Alibaba moves London tech headquarters to Canary Wharf Chinese e-commerce giant Alibaba has moved its London headquarters from Mayfair to Canary Wharf as the Docklands continues to develop as a rival tech hub to Old Street. Alibaba, which raised a record $25bn (£15.9bn) when it went public in September, is now based on Level 28 of the iconic One Canada Square, just below [...]
BT set to unveil result of mobile takeover talks BT IS expected today to reveal the outcome of takeover talks with O2 and EE, as it looks to buy one of the mobile groups for around £10bn. A deal, which would be funded by a mixture of BT stock and cash, is part of the firm’s strategy to move into so-called quad play by [...]
Lidl and Aldi see spending growth soar over 30pc Discount supermarkets, such as of Lidl and Aldi, are on track to be the clear winners in the lead up to Christmas with year-to-date spend growth of 31 per cent. Meanwhile, their mainstream rivals, including the big four of Tesco, Asda, Sainsbury’s and Morrison’s, have seen spending fall 4.1 per cent in the same period, [...]
Weather bomb takes its toll on retail in the run up to Christmas December 14, 2014 Snow and rain across the north of Britain last week, the so-called weather bomb, took its toll on retail footfall as the number of shoppers heading to stores fell by 2.2 per cent. Retail parks shrugged off most of the drop with footfall rising 1.6 per cent during the week ending 13 December, but the [...]
This trailblazer for P2P lenders mustn’t burn out – Bottom Line December 11, 2014 LENDING Club’s chief executive Renaud Laplanche has good reason to be upbeat today. Not only has his personal fortune soared to over $350m on paper, due to his 4.1 per cent share holdings of the world’s largest peer-to-peer (P2P) lender, but yesterday’s hugely successful float of the firm will likely be seen as a trailblazer [...]
Brits spend £2,000 on online goods December 11, 2014 PEOPLE in the UK spend an average of £1,968 online on goods from the likes of Amazon, Tesco and Asos every year, far more than people in the US, France or South Korea. Australia followed in second place with an average spend of £1,356 and the US came in third with an average spend of [...]
Evolution founder Griffiths ups his stake in Cupid December 11, 2014 THE FORMER chairman and founder of investment bank Evolution Securities, Richard Griffiths, yesterday became the third largest shareholder of Cupid, the former dating website operator which will soon be renamed Castle Street Investments. Griffiths, who founded Evolution in 2000 and later set up boutique investment firm ORA Capital Partners in 2005, increased his holdings in [...]
Google to shut down its news service in Spain December 11, 2014 SEARCH giant Google is planning to shut down its news-linking service in Spain as new laws come in allowing publishers to force websites to pay for re-publishing headlines or snippets of news. Google said yesterday that the new law made its news service unsustainable in Spain and therefore it would remove Spanish publishers from Google [...]
Comparethemarket in talks to launch 2-for-1 cinema offer as EE’s Orange Wednesday deal expires December 11, 2014 Price comparison website Comparethemarket.com is in talks with the cinema industry to launch a 2-for-1 ticket promotion for its customers next year, following the news yesterday that EE will end its decade-long Orange Wednesdays offer. EE said it would stop Orange Wednesdays at the end of February after it failed to agree new commercial terms [...]
London FinTech stars join Tech City UK’s Future Fifty scheme as booming digital finance sector steals the spotlight December 10, 2014 The capital's crown as the financial technology epicentre of the world will be reaffirmed today as seven of London’s rising FinTech stars will join the government-backed Future Fifty scheme. TransferWise, Go Cardless and Algomi are among the group of 12 companies joining Future Fifty – run by Tech City UK, part of UK Trade & [...]
