Amazon eyes West End location for flagship checkout-free supermarket December 10, 2018 Amazon is reportedly planning to open a checkout-free store in the West End as the tech giant looks to expand its supermarket concept to the UK. The online retailer is eyeing up sites near Oxford Circus for a flagship Amazon Go store, according to reports in the Sunday Telegraph. Amazon is looking for sites between [...]
Footfall takes a tumble as online retailers snap up Black Friday business December 10, 2018 Footfall slumped for the twelfth consecutive month in November as brick and mortar stores saw their Black Friday business snapped up by online competitors. Footfall in the UK fell by 3.2 per cent last month, a significant decline from the 0.2 per cent growth seen in the same period last year, according to retail data [...]
Bank of England slammed over secret Venezuelan gold summit December 6, 2018 The Bank of England (BoE) has come under fire following reports of a clandestine meeting with senior representatives of Venezuelan dictator Nicolas Maduro. The BoE is due to meet high-ranking Venezuelan officials in London tomorrow to discuss the return of gold worth $550m stored in the bank’s vaults, according to sources. Today it emerged MP [...]
Volatile day for stocks after Huawei executive’s arrest sparks trade fears December 6, 2018 US stocks closed down today despite fierce fightback in the final hours of trading as the arrest of a top Chinese executive sparked a volatile day of trading. The Dow Jones fell more than 500 points at one point after the arrest of Meng Wanzhou, chief financial officer of telecoms giant Huawei, reignited fears about [...]
Gambling firms see shares drop amid reports of TV advert ban December 6, 2018 Shares in major gambling firms took a hit today following reports of a ban on advertising during live sports events. Paddy Power, Bet365 and Ladbrokes are among major bookmakers that have reportedly agreed to a ban on TV adverts during sports broadcasts amid fears aggressive marketing campaigns are fuelling the UK’s gambling problem. Shares in [...]
Thomas Cook shares plummet further as volatile travel firm’s misery continues December 6, 2018 Shares in Thomas Cook tumbled more than 13 per cent today as the travel agency reels from profit warnings and debt concerns. The fall wipes out gains made yesterday, when the company clawed back recent losses of nearly 60 per cent. During a turbulent few weeks Thomas Cook has seen its shares fall to their [...]
‘Front end’ of company reports do not meet auditing standards, says regulator December 6, 2018 Auditors’ work on non-financial information in company reports does not meet auditing standards, a new report has found. A report published today by the Financial Reporting Council (FRC) said auditors are often not doing enough to support statements made in the ‘other information’ section of company reports. The ‘other information’ section, also known as the [...]
Ogilvy names Piyush Pandey as new chief creative officer December 5, 2018 Ogilvy has appointed Piyush Pandey as its new chief creative officer following the dismissal of Tham Khai Meng over misconduct allegations. Pandey is currently the advertising agency’s chairman in India and has served at the company for over 30 years. He will retain his current duties in Mumbai and take over the new role on [...]
UK investors warn tech giant regulation could harm startups December 5, 2018 UK investors are concerned legislation aimed at tech giants could have a damaging impact on startups, a new survey has revealed. A report published by the Coalition for a Digital Economy (Coadec) found 86 per cent of UK investors believe the principle of designing policy and legislation to target global giants could inadvertently hurt tech [...]
Crossrail boss Terry Morgan resigns after Sadiq Khan spat December 5, 2018 The chairman of Crossrail and HS2 has resigned from both roles following a dispute with mayor Sadiq Khan over delays and spiralling costs. Terry Morgan admitted last week he expected to be sacked amid rising costs and opening delays to both the Crossrail and HS2 projects. Morgan, who has led Crossrail for almost a decade, [...]
