Very.co.uk enjoys record-breaking Christmas period January 12, 2021 Very.co.uk increased sales by 25 per cent year-on-year in the seven weeks leading up to Christmas, recording its best ever figures over the holiday period. Home and electrical goods were the standout categories for the online retailer, up 46 per cent and 45 per cent respectively. Among the top selling items were bedding and soft [...]
Social media site Parler sues Amazon over account suspension January 11, 2021 Controversial social media site Parler is suing Amazon over its decision to pull support for the app. The so-called free speech app, which is popular among right-wing extremists, accused Amazon of violating antitrust laws by suspending its account. In a complaint filed in Seattle, Parler said Amazon’s decision to stop hosting the app was “apparently [...]
Huawei set for year of transition amid ‘technological Cold War’ January 11, 2021 Huawei will likely transition towards software as a “technological Cold War” controls the hardware supply, shifting the company’s prospects for 2021, analysts have said. Harsh US sanctions on China have hit suppliers of chips, which are crucial to mobile phone production, and forced the tech giant to look to other avenues. Ben Wood, chief of [...]
Twitter shares slide following ‘problematic’ Donald Trump ban January 11, 2021 Twitter’s shares went into reverse this morning following the social media site’s decision to ban US President Donald Trump. The platform permanently suspended the president’s account over the weekend, stating that there was a risk of further incitement of violence following riots at the Capitol last week. “After close review of recent Tweets from the [...]
Royal Mail appoints former Apple exec as new boss January 11, 2021 Royal Mail has this morning announced that director Simon Thompson will become its new chief executive. The former Apple executive will move into the top seat today, with interim chief Stuart Simpson to leave at the end of January. Simpson has been managing the firm on a temporary basis since May, when Rico Black quit. [...]
The City View: Chancellor of the Exchequer Rishi Sunak January 11, 2021 The City View is back for 2021 with a new format, a new host and a very special guest, with City A.M.’s Andy Silvester talking to Chancellor of the Exchequer Rishi Sunak. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS The pair discuss the Government’s response to the pandemic, the future of cities and whether the work-from-home [...]
Apple and Amazon suspend Parler from web stores January 10, 2021 Apple and Amazon have followed Google’s lead and suspended Parler from their respective app stores over concerns that the social media platform has not done enough to regulate content inciting violence. The app, which styles itself as an “unbiased” platform, has proved popular with users who have been kicked off other platforms. The suspensions come [...]
Elon Musk overtakes Jeff Bezos to become world’s richest person January 7, 2021 Tesla's share price has driven Elon Musk's net worth even higher to topple Amazon boss Jeff Bezos from the top spot of world's richest person
Hong Kong police arrest 53 pro-democracy activists in dawn raids January 6, 2021 Hong Kong police have today arrested 53 pro-democracy activists in a series of dawn raids in Beijing’s biggest crackdown on the city-state since introducing controversial new security legislation last year. Almost 1,000 police officers were involved in raids on 72 premises across the city, which saw some of the former British province’s most prominent activists [...]
Asian consumers, boomerang businesses and M&A likely to shape 2021 January 6, 2021 It was some year. Anyone who took on the challenge of forecasting what would happen in 2020 more than likely saw it all swiftly swept aside – but, as they say, prediction is very difficult, especially when it’s about the future. Still, investing is a forward-looking profession and so we inevitably find ourselves thinking about [...]