Co-op follows in footsteps of Amazon Go with ‘pay-in-aisle’ service July 31, 2019 The Co-op is trialling a new ‘pay-in-aisle’ plan that will allow customers to scan and buy for their products as they shop. The supermarket chain has teamed up with payment software firm ACI Worldwide to bring in the new system across 30 Co-op food stores in England, Scotland and Wales by early next month. Customers [...]
UK manufacturers gloomy but consumers more upbeat July 31, 2019 Optimism among UK manufacturers has fallen rapidly but British consumers have become more positive, two surveys showed today, in the latest sign of a big divide in the economy. Read more: UK mortgage approvals rise but consumer lending slows Business optimism among small and medium-sized (SME) UK manufacturers fell at its fastest pace in three [...]
Uber car rental startup Splend moves headquarters to London July 31, 2019 Uber car rental startup Splend has relocated its headquarters to London as it looks to cash in on the booming ride-sharing market. The Australian company, which provides cars, training and data analytics to drivers, has set up shop in Aldgate as it prepares to grow its presence in the capital. Read more: Uber lays off [...]
City Moves for 30 July – Who’s switching jobs at Maples Teesdale, Brady and Dolfin? July 31, 2019 Today’s City Moves includes Maples Teesdale, Brady and Dolfin. Maples Teesdale Maples Teesdale has announced the arrival of Rosalind Cullis as real estate disputes partner to the team. Rosalind, who joins from Kingsley Napley, brings a wealth of experience as a real estates disputes lawyer, having previously been at Forsters and Beachcroft Stanleys (now DAC [...]
Car industry investment grinds to a halt as Brexit uncertainty cripples sector July 31, 2019 Investment into Britain’s car manufacturing industry has come to a near-standstill, as companies divert hundreds-of-millions of pounds towards mitigating a potential no-deal Brexit which they fear will plunge the sector into chaos. Inward investment into the sector plummeted more than 70 per cent to just £90m in the first six months of the year, according [...]
Government urged to act to secure ‘home ownership dream’ July 31, 2019 The government has been urged to act to help first-time buyers as new forecasts revealed that by 2026 just a quarter of people aged between 25 and 34 will own their own home. A report by Santander found that home ownership within that age bracket will have dropped from 55 per cent 20 years ago, [...]
Shop prices fall as retailers tempt customers with discounts July 31, 2019 Shop prices fell this month as retailers attempted to attract reluctant customers with heavy discounting. Prices deflated by 0.1 per cent in July, driven by a 1.2 per cent drop in the price of non-food items such as electricals and clothing and footwear. Read more: Shop price inflation gathers pace in May The fall in [...]
Apple shares turn green as services rise July 30, 2019 Apple’s booming revenue in its services division provided a boon to investors tonight, as shares bounced more than four per cent in after-hours trading. The Californian tech giant topped expectations for quarterly profit and revenue for the three months to the end of June, as performance improvement in China helped its results. Read more: Apple [...]
JP Morgan starts European audit review July 30, 2019 JP Morgan Chase has reportedly launched a review into its current relationship with auditors for its major European arm. The Wall Street giant has kicked off a process to look at the role currently held by PricewaterhouseCoopers (PwC) as the accountant of JPMorgan Securities. Read more: Metro Bank finance director steps down to take new [...]
Lawsuit opened over Capital One data breach which hit 100m customers July 30, 2019 A class action lawsuit has been filed in the US over a data breach at Capital One bank that saw about 100m US customers have their personal information stolen by a hacker. Read more: Equifax fined up to $700m for massive data breach Roughly 140,000 social security numbers and 80,000 linked bank details were stolen, [...]