Supermarkets under attack from the short-sellers July 4, 2016 Traders believe the worst is far from over for the UK's embattled supermarkets, as short-sellers have piled in to bet against the sector in the next few months. More than three times as many shares are held by people hoping to profit from a near-term fall in the share price of the UK's leading supermarkets as [...]
Making tech human: The Memo’s Alex Wood on why there’s more value in a smaller audience July 4, 2016 "Apple announcements aren’t exciting anymore,” says Alex Wood, the journalist and entrepreneur behind tech website The Memo. Not only is the tech titan failing to launch products and software which are more eye-catching than those which preceded them, Wood thinks that consumers are tired of technology being presented to them as an endless chronicling of operating [...]
Uniting the suits and the beards: Co-working’s rise July 4, 2016 Co-working the latest trend in ultra-hip working practices, has now hit the mainstream. The word conjures up images of bearded, flannel-shirted hipsters working on iMacs in Scandinavian inspired “spaces”. Yet more and more corporates are now adopting it, with the likes of Microsoft, Philips and several mainstream retail and investment banks creating specialised working environments. [...]
Gutterball: Bowling alley firm postpones flotation plans after Brexit July 3, 2016 A bowling alley firm has pushed back its plans to float on the stock market following last month’s Brexit vote. Hollywood Bowl had planned to launch an initial public offering (IPO) this month. But the plans have now been pushed back towards the end of the summer. Elsewhere, Sky News reported that NewDay, which provides store cards [...]
AmazonFresh opens up to new London postcodes June 30, 2016 US online retailer Amazon has expanded its recently launched fresh food delivery service, Amazon Fresh, across London. Its footprint has grown from 69 to 128 London postcodes less than a month after it began the service in London. Amazon Fresh’s arrival sent shockwaves through the grocery industry. Online supermarket Ocado’s shares fell to a three-year [...]
New homes on sale in London this weekend: from South Bank Tower to eco “Urban Houses” in Blackheath June 30, 2016 South Bank Tower From £1.8m The remaining 193 studio to four bedroom apartments and penthouses in the 41-storey South Bank Tower – formerly the IPC Media building – are now on sale. Four new show apartment by four interior designers – 1508 London, Goddard Littlefair, Studio Ashby and Rachel Winham – have been drafted in by [...]
Five stocks to watch following the Brexit market meltdown June 30, 2016 The UK’s stock market has quickly and efficiently established a pecking order in the wake of the EU referendum vote. Low-volatility stocks, defensives and dollar earners have generally done well, or at least much less badly, than cyclicals and, domestic plays such as retailers, banks and house builders. In addition, gold and silver miners have performed extremely [...]
City Moves for 29 June 2016 | Who’s switching jobs June 29, 2016 Plus500 Plus500, an online service provider for retail customers to trade CFDs internationally, has appointed Penelope Ruth Judd non-executive director of the company and a member of the board of directors. Penelope is a chartered accountant with over 30 years of City and financial services experience specialising in compliance, governance, regulation, corporate finance and audit. She is currently managing director [...]
Retailers’ share prices are on the up as markets recover slightly June 28, 2016 Shares in retailers including Next, M&S and Associated British Food were on an upward trend this morning as stock markets recorded their first gains since the UK voted to leave the European Union. In morning trading, M&S' share price was up 5.10 per cent, Next's rose 8.40 per cent and Associated British Foods' shares climbed [...]
Hold onto your hats: Banks in for a bumpy ride following the Brexit vote June 26, 2016 The banking sector is most likely bracing itself for a beating following last Friday's EU referendum result. The UK's decision to leave the EU places the passporting rules – which essentially allow UK banks to operate throughout the European Economic Area without restrictions – in doubt, which could ultimately result in fewer bankers on the streets [...]