Mark Zuckerberg’s book club: Facebook founder invites people to join his 2015 challenge to read a book every other week January 5, 2015 It’s that time of year again when resolutions are made and many more broken. Those struggling to stick to theirs should be heartened that even the world’s biggest entrepreneur and richest man thinks he needs to do a little self-improvement. Facebook founder Mark Zuckerberg has set himself a challenge of reading a new book every [...]
Fashion chain Bank enters administration leaving more than 1550 jobs at risk January 5, 2015 Fast fashion chain Bank has been placed into administration, less than two months after being sold by JD Sports Fashion. Deloitte is handling the administration, which puts more than 1,550 jobs at risk less than two months after it was bought out by restructuring specialist Hilco Capital. Deloitte's partners Bill Dawson, Daniel [...]
Petrol price of £1 a litre comes one step closer as big four supermarkets cut prices January 5, 2015 The good news for drivers just keeps on rolling. Britain's so-called "big four" supermarkets have announced a 2p cut to the price of petrol, with Tesco's reduction coming into effect immediately. The rest, which include Asda, Morrisons and Sainsbury's, will cut their prices tomorrow. The reductions bring the prospect of £1 per litre petrol tantalisingly [...]
M&S share price suffers after downgrade ahead of third quarter results January 5, 2015 Marks & Spencer shares fell over three per cent in mid-afternoon trading after a downgrade by investment bank Societe Generale and as it prepares to report third quarter sales figures later this week. The British retailer started the new year on the back foot after analysts at Societe Generale took the stock rating from "buy" to [...]
Aldi recalls Choceur Treasures chocolate batch after salmonella scare January 5, 2015 Aldi has recalled a range of chocolate after the salmonella bacteria was detected in a batch. The discount supermarket is recalling 200g packs of Choceur Treasures that carry a best before date of September 1 2015. The batch has been on sale in Aldi stores in the Midlands region only, although it has [...]
Xiaomi: Everything you need to know about the world’s most valuable technology start-up and third-biggest smartphone maker January 5, 2015 Despite not having any products on sale in the UK, smartphone manufacturer Xiaomi can't keep out of our business headlines. Just a week after being named the most valuable technology company in the world, the Chinese company has announced a mammoth increase in sales in 2014. Xiaomi is now said to be the third-biggest [...]
Oil slides to new five-and-a-half-year low amid global supply glut January 5, 2015 Brent crude slipped below $55 per barrel today, marking a new five a half year low for the black stuff. It came after record supplies from Iraq and Russia fueled speculation persistently low prices were set to continue. Data from Russia's energy industry showed oil output hit a post-Soviet high last year at around 10.5m [...]
Ed Miliband accuses British businesses of recruiting workers at “slave wages” January 5, 2015 Labour leader Ed Miliband has kicked off his party's election campaign with a major speech in Manchester setting out his party's offer to the British people. Miliband tackled many themes of his leadership, including the cost of living and the NHS. He also didn't make the mistake of forgetting to mention the deficit or immigration [...]
Have the Conservatives really halved the deficit? January 5, 2015 There has been a lot of fuss around the Conservatives’ new campaign poster, in which the party claims to have, among other things, halved the deficit. Fraser Nelson, the editor of The Spectator, was quick to point out that the claim only holds if a specific measure is used – deficit as a percentage of [...]
Have the Conservatives really halved the deficit? January 5, 2015 There has been a lot of fuss around the Conservatives’ new campaign poster, in which they claim to have, among other things, halved the deficit. Fraser Nelson, the editor of The Spectator, was quick to point out that the claim only holds if a specific measure is used – deficit as a percentage of GDP [...]