Asos share price opens lower after “Black Friday” style outage as customers clamour for discount June 1, 2015 Shares in online retail giant opened 1.5 per cent lower at 3,630p after a day-long outage prevented thousands of customers from taking advantage of a 20 per cent discount. Banners on the website advertised a 20 per cent discount on "Every. Single. Thing", causing customers to flock to the site. But it failed to stand [...]
US GDP beats expectations – but still falls by 0.7 per cent May 29, 2015 US GDP fell by 0.7 per cent in the first three months of the year, official statistics published today showed – better than the 0.9 per cent drop expected by analysts, but nevertheless a disappointing performance. The figure is a sharp fall from the 0.2 per cent growth originally estimated for the first quarter, although [...]
Quindell share price falls as it finalises Slater & Gordon deal and Lord Howard joins board May 29, 2015 Shares in troubled insurance claims outsourcer Quindell fell in late morning trading after the company announced it had completed a deal to sell its professional services division to legal giant Slater & Gordon. The £637m sale of the division, which comprised 90 per cent of Quindell's business, will return £500m to shareholders. The company took the [...]
Greece falls back into recession as IMF chief Christine Lagarde warns on Grexit May 29, 2015 New data published this morning has confirmed Greece plunged back into recession last quarter – just as International Monetary Fund (IMF) chief Christine Lagarde said this morning that a comprehensive deal with Greece to avoid it defaulting on loan repayments is "very unlikely… in the next few days". Read more: What happens if Greece defaults [...]
Mansion tax, shmansion tax: This £24m Notting Hill home sold just before the General Election May 29, 2015 Property types may have been worried about the looming spectre of a mansion tax during the run-up to the General Election – but that concern clearly didn't stretch to one billionaire buyer, who forked out £24m on a house in Notting Hill. An "unmodernised" end-of-terrace home on Kensington Park Gardens, which comes complete with eight [...]
Kitstarter: All aboard Hornby’s new Airfix crowdfunding project May 29, 2015 Who said model planes were old fashioned? Hornby, the company behind Airfix, has launched its own crowdfunding project – called, naturally, "Kitstarter". The idea behind the scheme is that if an Airfix model no longer in production gets enough backing, it will bring it back. Model fans will be able to pre-order it via Hornby's [...]
More lettings at the Cheesegrater as new TSB owner Banco Sabadell takes two floors May 29, 2015 British Land and Oxford Properties, the developers behind the Cheesegrater (aka Leadenhall Building), confirmed three new lettings across seven floors of the building – including new TSB owner Banco Sabadell. Among the new signings are insurance giant Brit, which has signed a 15 year lease to occupy 66,300 sq ft across five storeys – 16 [...]
Delays to Kings Cross train services after London Fire Brigade investigates reports of smoke – as Bank Holiday getaway begins May 22, 2015 There were delays of up to 30 minutes to trains in and out of Kings Cross Station, after the station was re-opened after it was evacuated just as the evening rush hour began. Earlier this afternoon, the London Fire Brigade said it was investigating reports of smoke coming from the building, but crews left shortly [...]
David Cameron refuses to be drawn on timeline for an EU referendum during negotiations in Riga May 22, 2015 Talks in Riga over the UK's position in Europe were merely "scratching the surface", David Cameron said today, and refused to be drawn on the timing of an EU referendum. Read more: Spencer – EU referendum must not be rushed "I will not give time lines and deadlines and a running commentary on the referendum plans," [...]
Fifties ex-council flat goes on sale in South Kensington for £1.15m May 22, 2015 We all know good things come in small packages, but this is ridiculous: a two-bedroom flat in South Kensington has become the first ex-local authority home in London to go on the market for more than £1m. Yep, for £1.15m, this 700 sq ft home can be yours. The apartment is "exquisitely refurbished", estate agent [...]
