All eyes on Mario Draghi as Eurozone inflation slides to a five-year low 0.3 per cent for November November 28, 2014 Eurozone inflation slumped to a five-year low in October, turning up the heat on the European Central Bank to act in order to avoid a damaging deflationary spiral. The flash figure of 0.3 per cent for November was down from 0.4 per cent in October, Eurostat said. This was in line with economists' estimates according [...]
Merlin Entertainments will open the first Legoland theme park in South Korea in 2017 November 28, 2014 Merlin Entertainments, owner of Alton Towers and Madame Tussauds, has announced that it will be building a £172m Legoland theme park in South Korea. The company, which floated last year, said it will be funding just under a third of the project. The rest will be paid for by a property company that's owned by a consortium [...]
In pictures: Black Friday UK 2014 – police called to branches of Tesco and Asda as crowds swamp stores November 28, 2014 Police have been called to supermarkets all over the UK amid fears of overcrowding, as shoppers stormed supermarkets in order to grab some Black Friday deals. US import Black Friday has prompted shoppers to flock to stores as retailers like Sainsbury's, Marks & Spencer and John Lewis slash prices. There are huge discounts available on everything [...]
Profitability up at Daily Mail as digital aids print November 26, 2014 The Daily Mail and General Trust (DMGT) said preliminary full-year revenue rose three per cent to £1.8bn, as digital revenues helped to offset fall in print. DMG Media, its media side which includes Metro and MailOnline, said full-year revenue remained unchanged. Total advertising revenue was up five per cent, and the group said digital advertising [...]
In charts: Spending on Black Friday, Cyber Monday and Manic Monday to peak at £470k per minute November 26, 2014 Retailers including Tesco, Marks & Spencer, John Lewis, Amazon and Currys PC World are gearing up for what are tipped to be some of the biggest shopping days of the year. The retailers have unveiled a whole range of deals on everything from electricals like TVs, tablets and other gadgets to designer watches, clothing and [...]
Theresa May’s new terrorism bill will allow passports to be seized for 30 days and require internet companies to identify individuals November 26, 2014 Theresa May has published the new terrorism bill, which includes a raft of new terrorism measures that she hopes will help protect the UK from what's been described as the rising terror threat. In a speech made earlier this week the home secretary said that the UK faced its greatest terror threat since any time [...]
City lawyer Andrew Benson accused of faking “extraordinary” three year court case November 26, 2014 A City lawyer is accused of inventing numerous hearings, rulings, meetings and judgements in a three year lie, according to an extraordinary court ruling that emerged last week. Andrew Benson, who had been a partner in the fraud team of dispute specialists Bryne and Partners LLP, is said to have used fake litigation to deceive his [...]
CBI: Employers must promote flexible working if they want to attract the best workforce November 26, 2014 Businesses must do more to encourage flexible working as employees feel uncomfortable asking about the options available to them, the CBI has warned. It said although some employers dismiss flexible working as an optional extra, it boosts productivity, encourages employee satisfaction and aids workplace diversity – which is why businesses must embrace flexible working in [...]
Daily Mail owner says digital ads revenue offsets decline in print: Full-year revenue up 3 per cent November 26, 2014 The Daily Mail and General Trust (DMGT) said preliminary full-year revenue rose three per cent to £1,864m, as digital revenues helped offset declines in print. DMG Media, the company's media side which includes Metro and MailOnline, said full-year revenue remained unchanged. Total advertising revenue was up five per cent, and the group said digital advertising [...]
Banks will take a generation to fix “toxic and aggressive” culture November 26, 2014 British retail banking has a "toxic" and "aggressive" culture that will take a generation to fix, a new report has said. The report into the culture of British retail banking, by think tank New City Agenda and Cass Business School, found bad behaviour had cost the industry £38.5bn in fines and compensation over the past [...]
