Saturday, 23 June 2018

Business

Superdry founder banks £18 million in share sale

Julian Dunkerton, who now acts as the firm’s product and brand director, sold one million shares at £17.80 each, or 1.23% of the group. It comes following 12 months of share price gains for Superdry, which was previously knows as SuperGroup. Shares have risen 20% over the past 12 months ...

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Amazon UK to create 400 new jobs

LONDON: Amazon UK said on Monday it would open a new fulfillment center in Rugby, central England, increasing its 2,500-strong workforce in the Midlands by another 400 people. Rugby will be the fourth Amazon fulfillment center in the region, and joins centers in Coalville and Daventry, which opened in 2016, ...

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UK economy could start to pick up, says Mark Carney

LONDON: Britain’s economy has the potential to start catching up with the rest of the world as the outcome of the Brexit negotiations becomes clearer, the governor of the Bank of England has said. Mark Carney said there was the prospect of a “conscious recoupling” after seeing the international economy ...

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Hackers are making ATMs spit out cash, report warns

LONDON: Hackers able to make ATMs spit cash like winning slot machines are now operating inside the United States, marking the arrival of “jackpotting” attacks after widespread heists in Europe and Asia, according to security news website Krebs on Security. Thieves have used skimming devices on ATM machines to steal ...

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Woman reveals how she bought her first home at 20

BRISTOL: Struggling to get on the housing ladder? You’re not the only one. Huddersfield was recently revealed as one of the top ten towns in the country for rising house prices during 2017, and with average prices here standing at £187,000, many young people won’t be getting on the ladder ...

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Cryptocurrencies fall after hack hits Japan’s Coincheck

TOKYO: Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked. Coincheck said it was investigating “unauthorised access” of the exchange that appeared to result in a loss worth half a billion US dollars of NEM, the ...

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Relief for UK workers after Bombardier trade dispute victory

LONDON: British politicians and union leaders hailed Bombardier’s surprise trade victory against U.S. planemaker Boeing Co, saying it had safeguarded thousands of jobs in Northern Ireland and across UK supply chains. Friday’s ruling by the U.S. International Trade Commission (ITC) was also a boost for British Prime Minister Theresa May, ...

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Nutella Discounts Spark Chaos in French Supermarkets

PARIS: Brawls have broken out in French supermarkets as shoppers scramble to get their hands on discounted jars of chocolate and hazelnut spread. Chaotic scenes were filmed in several supermarkets across the country operated by the Intermarche chain, which offered massive discounts on jars of Nutella. The promotion, launched on ...

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UK retail sales grow modestly in January – CBI

LONDON: British retail sales grew at a modest pace in January but were weak for the time of year, with grocers doing well but department stores struggling, an industry survey showed on Thursday. The CBI distributive trades survey’s retail sales balance fell to +12 in January from +20 in December, ...

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£1m a year bid to find UK site for nuclear waste disposal

LONDON: The UK government has launched a public consultation today to help it decide where to develop a new radioactive waste storage site, offering communities up to £1m a year to host the facility. A so-called geological disposal facility would involve placing radioactive waste created by Britain’s nuclear plants at ...

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