The EU risks damaging consumer interests in its push against Google dominance July 22, 2015 Jean Tirole won last year’s Nobel prize for economics for his work on a new type of market – and one that has grown with the meteoric rise of the internet. So-called two-sided markets arise when a company brings together suppliers and consumers. Google is a classic example: it provides browsers with web pages, and [...]
City plays down living wage cost fears but hospitality industry could struggle July 9, 2015 Analysts predicted yesterday that UK retailers would largely dodge the effects of the new national living wage but warned the leisure and hospitality industry would face tough times. In a surprise move on Wednesday George Osborne announced a new minimum wage of £7.20 per hour from April next year for workers over the age of [...]
Restaurant review: Bill Granger’s third UK venture leaves us cold June 30, 2015 Last week I wrote about how Stevie Parle’s thoroughly brilliant restaurant Craft London is being used as bait to convince people they might want to live next to the O2 Arena. This week, I’m heading up to King’s Cross, which is several life-stages ahead of north Greenwich. Although it’s still being built, King’s Cross [...]
Why a compulsory living wage is not the best way to help society’s poorest June 8, 2015 The Living Wage Foundation – which lobbies employers to pay £9.15 an hour in London and £7.85 elsewhere – has never called for statutory implementation of its cause. It considers itself to be a pragmatic civil society movement, encouraging firms to pay their low-paid workers enough to live comfortably. But the campaign has been hijacked [...]
As Wembley gets 4G, should football clubs offer wifi? Why Arsenal, Manchester United and Chelsea should look to Kansas for connectivity inspiration May 28, 2015 Just a handful of football clubs offer fans fast smartphone connections despite growing pressure to install the technology. But how does the footy tech race impact fans and clubs? Arsenal and Aston Villa fans flooding Wembley Stadium for the FA Cup Final are unlikely to be stuck for a smartphone signal after telecom giant [...]
Thomas Cook defends payout received over Corfu hotel deaths May 17, 2015 THOMAS Cook yesterday defended claiming compensation from the Greek hotel where two children died in 2006, amid fears that the incident could lead to a consumer backlash against the tour operator. A spokesperson said that chief executive Peter Fankhauser had sent a letter of apology to parents Neil Shepherd and Sharon Wood on Friday after [...]
Razor sharp: Will King talks moving on from King of Shaves, politics, a plan for Tesco and why we need Tinder for voting May 4, 2015 I came, I saw, I shaved, I died’ isn’t how I want to be remembered,” quips Will King. In 1993, he founded King of Shaves, the popular men’s toiletries brand. In frustration over the poor quality of his own products, he turned to his then-girlfriend’s bath oil for a smoother finish. The resulting businesses, including [...]
Behold the era of market meddling: Whoever wins the General Election, the age of intervention is upon us April 23, 2015 In the run up to every General Election, the business community voices its concerns over what a Labour government would mean for UK plc. There is the regular letter to The Telegraph, signed by 100 business leaders, in a show of support for the Conservatives. There is much worry, and some hysteria too. Many readers [...]
Historic Tesco loss sparks share price slump: Dave Lewis has to move from “drastic” to “dynamic” April 22, 2015 2007: TESCO’S PEAK MARKET SHARE 31.7% MARKET SHARE MARCH 2015 28.4% Shares in Tesco slumped by five per cent yesterday after the retail giant capped a year of profit warnings, accounting scandals and fraud investigations by posting one of the biggest losses in corporate history. Britain’s biggest supermarket made a statutory pre-tax loss of £6.4bn [...]
Leaders’ debate: Why Nigel Farage failed to break through with HIV claim April 3, 2015 Last night's rare spectacle of seven party leaders tearing each other apart on live TV proved more entertaining than the pundits had feared. Instead of a two hour bora-thon, sparks flew as the seven leaders accused each other of everything from economic incompetence to conspiracies over support for mass immigration. But perhaps the surprise loser of the [...]