Strong dollar and hot weather hit H&M’s summer sales and see share price fall September 24, 2015 Swedish retail giant H&M's share price fell this morning, despite promising third quarter results. The figures Sales at H&M Group – which includes facias Cos, & Other Stories and Monki as well as the mainline brand, were up 11 per cent to SEK 132bn Swedish Krona (£10bn) in the nine months to the end of [...]
ECB chief Mario Draghi will not “hesitate to act” if Eurozone inflation undershoots September 24, 2015 European Central Bank chief Mario Draghi said today the bank would not “hesitate” to expand its €1.1 trillion asset purchase programme if Eurozone inflation and growth turned out to be weaker than expected. Currently it is too early to tell whether turbulence in emerging markets and a falling oil and commodity prices will cause inflation [...]
Netflix reveals the exact episodes that got you addicted to Breaking Bad, House of Cards and Mad Men September 24, 2015 Netflix has analysed its global streaming data to discover the exact episodes that got people hooked on its most popular TV shows. Read more: Why traders love Netflix despite a likely earnings miss The streaming service picked out the episode of a show's debut season which – after it was viewed – kept 70 per cent [...]
iOS 9 problems: Apple issues first update to fix bug that left iPads and iPhones paralysed September 24, 2015 A week after releasing iOS 9 to iPhone and iPad users, Apple has rolled out the first bug fix update to the operating system. The iOS 9 launch was plagued by technical glitches that kept it from being the happy occasion it should have been for Apple users, but the update promises to fix a [...]
The “world’s fastest car” Bloodhound SCC is in Canary Wharf right now September 24, 2015 After eight years of research, design and manufacturing, involving over 350 companies and universities, scientists at the Bloodhound Project have created what they believe is the “world’s fastest and most advanced racing car” – and it’s on display in Canary Wharf this weekend. Already 8,000 people have registered to see the Land Speed Racer in [...]
Thomas Cook’s share price lifts after solid update – but warns Tunisia is “effectively closed” September 24, 2015 Thomas Cook’s share price jumped in morning trading after the holiday firm revealed a a solid trading update despite Tunisia being “effectively closed”. The figures The package holiday operator said 91 per cent of its summer holidays had been sold – in line with last year’s sales – as a damp summer at home helped drive Britons [...]
Facebook website is down: Social media site serves error message to users September 24, 2015 Facebook is down with the message "sorry, something went wrong” appearing when users visit the site. More to follow:
How fast does New Horizons fly? This is what it looks like to look out of the window of the space probe September 24, 2015 The New Horizons space probe is the fastest mankind has launched. But just how fast is that? Recently making headlines as it whipped past Pluto giving us stellar images of the dwarf planet, it’s now hurtling through space at a speed nearing 36,000 miles per hour. But such eye-watering speeds are beyond most of us [...]
HS2 route latest: Government to submit plan for Euston station’s high speed redevelopment next week September 24, 2015 Commuter chaos will relocate from London Bridge to Euston as the government sets out ambitious plans for the North London station's redevelopment as part of High Speed 2. The government will submit plans to introduce HS2 to Euston station, which will include 11 purpose-built platforms and a significant improvements to Euston Tube station, to [...]
How should taxes be spent? Imagine a world where you decide September 24, 2015 Everyone likes to think they have the best ideas for how taxpayers' money should be spent – but what if you actually did get to decide? Academics at Oxford University, Saïd Business School, Harvard Business School and the University of Pittsburgh are proposing Europe's tax authorities try precisely that. They recommend that when individuals carry [...]