Ryanair knocks Lufthansa off the top spot as Europe’s largest airline by passenger numbers January 10, 2017 Aiming to become the "Amazon of travel" may seem a lofty ambition for Ryanair, but the airline has reason to feel confident at the moment. It's just been confirmed that last year the airline was Europe's biggest airline by passenger numbers. It announced last week it carried 117m passengers for 2016 (up 15 per cent) [...]
SpaceX to boldly go where no private company has gone before: The Moon February 27, 2017 Serial entrepreneur Elon Musk will fly two people around the moon next year, boldly going where no private company has gone before. In an announcement late last night Musk said two unnamed private citizens had approached his company, SpaceX, and had paid a “significant deposit” to secure the mission. The announcement could start a new [...]
BT and Inmarsat shatter returns at hedge fund Lansdowne February 17, 2017 One of London's oldest and most highly-respected hedge funds was hit by the poor performance of shares in BT and Inmarsat in January, according to reports. Lansdowne Partners said the shocking performance of BT in the wake of a profit warning and a £530m accounting black hole in its Italian division, together with the floundering of [...]
Six things we learned from Warren Buffett after Berkshire Hathaway’s annual meeting: From AI and driverless cars to what happens if the sage of Omaha dies May 7, 2017 The sage of Omaha Warren Buffett took to the stage at the Berkshire Hathaway annual general meeting along with right hand man Charlie Munger. And the ever straight talking star investor did exactly that, discussing how he missed out on some of the biggest tech bets in recent years and what happens when he’s no [...]
One Dalton Street, a new tower of Four Seasons residences and a hotel, is spearheading a revival in Boston real estate June 27, 2017 Boston’s strong and it’s never been stronger. The historical, academic heart of the USA’s east coast is seeing its biggest boom in residential property since the 1920s. So far, 83 new housing projects are under construction in 19 out of its 23 neighbourhoods. But why now? For years, Boston has been an academic hub, with [...]
Britons set to spend £2bn this Black Friday November 25, 2016 Black Friday is set to be even more manic this year as Brits are set to spend £1.96bn on the country's biggest day of discounts. The figure is a 19 per cent increase on last year, and equates to a spend of £2.31m per minute, according to research from Voucher Codes and the Centre for [...]
John Lewis just announced its Black Friday deals on Samsung TVs, KitchenAids, DKNY perfume, casserole dishes and more November 24, 2016 It's only one more sleep until Black Friday and John Lewis just announced its biggest set of deals ever. Of course, some of us may not be sleeping before the deals start. The John Lewis sale goes live at midnight. Stores will open early (8am) for people willing to fight through the crowds to the electronics section. [...]
Holiday delivery failures threaten to have a big impact on UK retailers’ bottom lines and tarnish reputations December 21, 2016 Delivery failures over the Christmas period are set to impact UK retailers' bottom lines as they could be missing out on more than £3bn, new research today revealed. In the UK, 16m consumers faced delivery delays over the 2015 holiday season, and 73 per cent of them still refuse to shop with the offending retailer this [...]
Is South Korea still an investment ‘value trap’? June 23, 2017 ‘Value trap’ is a term used by investors to describe an asset that appears to have been under-priced by the market but turns out to be cheap for a reason. This is often because its ability to make profits has in some way been severely and permanently impaired. It tends to be used in relation [...]
Just a giant bust of Jeremy Clarkson being driven through London on a lorry… January 25, 2017 We knew Jeremy Clarkson had a big head, but now we have proof: enormous busts of Clarkson and his Grand Tour pals were spotted being transported around London on lorries today. Londoners tweeted pictures of huge stone heads of Clarkson, James May and Richard Hammond being ferried past sights including Trafalgar Square and Westminster Palace [...]