Train fare rises: The worst value rail journeys in Britain revealed as London to Newcastle, London to Edinburgh and London to Leeds January 11, 2016 A new study has revealed which rail journeys offer the worst value for money compared with the cost of driving – and some of the routes are even slower than going the distance in four wheels. A return trip from London to Newcastle costs nearly £159 more than travelling by car, making it the worst value [...]
Boxhill Technologies suspends trading on Aim as financial information is leaked ahead of publication January 11, 2016 Aim-listed payment software firm Boxhill Technologies has suspended trading its shares after it discovered that information from its unpublished accounts had been leaked ahead of time. Shares were suspended this morning, after "certain information contained in the 2015 was posted on certain bulletin boards on [Sunday] 10 January", the company said. "While the 2015 accounts are at [...]
After CES, and with Google Cardboard paving the way, it’s time to start thinking seriously about virtual reality for business January 8, 2016 At this year’s Consumer Electronics Show (CES) in Las Vegas, much attention focused on virtual reality (VR). So if, as many now believe, this is the year VR’s dreams come true, what will it mean to you? The answer is plenty. Until recently, the unwieldiness and expense of VR technology limited its application. Google’s Cardboard launch 18 months [...]
China cracked, Bolland bowed out and Dry January got drier: Here’s what got us talking this week January 8, 2016 The Jetsons' family car got a bit closer to reality, and a base-jumper around Canary Wharf gave us all vertigo while Donald Trump got punchy over the impending Commons debate on whether he should be banned. Here's what got us talking this week How low can yuan go? (Source: Getty) 1) China cracked Stock markets were suspended twice [...]
Saudi Aramco confirms IPO of world’s most valuable company is being considered January 8, 2016 Saudi Aramco – thought to be the world's most valuable company – has today confirmed that it is planning to go public. The state owned oil producer, said to be worth many trillions, has been "studying various options to allow broad public participation in its equity", the firm said. The IPO would take the form of an "appropriate [...]
Saving in 2016: Years of low base rates have engendered a lack of thought about saving January 8, 2016 During the Christmas season, most people tend to be focused on family rather than finance, but as the new year develops, particularly with many facing an extra week before payday, thoughts inevitably creep back to more run of the mill matters. The rise in the US interest rate announced by the Federal Reserve is seen by many [...]
Tesco share price soars after Barclays upgrades to buy recommendation January 8, 2016 Tesco's share price soared five per cent this morning after Barclays upgraded its rating on the stock to buy. Barclays moved its weighting from equal weight to overweight, saying recent declines in its share price had now lowered the stock to attractive levels. [stockChart code="TSCO" date="2016-01-08 11:45"] It also believes there are improvements to the [...]
Sports Direct’s share price slumps 15 per cent on profit warning January 8, 2016 Sports Direct has issued a profit warning, claiming warm weather deterred shoppers over the key Christmas period, prompting its share price to tumble. The Mike Ashley-owned retailer, which has been fending off criticism around its various working practices, issued a statement this morning saying it had "seen a deterioration of trading conditions on the high street and [...]
Blue Inc to shut 60 stores and axe hundreds of jobs under major restructure after subsidiary company enters administration January 8, 2016 Blue Inc, the fast fashion chain once chaired by Stuart Rose, is to shut around 60 stores and axe hundreds of jobs as part of a major restructure to realign the business towards online. The closures, which will reduce the company's store portfolio by more than a quarter to around 180 stores, will result in [...]
Blood on the shop floor as warm weather means high street retailers suffer worst Christmas performance since 2008, BDO says January 8, 2016 Retailers hoping for a last minute Christmas sales rush were bitterly disappointed, as figures suggest it was the worst festive period since 2008. According to BDO’s monthly high street sales tracker, retailers suffered a 5.3 per cent drop in year-on-year sales for December – the worst monthly results in seven years. No retail sub-sector survived unscathed. Sales of [...]
