Supercuts secures rescue deal December 11, 2019 Budget hair salon chain Supercuts has secured a rescue deal, in a move that will save more than 1,000 jobs. Bushell Investment Group, owned by entrepreneur Lee Bushell, supported a management buy-out of the business and assets of Supercuts owner Regis UK. Around 60 sites are expected to close as part of the deal, with [...]
Rugby, Avengers Endgame, and Article 50: What trended on Google in 2019? December 11, 2019 Rugby, cricket and Game of Thrones topped Google searches in both London and the UK, as Google released its 2019 Year in Search lists today. Google also revealed the most popular people, events, and topics searched in London and the UK. England’s run to the final of this year’s Rugby World Cup propelled the event [...]
Revealed: The five most expensive rail routes into London December 11, 2019 Overpriced tickets? Frequent delays? Nowhere to sit? For the millions of people who take the train into London every day, this probably sounds familiar. And to add insult to injury, the five most-expensive rail commutes are for journeys into London – with some passengers paying more than £500 a month just to get into work. [...]
Amazon’s Deliveroo investment raises competition concerns, watchdog finds December 11, 2019 Amazon’s proposed investment in food delivery platform Deliveroo has been thrown off course after the competition watchdog said the deal raises serious concerns. The Competition and Markets Authority (CMA) today said the investment may require an in-depth investigation. Amazon led a $575m funding round in Deliveroo in May, however the CMA has put the brakes [...]
‘World’s first’ fully-electric commercial flight takes off in Canada December 11, 2019 A fully-electric passenger seaplane has taken off in Vancouver, Canada, in what has been described as a “world first” in aviation. The test flight by Harbour Air and Magni X was by a six-passenger plane, fitted with an electric motor – the first all-electric commercial aircraft. Read more: Electric-powered regional flights ‘could be taking off [...]
Political adverts disappear from Facebook’s online library December 11, 2019 Facebook came under fire yestderday as tens of thousands of political adverts disappeared from the social media firm’s online archive, two days before the UK goes to the polls. Adverts from the Conservatives, Brexit Party and the Liberal Democrats can now no longer be found in the so-called “ad library.” Read more: The best and [...]
Netflix shares slide after analyst predicts subscriber losses December 11, 2019 Netflix shares closed down three per cent last night after a broker slashed its rating for the streaming service amid growing competition. Laura Martin, media and internet analyst at Needham, downgraded Netflix from “hold” to “underperform”, predicting that the service will lose 4m US subscribers in 2020 as new rivals enter the market. Read more: [...]
Moody’s downgrades outlook for European banks amid slowdown December 11, 2019 Credit ratings agency Moody’s has downgraded its outlook for European banks to negative, predicting that weak economic growth will cause loan quality and profitability to suffer over the coming year. The agency has already downgraded its outlook for the UK, German and global banking systems, again citing weak growth and a highly uncertain 2020. Read [...]
Michael Heseltine: Hung parliament better than Conservative majority under ‘flexible’ Boris Johnson December 11, 2019 If this election has proved anything, it’s that political allegiances aren’t what they used to be – not least when it comes to those normally found sitting in parliament. Which is why I find myself speaking to Tory grandee, former frontbencher and Conservative peer Michael Heseltine about his decision to back the Liberal Democrats over [...]
JD Sports shares drop after top investor Pentland slims down stake December 11, 2019 Shares in JD Sports fell as much as nine per cent this morning following reports majority shareholder Pentland has slimmed down its stake in the company. Read more: Competition watchdog ploughs ahead with investigation into JD Sports Pentland, a brand management firm and retailer, is said to have offloaded 24m shares priced at 740p each. [...]