Equities rally again: The Dow Jones just hit another all-time high – but the FTSE 100 has fallen back November 14, 2016 The Dow Jones industrial average leaped to 18,904 points in early trading in New York today, smashing its previous record of 18,857. Meanwhile, across the pond, trading was also encouraging – although slightly less encouraging than it was earlier, after the FTSE 100 slid to 6,752 points, down from 6,811 earlier. It was still in [...]
Arm’s former chairman is back, and this time at a startup November 14, 2016 The former chairman of ARM, who led its sale to SoftBank for billions of pounds in one of the biggest deals of the year, has joined a startup. Stuart Chambers will join London-based adtech startup Ve Interactive as non-executive chairman just weeks after the Arm-SoftBank deal closed. "I have rarely come across a company which is as rich [...]
Good morning at the races: William Hill shares and profit forecasts up November 14, 2016 Bookmaker William Hill’s share price jumped two per cent this morning as it named three new non-executive directors and raised its profit forecast. The figures Full-year operating profit is now expected to come in at the top end of previous guidance of £260-280m. William Hill said its online business has returned to growth, with net [...]
Fraud squad eyes end of Tesco investigation November 13, 2016 The fraud squad is expected to announce within weeks what its next steps for Tesco will be, as it wraps up its investigation into the black hole in the retailer's accounts. The Serious Fraud Office (SFO) launched its probe into the supermarket giant's accounting practices in October 2014, and brought charges against three individuals, Carl Rogberg, [...]
Christmas adverts rated: Which retailer has made the best ad of 2016? November 12, 2016 Argos A gang of multicoloured yetis on ice skates stealing unattended electrical items from a pleasant-looking neighbourhood. Does anything say ‘come and visit our store’ less? ★☆☆☆☆ Aldi Good-looking food. But the poor carrot, Kevin, who we become attached to in this one-minute advert, is surely destined to meet an unfortunate ending. ★★★☆☆ Ebay Definitely [...]
Black Friday: Rumours, deals and speculation at retailers including Amazon, Argos and Tesco November 11, 2016 Ah, Black Friday. It may have started as an American tradition – but in recent years it's become more British than watching the Queen's speech while wearing a jauntily-angled Christmas cracker hat. This year, Black Friday falls on 25 November. But sharpen those elbows, people, because the Black Friday 'period' begins NEXT WEEK. Here's what retailers [...]
Tesco Bank fraud tars UK financial image, warns home secretary Amber Rudd November 10, 2016 Scandals like the recent cyber attack on Tesco Bank risk damaging the UK's prized financial reputation, the home secretary has warned today. Speaking at a conference hosted by the Financial Conduct Authority (FCA), Amber Rudd cautioned that public confidence in financial institutions was rocked when such incidences occurred and the government saw cyber crime as a [...]
All the important non-Trump news you need to know November 9, 2016 It's not all about Donald Trump beating Hillary Clinton to the White House, even though it might feel that way right now. Here's our round up of the latest non-election news you need to know. A tram crashed in Croydon Several people have been killed after a tram derailed in Croydon. The driver has been arrested [...]
Don’t be fooled by the Tesco Bank hack – Hackers are more likely to go after firms outside of financial services November 9, 2016 Despite the recent high profile hack on Tesco Bank, cyber criminals are increasingly unlikely to target financial services firms. The Tesco Bank attack – branded unprecedented by top regulators – runs against the trend for hackers to focus on non-banks with lower levels of cyber security, City law firm RPC has warned. According the law firm data [...]
Sainsbury’s like-for-like sales fell for its first half, but statutory profit is up November 9, 2016 Sainsbury's like-for-like sales excluding fuel fell by one per cent in the its first half as the supermarket faces an uphill struggle to entice customers through its doors. The company eked out more profit however. Sainsbury's share fell at the open, ditching almost five per cent after it warned second half underlying profit is expected [...]