Paint brand Dulux embraces the technology world with new app September 16, 2015 PAINT brand Dulux is the latest company to ride the digital wave, as it launches an improved version of its app next month that lets consumers see how any colour would look in their very own living space. Ruud Joosten, executive committee member responsible for decorative paints at parent company AkzoNobel, told City A.M. that [...]
Ocado leaves investors in suspense but insists overseas deal imminent September 16, 2015 INVESTORS hoping that Ocado would announce its long-awaited contract with an international partner were left disappointed yesterday – despite the company insisting that a deal was imminent. “We’re still targeting to sign one this year,” chief financial officer Duncan Tatton-Brown said, adding the company was in muliple discussions with potential partners. Ocado’s shares, which have [...]
Weaker French demand weighs on Kingfisher September 16, 2015 SHARES in Kingfisher took a hit yesterday after the B&Q and Castorama owner said weaker-than-expected demand in France offset a stronger sales performance in Britain. The DIY giant, which also owns Brico Depot and Screwfix, said adjusted pre-tax profits fell by 2.3 per cent to £384m in the six months to 1 August, blaming adverse [...]
Jeremy Corbyn’s betting odds: It was YouGov research wot shifted the dial on the Labour leaderership election September 16, 2015 Forget the old chestnut: “If you really want to know what is going to happen just look to the betting odds. Money is smarter than pollsters.” So when the next person trots out the tired old arguments about “the wisdom of crowds”, point them to Jeremy Corbyn’s victory in the Labour leadership contest. [...]
London turns to Rugby World Cup 2015 to beat the blues September 16, 2015 Judging by the weather, summer is well and truly behind us. Now, Londoners are itching to start talking scrummages; as the Rugby World Cup is due to begin on Friday, the City is kicking things off with a whole host of rugger-centric events and deals. First, TfL announced yesterday that it will be teaming [...]
London is the top destination for overseas technology workers September 16, 2015 London is the most popular destination in Europe for technology jobs as the UK digital economy continues to grow. A new set of data from jobs site Indeed shows that 3.4 per cent of all overseas jobs searches are for London specifically, with the figure rising to 8.2 per cent for tech jobs. Nearly one-third [...]
Boff: Rent caps will cut housing supply by 50k September 16, 2015 A CONSERVATIVE City Hall hopeful has attacked Labour proposals for rent controls, saying such market interventions would reduce rental revenues and ultimately cut into the capital’s housing supply. Sadiq Khan – who was picked as the Labour party’s candidate for mayor of London last week – has pledged to “push the government to give the [...]
ARM share price rises after sales of new Apple iPhone 6S and Morgan Stanley note September 16, 2015 Chipmaker Arm Holdings yesterday saw its share price rise almost 3.5 per cent, helped by news of strong first-weekend Apple iPhone sales, and by recommendations from brokers including Morgan Stanley. Yesterday was the the first analyst day for new chief financial officer Chris Kennedy, who was poached from easyJet. Morgan Stanley noted that ARM has [...]
Motor insurer’s IPO could ignite the market September 16, 2015 Hastings’ float is putting the spark back into personal lines THE PERSONAL lines insurance market has been the less sexy relation to its commercial cousins in recent months. Zurich and RSA are dancing around the idea of a union, following the marriage of Aviva and Friends Life, not to mention XL Group’s successful play for [...]
S&P: Politics of refugee crisis poses big risk September 16, 2015 THE RECORD surge of refugees into Europe is unlikely to hurt the economies of EU countries. However, European leaders’ inability to find “co-operative solutions” to the crisis could have long-term consequences for their sovereign debt ratings, a leading credit agency has said. In a new note, Standard & Poor’s says that an “elusive compromise could [...]
