Image copyright Reuters Metro Bank shares have fallen sharply for a second day running, after it unveiled plans to raise £350m from investors to plug a funding gap left by an accounting error. The bank revealed last month that it had underestimated the risk level of some of its commercial loans. As a result, it …
Shares in Ted Baker have tumbled over 11% after the fashion chain warned profits would be lower-than-expected. The retailer blamed currency movements, product costs and a writedown on unsold stock for the disappointment. It said full-year profit for the year ending on 26 January would be around £63m, compared to forecasts of £73.8m. The firm’s …
The BBC, home to crime drama Luther, and ITV, maker of Love Island and I’m A Celebrity, are in the “concluding phase of talks” to create a rival to Netflix. The BBC’s director general Tony Hall said the aim was to launch the “BritBox” rival to Netflix in the UK the second half of 2019. …
Image copyright Getty Images Marks & Spencer and Ocado have confirmed a deal which will give the High Street retailer a home delivery service for the first time. M&S will buy a 50% share of Ocado’s retail business for £750m. The joint venture will be called Ocado and will deliver M&S products from September 2020 …
Image copyright Getty Images Music streaming giant Spotify has launched its service in India, hoping to tap into millions of consumers in a rapidly growing market. Multilingual music recommendations and playlists featuring music from popular Bollywood movies are among the features on offer to attract users. The music streaming powerhouse will face stiff competition from …
Image copyright Getty Images Image caption Jim Ratcliffe is the founder and chairman of Ineos Britain’s richest man, Jim Ratcliffe, has announced £1bn worth of investments in the UK oil and chemical industries. Mr Ratcliffe’s company, Ineos, will spend £500m on overhauling the Forties pipeline system, which transports 40% of the UK’s North Sea oil …
A Colorado restaurant is attempting to use a voice assistant to take breakfast orders in their drive-through. Source by [author_name]
Image copyright AFP/Getty Image caption The French-owned firm claims to be the world’s largest sporting goods retailer French sportswear retailer Decathlon has scrapped plans to sell a hijab for women runners in France following a public outcry. The firm said it had decided to suspend the product following “a wave of insults” and “unprecedented threats”. …
Image copyright Getty Images The compilers of university rankings have warned that the UK’s strong performance in international league tables could be adversely affected by Brexit, if access is disrupted to European funding and research partnerships. The latest QS World University Rankings have been published – showing the top rated universities in individual subjects. UK …
Image copyright Getty Images Image caption Wonga sponsored Newcastle United during more successful times for the lender The finances of 10,500 borrowers are being “damaged from beyond the grave” by collapsed payday lender Wonga, according to a committee of MPs. Wonga fell into administration in August last year, with these customers awaiting ombudsman rulings on …