Morrisons gets a discount on new deal with Ocado August 9, 2016 Morrisons and Ocado have struck a new deal that will see the supermarket deliver to more areas in Britain, and also reduces the fees Morrisons has to pay the online grocer. Shares in both grocers rose on the news, with Morrisons up 1.5 per cent at 190.9p in early trading, while Ocado rose 2.6 per [...]
Rents continued to climb in July – but the rate of growth is slowing August 9, 2016 Rents kept climbing in July – but the rate of growth is cooling in the second half of the year. According to data from Homelet, rents agreed on new tenancies in the UK over the past three months increased by 2.3 per cent as compared to the same period last year – excluding London. Read [...]
Consumers hit the pub after the Brexit vote as spending on big-ticket items cooled August 9, 2016 Consumer spending growth has slipped after the Brexit vote, but people are still willing to shell out for beer and restaurant meals, according to data released today. According to Barclaycard, consumer spending cooled to 2.6 per cent in July, but the urge to hit the pub could not be resisted; spending in pubs, restaurants and [...]
Online sales grew in July as store sales fell – despite desperate discount offers from retailers August 9, 2016 Online sales performed well in the past three months, but store sales declined as retailers struggled to lure shoppers onto the high street with discount deals. In the three months to July, the online sales of non-food products grew 11.1 per cent as compared to the same period last year, according to research by the British [...]
City Moves for 9 August 2016 | Who’s switching jobs August 9, 2016 Metamako Metamako, a specialist in deterministic network devices for the world’s financial institutions, has appointed Kevin Covington as CEO. With a long career in the fintech industry, Kevin has many years’ experience of growing and developing financial technology companies. He was one of the creators of the concept of co-location. In his previous position as [...]
Society of Independent Brewers moves to take back craft beer from big drinks companies August 9, 2016 The Society of Independent Brewers (SIBA) has today launched a new initiative to push big brewers out of the craft beer scene. SIBA will offer its new “Assured” stamp of approval to breweries “truly independent of any larger controlling brewing interest” who also pledge to its manual of good brewing practice. There is no strict [...]
Inzura becomes the lastest company on the insurtech scene August 9, 2016 Inzura – a new digital insurance platform – is set to begin using smartphone data and photo recognition to calculate policies. It’s thought insurance companies will be able to take on less risk by fine-tuning policies. "We believe the smartphone will play a central role in the much-needed digitisation of insurance," said Richard Jelbert, chief executive of [...]
Southern discomfort: Train operator only delivered 70 per cent of services on time August 9, 2016 The train operator at the centre of what is set to be the longest strike on the railways since the 1960s has seen the punctuality of its services plunge to just 70 per cent, new figures show. During July, Southern's operator Govia Thameslink only delivered 70 per cent of services on time across its franchises according [...]
Hinkley Point: China ambassador warns over “crucial historical juncture” in UK relations August 8, 2016 China’s ambassador to the UK has issued a warning over relations between the countries as the British government considers whether to approve the Hinkley Point project. Liu Xiaoming said the delay in approving the scheme has brought the nations to a “crucial historical juncture”. Read more: Is May set to abandon Osborne’s China dream? Liu [...]
Rupert Murdoch’s News Corp makes “aggressive” assault on digital growth as print problems mount August 8, 2016 Rupert Mudoch's News Corporation is making an "aggressive" assault on digital growth as its print advertising troubles mount. The publisher of the Sun, Times, Sunday Times and Wall Street Journal newspapers reported a five per cent growth in revenue in the last quarter on Monday. The figures In the three months to 30 June, the company’s turnover [...]