Console owners help drive profit jump at Game Digital October 15, 2015 GAME Digital said a rapidly growing population of Xbox One and PlayStation 4 console owners helped the video games retailer post forecast beating full-year profits. Demand for the latest generation of consoles has cooled and their average selling price has dropped since their initial launch two years ago. But a strong performance in accessories, new [...]
New dystopian app Peeple lets you rate anyone – and anyone rate you October 15, 2015 It was only a matter of time: You can already rate your hotels, restaurants, doctors, teachers and who knows what else online. The new app Peeple has taken this quantifying trend to its dystopian logical conclusion, by building a platform where you can rate and review anyone you like – and anyone can rate you. [...]
Now Mercedes-Benz has launched its own London luxury apartments October 15, 2015 Now you can experience the feeling of being in the driving seat of a Mercedes-Benz without even stepping foot outside a front door. The carmaker is manoeuvring an unusual left-field turn into the luxury property business with a new concept of Mercedes designed serviced apartments in London. In a collaboration with Singaporean luxury serviced apartments firm Frasers Hospitality, six apartments measuring between 50 [...]
Will Square’s IPO be a success with chief executive Dorsey distracted by Twitter? October 15, 2015 Another day, another IPO – this time it's Square, the mobile payments company founded after Jack Dorsey was forced to leave Twitter, which has ended months of speculation by officially filing with the Securities and Exchange Commission to go public. Square is looking to raise $275m (£177m) from the IPO. In its filing, Square, which [...]
Elon Musk is about to put thousands of driverless cars on the road – but drivers of Tesla Model S with Autopilot have been warned: Keep your hands on the wheel October 15, 2015 Did the future just arrive on the world's roads and we didn't even notice? Cult electric car maker Tesla said last night that it's about to push an update to 60,000 of its Model S vehicles which will allow them to autonomously park (including finding a parking spot) and change lanes. Elon Musk, the company's [...]
Amazon Fresh UK Vs Ocado: One chart showing why Amazon is about to seriously disrupt supermarkets’ online grocery delivery October 15, 2015 As if supermarkets weren't suffering enough with the threat of discounters, a new spectre is rearing its head – Amazon Fresh. Stealthily launched in London and Birmingham under the Amazon Prime Now banner, kitchen essentials like milk will be delivered to people's door within the hour. Analysts have already warned that Amazon will have an impact [...]
Bank of England and PRA’s new ring-fencing rules “could cost banks five per cent” of their operating budget October 15, 2015 The Bank of England has today laid out further details about how Britain's biggest banks will have to restructure in order to comply with so-called ring-fencing regulations. From 2019, banks with core deposits greater than £25bn will have to separate their retail activities from the riskier parts of the business. The requirements were first set out in the Financial Services [...]
Virgin Money share price rises as mortgage lending jumps: More proof challenger banks are winning? October 15, 2015 The "Big Four" have good reason to worry about challenger banks, after Virgin Money announced net mortgage lending almost doubled in the nine months to the end of September. The figures Gross mortgage lending jumped 38 per cent to £5.5bn in the first three quarters of the year, the bank said today, with net mortgage lending rising 98 per [...]
Adult colouring-in books helps WH Smith to another year of growth October 15, 2015 WH Smith's share price jumped this morning after reporting a surge in profits thanks, in part, to the phenomenon of "colouring therapy", which has been sweeping the country this year. The figures Prelims for the year to 31 August suggest each part of the stationer has performed well, giving the group pre-tax profit an eight per cent [...]
Burberry share price down as retailer needs “accelerated actions” to keep profits steady against Chinese slowdown October 15, 2015 Burberry shares fell 11 per cent in morning trading as the company warned of deeper and quicker costs to keep profits on track, against falling demand in China and Hong Kong. The figures Overall, Burberry’s retail sales ticked up by two per cent, despite what the company is calling an “increasingly difficult” environment for luxury, to [...]
