Britain needs a smart state, not big government, to lead the Fourth Industrial Revolution March 20, 2017 In her first party conference speech as Prime Minister, Theresa May declared it was “time to remember the good that government can do”. Setting out a new approach to the role of the state, she rightly acknowledged that Whitehall doesn’t have all the answers but should instead be a proactive “force for good”. That’s certainly the right [...]
Amazon to create thousands more jobs in Europe and UK in fulfillment, R&D and software development January 22, 2016 Amazon is going on a major hiring spree as the etailer ramps up its operation across Europe and the UK. The retailer said many of the new jobs – of which 2,500 will be in the UK – will help expand its European fulfilment network, as well as focusing on EU-based research and development. The new roles [...]
Ryanair boss Michael O’Leary: Voters were “lied to” by Brexit campaigners over staying in the Single Market January 8, 2017 Michael O'Leary hasn't shied away from criticism of Brexit, and has warned the impact on the airline industry could be substantial. He said people were promised they could leave the EU and stay in the Single Market. "It's now absolutely clear that they were lied to by the exiters. That offer is not on the [...]
Christmas with JPMorgan: the bank picks books, sites and music for the holiday season December 16, 2016 There's still time to get a last minute gift for the banker in your life! JPMorgan's annual holiday reading list has been given an upgrade for 2016, and to mark the 10-year anniversary of the reading list, the US bank added on a few cultural and musical recommendations. The bank is actually calling the list #nextlist2017, and [...]
As Tesco shares jump after it reported another rise in sales, is the retailer out of the woods? October 5, 2016 Clive Black, head of research at Shore Capital, says Yes. If you go down to the woods today… well, you won’t find Tesco chief executive Dave Lewis. Two years on from a troubled and tortuous analyst meeting, with the business on its knees, the Tesco boss is reporting that the remedial measures introduced to guide the [...]
Picks of the day: The three stories to read today September 14, 2016 We’re officially halfway through the working week – to celebrate, we’ve put together the top three stories of the day in bite-sized form, just to make your life that bit easier. Time for a coffee break? Check out our three at three. Uber has finally gone driverless In case you’re totally over the fact that [...]
Amazon pulls hoverboards from sale over safety fears December 14, 2015 Amazon has reportedly pulled hoverboards from sale on its site, over safety concerns. The online retailer has asked sellers of the gadget to prove they conform with safety standards in a bid to weed out fakes which could be dangerous, the Verge reported. A search on Amazon UK shows there are none for sale, only accessories. Amazon had not responded [...]
Ryanair wants to undercut package holiday market with launch of Ryanair Holidays December 1, 2016 Watch out Thomas Cook? Ryanair has launched a package holiday service, called, you guessed it: "Ryanair Holidays". This forms part of its master plan to become the "Amazon of air travel", according to the company. It is offering its 119m customers flights, accommodation and transfer packages, partnering with Spain-based tour operator Logitravel and accommodation provider World2Meet. [...]
Amazon share price dives as retailer unveils 22 per cent revenue growth and profit misses the mark January 28, 2016 Amazon shares tumbled more than 12 per cent in after hours trading as the company missed profit expectations, despite reporting income had more than doubled year-on-year in the final quarter of 2015 to $482m (£336m) from $214m, or $1.00 per share from $0.45. However, this was significantly wide of analysts' expectations of $1.56 per share. The firm also [...]
Fintech: three truths and two myths April 7, 2017 Neal Cross is the chief innovation officer of DBS, Singapore’s largest bank. His role affords him a unique perspective on many issues in fintech. We had a fascinating conversation on the subject. Below are some of the thoughts he shared with me. Myth 1: Fintech start-ups are at war with banks. Neal Cross: I think [...]