Saving throwaway data August 11, 2013 SOME of the City’s shiny recycling bins are collecting more than just your well-thumbed copies of City A.M. Experiments by Renew, the firm behind the bins and their network of 200 digital screens, used some units on Cheapside this June to track the City’s smartphones. The Renew Orb technology used Mac codes to capture the [...]
Jaguar Land Rover poised to boost workforce August 11, 2013 LUXURY carmaker Jaguar Land Rover (JLR) could create hundreds of new jobs on Merseyside as part of its ambitious £2.7bn investment programme this year. The company is thought to be on the verge of announcing up to 1,000 new positions at its Halewood plant in Liverpool thanks to soaring demand for its Range Rover Evoque [...]
Bundesbank says Greece will need extra aid by early 2014 August 11, 2013 GERMANY’S central bank expects that Greece will need additional rescue loans from its European partners by the start of 2014 at the very latest, weekly magazine Der Spiegel reported yesterday, citing a document from the Bundesbank. The report could rekindle a debate in Germany about whether Chancellor Angela Merkel is playing down the prospects of [...]
First Chinese merchant ship sails for Europe through Arctic Ocean August 11, 2013 CHINESE media have announced that a cargo ship is travelling to Europe through the Northeast Passage in the Arctic Ocean, a much shorter trade route, for the first time. The vessel, from Cosco Shipping, is predicted to arrive at the Bering Strait in two weeks, before travelling westward over Russia, and towards Europe. The group [...]
Theo Paphitis irons out losses at Robert Dyas August 11, 2013 ROBERT Dyas, the electricals and hardware chain, has seen sales and profits jump in its first set of annual results since it was bought by the former Dragons’ Den star Theo Paphitis. Pre-tax profits soared to £3.15m in the year to 30 March from £186,000 the previous year, accounts filed last week at Companies House [...]
Boris Bikes set to get harder to find as staff stage two-day strike August 11, 2013 BORIS Bike workers last night began a 48-hour strike over pay and conditions, in a move that is set to reduce the number of cycles available on London’s streets. Around 150 staff have refused to work until 9pm tomorrow, meaning there will be fewer drivers to move bikes to areas with high demand. “Staff running [...]
Italian delicatessen La Bottega ready for expansion in London August 11, 2013 UPMARKET Italian deli La Bottega is set to expand in London after getting a £2m investment from a fund run by private equity veteran Peter Dubens. The chain, which currently has six sites in Belgravia, Chelsea, South Kensington, Ryder Street, Berners Street and Pont Street, is in line for £960,000 of new equity and a [...]
Spain may ask United Nations for Gibraltar support August 11, 2013 SPAIN may take its row with Britain over the disputed territory of Gibraltar to the UN, stepping up its actions in the conflict, a diplomatic source said yesterday. Centuries of friction over Gibraltar flared up this month after Spain complained that an artificial reef being built by Gibraltar would block fishing vessels. Taking the matter [...]
CRH eyes stake in Indian firm August 11, 2013 Irish firm CRH, one of the world’s largest building materials providers, is set to buy a controlling stake in India’s Sree Jayajothi Cements for between $250m and $300m, two sources with direct knowledge of the matter said. Sree Jayajothi Cements, a unit of India’s Shriram Group, has a 3.2m-ton cement plant in the southern Indian [...]
Blejer tipped for Israel bank post August 11, 2013 A former head of Argentina’s central bank Mario Blejer has emerged as a top candidate to run the Bank of Israel after two nominees dropped out in an embarrassment to Prime Minister Benjamin Netanyahu. Blejer, 65, worked in senior positions at the IMF and World Bank before a brief stint as president of Argentina’s central [...]
