Velocity buys Cover: UK dining app startup buys US restaurant payment firm and lands $4m from Saxo’s Lars Christensen and others September 22, 2015 Velocity, an app which lets you pay in restaurants without requesting a bill, has raised a further $4m (£2.6m) from investors, following hot on the heels from a $12m round of funding less than three months ago. The London-based startup has also acquired US company Cover, a restaurant mobile payments app for an undisclosed sum, more than [...]
Volkswagen share price plummets for second day in a row as car giant sets aside €6.5bn to deal with emissions claims September 22, 2015 Volkswagen's share price plunged mid-morning after revealing it will set aside €6.5bn (£4.2bn) to deal with the escalating emissions-cheating scandal as it admitted at least 11m vehicles could be affected. The car giant said the write-down was needed to cover "the necessary service measures and other efforts to win back the trust of our [...]
TfL rubbishes claims that Night Tube will help only rich Londoners September 22, 2015 Transport for London has rubbished claims that the Night Tube would benefit only the richest of Londoners, insisting it will support thousands of jobs across the capital. A study published today claims that the service, which was due to launch on 12 September, was tilted in favour of people with higher-than-average house prices. [...]
Cyber attacks cost global business over £200bn a year – with finance industry hit worst September 22, 2015 Cybercrime is hitting businesses hard, with attacks costing billions every year, and the finance sector is worst exposed as one in four businesses were victims of attacks in the past year. Some 15 per cent of businesses have faced a cyber attack in the past year, with the EU region hit worst, global survey Grant [...]
As the skills gap continues to widen who’s going to help narrow it? September 22, 2015 According to the Office for National Statistics, the unemployment rate is 5.5 per cent and for the period June to August 2015 there were 740,000 job vacancies. The amount of job vacancies out there is almost at the highest on record. You don’t have to be a rocket scientist to see from these figures [...]
Groupon’s share price rises as it reveals plans to cut 1,100 jobs as part of global restructure September 22, 2015 Groupon is planning to cut 1,100 jobs as part of a global restructure of the vouchers company. The restructure, which has been approved by Groupon's board, will cost up to $35m, of which between $22m and $24m will come into play in the third quarter of the current financial year. “Substantially all of [...]
Waterloo and City line Tube strike 2015 dates: RMT staff will stage 48-hour walk out from 28-30 September September 22, 2015 Tube workers will stage a fresh 48-hour Tube strike in a row over pay targetting one of the capital's major commuter routes – the Waterloo and City line. The strike will go ahead following a vote in favour of action by RMT union members. However, London Underground claims just three people voted for it. Control [...]
What is the most common complaint raised by NHS patients? It’s nothing to do with medical problems – we just want to hear the words “I’m sorry” September 22, 2015 In true British fashion, the most common complaint raised by NHS England patients is the lack of a good enough apology, according to a report released today. The report by the Parliamentary and Health Service Ombudsman (PHSO) showed one third of complaints at NHS acute trusts were to do with giving a poor apology for [...]
How much are David and Victoria Beckham worth? The entire clan has been valued at nearly half a billion pounds September 22, 2015 As the Beckham family make waves across the global fashion and sports industries, experts estimate that the value of brand Beckham is now at almost half a billion. According to research by the London School of Marketing (LSM), the six members of the Beckham clan; David, Victoria, Brooklyn, Romeo, Cruz and Harper generate £30m to [...]
Britons’ telecoms consumer complaints revealed: Vodafone’s mobile prices and EE’s broadband most criticised September 22, 2015 Vodafone is the most complained-about mobile operator, new figures from industry regulator Ofcom show. More than one in every 7,500 customers had complaints about the UK’s third-biggest operator. Most, 34 per cent, saw red over the prices, but ironically, the second-biggest reason for complaining was how the operator handled complaints. Britons’ consumer complaints have been [...]