It’s happening: Majestic Wine is now offering next-day delivery October 31, 2016 It may be a little early in the morning to raise a toast, but wine lovers everywhere can certainly tip their hats to Majestic Wine, which today unveiled plans to offer next-day delivery on more than 1,250 wines – including 400 fine wines. The company said it will now offer click and collect and named and [...]
Brexit scare stories are haunting the City October 30, 2016 The cobwebs falling from the windows of pubs and shops in the City are much more likely to be Halloween decorations than an indication that businesses have abandoned the Square Mile in the wake of Brexit. Nevertheless, post-referendum scare stories hang thick in the air. Project Fear takes on a new meaning at this time [...]
Property Entrepreneurs: London-based tech start-up Virtual Walkthrough has gone global after buyout by US firm Matterport October 28, 2016 You know you’re onto something when the big guys start taking an interest. And for James Morris-Manuel of Virtual Walkthrough, the last few months have seen proof that his concept of walking people through building interiors has reached the big time. Morris-Manuel has just sold his business to larger US company Matterport. The move means [...]
BHS has launched its first clothing range since undergoing an online makeover October 28, 2016 It's that moment we've all been waiting for. No, not the latest development in the Frank Field MP vs. Sir Philip Green feud, as exciting as that has been so far. But the unveiling of BHS' first clothing range, since the retailer moved online. It's starting by rolling out a small number of women's and [...]
Employee rulings in New York and London to have “staggering” impact on the likes of Amazon and Uber October 28, 2016 Amazon has agreed to stump up $100,000 (£82,000) in back-pay to a New York delivery driver whose wage packet was deducted for lunch breaks he didn’t manage to take. In a ruling many American delivery contractors will welcome coming up to Christmas, the state attorney general said the settlement will mean short-term workers are entitled to receive [...]
Big ticket purchases help shore up consumer confidence October 28, 2016 Consumer confidence is still holding steady following the EU referendum, defying expectations of a freeze in spending. The GfK consumer confidence index, out today, came in at minus three in October, down slightly from minus one last month, but holding well above the minus nine recorded in the weeks immediately after the vote. GfK also found [...]
Amazon’s share price slumps on disappointing results October 27, 2016 Amazon's shares have sunk in after-hours trading as the company posted a disappointing quarterly profit. The e-commerce giant's shares were down 6.8 per cent. It said its net income rose to $252m (£207m) from $79m a year before. But, at 52 cents per share, Amazon's income was less than expected. According to Reuters, analysts' average [...]
It’s time to celebrate the human side of the hedge fund industry October 27, 2016 Last year, I found myself in a room full of grown men and women who were moved to tears by an unassuming woman with a powerful message. This brave mother recounted her young son’s battle with cancer and how his nurses and doctors ensured that no Christmas was left uncelebrated for the three years the [...]
Fears for London IPO market as Misys and O2 pull 2016 float plans October 27, 2016 London’s stuttering initial public offering (IPO) market suffered more blows today as Misys pulled plans for a float and Telefonica said late on Wednesday it would not be listing O2 this year. City sources fear that, with investors spooked by Brexit uncertainty, it appears likely that other large deals will be abandoned or pushed back. Tech [...]
Now Tube workers on the Piccadilly line are voting on strikes October 27, 2016 The Rail, Maritime and Transport (RMT) union has been busy. Yesterday it announced it was balloting Southern Rail drivers over the long-running dispute on the role of guards, and 3,500 London Underground staff following a security incident at North Greenwich Tube station. The union said the incident had put safety "back at the top of the agenda". Read [...]