Just Eat takes a bite out of businesses in Italy, Spain, Mexico and Brazil February 5, 2016 Just Eat has taken a bite out of online takeaway rivals in Spain, Italy, Brazil and Mexico. The four businesses – La Nevera Roja in Spain, PizzaBo/HelloFood in Italy, Hello Food Brazil and Hello Food Mexico – cost the UK-listed firm €125m (£94.7m), which will be funded from cash resources, and gives Just Eat huge reach as it [...]
Syria conference: The humanitarian crisis will grind on for years if all we do is talk about it – and money won’t solve the problems either February 4, 2016 The commitment by world leaders, including Prime Minister David Cameron, to up international assistance to Syrian refugees should be applauded. But at the same time, we are deceiving ourselves if we imagine that we can simply throw money at this crisis and then walk away, consciences clear. Left as is, the conflict in Syria, and the [...]
The IT skills gap is growing: It’s not all about startups and Silicon Roundabout February 4, 2016 Amid all the pleas and promises to ensure the UK remains at the forefront of the digital revolution we need to remember that it is not all about startups and the "Silicon Roundabout". A more pressing problem of not having enough workers to fill the jobs in IT departments across Britain is now confronting the [...]
Bank of England lowers growth forecasts for UK GDP over export fears as monetary policy committee hawk Ian McCafferty changes vote February 4, 2016 The Bank of England has cut its forecast for the UK's economic growth, as a backdrop of global headwinds and sterling's strength put pressure on exports. GDP growth this year has been cut from 2.5 per cent in November to 2.2 per cent today. Forecasts for 2017 have also been dropped down from 2.7 per cent to 2.4 per [...]
Mayor Boris Johnson wants to build two new roads under London, from Park Royal to Hackney Wick and Chiswick to Beckton, to ease congestion February 4, 2016 Not content with creating a series of new cycle superhighways, London mayor Boris Johnson has made his next set of proposals to help people get around the capital more easily: two major cross-city tunnels, which he claims will reduce congestion by as much as 20 per cent. Not only will it reduce blood pressure and [...]
Tube strike 6 to 8 February: Transport for London is putting on more buses and cycle hubs to help commuters moving – but warns everything will be busier than usual February 4, 2016 Commuters are being advised to brush up on alternative travel plans ahead of the 48-hour Tube strike scheduled to start this weekend. Transport for London has confirmed that, if the action goes ahead, the Tube will be heavily disrupted – but not closed – between 9pm on Saturday 6 February and for the whole day on [...]
EasyFoodstore shuts after demand for 25p food clears shelves February 4, 2016 The EasyFoodstore has been forced to close just days after it was launched, after bargain-hunting Londoners stripped the shelves bare. The pilot was launched on Monday, in Park Royal, north-London, with an introductory offer of 25p applied to all items ranging from pizzas to jaffa cakes. Those looking to get their hands on a good deal [...]
First South Western Trains and Stagecoach South West to battle it out for train franchise February 4, 2016 The government has shortlisted two train firms as it narrows down the list of potential winners of the South Western franchise competition. First South Western Trains and Stagecoach South West have made it to the final stage to secure the contract for one of the busiest routes in the country. Bidders will now need to [...]
L&G chief financial officer Mark Gregory to retire after 17 years at business February 4, 2016 Legal & General's chief financial officer Mark Gregory is leaving the business after 17 years. He will retire from the group on 31 January, although will remain on hand until a successor is appointed to "ensure there is a smooth transition". Gregory has been an executive director on the board for the last seven years, initially [...]
Credit Suisse’s share price plummets as it posts first annual loss since 2008, plans 4,000 job cuts: Tidjane Thiam issues warning of global uncertainty February 4, 2016 Credit Suisse's share price plummeted this morning on news it is planning to cut 4,000 jobs following its first annual loss in eight years, alongside a warning that it is "not clear" when financial markets will start to rebound. The figures The Swiss lender has reported a pre-tax loss of CHF 2.42bn (£1.65bn) for the full year [...]
