Trump the brash succeeds Obama the failure, but the inauguration itself is a thing of beauty January 20, 2017 Don't drag your feet on the way out, Mr President. Even in these uncertain times, the fear of what comes next can’t sugar-coat the agony of what came before. No doubt we’ve all been charmed by President Obama these past few months. Our awareness of who is to follow, combined with the more easy-going nature of [...]
Tech unicorn Deliveroo is planning to create hundreds of new jobs January 18, 2017 UK tech unicorn Deliveroo is planning to create hundreds of new jobs in London as it grows its business globally. The food delivery company will create more than 300 new positions, many of which it said will be in highly-skilled senior technical roles in areas such as software and hardware engineering, behavioural economics and algorithm development. The additions [...]
US toymaker Mattel names former Google Americas president as new chief executive January 17, 2017 Mattel announced today it has named a new chief executive to help put a stopper in floundering sales. Margaret Georgiadis, who previously worked as president of Americas at Google, will take to the helm of the US toymaker 8 February. Georgiadis is set to replace Christopher Sinclair, who had only taken up the role as chief exec in 2015. He [...]
London house prices edged closer to £500,000 in November January 17, 2017 The average house price in the capital edged closer to the half a million pound mark in November, rising to £482,000 for the first time. Figures published this morning by the Office for National Statistics (ONS) showed house prices in the capital jumped 8.1 per cent in the year to November, rising 1.9 per cent [...]
Metro Bank gets down to business, planning to increase its number of in-store managers by around a third January 17, 2017 Business banking is booming for Metro Bank, so much so that the challenger plans to increase the number of business bankers in its branches by around a third, or 30 per cent, in 2017. The bank, which opened its first branch in 2010, recently announced it was putting £1bn to one side to support business customers [...]
Angry Birds makes post-Brexit London happy as Rovio opens games studio January 16, 2017 Rovio, the maker of hit game Angry Birds, has landed in London and will set up a new games studio in the capital bringing with it at least 20 new jobs. Hot on the heels of Snap, which last week unveiled plans for its growth in London, it's another stamp of approval for UK tech after the [...]
Burberry confirmed its new chief executive Marco Gobbetti is set to head the company from July January 16, 2017 Burberry today confirmed Marco Gobbetti is set to become the boss of the company this summer as part of the company's ongoing restructuring drive. Gobbetti is slated to join the luxury brand as executive chairman of Asia Pacific and Middle East on 27 January until 4 July. From 5 July, he will join the board and take on his role [...]
Guy Hands’s private equity firm resumes dividend January 15, 2017 Terra Firma Capital Partners saw pre-tax profits in the year to March 2016 fall to £2.4 million while revenue dropped to its lowest since 2012. The private equity firm, which had previously ended its dividend payouts, provided £3.5 million in dividends to Guy Hands, who acts as the fund’s chairman. The fund includes one of [...]
Burberry leads another week of key retail updates January 15, 2017 British fashion house Burberry is widely expected to report an uplift in sales this week after the fall in the value of the pound made its products more attractive to foreign buyers. Burberry posts its third quarter trading update on Wednesday, and Barclays analysts have predicted the company will announce a like-for-like sales increase of two per [...]
Are we more or less happy after the Brexit vote? January 15, 2017 The unexpected and shock result of the vote to leave Europe is just one of the events that has in recent months illustrated an increasingly divided world. But, in this new territory of uncertain times, fake news, and where it sometime feels like up is down and black is white, just what effect is that having on [...]