Chilango offers big investors a free burrito every week as it launches crowdfunder to help fund five new London restaurants October 11, 2018 Chilango is offering investors the chance to get a free meal a week, as it looks to raise £1m from its new ‘Burrito Bond’. The Mexican restaurant chain plan to add five more establishments to its 10 in London by 2020. Read more: Protein powerhouse Glanbia shakes things up to buy Slimfast for $350m It [...]
Bitcoin may take years to regulate, but does not pose risk to global stability October 11, 2018 Cryptocurrencies like Bitcoin do not pose a risk to financial stability, but need to be monitored, while the government may take two years to regulate the sector, two new reports have warned. City-headquartered law firm RPC said any government regulation could take a long time to come into force. Based on past extensions of the [...]
Shares in Burberry fall as Chinese appetite for luxury goods slows October 10, 2018 Shares in Burberry dropped over eight per cent Wednesday after Morgan Stanley downgraded the luxury goods sector over worries of a slowdown in the Chinese market. Chinese consumer confidence has peaked, the bank said, and consumption trends will likely slow further in the second half of the year before a slight upswing in 2019. Read [...]
Rank fined £500,000 after visiting problem gambler overseas October 10, 2018 Online gambling firm Rank will pay £500,000 after failing a problem gambler by visiting him overseas when he had asked the company to leave him alone. The Gambling Commission found Rank had failed to recognise a customer showing “problematic behaviour”, broke credit rules and contacted him at his home during a self-exclusion period. Read more: [...]
Flat pack expansion: Ikea to reach 3bn people by middle of next decade October 10, 2018 Ikea will reach almost half the world’s population by 2025 as it branches into South America and eleven other markets in the coming year. The furniture giant, which grew retail sales by 4.5 per cent in the financial year ending August, said it would open stores in Estonia, Ukraine, Puerto Rico, Oman, Luxembourg, Macau and [...]
Watchdog bans Vodafone’s ‘misleading’ Martin Freeman advert October 10, 2018 A Vodafone advert where Martin Freeman is told he cannot break up with his phone provider has been banned as “misleading”. It claimed that, unlike with other providers, Vodafone customers could walk away, failing to clarify this only applied in the first 30 days of a contract, the Advertising Standards Authority ruled. In the advert, Freeman [...]
Police respond to gas explosion outside Liverpool Street pub October 10, 2018 Police and firefighters are responding to a small gas explosion in the City. The blast happened outside the Woodin Shades pub on Bishopsgate. We are currently dealing with a minor gas explosion outside the Woodins Shades pub on #Bishopsgate in the City A small cordon is in place so there is no access to vehicles [...]
Women put off by gender pay gaps when looking for new jobs, study finds October 10, 2018 Almost two thirds of women look at a prospective employer’s gender pay gap before applying to a job, a new study has found. Women also said their motivation is reduced when employed at a company with a pay gap, and they are less likely to recommend working there to a friend. A poll by the [...]
London workers are more at risk for mental health issues than in other cities, and most don’t tell their bosses, study finds October 10, 2018 Nearly half of workers in London suffer from mental health problems in the office, and most do not tell their bosses, a new study from health startup Mynurva has found. Employees fear telling people about problems could get in the way of their career, or damage relationships with co-workers. The study of 2,000 adults found [...]
Pregnant woman shot with pellet gun by City cashpoint as muggers try new tactic to distract victims October 9, 2018 An expectant mother was shot with a pellet gun outside a City cashpoint on Monday in what police believe may be a new tactic from muggers trying to grab money from their victims. Five-month pregnant Nikki Morgan was outside Halifax on Fenchurch Street in broad daylight, trying to unlock her pin code when something hit [...]
