FTSE ends day with slump as Wall Street’s Nasdaq plunges nearly three per cent May 4, 2021 The FTSE 100 slipped back below the 7,000 point mark by the market close, despite a strong start to the week’s trading after the Bank Holiday weekend. The blue-chip FTSE 100 index fell 0.67 per cent by the end of the day, with banking stocks, including HSBC Holdings, Barclays and Standard Chartered posing the biggest drag on [...]
UK supermarkets bring in security to enforce mask wearing as Covid cases rise January 12, 2021 Supermarkets are ramping up Covid safety measures, with many of the major UK grocers planning to make masks mandatory and to only allow one person per household in store. Tesco, Waitrose and Asda have joined Sainsbury’s and Morrisons in announcing that customers without masks will be turned away, unless they are exempt for medical reasons. [...]
Ocado set to cut 400 jobs as it looks to rebuild Andover warehouse after fire May 17, 2019 Ocado has said it will slash as many as 400 jobs after a huge fire destroyed its distribution centre in Andover. The delivery firm’s flagship automated warehouse in Hampshire was razed to the ground in February after a three-day inferno. Read more: Waitrose outlines £1bn online shopping plan Ocado initially tried to find a suitable [...]
Consumer survey sees Netflix on top of Covid-19 satisfaction rankings – with Ryanair grounded October 7, 2020 A consumer ranking of how businesses performed for their customers during the Covid-19 pandemic has seen Netflix and Amazon take first and second spot. At the other end of the scale, power companies were seen to be thoroughly underperforming – with more of the bottom five responsible for gas and electricity. Read more: The businesses [...]
London stocks end the week lower despite strong economic data April 23, 2021 London’s blue-chip stocks were little changed on Friday but finished the week lower as growing concerns over a surge in global coronavirus cases eclipsed optimism from recent data pointing to a rapid UK economic rebound. The exporter-heavy index ended the session flat, with a fall in heavyweight energy shares and large dollar earning companies including [...]
US senate votes to subpoena tech bosses to testify October 1, 2020 US tech bosses will be hauled in front of congress after a senate committee voted to compel them to testify. Facebook chief executive Mark Zuckerberg, Google chief executive Sundar Pichai and Twitter chief executive Jack Dorsey will be questioned on reforming Section 230 of the Communications Decency Act. The act shields social media firms from [...]
FTSE 100 pushes above 7,000 for first time since Covid crash as Wall Street hits new records April 16, 2021 London’s FTSE 100 rose above the 7,000-mark today for the first time since Covid pummelled financial markets last year. Across the Atlantic, Wall Street again hit new record highs on the back of a bumper set of earnigns from America’s banking giants. Speedy vaccine rollouts and government policy support has lifted investor confidence about a [...]
Journalist sues Facebook over loss of control of personal data February 9, 2021 A claim has been filed against Facebook in the High Court of Justice regarding a loss of control over his and the personal data of around one million other affected Facebook users in England and Wales. The claim, brought about by journalist and writer Peter Jukes, is a consumer representative action brought on behalf of [...]
Will rapid delivery apps maintain post-pandemic momentum? June 12, 2021 Since the pandemic began, a slurry of quick delivery apps have emerged with the same promise to deliver food within 30 minutes, while the pandemic made supermarkets an even more costly chore. The pandemic pushed the pedal on rapid delivery apps like Weezy, Dija, Getir and Gorillas – a sector where a huge amount of [...]
High-profile tech founders back $111m London startup fund November 30, 2020 A string of big-name tech founders including former Google boss Eric Schmidt are backing a new fund to invest in startups in the US and across Europe. London-based Firstminute Capital today unveiled a $111m (£83m) venture capital fund after securing support from some of the world’s top tech executives. More than 70 founders of billion-dollar [...]