The digital nomads: How to pack a suitcase and start a new life working from abroad January 25, 2018 Who among us hasn’t dreamed of jacking in their day job to trade forex from a laptop in Malibu or open a beach bar in Thailand? You might have read The 4-Hour Work Week by Tim Ferriss and asked why you haven’t yet “escaped the nine-to-five to live anywhere and join the new rich”. I [...]
Tesco announces it is cutting 800 UK jobs January 22, 2018 Tesco is cutting 800 jobs within the business in a bid to simplify its operations. The UK’s biggest supermarket is removing all people managers and compliance managers from its large stores and fulfilment centres, and is removing its customer experience managers. Read more: Tesco “outperforms market” with Christmas sales rise As a result of the [...]
Troubles at Steinhoff prompt private equity bidders Advent, Apax, Bain, CD&R, CVC and KKR to circle Poundland January 21, 2018 Speculation over the future of Poundland has attracted a pack of prospective private equity bidders ready to snap up the discount retailer. Buyout giants including Advent International, Bain, Clayton Dubilier & Rice, CVC and KKR are sniffing around the company in the expectation that it might soon be sold by its disgraced South African parent [...]
Amazon share price opens higher as Prime membership cost increases January 19, 2018 Amazon Prime customers in the US will now have to pay $12.99 (£9.37) a month for the service after the tech giant bumped up prices from $10.99. Shares in the company opened up more than one per cent. Students members will also face a monthly price rise of one dollar to $6.49. But users who [...]
Carillion rival Laing O’Rourke is late filing its figures, is it another major contractor we should be concerned about? | City A.M. January 19, 2018 Pinning down the finances of private companies can be a tricky task for City stakeholders. Public companies, however, are mandated to keep investors and other interested parties entertained with a steady stream of financial updates. When it comes to filing financial statements – the audited figures upon which financiers hang their hats – listed firms [...]
Interiors: Lykke is set to be the Scandi trend of 2018, but what is it, how do you say it and what does it mean for my dining table? January 19, 2018 Copenhagen is not only one of the world’s style capitals, it’s home to the Happiness Research Institute. CEO, Meik Wiking, finds out and measures what happiness is and generates more of it. We know him as the author of The Little Book of Hygge in which he shares the Danes’ love of cosy – winter [...]
Bloodbath: Bonmarche, Carpetright and Dignity share prices plummet more than 20 per cent January 19, 2018 Shares in two of the UK’s largest companies fell more than 40 per cent this morning, after they put out disappointing trading updates. Carpetright fell 44.1 per cent to 90p in early trading, while Dignity shares lost 51.3 per cent, falling to 933.5p. Meanwhile retailer Bonmarche also plummeted by 24 per cent to 96.1p in [...]
Carpetright share price drops nearly 50 per cent as it warns profits will be “significantly” lower January 19, 2018 Troubled retailer Carpetright has slashed its full-year profit expectations after a “sharp deterioration” in UK trading. Shares in the firm dropped more than 48 per cent to 85p at the market open. UK like-for-like sales dropped by 3.6 per cent in the period due to lower customer footfall, the company said in a gloomy trading [...]
More restaurant chains could close stores after poor Christmas sales January 19, 2018 Christmas trading was disappointing at Britain’s restaurant and pub groups, with sales slightly down on 2016. Like-for-like sales declined 0.1 per cent against the previous year’s festive period, according to the Coffer Peach Business Tracker. Drinks-led businesses fared better than restaurants and gastro pubs, with drinks sales up 1.8 per cent across pubs while food [...]
Bank of England says Brexit trade deal including the City is possible but warns of tensions with EU over investment banks January 16, 2018 A post-Brexit free-trade deal with the EU which includes financial services could be completed in three years, according to the Bank of England’s chief banking regulator, countering the view of the EU’s chief Brexit negotiator, Michel Barnier. Sam Woods, the Bank’s deputy governor in charge of the Prudential Regulation Authority, said it is “plausible” that [...]