Google I/O 2014: Expect Google TV, Google Glass, Android Lollipop and wearables June 25, 2014 Google’s I/O conference brings together developers from across the world to see the latest breakthroughs, products and software created by the internet giant. The event kicks off later today, but speculation is rife about the announcements due to come out of San Francisco. Here’s what’s expected (in addition to guests pulling up in Google's driverless [...]
Key retail growth indicator plummets on clothing sales slump June 25, 2014 A key indicator of retail strength has seen unexpected weakness in June. The headline figure of sales growth, released by the Confederation of British Industry (CBI), has fallen to just four per cent, from 16 per cent in May. Just 29 per cent of the 133 firms surveyed saw sales volumes higher than in June [...]
Domino falls on its warning of flat trading June 24, 2014 DOMINO Printing, the seller of printing equipment for retailers, led the FTSE 250 fallers yesterday after warning that pricing pressure in Asia would lead to flat profits in 2015. Shares tumbled 16.7 per cent on the news, making Domino the top percentage loser on the London Stock Exchange yesterday. Domino’s results for the six months [...]
The City’s office choir kicks off LSE with “Let’s go fly a kite” from Mary Poppins June 23, 2014 Stock market ceremonies vary from place to place, there are bells, buzzers and countdown orbs, but we’d wager none have ever kicked off a day’s trading with a song – until yesterday. Stocks began Monday morning trading on the LSE following a rendition of “Let’s go fly a kite” from Mary Poppins – sung by [...]
Star man June 23, 2014 This impossibly complicated piece is coming to a store near you There’s a flurry of London watch shop openings in the offing this summer: Richard Mille’s coming to Mount Street, Blancpain to Bond Street and Harrods is opening a second branch of its Fine Watch Room in Heathrow’s re-opened T2. But the most exciting new [...]
Islamic Bank of Britain looks to halt losses with new CEO appointment June 23, 2014 The Islamic Bank of Britain has just appointed a new CEO, with the hope that he will drive profits for the first time since the bank began ten years ago. In his previous role as interim managing director, Sultan Choudhury successfully oversaw the bank's takeover by Qatari Sharia financing firm Masraf Al Rayan, which had [...]
5 retailers who’ve suffered warehouse woes June 23, 2014 Retailers have had their fair share of misadventures with their warehouses in recent years. The fire at Asos’ distribution centre in Yorkshire is the second time the retailer has suffered damage to one of its warehouses. An explosion at the Buncefield oil depot near to its former site in Hemel Hempstead in 2005 [...]
Amazon joining with Doddle to start railway station collections June 23, 2014 AMAZON customers will soon be able to pick up parcels from railway stations as part of a new deal between the online retail giant and Doddle, the click-and-collect joint venture between Network Rail and Travelex millionaire Lloyd Dorfman. Doddle is currently running a pilot operation at Milton Keynes station, with plans to expand the service [...]
Car auctioneer owner aims for listing hat-trick June 23, 2014 THE OWNER of British Car Auctions (BCA) is plotting another foray onto the London stock market, buoyed by the success of two similar share sales earlier this year. New York-based outfit Clayton, Dubilier & Rice, which bought BCA in February 2010, is on the verge of appointing half a dozen investment banks to bring the [...]
City Moves for 23 June 2014 | Who’s switching jobs June 23, 2014 Canaccord Genuity The wealth management firm and investment bank has appointed Guy Marks as a managing director in business services in its London-based investment banking team. He previously worked at JP Morgan Cazenove, where he was most recently in its UK corporate finance team. TSB Desmond McDaid has been appointed head of savings at the [...]