Apple becomes first US company to reach $2 trillion valuation August 19, 2020 Apple has become Wall Street’s first $2 trillion company, doubling its valuation in just over two years. As shares hit $457.77 in morning trading, the tech giant became the first Wall Street company to achieve the $2 trillion market cap in public markets. It is the second in the world to do so. The day [...]
Selfridges to cut 450 jobs due to coronavirus pandemic July 28, 2020 Luxury department store Selfridges announced this morning it will make around 450 people redundant as the coronavirus crisis claims more UK high street jobs. The retailer said it will reduce its overall headcount by 14 per cent as sales this year are forecast to be “significantly less” than 2019. The retailer will focus on strengthening [...]
Oak Furnitureland to cut 160 jobs amid store closures July 27, 2020 Oak Furnitureland is preparing to permanently close 27 showrooms, putting 163 employees at risk of redundancy in the latest blow for the UK retail industry. The furniture retailer, which was bought by investment firm Davidson Kempner Capital Management last month, said adverse trading conditions after the coronavirus lockdown had forced it to close stores. All [...]
Bentley Continental GT Speed review: supercar in a Savile Row suit July 3, 2021 The Bentley Continental GT has been given newfound focus for 2021. We take the GT Speed to Silverstone for a suitably sideways first drive.
Republican civil war looms as Trump stance splits party November 6, 2020 With Democratic candidate Joe Biden closing in on a 2020 election victory, senior figures in the Republican party are split on whether to back Trump as he pedals baseless claims about election fraud. In the last 24 hours Donald Trump has spread falsehoods about the legitimacy of the 2020 election, having claimed mass election fraud [...]
More retail job losses forecast unless office workers return, industry warns September 4, 2020 More store closures and retail job losses are expected unless office workers return and consumers are encouraged to visit city centres, a retail industry body warned this morning. Despite an uptick in footfall in the final week of the month due to back to school shopping and the final days of the Eat Out to [...]
Mike Ashley’s firm should pay its debts to pensioners and taxpayers before it tries to buy Debenhams December 8, 2020 We are living in extraordinary times. At all levels of society people are being asked to make sacrifices — and this includes businesses. This week, news broke that Mike Ashley’s Frasers Group is making a last-minute bid to purchase Debenhams. His company — of Sports Direct fame — has been thriving throughout the crisis, and [...]
Apple overtakes value of entire FTSE 100 September 1, 2020 US tech titan Apple today overtook the entire market capitalisation of the UK’s FTSE 100 companies. The iPhone maker’s market capitalisation topped $2.2 trillion (£1.6 trillion) today, overhauling the combined value of the UK’s blue chip index. Apple’s share price has leaped 75 per cent this year and last month the company became the first [...]
Porsche Taycan Turbo review: fast-forward to the electric future January 5, 2021 The warp-speed Porsche Taycan Turbo isn’t the best electric car on paper. But, says Tim Pitt, it is on the road.
Could Ethereum overtake Bitcoin as the world’s leading cryptocurrency? April 23, 2021 Ethereum has the potential to be bigger than Bitcoin and become the dominant crypto asset, according to a renowned market analyst.