Waitrose sets out £1bn online shopping plan as it prepares for life without Ocado May 16, 2019 Waitrose has revealed a £1bn plan to bolster its online operations today as it prepares for life without Ocado. The upmarket grocer has signed a deal with Today Development Partners (TDP) in a bid to treble the size of its online business over the next three years, as its 20-year relationship with delivery giant Ocado nears its [...]
Magazine publisher TI Media taps media veteran Tim Weller as new chairman May 16, 2019 The magazine publisher behind Horse & Hound and Country Life has appointed media veteran Tim Weller as its new chairman. Read more: Trump pardons fraudster media mogul Conrad Black City A.M. understands Weller, a prolific media entrepreneur, has joined TI Media, which is the UK’s biggest consumer magazine publisher The media boss has been recruited by Epiris, [...]
Lift off: Flying taxi startup hopes to revolutionise city travel by 2025 May 16, 2019 Ever been stuck in a traffic jam, wishing you could take to the skies and leapfrog the gridlocked cars below? German startup Lilium hopes that by 2025, it will let you do just that, after staging a successful maiden flight of a prototype five-seater flying taxi, capable of whisking passengers from place to place above [...]
Huawei lashes out at US as President Donald Trump declares tech emergency May 16, 2019 Chinese telecoms giant Huawei has said it is willing to work with the Trump administration after it was slapped with a ban on buying components from US firms without special approvals. Read more: Huawei snaps up top Sky News journalist as senior spin doctor US President Donald Trump yesterday also signed an executive order which [...]
Chris Tremlett: With Bairstow and Buttler firing England have the best ODI batting line-up in the world May 15, 2019 If the last two games have shown us anything it’s that the sky is the limit for England’s batsmen. Twice in the past week they’ve scored over 350 in One-Day International victories against Pakistan. It’s happening so frequently now that it’s really no longer a surprise. England have the best 50-over batting line-up in the [...]
Huawei snaps up top Sky News journalist as senior spin doctor May 15, 2019 Embattled Chinese tech firm Huawei has hired a veteran Sky News journalist as its new senior spin doctor as it ramps up efforts to quash accusations of spying. Senior Sky News editor Paul Harrison, who previously served as the network’s royal and business correspondent, has said he will join Huawei in a senior communications role [...]
Trainline owner mulls £1bn sale as IPO plans build up head of steam May 15, 2019 The owner of ticketing firm Trainline is reportedly exploring a sale of the company alongside plans for a £1bn stock market listing. Read more: UK's biggest travel booking app Trainline considers £1bn flotation US investment giant KKR, which has owned Trainline since 2015, has approached a number of private equity groups to gauge interest in [...]
From ticket prices to stellar salaries, you can’t take the economics out of football May 15, 2019 The appearance of Liverpool and Spurs in the Champions League final and Arsenal and Chelsea in the Europa Cup one has generated massive interest. But the official ticket prices for the games are surprisingly reasonable. Liverpool and Spurs have been offered 16,613 tickets each. Five per cent of these are expensive, at £513 each. A further [...]
XLN founder weighs selling controlling stake in telecoms firm May 14, 2019 The entrepreneur who founded London-based telecoms services firm XLN is considering selling his controlling stake in the company. Christian Nellemann, who set up the business 17 years ago, is working with bankers at Lazard on an auction process, which could value XLN at more than £250m, Sky News reported. Read more: Revealed: The worst telecoms [...]
British Steel seeks further £75m loan from government to avert collapse May 14, 2019 Britain’s second-largest steel manufacturer is looking to Whitehall for a second emergency loan in a matter of weeks. British Steel today said it has asked the government for a support package, believed to be as much as £75m, citing “Brexit-related issues”. Little over a fortnight ago the company was handed £120m to pay an EU [...]