Consumers wasted a whopping £13bn of edible food in 2015 January 10, 2017 Consumers threw out £13bn – 7.3m tonnes – worth of perfectly edible food in 2015. That generated 19m tonnes of carbon emissions, equivalent to those generated by one in four cars on UK roads, according to food waste reduction charity Wrap. However, 60 per cent of us believe we waste either no food or hardly any. Wrap has built off its work with [...]
24-hour Tube strike disruption to cost the capital tens of millions January 9, 2017 Commuters might've had a miserable journey into work this morning, and businesses haven't been enjoying the 24-hour Tube strike much either. The industrial action, organised by the Rail, Maritime and Transport (RMT) union and The Transport Salaried Staffs' Association (TSSA), has resulted in a plethora of station closures and disruption across the capital. This has [...]
Seed capital comes to London start up that helps street food traders set up shop January 8, 2017 A LONDON-based tech startup that aims to modernise the street trading sector has secured £350K seed capital investment from private Singapore fund B.O.H LLC. StreetDots works with major landlords to open street trading pitches or 'dots' that can be booked by street food traders and other retailers via a one stop app. The technology handles [...]
UK businesses and consumers see rosy economic prospects peak at the end of 2016, as confidence in Europe rises January 6, 2017 UK business confidence in the economy’s prospects increased to a 2016 high in December as Eurozone companies also saw a strong improvement in trading conditions, according to the European Commission. The buoyant services sector drove UK economic sentiment to an increase of 1.3 per cent, reflecting recent news of a rise in the services purchasing [...]
City Moves for 6 January 2017 | Who’s switching jobs January 6, 2017 Hilco Capital Hilco Capital has appointed Paul McGowan, the founder and chief executive for the last 17 years, to the new role of executive chairman, as a result of the continued international expansion of its business and its investment portfolio. Henry Foster (pictured), who has been an investment director at Hilco Capital since 2007, will assume the role [...]
Calls for better governance at Sports Direct heighten, after Mike Ashley defies the will of the company’s other shareholders January 5, 2017 Sports Direct has today sparked more ire over the state of its corporate governance, including calls for a rethink on how listed firms are overseen The comments come after a second vote in less than half a year on whether to keep Keith Hellawell as chairman was waved through at the company's general meeting, as chief [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that just [...]
A Lidl competition: Aldi becomes the highest-paying supermarket in the UK January 5, 2017 Aldi has given its employees a late Christmas present as it unveiled new pay rates this morning – and boasted that the new deal will make it the highest-paying employer in the supermarket sector. The supermarket is known for offering the cheapest groceries in the UK, but is now insisting it won't settle for a [...]
Professional advisers cash in on the carcass of BHS January 5, 2017 Professional advisers working on the BHS case have raked in £1m in just six weeks even as the retailer's former workers wait on Sir Philip Green to make a contrbution to the BHS pension black hole. According to Sky News, firms such as DLA and Savills earned £1.125m between 25 October and 2 December, and the [...]