cyber Monday” craze that now follows it), for [...]