Ryanair boss Michael O’Leary urges Britain to vote Remain May 6, 2016 Ryanair chief executive Michael O'Leary has urged Britons to vote Remain in the upcoming EU referendum, telling voters they have been "sold a lie" about what will happen after the election. Speaking on BBC's Question Time, O'Leary told his audience: "You should stay." He issued a stark warning to voters: "You're being sold a lie [...]
British consumers rate origin of products at same level as price, research from Nielsen says May 6, 2016 Six-in-ten British consumers cited a brand’s country of origin as one of the most important factors in making a purchase choice. Where a product comes from is as important to consumers, on average, as factors such as its range, price, function and quality, according to Nielsen’s new Global Brand-Origin Survey. The research looks into whether [...]
Retailers rocked by sales shocker May 6, 2016 The high street has suffered its sharpest drop in sales since the credit crunch as retailers battle erratic weather, increasing competition from online rivals and jittery consumer confidence. Like-for-like sales fell by 6.1 per cent in April compared with the same month last year, according to BDO’s latest monthly tracker, published this morning. The accountancy [...]
Yelp share price surges on revenue of $158.6m May 5, 2016 Yelp's share price jumped by 7.75 per cent in after hours trading after it announced revenue of $158.6m (£109.5m) for the first quarter of 2016 – beating analysts' expectations of $155.6m in sales. The online reviewing service posted a loss of $0.20 per share – equating to a net loss of $15.5m, widened from the [...]
Jack Dorsey’s Square posts $379m revenue for first quarter as losses narrow May 5, 2016 Payment processing firm Square, started by Twitter founder Jack Dorsey, has reported revenue of $379m (£262m), a 51 per cent increase year-on-year, beating analysts' expectations. Analysts had been expecting the company to report $344m in revenue. The mobile payment firm reported sales of $374.4m in the previous quarter. Transaction revenue was $300m, while Starbucks transaction revenue was the next [...]
Apple and SAP join forces to create new apps for business and professionals May 5, 2016 Tech giants Apple and SAP today announced a tie-up that will see the companies create apps for business customers using iPhones and iPads. Apple and SAP said they will combine “powerful native apps for iPhone and iPad with the cutting-edge capabilities of the SAP HANA platform”, which will be used by professionals ranging from company directors [...]
Former BHS owner Sir Philip Green slams politicians for ‘trial by media’ and ‘leaping to conclusions’ May 5, 2016 Sir Philip Green, the former owner of collapsed retailer BHS, has hit out at politicians for conducting a “trial by media” and “leaping to conclusions” about his 15 year ownership of the firm. The Arcadia chief has written to Frank Field MP and Iain Wright MP, chairmen of the House of Commons Work and Pensions [...]
Betting on a one-horse race for City Hall May 5, 2016 By the time the sun rises tomorrow morning London will have a new mayor, and all signs point to Labour’s Sadiq Khan being the man to take over from Boris Johnson. Such has been Khan’s polling dominance over Conservative rival Zac Goldsmith, the Tooting MP could have safely ordered curtains, carpets and desks for his [...]
What Next for the UK’s struggling high street? May 5, 2016 Retailers are having a tough old time of it. After last week’s casualties (BHS and Austin Reed) it seems likely that others could follow, and yesterday’s update from one of the high street’s more reliable traders underscored just how jittery the market has become. As a rule, Next tends to downplay its confidence about any [...]
City Moves for 5 May 2016 | Who’s switching jobs May 5, 2016 ISS Global provider of facility services for public agencies and private sector companies ISS has named Richard Sykes to the ISS executive group management as regional chief executive western Europe. Effective no later than 1 October, Richard will continue to be based out of the UK in his new role. Currently CEO ISS UK & [...]
