Investors eye strong earnings at Morrisons September 11, 2016 Supermarket chain Morrisons is expected to deliver its best half yearly performance in four years this week. The chain, which is in the middle of a back-to-basics turnaround, has been slashing prices and doing deals with competitors to try and tempt customers through its doors. Analysts are expecting like-for-like sales growth of 0.7 per cent [...]
Corporations are “fighting the wrong battle” on tax avoidance, according to Eurozone finance chief Jeroen Dijsselbloem September 11, 2016 The head of Eurozone finance ministers has warned multinational corporations to pay their share of tax, less than two weeks after Apple was handed a €13bn bill by EU authorities. The European Competition Commission ruled that the tech giant had been handed a “sweetheart” deal amounting to state aid by the Irish government. And now, head [...]
The tie-up between Morrisons and Amazon is growing closer September 11, 2016 Morrisons has ramped up its ties with Amazon unveiling plans to add the online retail giant's lockers to its supermarkets across the country. Hundreds of Amazon lockers used for click and collect deliveries will be introduced this year, letting customer pick up items at their convenience rather than having to be at home for a delivery. Read more: Now Amazon's getting into [...]
Nearly three per cent of UK workers have reported they are now on a zero-hours contract September 8, 2016 Almost three per cent of the UK's workforce has reported being employed on a zero-hours contract basis in their main job, according to new figures. Data released today by the Office for National Statistics (ONS) showed the number of people on zero-hours contracts, which do not guarantee staff a certain number of hours' work, rose by [...]
Now Amazon’s getting into restaurant food delivery in London September 7, 2016 Amazon is the latest company looking to grab a slice of London's restaurant delivery market, rivalling homegrown Deliveroo and UberEats, with the launch of its own service in the capital. Customers will be able to order from more than 100 eateries such as Strada and Pod for delivery within the hour via Amazon's Prime service in [...]
Supermarket chic: Sainsbury’s to launch new premium fashion brand September 2, 2016 Hobbs, LK Bennett and Whistles could be feeling nervous this weekend – as Sainsbury's prepares to launch its new range of women's clothing early next week. The supermarket group named those three high-end brands in particular as it threw down the gauntlet in the battle to win more customers with its new collection. "The quality and styling [...]
Campbell’s shares slump in the pre-market after “disappointing” results September 1, 2016 Consumer demand for fresher produce is putting the squeeze on the world's largest maker of soup, Campbell's. The soup brand has posted a net loss attributable to the company of $81m (£61m), or 26 cents per share, compared with a profit of $17m a year earlier. Net sales dipped 0.35 per cent to $1.69bn in the fourth quarter ended [...]
Kobo Aura One review: A super-sized ebook reader that will survive a dunk in the tub September 1, 2016 What’s the most expensive thing you’ve ever dropped in the bathtub? For me it is the ancient loofah I found in a tomb, for you it may be a jewel-encrusted rubber duck, for most it will be their mobile phone, but for some unlucky few it will be their ebook reader. The original Kobo Aura [...]
What does the future hold for mutant equity crowdfunding? September 1, 2016 For the first time since the industry emerged in 2011, according to Beauhurst data, the number of successful equity crowdfunding campaigns fell in the first half of this year. It is therefore an appropriate moment to reassess what the sector’s future may look like. Equity crowdfunding platforms have a simple business model: they enable companies to raise [...]
Virgin Media to offer faster broadband for gamers August 31, 2016 Virgin Media is taking a niche approach to growing its broadband subscription base. From tomorrow the internet service provider will offer customers the UK’s first broadband tier designed specifically for online gamers. The extra upload speed – up to 20Mbps – will be an add-on to Virgin Media’s current top broadband package and cost £5 per month. Gamers are increasingly choosing to [...]