The European Union is “an engine for job destruction” say Brexit campaigners Boris Johnson and Michael Gove June 5, 2016 Former London mayor Boris Johnson and justice secretary Michael Gove have hit out at the European Union's effects on business, while accusing the government of misleading the public on the economy. In a 2,000 word letter to Prime Minister David Cameron, which is also signed by Labour's Gisela Stuart, the Leave campaigners played down business [...]
Mark Zuckerberg added $4bn to his fortune thanks to Facebook earnings sending stock soaring April 28, 2016 Facebook founder and chief executive Mark Zuckerberg has increased his wealth by a healthy $4.7bn (£3.2bn), despite taking home just a $1 salary. The social network's latest earnings pleased investors, sending stock soaring nearly 10 per cent and helping Zuckerberg add billions to his wealth. The additional cash in the bank (well, shares) helped the [...]
Retailer Amazon paid just £11.9mn in tax in 2014 June 25, 2015 The online retailing goliath Amazon’s UK business paid just £11.9mn in tax last year, despite earning £5.3bn in sales from British shoppers. Amazon’s Luxembourg arm, called Amazon EU Sarl, took in the £5.3bn of sales, with UK sales rising by 14 per cent in 2014. However, the British-based Amazon.co.uk Limited subsidiary recorded a profit of [...]
Retailer Amazon paid just £11.9mn in tax in 2014 June 25, 2015 The online retailing goliath Amazon’s UK business paid just £11.9mn in tax last year, despite earning £5.3bn in sales from British shoppers. Amazon’s Luxembourg arm, called Amazon EU Sarl, took in the £5.3bn of sales, with UK sales rising by 14 per cent in 2014. However, the British-based Amazon.co.uk Limited subsidiary recorded a profit of [...]
Etsy’s share price surges after reporting strong revenue growth despite an earnings loss February 23, 2016 Quirky online marketplace Etsy reported revenue just over expectations, as it announced the number of its active buyers and sellers has surged. Etsy's share price jumped over 17 per cent in after-hours trading on the news, but had closed seven per cent lower ahead of the results. Revenue for the fourth quarter was reported at $87.9m (£62.7m), [...]
Putting the super back into the supermarkets: What the Co-op rebrand tells us about the current state of the sector June 1, 2016 The unveiling of the Co-op rebrand last week was the latest sign of a major shift in the supermarket arena. The brand’s decision to revert back to its origins, resurrecting – albeit also modernising – its 1968 logo, was a clear attempt to spark an emotional connection with an audience for whom loyalty is meaning [...]
Seven reasons why it’s the perfect time to ditch the office job and become an artist August 25, 2016 Right now, it's the perfect time to leave behind the day job and pursue a more creative path. The online art market is growing at an unprecedented rate. From sales of Old Masters to poster art, the art sector is moving online with a vengeance. According to a leading trade report for 2016, global online art [...]
Google, Facebook and Twitter blasted over failure to tackle online extremism August 25, 2016 The world's biggest tech companies have been blasted by MPs for failing to do enough to tackle extremism which appears in videos and messages posted online. Google, Facebook and Twitter have have been accused of "consciously failing" to tackle the incitement of extremism, despite multi-million pound profits, by a group of MPs on the home affairs select [...]
Pinkster gin the tipple of choice for crowdfunders at Growthdeck May 20, 2016 Premium gin brand Pinkster has ridden high on the "gin-aissance" sweeping the UK and smashed through an equity fundraising target of £600,000 in six weeks. Pinkster, a fast-growing, Cambridge-based gin produced with fresh raspberries, raised £758,000 in 47 days since it placed its listing on the relatively new crowdfundraising platform Growthdeck on 31 March. Unlike most crowdfunding platforms, Growthdeck does [...]
Aldi, Ocado, Morrisons, Tesco and Sainsbury’s are all making moves to win market share, but Asda’s next step is unclear March 9, 2016 The latest supermarket sales data has painted a slightly less gloomy picture than has become customary for Britain's big four grocers, hinting that the billions poured into lowering prices and luring back customers might finally be paying off. Despite a brutal price war that has savaged Tesco, Asda, Sainsbury’s and Morrisons, data from Kantar has shown [...]