By: Lynsey Barber

I'm City A.M.'s award-winning technology editor, covering everything from happenings at Apple and Google to the latest London startup. In particular fintech, blockchain, artifical intelligence, driverless cars, virtual reality and the sharing economy get me out of bed in the morning. I'm always trying to illustrate stories with pictures of dogs. Sometimes with some success. I was named technology journalist of the year at the UK Tech Awards.

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What businesses will Tesco sell after ruling out a rights issue to raise cash?

October 23, 2014

Tesco may be in dire straits, but a rights issue was ruled out by chief executive Dave Lewis this afternoon. Rather, the team will look “to extract value” from the business, most likely by selling off some of its non-core business assets. The supermarket sells much more than just groceries after embarking upon a rapid [...]
Tesco boss Dave Lewis in video interview says “We’ve got to be a little bit disappointed”

October 23, 2014

Tesco boss Dave Lewis has taken to YouTube to talk about the supermarket’s troubles after posting a 91.9 per cent drop in profits and a £263m profit understatement. “We’ve got to be a little bit disappointed," said Lewis, erring towards an understatement rather than overstatement this time. “It’s fair to say it’s been a challenging [...]
The good, the bad and the ugly: What the analysts say about Tesco

October 23, 2014

It’s another dark day for Tesco. The supermarket's estimated £250m profit black hole was even larger than expected at £263m, £70m of which came prior to the period it initially identified as problematic. Profits collapsed 91.9 per cent as it took the hit of the accounting error, it completely ditched its forecasts, cash flow was [...]
Who will replace Tesco chairman Richard Broadbent: Runners and riders

October 23, 2014

Wanted: Heavyweight to lead a City institution. Must be good with numbers and new people. Retail knowledge preferred. Must be willing to have difficult conversations, understand customers and be confident in implementing new strategies. Hobbies should include "brand archeology". It’s a tough job. Is there anyone who would want to fill chairman Richard Broadbent’s shoes [...]
Facebook’s £3,169 UK corporate tax bill in 2013 was less than a zone 1-9 yearly London travelcard

October 22, 2014

Facebook’s corporate tax bill for 2013 came in at just £3,169 last year, according to its latest accounts. It paid less than London commuters pay for a yearly zone one to nine travelcard (£3,256) by basing its European headquarters in tax-favourable Ireland, and using a tax loophole known as the “Double-Irish”. The social network paid the [...]
Tesco share price wobbles ahead of results: Here’s how the last four weeks unfolded after that profit overstatement

October 22, 2014

Tesco’s share price opened slightly higher this morning but then dipped 1.3 per cent after a two day rally. It's a slight waiver after the supermarket made steady gains this week, with a 2.7 per cent rise on Monday and 3.5 per cent on Tuesday. It signals a positive start to the week in which [...]
British Airways pairs music and menus to make airplane food taste better with Lily Allen, Paolo Nutini and Coldplay playlist

October 22, 2014

Foodies and music fans will enjoy British Airways' latest efforts to make the experience of flying a little less painful. After its seven-hour train film to settle sleepless passengers, as well as its “happiness blanket”, comes the “Sound Bite”. That’s the pairing of music with food menus in a way that is designed to improve the [...]
British Airways flight menu and music plylist

October 22, 2014
Three things to look out for from Tesco’s results tomorrow – other than the numbers

October 22, 2014

When Tesco publishes its first-half results tomorrow, including an update on its investigation into an expected £250m profit black hole, all eyes will be on the numbers. Initially, investors will look for the specifics of exactly how much profits were "overestimated" by, and what effect it has on the supermarket's previously reported profits and future [...]
SuperGroup share price slides as former Co-op boss Euan Sutherland replaces Julian Dunkerton as chief executive

October 22, 2014

The former boss of The Co-operative Group, who jumped ship from the troubled company he once called "ungovernable" in March after only 10 months in charge, has been named the new chief executive of Supergroup. Euan Sutherland will replace Julian Dunkerton, the man who founded the group’s fashion brand SuperDry, who becomes product and brand director. [...]

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By: Lynsey Barber

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