Satellite operator Inmarsat won’t make an offer for rival Avanti August 1, 2016 Inmarsat won't be making an offer for Avanti, it's said today following media reports that the two could come together in a £4bn takeover. The satellite operator – recently expelled from the blue-chip FTSE 100 index – put an end to speculation begun by Sky News on Friday that it was considering making a bid for its smaller rival. [...]
HSBC’s online banking is down August 1, 2016 HSBC is suffering technical problems, leaving customers unable to access online banking services. The issue arose around 3pm according to Downdetector, which has had more than 900 reports of issues so far. HSBC said its service is currently unavailable, but did not elaborate on the reason behind the issue. The issue is also affecting First Direct, the [...]
Lack of summer blockbusters calls cut on AMC Entertainment’s second quarter profits August 1, 2016 Global cinema giant AMC Entertainment's profits and sales dived in the second quarter after the operator was blighted by a dearth of blockbuster hits and lower footfall. The figures AMC's total revenues fell seven per cent to $764m (£577m) in the second quarter ended 30 June. This was down from $821.1m in the same period of last year, [...]
Verizon is buying this Irish GPS company for $2.4bn August 1, 2016 Verizon's buying spree hasn't ended with Yahoo. Verizon has now made a cash offer for Irish GPS vehicle tracking company Fleetmatics for $2.4bn (£1.8bn). The US telecoms giant is looking to expand into internet connected devices as it grows its business away from its core mobile market. Fleetmatics' shares leaped by 39 per cent to $59.69 following the announcement, though investors sent Verizon shares down by 0.1 [...]
London still open for business but firms need reassurance from government, warns CBI August 1, 2016 London firms are standing strong despite Brexit vote uncertainty, but reassurance from government is needed urgently, a study out today has found. In a survey of 186 firms which was carried out after the referendum, the Confederation of British Industry (CBI) and CBRE found two-fifths (41 per cent) intended to stick with their investment plans and [...]
Let’s park the negativity and remember how incredible the Olympics can be August 1, 2016 Incredibly, it is now less than two weeks until the Olympics starts in Rio de Janeiro. Yet rather than hype, excitement, and expectation, it has been an avalanche of negativity. Rarely has a city been buffeted by so many crises leading up to a major event. London had its wobbles, but our road to hosting [...]
Brexit boost for lawyers and compliance experts as hiring jumps in June August 1, 2016 Legal-lovers and HR-hot shots are the latest winners from the UK's decision to breakaway from the European Union, a new survey of professional employment has found. While various indicators of hiring-and-firing following the referendum have shown that unemployment is unlikely to surge over the following months, it is those with a Brexit-specific set of skills that [...]
Yeo Valley-manufactured yoghurts sold at Tesco, Waitrose, Asda, Sainsbury’s and The Co-Operative in rubber scare recall August 1, 2016 Five supermarkets have been advised to recall thousands of own-brand yoghurts manufactured by Yeo Valley as they may contain small pieces of rubber. Asda, the Co-Operative, Sainsbury, Tesco and Waitrose have all been affected by the recall of the yoghurts. The rubber was found in a fruit conserve made by a supplier, Yeo Valley said [...]
Yes, Selfridges has just opened its Christmas shop and this is what it looks like August 1, 2016 Is that a little bit of Scrooge spirit we sense spreading across the capital? That would be because Selfridges became the world's first department store to open its Christmas shop. Bah, humbug. The retailer has put 50,000 decorations on display, with plans to expand the store later this year to accommodate another 70,000 decorations. When the [...]