Amazon Prime Day is not the new Black Friday as British retailers have little appetite for mega sales… yet July 15, 2015 Not content with helping bring the horror of shoppingeddon to the UK in the form of Black Friday, Amazon is now attempting to create its own, even bigger version, with Prime Day. Last year Black Friday went from being a US tradition us Brits mocked as the embodiment of America's tendency to take things to [...]
Sir Mike Rake to quit as Barclays deputy chairman by the end of the year as he signs up to chair Worldpay July 15, 2015 Barclays deputy chairman Sir Mike Rake will leave Barclays by the end of the year as he takes up a new role chairing payments processing company Worldpay. Rake told City PM this morning that, subject to regulatory approval, he will take up a position on its board on 1 September. Shares in the bank dipped [...]
These are Britain’s best companies for customer service: First Direct, Amazon and John Lewis July 15, 2015 Anyone who detests being taken for granted by a company will be pleased to know there's a list of firms offering shoppers the best customer service experience. Online bank First Direct scored 87 for the overall level of customer satisfaction, helping it overtake better-known brands such as Amazon and John Lewis in a ranking compiled [...]
Zoopla accidentally overvalues home located in Stornoway in Lewis by around £13.85m July 15, 2015 A wayward algorithm on online property portal Zoopla accidentally overvalued a home located in Stornoway in Lewis, Scotland to the tune of around £13.85m. Annabel and Dan MacDonald, owners of the semi-detached property which wasn't even up for sale, told the BBC they think its real value is actually closer to £150,000. The hefty price tag would still be [...]
Ryanair may close second Danish airport after row with unions July 15, 2015 Low-cost airline Ryanair has said that it may close its Billund airport base, which would be the airline’s second Danish base closure in just four days, as a union in the country frustrates the Irish carrier with plans of a strike at the airport. This occurred on the same day as Ryanair officially shut down [...]
Entertainment One share price falls as Marwyn Value Investors sells Peppa Pig slice July 15, 2015 The investment firm behind the maker of hit kids TV show Peppa Pig has sold off part of its stake in the company. Marwyn Value Investors has sold a nine per cent holding in production company Entertainment One, which is also the distributor of films such as the Hunger Games and 12 Years a Slave, [...]
Aga Rangemaster share price leaps as it confirms £129m takeover July 15, 2015 Shares in posh oven maker Aga Rangemaster shot up almost 20 per cent in early trading, after it confirmed a takeover by US cooking equipment manufacturer Middleby. Under the deal, Aga shareholders will receive 185p per share, 77 per cent higher than the closing price on 16 June, the day before Middleby made its offer. [...]
Afren shares have been suspended July 15, 2015 Shares in embattled oil producer Afren were suspended this morning as uncertainty regarding its financial position left it unable to accurately update the market. The Nigeria-focused company's shares were suspended at 7.30am by the Financial Conduct Authority at the request of the oil producer pending an announcement. Afren later said that an ongoing business review [...]
Britain facing winter of blackouts as National Grid warns of tightest power supply in a decade July 15, 2015 Britain could be facing a winter of blackouts, with National Grid warning of the tightest winter power supplies in a decade. The country now has just 1.2 per cent of spare capacity in the system, down from 4.1 per cent last year, according to the winter review and consultation showed. It is mostly because [...]
First quarter sales lift at Burberry despite drag from Asian markets as chief executive Christopher Bailey braces for more shareholder dissent July 15, 2015 Having lowered full-year guidance in May, Burberry posted underlying retail sales for eight per cent in the three months to the end of June, up eight per cent from the first quarter of last year. The figures Burberry pointed out that the first quarter is "historically the smallest for retail", so that eight per cent uplift [...]
