UK’s WANdisco buys out Silicon Valley company November 19, 2012 SHEFFIELD-BORN software company WANdisco yesterday announced it had bought out Silicon Valley data firm AltoStor, as the recently-listed UK outfit makes an aggressive move into the lucrative and fast-growing “Big Data” market. “It’s a real coup for the business,” chief executive David Richards told City A.M., revealing that WANdisco beat “a much bigger, established Silicon [...]
Who says fitness isn’t fun? Bounce yourself slim with these exo-stilts November 5, 2012 Mustering THE motivation to get out for a run during the winter months can be tough. Running through rain, sleet and sub-zero temperatures just isn’t any fun, no matter how hard you try to convince yourself otherwise. Enter the Kangaroo Jumps: the more-than-faintly-ridiculous keep-fit method that is slowly carving out a niche in London. Keep [...]
Who says fitness isn’t fun? Bounce yourself slim with these exo-stilts November 5, 2012 Mustering THE motivation to get out for a run during the winter months can be tough. Running through rain, sleet and sub-zero temperatures just isn’t any fun, no matter how hard you try to convince yourself otherwise. Enter the Kangaroo Jumps: the more-than-faintly-ridiculous keep-fit method that is slowly carving out a niche in London. Keep [...]
The company tax debate must focus on realistic reform December 3, 2012 THE Public Account Committee’s (PAC) ongoing criticism of large multinationals for their corporation tax payments is an ill-considered departure from a more sensible debate. Multinational companies, like Starbucks and Google, are by definition different to domestic businesses (like John Lewis or Morrisons). This is especially true of internet retailers like Amazon. Under the current law, [...]
HMRC taken to European court over ebook VAT October 28, 2012 THE GOVERNMENT may be forced to scrap VAT on ebooks if a legal challenge from a London law firm is successful. Berwin Leighton Paisner (BLP), acting on behalf of an unnamed client, is challenging HM Revenue and Customs (HMRC) over its decision to charge the standard 20 per cent rate of VAT on ebooks while [...]
Apple paid less than 2pc tax on overseas profit November 4, 2012 APPLE paid less than two per cent tax on profits outside the US, its regulatory filings have shown. The technology giant paid $713m (£445m) in overseas corporation tax in the year to 29 September – as its foreign pre-tax earnings rose to $36.8bn (£23bn) from $24bn in 2011. The percentage of foreign tax Apple paid [...]
Apple paid less than 2pc tax on overseas profit November 4, 2012 APPLE paid less than two per cent tax on profits outside the US, its regulatory filings have shown. The technology giant paid $713m (£445m) in overseas corporation tax in the year to 29 September – as its foreign pre-tax earnings rose to $36.8bn (£23bn) from $24bn in 2011. The percentage of foreign tax Apple paid [...]
Kobo battles for market share with tablet and e-reader launch September 6, 2012 KOBO is launching a new tablet device and a more compact e-reader as it seeks to expand its market share and battle with Apple and Amazon.com in the ultra-competitive mobile device marketplace. Toronto-based Kobo, owned by Rakuten, Japan’s top e-commerce operator, will launch the new devices in the next two months, as Amazon – the [...]
Online retailers prepare for busiest day ever December 2, 2012 HIGH street shops and online retailers will face one of their fiercest battles yet for customers this Christmas, with today set to mark the busiest internet shopping day of the year. UK online sales will peak today – dubbed Mega Monday by City analysts – with Visa Europe expecting 6.8m transactions worth £320m to be [...]
Fund to book gains on deal with Amazon February 15, 2012 INVESTMENT fund manager Tritax is trying to shake off the industry gloom with the launch of an innovative property venture after securing a long-term rental deal with Amazon. The £47.2m investment is in a 1m sq ft purpose-built distribution warehouse near Dunfermline, north of Edinburgh, which has been let for 20 years to Amazon, the [...]