Waitrose pulls a Christmas cracker with festive sales January 14, 2015 Things may be bleak for the big four supermarkets, but for the smaller, challenger, businesses initial signs are that Christmas was a real cracker. Waitrose has topped off a strong year, in which it had grown market share to five per cent by December, according to its Christmas figures published today. The John [...]
JPMorgan’s fourth quarter blighted by $1bn forex fine January 14, 2015 JPMorgan Chase's fourth quarter earnings have been hit by nearly $1bn (£656m) of legal costs relating to the forex scandal. The bank would have reported an annual increase in net income of more than $500m (£328m) if it had not been for the fees. Instead it was down 6.6 per cent. The figures [...]
No snow, but Met Office puts weather warnings in place for Greater London, Kent, Oxfordshire and West Sussex January 14, 2015 London might not be getting any snow this week, but the Met Office has put out warnings that heavy rain and wind could lead to localised flooding and travel disruption. The UK's weather authority has put severe weather warnings in place for Greater London, Kent, Oxfordshire, West Sussex, Portsmouth and Southampton, saying affected areas [...]
Tesco’s share price nears pre-overstatement level for the first time in four months January 14, 2015 Tesco's share price is nearing the level it was before the supermarket admitting to overstating its profits in September, thanks to a sustained rally in the last month. Shares in the UK's largest retailer have risen more than 30 per cent since mid-December and at pixel time this morning the business was up 2.1 [...]
SuperGroup share price soars on strong Christmas figures January 14, 2015 SuperGroup's share price soared 7.5 per cent this morning, after the company revealed strong results for the 11-week Christmas trading period. The business, which owns the SuperDry brand, had a pretty impressive period up to January 10, with total retail sales up 17.8 per cent, while like-for-likes rose 12.4 per cent. Ecommerce was [...]
#JeSuisCharlie has become one of Twitter’s all-time top hashtags January 9, 2015 #JeSuisCharlie – the phrase used to show solidarity with the victims of the Charlie Hebdo attack – has become one of the most popular hashtags in Twitter’s history. The attack, which took place on Wednesday morning, gave rise to the hashtag spontaneously as people used social media to express their support for those who had [...]
Three suspects and four others believed dead after Charlie Hebdo shoot-out January 9, 2015 Three of the Charlie Hebdo suspects and four others are believed to have died as police moved to end two stand-offs in Paris and Dammartin. "Several" hostages were reported to have been freed. The two brothers responsible for the initial attack on the satirical magazine, named as Cherif and Said Kourachi, aged 32 and 34 respectively, [...]
Forex trader Alex Hope found guilty of £5m fraud January 9, 2015 Alex Hope, the 25-year-old trader who famously spent £125,000 on a single bottle of champagne, was today convicted of fraud totalling more than £5.5m. Hope had previously admitted operating a collective investment scheme without authorisation. The scam, which has been likened to a Ponzi scheme, claimed to make large returns for investors from the [...]
London bus strike planned to disrupt commuter travel next week January 9, 2015 Bus services throughout London could be severely disrupted if a planned 24-hour strike goes ahead next week. The strike, organised by Unite over pay disparity between the capital's 18 different operators, is scheduled to take place for 24 hours from 00:01am on Tuesday January 13. Unite claims that up to 27,000 workers will [...]
“Worst forgery” seen by police was accepted as legal tender January 8, 2015 Could this be the worst counterfeit note in British history? Manchester police certainly seem to believe it is the worst attempt they've seen in the city. In case the picture doesn't make it clear, the forgery consists of two paper photocopies of a bank note that have been stapled together. But that's [...]
