These are the ten most powerful people in retail June 16, 2016 Jeff Bezos, founder and chief executive of Amazon, has topped the list of the most powerful people in retail, compiled by Retail Week. Sebastian James, group chief executive of Dixons Carphone, came second, and Mike Coupe, Sainsbury's chief executive, took third place. Read more: Does Amazon Fresh pose a real threat to UK supermarkets? Chancellor [...]
Rarer than a unicorn? This venture capital firm just floated in London June 15, 2016 Draper Esprit, the European firm which has backed startups such as LoveFilm, Graze and Lyst has made its stock market debut in a rare move for a venture capital firm.. With a dual listing on Aim and Ireland's Enterprise Securities market (ESM), shares on London's junior market were up as much as four per cent on the [...]
Referendum uncertainty has hit almost two-thirds of the UK’s medium- and large-sized enterprises June 14, 2016 Almost two-thirds of medium- and large-sized enterprises have suffered as a result of the uncertainty triggered by the EU referendum, according to a new study. In a survey of chief financial officers and key decision makers at UK firms with a turnover of £20m or more, 64 per cent of respondents said their business had [...]
Before the bell: What you need to know before the US market open June 14, 2016 Brexit fears are dragging down markets and Germany's 10-year bond yield has turned negative. Here's what you need to know before the market open at 14:30 London time. US futures are pointing down again today, suggesting the bad start to the week is going to continue. The S&P is off by 0.22 per cent. The Nasdaq is 0.26 [...]
Euro 2016: Where to watch the UEFA European Championships in London with a touch of glamour June 13, 2016 Many football fans are content with heading to their nearest boozer to watch the latest Euro 2016 action, but some City folk might want a venue that’s a bit more flash. Whether you're a City fund manager or a Canary Wharf banker, be sure to watch the beautiful game with a touch of glamour. Steam & Rye Minutes [...]
Before the bell: What you need to know before the US market open June 13, 2016 China's decelerating economy is causing fresh concern across international markets and the International Monetary Fund isn't helping. Here's what you need to know before the US market opens at 14:30 London time. The US market is pointing heavily south ahead of the open. The S&P 500 is down by 0.31 per cent in the pre-market. The Nasdaq [...]
City Moves for 10 June 2016 | Who’s switching jobs June 10, 2016 Whistl Whistl, the second largest postal company in the UK, has announced the completion of the management team for its packets and parcels offer with the appointment of Steve Vass as development director. He will continue the development of Whistl’s carrier management interface, its relationships with carriers and advising on the most appropriate solution and [...]
As Amazon Fresh launches in London, does it pose a real threat to UK supermarkets? June 10, 2016 Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, says Yes. The last thing that the traditional British supermarkets want is another challenge to their model – they’re still busy fending off the shock of Aldi and Lidl’s sharp pricing model. Online grocery sales are growing well ahead of the overall market, so it’s [...]
At the close: FTSE falls as miners give up gains June 9, 2016 The FTSE 100 lost ground today as miners slumped. A fall in the oil price, as well as disappointing numbers out of China, meant the blue-chip index snapped its four-day winning streak. The FTSE finished at 6,231.89, down by 1.1 per cent. The FTSE 100 had risen in its previous four sessions. US stocks also dragged as investors worried [...]
Map: Here are the areas where you can now order Amazon Fresh food and groceries in the UK June 9, 2016 Amazon Fresh is finally here. Now you can turn to the online retailer not just for books, clothes, the latest tech, and a million other things, but for fresh food too. That means fresh fruit, meat, seafood, veg, dairy and baked goods, and more, just like any other supermarket's home delivery service, along with other store cupboard goods [...]