The tastiest deal of 2017? Ginsters owner confirms deal for West Cornwall Pasty Co January 4, 2017 We may only be a four days in to 2017, but there is already a contender for the tastiest – or, at least, stodgiest – deal of the year. Samworth Brothers, the company behind Ginsters, has reached an agreement to acquire West Cornwall Pasty Co. The deal will mean increased competition for Greggs. Read more: New [...]
Next’s shares tumble after company issues profit warning January 4, 2017 Next's shares have taken a hammering today after the retailer issued a profit warning. The retailer cut its profit forecast for 2017-18 to a range of £680m-£780m. Analysts had estimated the forecast would be £784m. Following the announcement, Next's share price tumbled by 12 per cent. Next's shares have now fallen nearly 50 per cent since [...]
Titanic struggle between mobile data allowance and user demand is settled January 4, 2017 | City Talk It’s the quintessential 21st Century dilemma: you’ve just spotted Leonardo DiCaprio outside an Edinburgh café and snapped the best celebrity selfie of your life. But can you risk a Facebook Live broadcast? Just how much mobile data do you have left? Then you remember you’re in Scotland’s capital where, since the end of November 2016, [...]
Aggreko wins $40m deal to power the 2018 Winter Olympics January 4, 2017 Scottish power firm Aggreko has been given the important job of ensuring the lights stay on at next year's Winter Olympics in South Korea. The news will come as welcome relief to the firm having endured a challenging 2016 that included missing out on a similar contract with organisers of the the summer games in [...]
Deutsche Bank’s head of financial crime quits after just six months in role January 4, 2017 Deutsche Bank's man in charge of fighting financial crime is leaving his role after just six months. Peter Hazlewood, a veteran of HSBC, JP Morgan and Standard Chartered, was appointed global head of anti-financial crime and group money-laundering reporting officer at the German banking giant last July. He was based in Frankfurt and reported to Sylvie Matherat, the [...]
Meet the Faraday Future, an electric car to rival Tesla that goes from 0 – 60mph in 2.39 seconds January 4, 2017 It wowed us last year with a Batmobile-style concept car, and now Faraday Future has unveiled its first full production vehicle with all the fanfare one might expect of Apple's latest iPhone. Understated is not on the horizon for the startup, which showed off its FF 91 electric car that boasts a not too shabby [...]
Boost for ECB as Eurozone inflation reaches highest point since 2013 January 4, 2017 Eurozone inflation rose to its highest point since 2013 as higher oil prices fed through to the big increase, in welcome news for efforts by the European Central Bank (ECB) to boost Europe's economy. The annual rate of inflation rose to 1.1 per cent in December, according to flash estimates from the European Commission, almost [...]
John Lewis cashed in ahead of the subdued Christmas period January 4, 2017 John Lewis cashed in in the lead-up to Christmas, before families deserted festive shopping on the high street for feasting at the dinner table. For the week starting 19 December, the department store made sales totaling £175.6m. Christmas Day and Boxing Day – when most John Lewis shops are shut – took place during the comparative week in [...]
Former EU ambassador Sir Ivan Rogers “couldn’t be trusted” by ministers says Iain Duncan Smith January 4, 2017 Senior Conservative Iain Duncan Smith has branded Britain's former ambassador to the EU "untrustworthy", a day after his sensational resignation. Sir Ivan Rogers quit yesterday, writing an email to staff which accused the government of “muddled thinking” on Brexit. Speaking on the Today programme this morning, Duncan Smith linked that leaked email to previous reports of Rogers warning [...]
Londoners could save thousands of pounds by swapping their flat in the city for a year-long cruise January 4, 2017 The average rent in London has reached a record high and house prices are continually edging up. Is it time to swap your London flat for something new? How about a room on a cruise ship? Spending a year at sea could save Londoners thousands of pounds according to research from Planet Cruise. Read more: London risks taking [...]