IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Uber launches first Christmas charity campaign following PR storms and bans in Spain and New Delhi December 9, 2014 After a seemingly never-ending series of controversies and criticisms, taxi hailing app Uber is hoping to raise some Christmas cheer with its biggest charitable undertaking to date. Uber has teamed up with US charity Share Our Strength to work on their “No Kid Hungry” campaign which aims to eliminate child hunger in the US [...]
Tesco’s share price has plummeted 50 per cent and it’s now the year’s second biggest FTSE 100 faller December 9, 2014 This morning, Tesco issued its fourth profit warning of 2014, saying profit for the financial year ending February 2015 would not be greater than £1.4bn. This is much lower than its estimate of £2.4bn- £2.5bn in August. But in September, the supermarket chain revealed that it had overstated its profits for the year by £263m, [...]
Carillion embroiled in Qatar 2022 World Cup allegations December 9, 2014 Carillion, one of the UK's biggest construction firms, has been implicated in allegations surrounding the treatment of migrant workers in Qatar as it prepares to host the World Cup in 2022. BBC news said it "uncovered worrying testimony about pay, housing conditions and safety standards from foreign workers" including some employed by subcontractors working for Wolverhampton-based [...]
Korean Air exec Heather Cho resigns after nut-rage incident December 9, 2014 Who doesn't get cranky when they take a flight? But, you can’t get away with throwing a tantrum when you're stuffed into tiny seats like a sardine as a tin can hurtles you 30,000 feet above the earth – not even if you’re an executive of the airline you're travelling with and your dad happens [...]
Abercrombie & Fitch announces chief executive Michael Jeffries’ retirement December 9, 2014 Embattled teen retailer Abercrombie & Fitch has said Michael Jeffries will step down from his roles as chief executive and board member with immediate effect. Jeffries, who had long been out of favour with investors, already lost his chairmanship role in a board restructuring earlier this year. Its shares surged nearly seven per cent in pre-market trade [...]
UK third best country in the world for battling climate change, says report December 9, 2014 The UK has been one of the best countries in the world at combating the effects of climate change in 2014, according to the latest Climate Change Performance Index (CCPI). The report was put together by think tank Germanwatch and non-governmental organisation CAN Europe. It looked into the attempts by the world's 58 biggest [...]
UK manufacturing unexpectedly falls in October December 9, 2014 UK manufacturing posted a surprise fall of 0.7 per cent for October, after rising 0.6 per cent the previous month, according to figures released by the Office of National Statistics (ONS). Economists had been expecting an increase of 0.2 per cent in industrial and manufacturing output for October. The slump was driven primarily by a 4.5 [...]
Snapchat hires Credit Suisse banker Imran Khan to lead strategy after billion dollar valuation December 9, 2014 Snapchat has made its money-making intentions clear with the hire of a major investment banker from Credit Suisse. Evan Spiegel, the 24-year-old founder of the hugely popular messaging app, has brought in heavy hitter Imran Khan, formerly the head of investment at Credit Suisse who led the bank’s work on the Alibaba IPO earlier this [...]
Tesco share price hits 11-year low as supermarket chain issues yet another profit warning December 9, 2014 The figures The year just keeps getting worse for Tesco, with the beleaguered supermarket chain issuing yet another profit warning this morning. It said trading profit for the financial year ending 2015 would not exceed £1.4bn – a significantly lower figure than market expectations of between £1.8bn and £2.2bn. Shares plummeted by 16.2 [...]
Tesco share price timeline: One chart showing the dramatic decline of the supermarket giant December 9, 2014 Since 1919, the rise of Tesco as the dominant supermarket chain has seemed unstoppable. It enjoyed rapid expansion in the 80s and 90s which resulted in a huge market share over the last ten years. This is all now under threat after a series of profit warnings and scandals has cast a bleak shadow over [...]