Holiday shoppers are undeterred by the referendum result, but they choose deals over brand loyalty November 20, 2016 Black Friday sales are cropping up all around the UK, but while holiday shopping is set to be strong this year, the major discounting event might not be as profitable for retailers as what comes next. Nearly 40 per cent of shoppers are waiting for the best discounts to come after Christmas and New Year, [...]
Debenhams’ boss in the spotlight over pension fund woes October 23, 2016 The new chief of Debenhams, Sergio Bucher, will be under the microscope for the first time this week when the company announces its full year results. Bucher joined the department store from Amazon, where he was vice president, and is under pressure to solve the question of Debenhams' growing pension scheme deficit. Analysts at Morgan [...]
Best place to stay in Chamonix: Amazon Creek has it all from hot-tubs to a dedicated chef March 7, 2016 The hot tub outside my huge Chamonix chalet has disco lights that make it look like a b-movie time machine. I’ve got a flute of Bollinger in my hand, and can hear the crackle of a log fire from indoors as I gaze through the steam across snowy peaks. This, I venture, is how one [...]
The language of love sweet-talks the City February 7, 2017 Parisians are often stereotyped as being a little rude. While this may ring true with anyone who has ever tried to catch a waiter’s eye in one of the city’s restaurants, yesterday it was all charm and warmth as a delegation from the French capital set out their stall to City execs. Paris joins the [...]
Ocado share price jumps on Amazon tie-up rumours January 19, 2016 Ocado shares jumped more than 18 per cent in early trading following reports of a tie-up with potential rival Amazon. The online grocery delivery company faces new competition from Amazon, which is expected to soon launch its own fully-fledged delivery service for fresh food. Amazon may now partner with the already well-established Ocado to fulfil those plans, according to the [...]
Tech workers are twice as productive for the UK economy, Tech Nation 2017 report finds March 22, 2017 Those working in the booming digital technology sector are boosting the UK’s economic productivity more than twice as much as other workers, fresh research reveals. Tech industry workers’ contribution to the economy is put at £103,000 per year in terms of Gross Value Added (GVA) compared to the £50,000 contribution of non-digital workers, Tech City [...]
Tech unicorn Deliveroo is planning to create hundreds of new jobs January 18, 2017 UK tech unicorn Deliveroo is planning to create hundreds of new jobs in London as it grows its business globally. The food delivery company will create more than 300 new positions, many of which it said will be in highly-skilled senior technical roles in areas such as software and hardware engineering, behavioural economics and algorithm development. The additions [...]
Amazon shares rise in after hours trading as it unveils $5bn stock buyback February 10, 2016 Shares in US online retail giant Amazon spiked, before settling 1.4 per cent higher in after-hours trading, after it unveiled plans to buy back $5bn (£3.4bn) of shares. The company said will buy back shares "opportunistically from time to time when it believes that doing so would enhance long-term shareholder value", it said in a [...]
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. [...]
Ryanair passenger numbers soar again January 4, 2017 It seems Ryanair is about to have a good day: the airline has said passenger numbers soared 20 per cent in December, as passengers went berserk for lower fares. In an update this morning, Ryanair said it flew 9m customers last month, bringing its total for 2016 up to 117m, 15 per cent higher than the [...]