Amazon unveils plans for 1,000 new warehouse jobs in the UK October 13, 2014 AMAZON is planning to hire 1,000 more staff to work at its distribution centres across the UK. The permanent staff will be based at Amazon’s centres in Doncaster, Dunfermline, Gourock, Hemel Hempstead, Milton Keynes, Peterborough, Rugeley and Swansea Bay over the coming months. The hiring spree will add to the 6,000 existing staff working at [...]
Veteran TV boss David Frank raises £30m to fund takeovers October 13, 2014 Former Zodiak Media boss David Frank has signed his first acquisition as part of the launch of his new media investment vehicle Dial Square 86. Frank is currently raising between £20m and £30m to fund the takeover of a number of target content businesses as he looks to build “a content group of the future”. [...]
Lending Works hires technology chief to boost leadership team October 13, 2014 ONLINE peer-to-peer lender Lending Works will today announce the hiring of Michael Raasch, its first head of technology, who spent 15 years managing software development for global banks including Goldman Sachs, Commerzbank and UBS. Lending Works is one of the rising stars of the peer-to-peer lending sector having lent out £500,000 in September. The firm [...]
EE’s Olaf Swantee: In Britain’s super-competitive mobile space growth can be the hardest game October 12, 2014 As chief executive he’s overseen two re-brandings, launched 4G in the UK and now plans to take on rivals in the living room with EE TV – but Olaf Swantee’s greatest challenges may still lie ahead Jogging through Richmond Park most mornings couldn’t be further from Olaf Swantee’s day job. The boss of Britain’s [...]
Carl Icahn says Apple share price could double as tech giant rebuffs demand for buyback October 9, 2014 Activist investor claims the iPhone-maker will soon be worth $1.2 trillion Billionaire investor Carl Icahn urged Apple’s board yesterday to use its $133bn (£82.5bn) cash mountain to buy back more shares, claiming the tech giant’s stock could soon double in value. “We believe Apple is dramatically undervalued in today’s market, and the more shares [...]
£13.4bn raised in City listings October 9, 2014 BUSINESSES wanting to raise capital are increasingly looking to the London stock market, with the total funds raised from initial public offerings (IPOs) during the first nine months of 2014 reaching £13.4bn, according to research released today. The figure is nearly triple the £4.7bn raised in the same period in 2013, according to PwC’s IPO [...]
EE hopes TV will spur broadband sign up growth October 8, 2014 The chief executive of Britain’s biggest mobile operator is hoping TV will unlock a new growth story for EE. Yesterday, the telecoms giant unveiled a TV offering in a move that would send a warning shot across the bows of rivals BT, Sky, TalkTalk and Virgin Media which have fought between themselves over who has [...]
Mobile operator Three hit with £250,000 fine over complaints October 8, 2014 BRITAIN’S fourth largest mobile network, Three, has been hit with a £250,000 fine by the telecoms watchdog for failing to handle customer complaints correctly. Ofcom said Three had not handled complaints in a fair and timely manner, and left customers unaware they were able to raise their cases with an independent service. “The fine imposed [...]
August slowdown dampens sales but Marston’s remains on track October 8, 2014 MARSTON’S pub chain and brewer yesterday said it expected 2014 profit to be broadly in line with expectations, and added it would build at least 25 new managed pub-restaurants in the new financial year. In a full year trading update to 4 October Marston’s full-year underlying sales at its core managed pubs were up 3.1 [...]
London’s firms fume over poor mobile service October 7, 2014 Coventry, Manchester and Birmingham are beating the capital for mobile network performance, with faster data speeds and fewer dropped calls, leaving London trailing in fifth place according to new research published today. The data, from leading mobile analytics firm RootMetrics, will disappoint businesses that rely on robust mobile networks in London to power commerce and [...]
