Google has paid Apple $1bn to keep its search on iPhones – and has generated over $36bn from Android January 22, 2016 Google is paying a pretty penny to remain the default search bar on Apple’s iPhones. The tech giant paid its rival $1bn in 2014 to keep its search engine on iOS products like iPhones and iPads, court records have shown. Apple was also reportedly raking in a 34 per cent slice of Google’s sales through iOS devices [...]
Amazon to create thousands more jobs in Europe and UK in fulfillment, R&D and software development January 22, 2016 Amazon is going on a major hiring spree as the etailer ramps up its operation across Europe and the UK. The retailer said many of the new jobs – of which 2,500 will be in the UK – will help expand its European fulfilment network, as well as focusing on EU-based research and development. The new roles [...]
Boeing cuts production of 747-8 cargo planes resulting in a $569m charge in its fourth quarter results January 21, 2016 Boeing is the cutting down production of its 747-8 cargo planes, resulting in a $569m ($340m) post-tax write-down in its fourth quarter 2015 results. Thanks to a sluggish market, Boeing will slow production of the planes from one aircraft a month, to one every two months. The charge comes to $0.84 a share. Ray Conner, Boeing vice chairman, and [...]
Starbucks reports record revenue in its first quarter results but share price tumbles January 21, 2016 Starbucks share price plummeted 4.55 per cent to $56.28 after markets closed when it revealed its first quarter trading figures for 2016. The figures Net revenue was a record $5.37bn (£3.78bn), up 12 per cent from 2015. Net profits fell however, to $687.6m, from $983m the year before. Profits before tax fell 19.2 per cent [...]
Land Securities bucks the trend as customers flock to its shopping centres January 21, 2016 Land Securities said visitors to its shopping centres hit record levels in the third quarter, after a change in its strategy to focus on better quality properties paid off. The listed property giant, which owns Bluewater shopping centre in Kent as well as Trinity in Leeds, said footfall rose by 1.7 per cent in the [...]
Virgin Media cuts 900 jobs in the UK as it continues its plan to grow the company’s ultrafast broadband network January 21, 2016 Virgin Media is cutting 900 jobs in the UK over the next two years, and has begun consulting with the employees affected. The company said it was restructuring in order to expand, and would continue to create new roles and recruit in areas driving growth. One such area of growth is Virgin Media's five year programme to [...]
Investment banking giant JP Morgan is actually encouraging its workers to take time off – and fast-tracking January 21, 2016 Investment banking: it's not usually associated with a softly, softly approach when it comes to HR. But that's all about to change – after a new policy introduced by US giant JP Morgan means workers will be encouraged to take time off at weekends. The so-called Pencils Down initiative was designed to be "realistic to what this [...]
FTSE 100 index closes up after being encouraged by European Central Bank President Mario Draghi’s pledge to review its monetary policy in March January 21, 2016 The FTSE 100 index closed higher on Thursday, stabilising after trading with some volatility in the morning. The UK's blue-chip index ended the session 1.77 per cent higher at 5,773 points, spurred on by European Central Bank President Mario Draghi’s pledge to review its monetary policy in March. The ECB decided not to cut interest rates further today, but many believe [...]
Shoe giant Brantano enters administration, putting 2,000 jobs at risk January 21, 2016 Shoe giant Brantano has entered administration, with around 2,000 British jobs at risk – the first retailer casualty of the year. Tony Barrell, Mike Jervis and Rob Hunt of PwC were appointed joint administrators of the 140-store company. Staff at the business, which is headquartered in Leicester, will be paid any wages in arrears, and will continue [...]
The return of the mega project helps value of construction schemes hit £74bn in 2015 January 21, 2016 Construction projects soared by £10bn in value last year to £74bn thanks to a resurgence in large-scale schemes. The number of projects commissioned in 2015 decreased by 4.7 per cent year-on-year to under 12,000. However, the total value increased overall as schemes grew bigger, with the average project value rising by 18 per cent to [...]