Uber dives into fast food delivery business with UberFRESH trial August 27, 2014 Not satisfied with providing taxi rides or delivering groceries Uber is trying its hand at the fast food delivery business, with a new service called UberFRESH. The taxi app claims it will be able to deliver food from local restaurants in 10 minutes or less. Unfortunately for Uber-loving Brits this service will only be available [...]
The Honest Co: How is this organic baby product startup worth almost $1bn? August 27, 2014 It turns out not even Wall Street is immune to celebrity culture. The Honest Co., an organic baby product company co-founded by Sin City star Jessica Alba, has just raised $70m (£42m), valuing it at close to $1bn. The series C round came from investors including Wellington Management Company, Institutional Venture Partners, Iconiq Capital, Lightspeed [...]
TK Maxx could be coming to another high street near you following above-expectations growth August 27, 2014 TK Maxx parent company TJX Europe is looking to expand further in the UK and Ireland, after reporting above-expectations second quarter growth. European like-for-likes rose 6 per cent during the three months to 2 August, while adjusted net sales rose 13 per cent year-on-year to $875m (£527m). Globally TJX reported a 7% increase of [...]
iPhone 6: Apple expected to buy 194m smartphone screens this year ahead of release date August 27, 2014 The countdown to the launch of the iPhone 6 has already started (13 days and counting – as if you weren't ticking the days off the calendar), and that means Apple has been buying up a lot of screens – 194m to be exact. That is according to figures from NPD DisplaySearch’s latest insight, the FT [...]
Crystal Palace appoint Neil Warnock as Tony Pulis’ replacement August 27, 2014 Crystal Palace have made Neil Warnock their new manager, 13 days after parting ways with Tony Pulis. Warnock returns for a second stint as Palace manager, after a three year spell in the Selhurst Park dugout came to an end in March 2010. The former Leeds United, Queen’s Park Rangers and Sheffield United [...]
Alibaba profits almost triple as it approaches IPO August 27, 2014 Chinese ecommerce giant Alibaba has almost tripled profits in the three months to the end of June. The company, which is thought to be gearing up to float on the New York Stock Exchange in the next few weeks, filed papers with the US Securities and Exchange Commission showing profits jumped to 12.34bn yuan (£1.2bn), [...]
Chinese property company offers £200,000 discount on homes to Alibaba users August 27, 2014 Shop on Amazon and you might receive discount on a box of wine. Use Alibaba, and you could get money off mortar. Chinese builders need new methods to attract buyers: the country has enough floor space on sale to satisfy four years of demand, and over 90 per cent of households own the bricks and mortar [...]
One chart showing why Apple thinks you need a bigger iPad August 27, 2014 While the selling point of mobile technology is, well, its mobility, the desire for super-size screens to stimulate our eyeballs is now influencing the ultimate arbiter of cool, Apple. As well as the imminent launch (expected to be the iPhone 6) hawk-eyed Apple watchers have been thrown a curveball with the rumour of a larger iPad in [...]
Challenge Moneycorp to halve your business international payments costs August 27, 2014 Simple 3-step process: Call 0808 159 9482 today to see if your business qualifies Provide your FX requirements to our expert team We will review and provide a quotation to beat your current offer If successful we will fix your costs for up to 2 years. If not we will credit your Moneycorp [...]
Test your FX expertise – and win £500 worth of currency! August 27, 2014 We’re giving City A.M. readers the chance to win £500 worth of euros or US dollars, credited to their Moneycorp account, by entering our foreign exchange-themed quiz below. Email your answers to cityam@moneycorp.com by noon on Friday 29th August for a chance to win.* 1. Which country does investment broker, Max Skinner, played [...]