Vauxhall issues third recall over Zafira fire risk April 27, 2019 Vauxhall has issued a recall for 235,000 Zafira people carriers for the third time over the risk that the cars could catch fire. The latest recall, which follows two previous recalls in 2015 and 2016, affects cars built between 2005 and 2014 which do not have electronic climate control, Sky News reported. Read more: Vauxhall [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Wanted: Your free-market ideas to give everyone a shot at improving their lives April 26, 2019 Life isn’t fair. It never will be. In fact, so much of what we experience day-to-day, year-to-year, is a result of things we can’t control – the country we’re born in, the robustness of our immune system, the bumps on our nose (well, mine anyway) are pre-determined facts of life. Progress means embracing or overcoming [...]
Protecting the UK’s creative treasures by bringing the digital pirates down a peg leg or two April 26, 2019 The gathering storm of state-backed piracy is high on the agenda, as leaders from creative industries gather for World Intellectual Property Day today. As you read this, a pirate media empire is illegally broadcasting 10 channels of live sport – including one of Britain’s most valuable exports, the English Premier League – to a region [...]
Comcast beats profit estimates but streaming rivals eat into revenue April 25, 2019 US media giant Comcast has beaten Wall Street estimates to post strong first-quarter profit, but fell short on revenue. The figures Comcast posted a 17.9 per cent increase in revenues to $26.9bn (£21bn). Net profit rose 14 per cent to $3.6bn. Adjusted earnings before interest, tax, depreciation and amortisation increased 18.1 per cent to $8.6bn. [...]
Interserve finance boss throws in the towel weeks after administration April 24, 2019 Interserve’s finance chief will quit the company just weeks after it fell into the hands of its lenders having buckled under the weight of a £730m debt pile. Read more: FRC investigates Grant Thornton audits of Interserve Mark Whiteling, chief financial officer at the outsourcing giant for just 18 months, informed colleagues this week that [...]
Debenhams owners to outline plans to shut 20 stores April 23, 2019 Debenhams is poised to outline plans this week to bring forward the closure of 20 of its stores, according to Sky News. The new owners of the department store chain, which include Barclays and hedge fund Silver Point, will launch a company voluntary arrangement (CVA) in the next 48 hours that will allow it to [...]
Majestic Wines looks to sell off UK retail business as online shift continues April 23, 2019 Majestic Wines could sell off its entire UK retail business as it pivots to focus on its online wine seller brand Naked Wines. Read more: British Land sells Sainsbury's superstores for £429m The company’s board has appointed Rothschild bankers to explore a potential sale of its retail and commercial portfolio, which include around 200 stores. City [...]
Which consumer survey reveals UK’s worst mobile network providers April 23, 2019 Vodafone has been ranked the UK’s worst mobile operator as big-name providers continue to lag behind their smaller rivals. Vodafone was rated the worst network, while O2 and EE completed the bottom three, according to the latest survey from consumer group Which. Read more: Vodafone broadband advert banned by watchdog for misleading consumers Virtual network [...]
Thomas Cook shares take off on reports of takeover talks April 23, 2019 Shares in Thomas Cook jumped as much as 17 per cent this morning on reports it has held preliminary takeover talks with a string of potential suitors. Read more: Thomas Cook holds preliminary talks with suitors about potential takeover The sharp uplift in share price came after it emerged the firm has received enquiries from [...]