World Economic Forum: AI will create more jobs than it takes September 17, 2018 Fears of mass displacement of jobs caused by the advent of automation and the rise of workplace robots have been overstated, according to a new report by the World Economic Forum (WEF). The Swiss think tank, which runs the Davos networking event, said that the impact of robots on work would be a “net positive”. [...]
Businesses warned after mandate fraud losses more than double to £77m September 17, 2018 Businesses losses from mandate fraud have more than doubled to £77m in the past year as firms are urged to alert staff to the dangers. Figures from the police's Action Fraud unit, obtained by audit firm RSM, showed that businesses reported more than 3,451 incidents of mandate fraud in 2017-18 – up 123 per cent on the [...]
Toke-a-cola? Coke reportedly in talks with cannabis company September 17, 2018 Coca-Cola is reportedly in talks with Canadian legal marijuana company Aurora Cannabis to develop cannabis-infused drinks. According to Bloomberg, Coca-Cola and Aurora are in “serious talks” over the development of drinks that would contain cannabidiol, known as CBD, a non-psychoactive cannabinoid that is credited with various health benefits. Read more: High times: The City gears [...]
Blippar raises extra £28m as losses build up September 17, 2018 Augmented reality (AR) company Blippar is raising another $37m (£28.2m) from investors as it attempts to tackle mounting losses, Sky News reported. The company, whose over $1bn valuation has drawn scepticism, secured commitments for funding the last few weeks, the broadcaster said. The fundraising will lift the total amount of capital it has raised since [...]
Prospex confirms first gas production in Romania as it becomes revenue generating September 17, 2018 Oil and gas investment firm Prospex has announced its first gas production in north east Romania, turning it into a revenue generating company. Gas from its Bainet field will be sold to the national grid for €6 per million cubic feet and production has started at 700,000 cubic feet per day. Shares in the Alternative [...]
City leads London full fibre rollout league table September 17, 2018 The City is leading the way for the number of premises in London which are now equipped with quick full fibre broadband connections, according to new analysis. In the City, a third of premises now benefit from the technology, which allows businesses and residents to enjoy speeds of up to 1Gbps – over 22 times faster than [...]
Slug and Lettuce owner toasts World Cup and Be At One acquisition after record quarter September 17, 2018 Slug and Lettuce owner Stonegate has reported a record a quarter due to the World Cup and said growth would continue after acquiring a portfolio of Be At One cocktail bars. The company, which also owns Walkabout and Yates said it sold 4.5m pints over the course the tournament, with a peak of 367,000 during [...]
Moo-ving forward: Dairy Crest on track for full-year targets as Cathedral City and Clover brands milk revenues September 17, 2018 Dairy Crest said today it was milking revenues that are ahead of last year thanks to the success of its popular cheese and margarine brands. Ahead of its interim results on 7 November, the company said strong growth for its Cathedral City and Clover brands had boosted business. Profit is expected to be "slightly ahead" of [...]
Pullman London St Pancras: Your home in the Capital September 17, 2018 | Sponsored Contemporary. Vibrant. Cosmopolitan. London is the most exciting city on the globe. Cool and sophisticated, every day in the capital offers a new adventure. Every moment presents a possibility. It’s progressive but timeless. An energising hub of ideas, tastes and experiences. Where innovative start-ups thrive alongside big businesses. And in-touch locals meet, work and [...]
H&M enjoys boosted sales in third quarter from heavy discounting and weak currency September 17, 2018 Sales at Sweden's fashion giant H&M received a boost in the third quarter as the store offered heavy discounts and benefited from a weak crown. The figures Local-currency sales including VAT rose four per cent between June and August from a year earlier, compared with a Reuters poll which suggested sales would go up by [...]