Intel shares rise as chipmaker replaces chief executive January 13, 2021 Shares in Intel pushed higher this afternoon after the tech giant said it was replacing chief executive Bob Swan following a string of manufacturing missteps. Swan, who has held the top job for just two years, will step down on 15 February and will be replaced with Pat Gelsinger, currently chief executive of software group [...]
Boris Johnson vows to reimburse fishermen hit by Brexit ‘teething problems’ January 13, 2021 Boris Johnson has vowed to reimburse Scottish fishermen facing post-Brexit disruption and said current difficulties were only “teething problems”. The Prime Minister told a Westminster committee today that he understood “the frustrations of the fishing community” and that it will only be “a temporary frustration”. British seafood exporters have been hit by two weeks of [...]
Culture secretary: EU ‘let down music’ over post-Brexit touring visa January 13, 2021 The EU is to blame for “letting down music on both sides of the Channel” over a failure to grant visas to touring artists, the culture secretary has said. Oliver Dowden today insisted that the government “fought to get a good deal for British music” but the EU had turned it down “repeatedly”. “It did [...]
Brits put Dry January on ice as alcohol sales boom in first week of latest lockdown January 13, 2021 Brits have seemingly given up on Dry January this year as supermarket alcohol sales have soared in the first week of lockdown. The month-long stint of alcohol abstinence has been put on hold for many people, according to the latest Waitrose sales figures. The grocer said wine sales are up 27 per cent and beer [...]
Trump riots: Which Wall Street banks and tech titans have paused political donations? January 13, 2021 The violent riots at the Capitol last week have cast a shadow over American democracy and raised questions over US President Donald Trump’s fitness to hold office. But the shocking insurrection, in which five people died, has also sent shockwaves through the business world. A host of US companies, including Wall Street banks and Silicon [...]
Airbnb cancels all Washington bookings during Biden inauguration January 13, 2021 Airbnb is cancelling all reservations in the Washington DC area during the week of Joe Biden’s inauguration amid concerns about further violence. The holiday rental site said all existing reservations will be cancelled, including those made on its Hotel Tonight subsidiary, and any new bookings will be blocked. Airbnb said guests and hosts will be [...]
JD Sports in talks with Authentic Brands over potential Topshop bid January 13, 2021 JD Sports is reportedly in talks with Authentic Brands, the US owner of Barneys department store, about a potential bid for Topshop following the collapse of Sir Philip Green’s retail empire Arcadia. The firms are in early-stage discussions about a partnership, which would see JD Sports running the operations of an Authentic Brands-owned Topshop, Sky [...]
FTSE 100 and Wall Street flat in subdued day for markets January 13, 2021 The FTSE 100 was flat by the mid afternoon as markets slipped into a lull after a rapid start to the year. After rising 6.4 per cent last week, London’s leading index has faltered this week with two consecutive sessions of losses. By 3pm the bourse was down 0.05 per cent at 6,751 points. The [...]
London health startup Cera to create 5,000 jobs in expansion drive January 13, 2021 London health startup Cera is set to hire 5,000 new employees as it looks to double its headcount this year. Cera, which uses AI to provide in-home care, said it is recruiting data scientists and analysts, software engineers, IT professionals and operational and logistical staff, as well as frontline care workers. The company said its [...]
How retail can survive in a post-Covid world January 13, 2021 This has been a momentous year for us all. The retail sector has been at the forefront of many of the changes and challenges that have arisen as a result of Covid. While physical stores have spent much of the year closed, the pandemic has driven innovation and fuelled a huge acceleration in what were [...]
