Co-operative Group to spend £125m slashing the price of fruit and veg in its supermarkets – including introducing the 39p cucumber June 17, 2015 The Co-operative has just drawn its battle line in the supermarket price wars, after it announced plans to spend £125m slashing prices. Read more: Aldi Shmaldi – How Bargain Booze is playing German discounter at its own game Its weapon of choice? The humble cucumber, the price of which will be slashed to just 39p, [...]
Bob Diamond’s Atlas Mara sells stake in Zimbabwe private equity firm Brainworks Capital Management June 17, 2015 Atlas Mara, the Africa-focused financial services group owned by former Barclays chief executive Bob Diamond, has sold its 10.1 per cent stake in Brainworks Capital Management, which describes itself as "Zimbabwe's pre-eminent private equity investment and advisory firm". Read more: Why would Bob Diamond want to buy a bank in Rwanda anyway? The deal netted [...]
Alexis Tsipras: International Monetary Fund bears “criminal responsibility” for Greek crisis, as survey shows fund managers aren’t prepared for Brexit June 16, 2015 The International Monetary Fund (IMF) bears "criminal responsibility" for the damage caused to Greece's economy since its first bailout, the country's Prime Minister, Alexis Tsipras, said during a powerful speech today. Read more: Debate – Should Greece accept it's better off without the euro? During a televised speech from parliament in Athens, Tsipras lost his [...]
Bitcoin spikes above $240 on Fed interest rate fears June 16, 2015 Bitcoin has spiked against the dollar, broaching the $240 mark for the first time this month. Read more: How to really make money from Bitcoin The cryptocurrency reversed sharp falls from earlier this month to jump as high as $241.09 today, as investors awaited a policy update from the US Federal Reserve which is expected [...]
It turns out only a quarter of tickets at last year’s New Year’s Eve fireworks were sold to Londoners June 16, 2015 The first batch of tickets for London's New Year's Eve fireworks extravaganza goes on sale on 19 June – and you'll have to be fast to grab one – it turns out only a quarter of the 100,000 tickets that went on sale for last year's event went to actual, bonafide Londoners. Figures obtained by [...]
Dubai’s Burj 2020: The world’s tallest commercial tower is coming June 16, 2015 Dubai may be home to the world's tallest structure, aka the Burj Khalifa – but now it's getting ready to set a new record, with the Burj 2020, the world's tallest commercial tower. The DMCC, part of the government of Dubai, said today it had hired "supertall" skyscraper architects Adrian Smith + Gordon Gill – [...]
Royal Mail share price slides as Ofcom launches “fundamental” review of Royal Mail June 16, 2015 Communications regulator Ofcom today announced plans for a "fundamental" review into Royal Mail's direct delivery service, sparked by the withdrawal of Whistl, Royal Mail's only rival in the sector. Read more: Opinion – Lessons learned as final Royal Mail parcel goes on sale Shares were down 2.5 per cent at 492p as Ofcom said the [...]
Warren Buffett splurges $500m on Australian insurer IAG June 16, 2015 Warren Buffett, the legendary investor and second-richest man in the world, is clearly interested in protecting his fortune, after he spent AU$500m (£248m) on the Insurance Australia Group (IAG). Under the deal, Buffett will end up with a 3.7 per cent stake in the company, while IAG will have options to place another five per [...]
Bank of England governor Mark Carney’s earned £880k last year June 15, 2015 Bank of England governor Mark Carney earned £879,773 last year, the Bank of England reported today. That figure is half again as much as the £586,010 he earned in 2013/14; however, it also represents the first time he has taken his full pay after he took on the role in July 2013. Meanwhile, Andrew Bailey, [...]
Hackney Road closed as fire engines attend massive blaze on Yorkton Street in Haggerston June 15, 2015 One man was taken to hospital with burns and smoke inhalation today after 10 fire engines and 72 firefighters were called to attend a huge blaze at a parade of shops on Yorkton Street in Hackney.https://twitter.com/pauljacob74/status/610433358619910146 Hackney Road was closed between Queensbridge Road and Pritchard's Road as firefighters from Soho, Islington, Holloway, Shoreditch, Homerton, Bethnal [...]
