Premier Foods ditches controversial “pay-to-stay” scheme following fierce criticism December 7, 2014 Premier Foods has defended asking suppliers for payments in exchange for its business after receiving widespread criticism for the so-called “pay-to-stay” practice. The food manufacturer behind some of Britain’s most renowned brands including Mr. Kipling, Ambrosia, Oxo and Bisto, says that its “invest for growth” programme has been “widely misunderstood and misinterpreted” over the [...]
Can Alex Salmond win a seat in Westminster? December 7, 2014 Alex Salmond’s bid for a seat in the House of Common’s looks like a sure thing. The former First Minister for Scotland may have lost the independence vote but Salmond is still riding on a wave of SNP popularity that is likely to take him all the way to the UK parliament. The road from [...]
Uber delivers Christmas trees on demand in Paris, Dubai and Guadalajara, but not in US cities this year December 7, 2014 Not content with delivering people home after a night out, rideshare service Uber is getting festive. Lucky city dwellers in three cities around the world are being treated to Christmas tree deliveries at the tap of a smartphone in another one of the startup’s marketing ploys. These have also included ice cream delivery in London [...]
Alex Salmond confirms he will stand for seat in UK parliament at general election December 7, 2014 The former First Minister of Scotland Alex Salmond has confirmed plans for a return to Westminster by standing for a seat in UK parliament at next year’s general election. The Scottish politician who stood down as leader of the SNP after being defeated in the independence referendum, announced his candidacy for the constituency of Gordon in [...]
Apple antitrust case on brink of collapse December 6, 2014 An anti-trust lawsuit brought against tech giant Apple could soon fall apart thanks to last-minute objections raised by the company's lawyers. The case is to decide whether Apple misused its position in the digital music market between 2006 and March 2009. Apple used software that meant only music bought from iTunes could be played the [...]
Tim Draper revealed as a winner in second US Bitcoin auction December 6, 2014 US venture capitalist Tim Draper was won 2,000 Bitcoins worth $750,000 in a bid auction held by the US Marshals Service. The Bitcoins were part of a haul of 50,000 that were seized after the shutdown of online drugs marketplace Silk Road last year. The Bitcoins were taken from wallet files that belonged to the [...]
Morgan Stanley set to shell out more bonuses upfront December 6, 2014 The good time are back for finance giant Morgan Stanley which has announced it will doling out more its bonuses to employees upfront thanks to the company's healthy condition. The move aligns Morgan Stanley with many of its competitors and will raise its fourth quarter compensation by around $1.2bn. The investment bank said that 50 [...]
Small Business Saturday 2014: High street stores are not keeping up with the online era, research claims December 6, 2014 As Brits are being urged to get out onto the high street to mark Small Business Saturday new research shows consumers aren't too impressed with the pace of change in the country's small shops. Only six per cent of the public think local shops are sufficiently equipped for an era of online retail and more [...]
Denmark Hill train fire “unrelated” to Charing Cross incident, says Southeastern December 5, 2014 Southeastern has said it believes the fire on one of its trains this week is “completely unrelated” to the trackside fire at Charing Cross station 10 days ago. The investigation is ongoing, and expected to conclude soon, but a spokesman told City A.M. that two incidents were not thought to be connected. The [...]
Quiz: Chinese names for British landmarks and celebrities – can you guess them? December 5, 2014 The Chinese are visiting Britain more than ever before. That's great news for the UK economy- but there's a problem. There are 101 landmarks that don't have Chinese names including the Shard and Savile Row. Visit Britain is launching a £1.6m campaign to get the people of China to change that and come up with [...]