Tech #Crunchies 2014: Uber named best overall startup of the year February 6, 2015 Uber's success drove it into first place at the tech Crunchie awards in San Francisco this morning. The taxi-app company picked up the prize for “Best Overall Startup in 2014” at the event, beating runners up GoPro and SnapChat to the title. Uber was founded six years ago and has grown over [...]
How fierce competition could be making us more self-centred February 6, 2015 Over the last 150 years, people have become more interested in themselves than in the progress of society as a whole, a new report suggests. As the job market becomes more difficult to penetrate, competition heats up and we apparently find ourselves working harder than our parents for the same returns. Perhaps unsurprisingly, [...]
Too much sweetener turns profits sour for Tate & Lyle February 6, 2015 Tate & Lyle has warned investors its full-year profits will be below expectations, after low demand for its sweeteners hurt business in the US during the third quarter. It said an influx of cheaper products from Chinese manufacturers was leading to an oversupply of its own products, and that the fall in sugar prices [...]
Tesco GCA probe: More supermarkets could be investigated, says watchdog February 6, 2015 More supermarkets could be investigated by the Groceries Code Adjudicator (GCA), a watchdog for UK businesses has warned. Yesterday, the GCA launched an examination of Tesco's relationships with its suppliers, saying it had acquired enough evidence to suggest bullying and delays in payments had taken place. Christine Tacon, adjudicator for the GCA, [...]
Here’s how UK businesses can protect themselves against a strengthening US dollar February 5, 2015 The US dollar's strength is surging against the pound and the euro – a trend that could cause problems for some UK businesses. As international confidence in the US economy intensifies, many investors have turned to the dollar as a much safer bet than its Asian or European counterparts, with China's growth slowing and [...]
Twitter’s chief executive Dick Costolo says site will start “kicking people off left right and centre” as it tackles trolls February 5, 2015 Dick Costolo, chief executive of Twitter, has admitted that the company is not doing enough to tackle harassment and abuse. "We suck at dealing with abuse and trolls on the platform and we've sucked at it for years," he wrote in an internal memo seen by The Verge earlier this week. "It's no secret [...]
Checking your partner’s index finger could tell you whether they are faithful or promiscuous February 5, 2015 There's apparently no difference between men and women when it comes to wanting multiple lovers, putting to bed popular claims that men are more likely to go out and cheat. However, you might be able to tell a person's tendency to be promiscuous from the length of their index finger relative to their ring finger. [...]
Qatar finally purchases Canary Wharf as enough Songbird shareholders approve sale February 5, 2015 The Qataris have finally got their hands on Canary Wharf, after enough shareholders in current owner Songbird approved the sale. An estimated 94 per cent of shareholders were in favour of the purchase, according to a statement by Qatar sovereign wealth fund and Canadian property fund manager Brookfield Property Partners, which will jointly own the [...]
Vodafone exceeds expectations with strong UK growth February 5, 2015 Vodafone is doing better than analysts had expected, both in the UK and beyond. The figures During the three months to 31 December, group service revenue for the UK telecoms company was £9,789m. Once merger and acquisition activity and foreign exchange rates had been accounted for, this was a 0.4 per cent decline compared [...]
Tesco faces investigation by yet another regulator over payment to suppliers February 5, 2015 Tesco has fallen under the scrutiny of yet another regulator, as a huge black hole in profits continues to raise questions about the supermarket's practices. In September last year, Tesco revealed that it overstated its group profits for the six months to 23 August by an estimated £250m, which was soon revised up to £263m. [...]
