Tesco comes to single shoppers’ rescue this Valentine’s Day with a new way to find The One when Tinder hasn’t worked February 6, 2016 Every multinational retailer’s favourite celebration of love is coming up. But if you’re still on the hunt for that special someone to share Valentine’s Day with, forget Tinder and other dating apps. This year, there’s a new way to find the one: through your shopping basket. Tesco has lent a hand to shoppers looking for [...]
Twitter to launch algorithmic timeline as early as next week February 6, 2016 Jack Dorsey has shown he’s not afraid of making changes. Since he retook the helm at Twitter last October, the firm has axed favs, replacing them with likes, and could be binning its unique 140-character limit. But it looks like Twitter’s biggest change yet is in the works now. Reports in Buzzfeed suggest Twitter is [...]
Market volatility will continue as emerging markets pay off debt, warns Bank for International Settlements February 5, 2016 The volatility that has rocked financial markets since the start of the year is likely to continue, the ‘bank for central banks’ has warned. The strength of the dollar is leading many emerging market economies to start paying off their dollar debts – deleveraging – in response to the strengthening of the dollar. A strong [...]
FTSE 100 ends the week lower as European markets are hit by weak US jobs data February 5, 2016 After another tumultuous week on the markets, the FTSE 100 it 0.86 per cent lower, at 5,848 points, after weak US jobs data weighed on global markets. Other European markets followed suit, with the Cac falling 0.6 per cent to 4,200 points, while the Dax dipped 1.1 per cent to 9,286 points. The biggest fallers included [...]
Standard & Poor’s puts Syngenta on negative watch after ChemChina bid February 5, 2016 Credit ratings agency Standard & Poor's (S&P) has placed Syngenta on negative watch, following the Swiss pesticide and seed giant's acceptance of a $43bn (£29.7bn) bid from China state-owned firm ChemChina. S&P said it's placed Syngenta's "A+" long-term credit rating and "A-1" short-term credit rating on negative watch, saying they could be lowered if and when the deal with ChemChina closes. "While the [...]
Apple expands “Reuse and Recycle” programme to let people trade in their broken iPhone February 5, 2016 Apple is finally letting iPhone owners cash in their broken models to upgrade to the latest version. The tech giant is expanding its so-called “Reuse and Recycle” programme to allow customers to sell their broken phones for credit they can then use to upgrade to a new phone. Previously, this programme was limited to phones [...]
Quindell buyer Slater and Gordon’s UK chief executive steps down February 5, 2016 The UK chief executive of the law firm which bought the professional services of arm of embattled Quindell last year has stepped down. Neil Kinsella was the first chief executive of Slater and Gordon from 2012 to 2013, after it took over Russell Jones and Walker (RJW), before becoming its interim head of general law. He was [...]
LinkedIn shares are in freefall after issuing downbeat financial forecast February 5, 2016 LinkedIn shares are plummeting, down 37 per cent as markets opened in the US. The falling share prices comes after LinkedIn issued a downbeat financial forecast for 2016. The social media giant said it forecast earnings of $0.55 per share, well below analysts' expectations of $0.74 per share. Read more: Which tech giant makes $1,409 profit [...]
Imperial Tobacco is rebranding to Imperial Brands February 5, 2016 Imperial Tobacco is rebranding. In a surprise move, the FTSE-listed tobacco giant best known for its Davidoff and Gauloises brands has moved to distance itself from tobacco. From now on, its opting instead for the more mysterious name Imperial Brands. Imperial’s new name, approved by shareholders at the AGM on Wednesday, will come into effect [...]
CMC Markets’ share price falls during first morning of public trading, after IPO valued firm at £691m February 5, 2016 CMC Markets' share price fell during its first morning of trading on the London Stock Exchange, despite having already listed at the lower end of its price range. The spreadbetter priced its shares as 240p, giving the firm a valuation of £691m, for its debut on the main market today – lower than the £730m originally expected. [...]
