Currys PC World launches flexible mobile plan amid brand overhaul August 23, 2021 Currys PC World is looking to win over customers with a focus on flexibility as it launches a new mobile offering amid a major brand overhaul by owner Dixons Carphone. The retailer today unveiled a new mobile offer allowing customers to build their own package of handsets, data and minutes, as well as bundling together [...]
Workers of the world unite! How the post-pandemic recovery is increasing the bargaining power of labour August 23, 2021 More than 114 million people lost their jobs over 2020, according to the International Labor Organization. Even more saw their working hours and wages cut. The worst affected industries were accommodation and food services where global employment declined by over 20%, followed by retail. These sectors were particularly hard hit by lockdowns, forced closures and plummeting tourism. Women and younger workers were badly affected. You could be [...]
Ocean Outdoor lands £30m Canary Wharf advertising contract August 23, 2021 Advertising group Ocean Outdoor has secured a lucrative contract to operate out-of-home media services for Canary Wharf Group. London-listed Ocean has renewed its deal to run digital screens and billboards in the financial hub, landing a new long-term contract worth £30m. The agreement means the company will retain exclusive rights to sell 40 full-motion digital [...]
Morrisons’ messy and dramatic takeover battle: Where are we now? August 20, 2021 Morrisons agreed a £7bn offer late last night in the latest twist in the UK supermarket chain’s dramatic takeover battle. Shares jumped this morning after investors digested the new deal from US private equity firm Clayton, Dubilier & Rice (CD&R). It comes weeks after a rival bidder, a consortium led by private equity rival Fortress, [...]
US markets shake off Delta variant jitters as investors seek to end volatile week on a high August 20, 2021 Wall Street shook off concerns that the rapidly spreading Delta variant of Covid could halt the global economic recovery from the crisis to end the week on a high. The blue-chip S&P 500 jumped 0.69 per cent to 4,436.26 points during early trading, while the Dow Jones added 0.5 per cent to 35,06776 points. The [...]
Interactive Investor prepares for initial public offering August 20, 2021 Interactive Investor (II), the online retail investment platform, is lining up bankers as it mulls an Initial Public Offering that could value it at £2bn. Britain’s second largest DIY investment fund this week invited investment banks to pitch for a role on a London floatation, a source told Sky News. Unlike many investment funds, II [...]
Weak UK retail sales drags FTSE 100 lower – CityAM : CityAM August 20, 2021 London’s FTSE 100 extended yesterday’s sharp losses into this morning as weak UK retail sales figures weighed on market sentiment. The capital’s premier index slipped 0.22 per cent to 7,043.22 points during the first two hours of trading on Friday. The blue-chip index is on track to register its worst week since January. Also Read: [...]
Britain 2030: Writing off the high street is unambitious; its future is bespoke, local and community-driven August 20, 2021 After years of decline, the Covid-19 pandemic further hammered the high street, leading to boarded up shops and mass job losses, and some to declare the high street “dead”. But writing off the high street could prove to be unambitious, as, with the help of local government and private stakeholders, the post-pandemic high street could [...]
Amazon plans to open department stores in US August 19, 2021 Amazon plans to open department stores in the U.S. allowing the trillion dollar tech company to expand its physical presence in retail. The company’s flagship retail stores are expected to be located in Ohio and California, an insider told The Wall Street Journal. The new spaces will offer customers access to household goods, clothing and [...]
US stocks resist following FTSE lower as markets digest Fed minutes and oil rout August 19, 2021 Wall Street resisted the European market rout that sent the FTSE falling today and opened broadly flat today as investors digested news that the US Federal Reserve may tighten monetary policy this year. The S&P 500 edged down to 4,399.90 points, while the Dow Jones slipped to 34,944.70 points. Concerns about a possible earlier than [...]