Exclusive: Apprentice star Lord Sugar says “Labour is dead”, Amazon should pay more in business rates and no one understands Brexit March 7, 2017 Apprentice star Lord Sugar has slammed Jeremy Corbyn for "destroying the Labour party". Speaking exclusively to City A.M., the billionaire entrepreneur said: "I think Jeremy Corbyn is totally useless and he’s destroyed the Labour party. It’s finished. It’s dead. They’ve got to find a new leader. "They need to kick him out but he’s so belligerent he [...]
Budget 2017 UK predictions: What you can expect from the chancellor’s Spring Budget March 7, 2017 It's that time of year again: the chancellor is getting set to dust off his little red box and deliver the Spring Budget. It's the last one we'll see at this time of year, as Philip Hammond decided to move the major announcements to an Autumn Statement schedule. It's likely to be a more staid [...]
Most entertainment is consumed online through access services and is not owned outright March 7, 2017 Britons now spend almost 80 per cent of their total expenditure on entertainment online and are increasingly consuming it via access services such as Spotify and mobile apps like Pokemon Go. Data from the Entertainment Retailers Association (ERA), which represents retailers and digital services offering music, video and games, shows that 27.6 per cent of [...]
Absolute rubbish: Waste entrepreneur Bruce Bratley on building his recyling empire March 6, 2017 Did you know that it takes 10 days to recycle a cardboard box, and for it to become a new cardboard box? When the material is too old to re-use in the same guise, it’ll become an egg box. Another recycling factoid: coffee grounds are recycled all over London and turned into biofuel. It’s easy [...]
No, YouTube.TV isn’t going to replace broadcast television. It’s New Coke March 6, 2017 I recently learned that in Scottish dialect the word “tube” is quite the insult – an idiot – and that when YouTube was first launched, many got the wrong end of the stick. “It’s on you tube!” could quite easily be interpreted as an invitation to fight. 12 years later and as far as established [...]
Turnaround plan looks set to pay off for Morrisons March 5, 2017 The turnaround at Morrisons supermarkets headed by CEO David Potts looks set to gather speed this week as the company reports its best annual results in six years. The chain is likely to report a 54 per cent rise in pre-tax earnings to £335m on Thursday, according to predictions by banking firm Jefferies. The firm [...]
Jeff Bezos is planning Amazon-like delivery to the Moon for “future human settlement” March 3, 2017 That Jeff Bezos vs Elon Musk rivalry can't just be contained to measly planet Earth. Not a week since Elon Musk announced his SpaceX company will be sending two private citizens to the moon next year, the Amazon boss has told The Washington Post, which is owned by Bezos, his plans to set up Amazon-style delivery [...]
Tuck in: UberEats is expanding to more areas in London March 2, 2017 Uber is expanding its food delivery service, UberEats, to more areas in London. Hungry West Londoners will now be able to order food from restaurants in the area straight to their door. After launching last summer serving zones 1 and 2 in central London, from today it will be available in Ealing, Wembley, Acton and Hounslow, south Richmond, Kingston [...]
Ultimate Products’ London IPO has been priced at £105m ahead of it joining the main market next week March 1, 2017 Ultimate Products' offer price has been set at 128p, which will equate to a market capitalisation of approximately £105.2m. The offer comprises 41,084,800 shares, representing 50 per cent of the company’s issued share capital on admission. Shore Capital is acting as sponsor, global co-ordinator and bookrunner to the Company, and Cenkos is acting as joint bookrunner. [...]
Consumer goods group Ultimate Products heads for a £100m-plus IPO in the next few days March 1, 2017 Ultimate Products, the innovative consumer goods group, is set for a £100m-plus IPO in London within days. It will list on the main market under the name of UP Global Sourcing Holdings. The IPO’s pricing could take place as early as today. The placing is understood to be substantially oversubscribed with investors taking part believed [...]