Peloton shares tumble 19 per cent after it temporarily stops bike and treadmill production January 20, 2022 Peloton is set to temporarily stop producing its bikes and treadmills amid collapsing demand, according to reports. The maker of connected fitness products took the decision to stem costs and limit losses caused by the company overstating the number of consumers it expects to buy its products. The news was first reported by CNBC. Production [...]
Three Christmas presents for a Cabinet that lacks political grip December 22, 2021 At this time of the year hapless members of the Cabinet, and even the Prime Minister himself, are entitled to some charity. We might usefully consider the gifts we would put under their trees on Christmas morning. Top of the list could well be both a Peloton and a deckchair. Sarah Healey, permanent secretary at [...]
Peloton pulls Mr Big ad as Chris Noth faces sexual assault claims December 17, 2021 Peleton has pulled an ad featuring Chris Noth after he was accused of sexual assault in claims published by the Hollywood Reporter.
Peloton was a lockdown sprinter, now it has to run a marathon to fight the competition November 16, 2021 Peloton was known for revolutionising the fitness sector during Covid. Its stationary bike, launched in 2014, was the beginning of its journey. The company’s evolution has been fuelled by millions of pounds in funding and technology to create the brand we know now: the flagship bike, which works in tandem with a monthly video class [...]
Boris Johnson is gambling on the war-on-woke to keep rioting Tories at bay over taxes October 7, 2021 Boris Johnson is a man not used to picking up the tab. During his tenure at the Spectator, he infamously never repaid the interns who bought him coffees and in Downing Street he has tried to palm off the bill for everything from his curtains to Daylesford Organic ready meals. Before the pandemic, while crucial [...]
Hybrid working: Out of office… forever? September 8, 2021 During lockdowns, many started working from home for the first time. Now, 91% don’t want to go back to the office full-time. With hybrid models of work being adopted by many, Christian Koch talks to leading CAs about the chances of a new workplace revolution… This article first appeared in ICAS’ CA magazine. What does [...]
Gyms are back: Peloton slims down bike prices for second time in a year August 27, 2021 Fitness machine maker Peloton is set to trim down the price of its bikes, as people trade in DIY home gyms for the real deal. Bikes will be some 20 per cent less expensive from this week onwards, across all its markets in the US, UK, Canada, Australia and Germany at $1,495 each. The company’s [...]
Salesforce enters streaming wars with Netflix-style business service August 10, 2021 Software giant Salesforce has waded into the increasingly crowded streaming market with the launch of a new platform offering business-focused content on demand. The San Francisco-based company said its in-house studio had produced the core programming for Salesforce Plus, which will launch at its Dreamforce event next month. The service will look to harness the [...]
Hipgnosis throws $1bn at latest song-buying spree, as TikTok rallies revenues July 5, 2021 Hipgnosis has thrown over $1bn during its latest stint of song-buying which spans 84 freshly bought back catalogues from the industry’s biggest names. Like-for-like valuation for Hipgnosis’ portfolio has grown 10.4 per cent during the year to 31 March 2021. Meanwhile, streaming income has lifted 18.4 per cent in the second half of the year. [...]
Free coding school 01 Founders launches in London with tech job guarantee June 2, 2021 A free two-year coding school that offers students a guaranteed job at a top tech firm has launched in London. 01 Founders is now accepting applications for its first school in the capital, where learners are offered two years of on-campus training with zero tuition fees followed by two years of employment. The coding push [...]