Ocado’s warehouse robots help it boost third quarter revenue September 18, 2018 Online grocer Ocado today revealed rocketing revenue in its third quarter, driven by a growth in orders and improved capacity at its robotic warehouses. The figures It grew revenue by 11.5 per cent to £348.6m in revenue over the three months to the start of September. Read more: Asda to end price guarantee scheme in [...]
Jaguar Land Rover moves factory to three-day week amid industry ‘headwinds’ September 17, 2018 Jaguar Land Rover (JLR) has opted to move one of its factories to a three-day week, citing industry headwinds caused by Brexit and the transition away from diesel. The car maker said its decision to reduce output at its Castle Bromwich facility in Birmingham would last until Christmas after paring production to match market demand. Read [...]
Jaguar Land Rover moves factory to three-day week amid industry ‘headwinds’ September 17, 2018 Jaguar Land Rover (JLR) has opted to move one of its factories to a three-day week, citing industry headwinds caused by Brexit and the transition away from diesel. The car maker said its decision to reduce output at its Castle Bromwich facility in Birmingham would last until Christmas after paring production to match market demand. Read [...]
Housebuilder MJ Gleeson beats housing market blues as profits swell September 17, 2018 Housebuilder MJ Gleeson hailed a rise in profits for its full financial year, crediting it to a growing demand for low-cost homes in the Midlands and the north of England. The figures Profits before tax grew 12 per cent to £37m in the 12 months to the end of June, compared to the same period [...]
Housebuilder MJ Gleeson beats housing market blues as profits swell September 17, 2018 Housebuilder MJ Gleeson hailed a rise in profits for its full financial year, crediting it to a growing demand for low-cost homes in the Midlands and the north of England. The figures Profits before tax grew 12 per cent to £37m in the 12 months to the end of June, compared to the same period [...]
Salesforce founder Marc Benioff buys Time magazine for $190m September 17, 2018 Salesforce founder Marc Benioff and his wife are buying Time Magazine in a $190m (£145m) cash transaction. Benioff, whose personal wealth is estimated at $6.7bn, and his wife Lynne are buying the iconic brand from current owner Meredith Corporation in a personal purchase unrelated to Benioff’s sales software company. The billionaire couple won’t be involved [...]
Salesforce founder Marc Benioff buys Time magazine for $190m September 17, 2018 Salesforce founder Marc Benioff and his wife are buying Time Magazine in a $190m (£145m) cash transaction. Benioff, whose personal wealth is estimated at $6.7bn, and his wife Lynne are buying the iconic brand from current owner Meredith Corporation in a personal purchase unrelated to Benioff’s sales software company. The billionaire couple won’t be involved [...]
Nationwide vows to keep branches open as it spends £1.3bn on digital growth September 15, 2018 Nationwide has vowed not to be the second bank to fall victim to an IT disaster this year as it unveiled a £1.3bn technology upgrade today. Chief executive Joe Garner said there would not be one “big bang” change as it moves to a new digital platform, adding that the investment won’t come at the [...]
Nationwide vows to keep branches open as it spends £1.3bn on digital growth September 15, 2018 Nationwide has vowed not to be the second bank to fall victim to an IT disaster this year as it unveiled a £1.3bn technology upgrade today. Chief executive Joe Garner said there would not be one “big bang” change as it moves to a new digital platform, adding that the investment won’t come at the [...]
Former Trump campaign manager Paul Manafort to plead guilty to Mueller charges September 14, 2018 US President Donald Trump’s former campaign manager Paul Manafort has agreed to plead guilty to two criminal charges. Manafort will admit two counts in special counsel Robert Mueller’s investigation, one count of conspiracy against the US and another of conspiracy to obstruct justice, Reuters reported today, citing court documents. He previously faced charges of money laundering, [...]
