Warren Buffett: I’d pick my iPhone over my airplane August 31, 2018 People should be taking better care of their iPhones, if billionaire Warren Buffett is to be believed. The business magnate said in an interview yesterday that he would prefer to have his iPhone over his private jet. Despite the $999 (£770) iPhone X being the most expensive smartphone Apple has produced, he claimed the device [...]
Stephen Kelly quits Sage, sending share price tumbling August 31, 2018 Sage chief executive Stephen Kelly has agreed to step down from his position after discussions with the board. Kelly, who joined the accounting software firm in 2014, has vacated his director and chief executive roles effective immediately on the back of lower-than-expected growth. Read more: Deustche Bank advises investors to sell Sage stock The company [...]
Three-day weekend strike affecting South Western Railway services begins August 31, 2018 A strike on South Western Railway (SWR) services started overnight, and is due to last all weekend, causing disruption to commuters. The three-day strike started at midnight Friday and runs until midnight Sunday, leaving SWR running a reduced service across all routes save its island line to the Isle of Wight. It affects lines from [...]
Caffeine high: Coca-Cola to buy Costa from Whitbread in £4bn transaction August 31, 2018 Coca-Cola is set to buy high street coffee chain Costa for £3.9bn. The fizzy drink giant wants to add coffee to its drink line up, and has moved for Costa following owner Whitbread’s announcement earlier this year that it intends to spin the hot drink business off. Whitbread, which bought the chain for just £19m [...]
Claim-hit Wonga stops taking loan applications as it ‘considers its options’ August 30, 2018 Wonga appeared to be on the verge of folding this morning, as it made the decision to stop taking new loan applications. The payday lender told customers that it “continues to assess its options” in the wake of a huge number of compensation claims that led to shareholders providing an emergency £10m earlier this month. [...]
WH Smith trading update: Airport sales keeps retailer’s shares aloft August 30, 2018 Airport passengers shopping for a holiday read helped boost WH Smith in the 12 months to the end of August, it said today, as it delivered a trading update on its full-year results. The retailer, voted the UK’s worst high street store earlier this summer, teased its latest results ahead of their official release on [...]
Lender Amigo hails surging revenue but profits count the cost of IPO August 30, 2018 Amigo witnessed a 50 per cent leap in sales across the first quarter of its new financial year, but its share price remained flat as the costs of its recent stock market float impacted profits. The figures The lender reached £62.9m revenue for the three months to the end of June, a whopping 47 per [...]
O2 customers can choose the length and upfront costs of their mobile phone contracts August 29, 2018 Mobile phone users are to be offered greater freedom over the terms of their contracts by O2. The mobile operator will allow customers to choose what data plan they want, and how much they pay upfront as well as how much their monthly payments amount to. Read more: Hackers steal T-Mobile customers’ personal data People [...]
British Gas pays out £2.65m after misleading and overcharging customers August 29, 2018 British Gas has been forced to pay out £2.65m after wrongly charging almost 100,000 customers a higher rate and falsely telling millions that they had to pay to exit their fixed deals early. Regulator Ofgem found that the energy provider gave 2.5m customers inaccurate terms and conditions that said that exit fees were payable during [...]
Revealed: The skills that will get you jobs with the highest salaries August 28, 2018 Automation isn’t just putting lower-earning jobs at risk; it’s a threat to higher-earning roles too. While AI is putting the likes of customer service agents’ roles are under threat , the technology could replace up to half of banking jobs too, according to Barclays’ former boss Antony Jenkins. Read more: Technology could replace half of [...]
