Fashion retailer Select launches fresh attempt to rescue business May 28, 2019 Administrators at Select have launched proposals for a controversial insolvency process as the troubled women’s fashion group battles to stay in business. Creditors are set to decide whether or not to trigger a Company Voluntary Arrangement (CVA) on 11 June, with administrators warning that a vote against a CVA would mean the company could stop [...]
‘Lack of confidence’ to blame for gender investment gap May 28, 2019 More than a third of wealthy women do not invest due to a lack of confidence, according to new research. A total of 35 per cent of high net worth women do not have an investment portfolio, a survey of 500 wealthy individuals found, compared to 17 per cent of men. Read more: When women [...]
Italy could face €3bn fine over high levels of public debt May 28, 2019 The European Union could slap Italy with a €3bn (£2.7bn) fine for breaking the bloc’s rules on public debt, the country’s deputy prime minister said today. Read more: Italy escapes recession but still lags behind rest of Europe Matteo Salvini said he expected a fine to soon arrive in a letter from the EU over [...]
Airtel Africa planning to raise $1bn in London listing May 28, 2019 Africa’s second-largest mobile operator Airtel Africa today said it is considering a London listing to cut its debt. The telecoms group, which is owned by Bharti Airtel of India, could raise up to $1bn (£790m), Reuters reported, in a float that could value the business at around $5bn. The company said today that it was targeting [...]
Internet ads to make up half of global media spend by 2020 as mobile use surges May 28, 2019 Internet advertising formats are set to account for more than half of all media spend worldwide for the first time next year as mobile continues to drive growth, new data has revealed. Figures published by industry body Warc showed online advertising will account for 48 per cent of all media spend – roughly $298.1bn (£228.2bn) [...]
Travelodge books in 17 more hotels amid expansion drive May 28, 2019 Fresh signs of Travelodge’s bullish expansion plans have emerged this morning after the chain revealed a new £115m investment drive to open a further swathe of hotels this year. The budget hotel group, which earlier this year unveiled a target to build 100 new outlets by 2024, has today upped its ambitions with a plan [...]
Neuroscience could be key to unlocking your brain’s true potential May 28, 2019 Our brains have been humanity’s best adaption. Despite sharing 90 per cent of our DNA with our primate cousins, it’s the faster evolution of our grey matter which has helped us rise to dominance while others are still chewing grass. Our cerebral cortex (the part responsible for higher cognition) is disproportionately larger than those of [...]
Huawei reviews Fedex relationship after packages diverted May 28, 2019 Chinese telecoms giant Huawei is reviewing its relationship with Fedex, the US delivery company, after it claimed the firm diverted two parcels from Asia to the US. Huawei said that Fedex rerouted two deliveries sent from Japan to Huawei addresses in China to the US, and attempted to divert two more from Vietnam without authorisation. [...]
UK’s richest men back London firm that harvests energy from footsteps May 28, 2019 The UK’s richest men have thrown their support behind a technology which transforms footsteps on a pavement into electricity. Hinduja Group, run by brothers Sri and Gopi Hinduja who topped the Sunday Times Rich List earlier this month, is supporting a £5m fundraise by Pavegen. The company’s pavement slabs transform the kinetic energy from footsteps [...]
Bombardier in line to win €2.3bn Cairo monorail contract May 28, 2019 Canadian firm Bombardier has been named as the preferred bidder for a €2.3bn (£2bn) contract to build a monorail system in Egypt’s capital, and said it would make the trains in Britain. Read more: Airbus boss cagey over Bombardier Northern Ireland plant If successful, Bombardier’s transportation arm would bag a design and build contract worth €1.2bn [...]