Hailo taxi app unveils new features and teams up with futurologists October 23, 2014 Taxi app Hailo has teamed up with futurologists to give an insight into the future of cities as well as launching two new features. The new features are intended to help Hailo adapt to an increasingly competitive taxi market and avoid another inglorious exit from a major market. Pay Hailo lets the user connect to [...]
Tesco share price falls again: Chairman Sir Richard Broadbent steps down as profit overstatement is bigger than thought October 23, 2014 Shares in Tesco closed down 6.6 per cent in early afternoon trading, after the supermarket posted first-half results showing statutory profit before tax, which includes one-off items, collapsed by 91.9 per cent to £122m in the 26 weeks ended 23 August 2014. Sir Richard Broadbent, Tesco's chairman, announced he will step down, while the embattled [...]
Luke Johnson steps down from Metro Bank board October 23, 2014 Serial entrepreneur Luke Johnson has resigned his position as a non-executive of Metro Bank. Johnson told Sky News that the time commitments now required for the role were becoming too great for him to maintain his position at Britain's first new high street bank for over 100 years. He joined Metro Bank in 2011. Johnson made [...]
Ukip tipped to win Rochester and Strood by-election with massive poll lead October 23, 2014 The Conservative party's Ukip woes continue, with a new ComRes survey showing Nigel Farage's eurosceptic party is set to win the Rochester by-election triggered by the defection of Tory MP Mark Reckless. The survey showed Ukip on 43 per cent with the Tories trailing on 30 per cent and Labour on a dismal 21 per [...]
The Silk Road black market in drugs prevented violence and was a “transformative” criminal innovation October 22, 2014 The deep web black marketplace Silk Road, which was shut down last year, prevented violence associated with the illegal drug trade and represented a breakthrough in criminal innovation. So concludes a new study by researchers at the University of Manchester and the University of Montreal. Dubbed the "eBay" of drugs, the site was not, as [...]
Uber taxi app heads to Leeds as Unite union cabbies protest October 22, 2014 Uber is set to make its presence felt in the North of England with a planned launch in Leeds: the taxi app has filed an application with Leeds City Council to become a private hire operator. But even before the company had the opportunity to make its mark on Leeds transportation, a group of demonstrators [...]
Home Retail Group share price falls as it announces plans to close a quarter of stores by 2018 October 22, 2014 Shares in the owner of DIY retailer Homebase fell 3.8 percent in early trading this morning, after it announced plans to close 25 per cent of its 323 stores by 2018. Home Retail Group, which also owns Argos, said the current estate was too big relative the demands of the UK market and out of [...]
British American Tobacco share price slides as revenues go up in smoke October 22, 2014 British American Tobacco (BAT) is one the biggest fallers on the FTSE 100 this morning dipping by 4.5 per cent. Revenues at BAT fell by 9.6 per cent at current rates of exchange in the nine months ended 30 September. However, using constant rates of exchange revenue grew 2.4 per cent. The tobacco giant suffered [...]
Government launches poster campaign to crack down on benefit fraud October 21, 2014 Benefit fraud is to be the target of the government's latest ad campaign with posters to be extended across almost 50 towns and cities. The Department for Work and Pensions (DWP) wants claimants who have a change of circumstances to report it, so they don't fall foul of the rules. Over the course of the [...]
Russia escalates tensions with expansion of EU food import ban October 21, 2014 Russia is ramping up its tit-for-tat trade war with the EU through an extension of the food import ban to include animal fats and offal. Russia's food safety watchdog Rosselkhoznadzor said the ban will come into effect today and applies to cattle and pig by-products, meat offal, cattle fat, pork fat (including lard) and bird [...]