Sir Philip Green locked in battle with BHS administrator over fate of £35m charge November 6, 2016 Sir Philip Green is at odds with one of BHS' administrators over a charge worth millions that his Arcadia Group holds over the collapsed retail chain. BHS fell into administration this April, running a pension deficit worth £571m at the time, and it was later decided the company could not be saved and would need [...]
AI firm ASI Data Science raises £1.5m investment with backing from Skype founding engineer November 6, 2016 Jaan Tallinn, one of the men behind Skype, has backed a London firm that trains computer scientists in using artificial intelligence (AI). According to the Sunday Times, ASI Data Science, which works with the likes of easyJet and the BBC, has landed £1.5m of new investment, with LocalGlobe another backer. LocalGlobe was set up by [...]
No ****: Scientists have identified the swearier sex November 6, 2016 Swear like a sailor? You're not alone. But if you're effing and blinding, it's more likely that you're a woman. Scientists have found that females are flinging around the F word more than males, making women the swearier sex. And the way we swear has drastically changed in the past twenty years, in fact, with men dialling [...]
Williams & Glyn sell off sparks watchdog’s attention November 6, 2016 Royal Bank of Scotland's (RBS) potential sale of Williams & Glyn to challenger Clydesdale & Yorkshire Bank (CYBG) has sparked the attention of the banking watchdog. RBS was told to divest of Williams & Glyn, and its network of more than 300 branches, by 2017 as part of its £45bn state bailout deal. CYBG revealed [...]
Former Barclays boss says technology is the key to scandal-free banking November 6, 2016 A former Barclays boss has said banking scandals could be slashed if there were less people across the sector and more computers. Antony Jenkins, who was suddenly let go from his group chief executive role at Barclays last year, has previously spoken about the "Uber" moment the industry is undergoing, and launched his own fintech venture, [...]
Three London Wahaca branches remain shut after suspected norovirus outbreak November 6, 2016 Three London branches of Wahaca remained shut this weekend, after a suspected norovirus outbreak led to hundreds falling ill across nine chains of the Mexican restaurant. UPDATE: Wahaca has now reopened all its restaurants. Read more here. Soho, Covent Garden and Oxford Circus are all still closed. The White City branch had reopened, but closed again [...]
Watch out Siri? Samsung’s next phone will have an AI assistant November 6, 2016 Samsung is following the lead of Apple and Google, revealing it will add a Siri-like personal assistant to its newest smartphone, the Galaxy S8. It's the first time a Samsung phone will have the feature and follows the tech company's acquisition of San-Francisco artificial intelligence startup Viv Labs last month. The open platform will let others [...]
Evans Cycles poaches Dobbies Garden Centres’ boss Andy King November 6, 2016 Evans Cycles has announced that Andy King has been appointed as its new chief executive. King was formerly managing director at Dobbies Garden Centres, the national garden retail business, and prior to that worked at Notcutts Garden Centres, The Body Shop and Mothercare. He replaces Nick Wilkinson, who left the company earlier this year. ECI [...]
Now Birds Eye and Walkers are putting up prices after Brexit November 6, 2016 Birds Eye and Walkers are following in the footsteps of consumer goods giant Unilever in raising their prices following a slump in the value of the pound after Brexit. Frozen food brand Birds Eye could raise prices by as much as 12 per cent in the next month according to the Sunday Times, and pack sizes [...]
Former Lib Dem energy secretary Ed Davey has been blocked from accessing a report he commissioned November 6, 2016 A former Lib Dem minister has been barred from accessing a renewable energy report that he commissioned while in office. Ed Davey served as energy secretary for three years to May 2015, when he was ousted by Conservative James Berry as the MP for Kingston and Surbiton. Read More: Farron compares Goldsmith by-election to famous Poll [...]