Tesco ends promotions on salad after study into wasted produce October 20, 2013 TESCO has called an end to promotions on certain fresh food products in stores after conducting a study into food waste across its UK operations. Britain’s biggest supermarket said it will stop multi-buy offers on large bags of salad to stop encouraging people to buy large amounts that then go to waste. Commercial director Matt [...]
Burberry chief executive to miss out on £18m in share awards October 20, 2013 DEPARTING chief executive Angela Ahrendts will waive her rights to a long-term incentives worth £18m when she leaves the fashion retailer to join Apple. Ahrendts was entitled to share awards worth £7.6m this year and an additional £4.6m next year from Burberry. Ahrendts already owns £6.5m shares of Burberry, where she has worked for eight [...]
Samsung offers to end tech wars October 17, 2013 Samsung has offered to defuse ongoing patent disputes between tech companies in Europe by refraining from further litigation for five years. The offer could help the technology company to avert a possible £11.3bn fine that Samsung could face after the European Commission said last year that its patent lawsuits broke EU antitrust rules. Samsung and [...]
Samsung proposes to end patent litigation in Europe October 17, 2013 Samsung Electronics has agreed to stop seeking injunctions on certain patents, says the European Commission, giving glimmers of a truce in the smartphone and tablet patent wars. (Release) The Commission challenged the electrics giant for its pursuit of injunctions that are standard-essential – meaning that the invention being patented has to be used in order [...]
Don’t fear free: Candy Crush Saga is the future of the profitable product October 17, 2013 YOU CAN’T make money on the AppStore. Everything is free and you can’t get consumers to pay for anything.” That’s what I often hear from companies that have dipped their toes into the Apple ecosystem, failed to understand that it’s a new way of doing business, and drowned in the turbulent waters. It’s a common [...]
Don’t fear free: Candy Crush Saga is the future of the profitable product October 16, 2013 YOU CAN’T make money on the AppStore. Everything is free and you can’t get consumers to pay for anything.” That’s what I often hear from companies that have dipped their toes into the Apple ecosystem, failed to understand that it’s a new way of doing business, and drowned in the turbulent waters. It’s a common [...]
Dyson’s new vacuum cleaner is half dust-buster, half sports car October 16, 2013 REVIEW DYSON DC59 ANIMAL £349.99; dyson.co.uk Five Stars It’s hard to write about Dyson without comparing it to Apple. Both companies take something functional and make it beautiful. In a way, Dyson’s achievement is even more impressive – Apple is associated with music and video; all Dyson has to work with is your own filth. [...]
Double trouble: Investors wipe millions from Invesco and Burberry as star names quit October 15, 2013 TWO of the City’s biggest names shocked investors yesterday by stepping down from their jobs, leaving gaping holes at the top of multi-billion pound firms. Invesco’s star fund manager Neil Woodford announced he would leave the company next year after more than two decades, while Burberry chief executive Angela Ahrendts has spectacularly quit the luxury [...]
Shares suffer as Burberry boss trades handbags for handsets October 15, 2013 BURBERRY lost £770m off its stock market value yesterday after the luxury group announced that chief executive Angela Ahrendts will be stepping down. Ahrendts, a 53-year-old American who has been at the helm of the luxury group since 2006, will leave in the middle of next year – swapping her London offices for Silicon Valley [...]
Apple hands its retail empire to fashion veteran October 15, 2013 APPLE’s appointment of Burberry’s Angela Ahrendts as head of its retail and online stores is much more than just another hire for the technology titan. Apple’s retail business is an empire in itself, making revenues of $6.4bn (£4bn) in the first quarter of 2013 – making it just under half the size of Amazon’s entire [...]