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Amazon logo building

Amazon destruction: Online retailer loses almost $500m in worst quarter ever. Here’s why

Fri, 24 Oct 2014 11:34 am| By Harry Cockburn

Amazon’s net losses reached almost half a billion dollars over the past three months, making it the worst quarter in the company’s history, the retail giant has revealed.

The EU's bearing on UK politics

How much do we give the EU, and how much do we get back?Video

Fri, 24 Oct 2014 11:32 am| By Robyn Vinter

In terms of money, the UK gave the EU €14.5bn in 2013, and directly got back €6.3bn.

Cambridge University

Which city has seen the fastest growth in house prices? (Hint: It's not London)

Fri, 24 Oct 2014 11:12 am| By Shruti Tripathi Chopra

Admit it Londoners, you’re pretty smug about how the pricetag of your property is a national obsession.

Buckingham Palace guards

Ammunition found in Buckingham Palace, police officer arrested

Fri, 24 Oct 2014 10:27 am

Scotland Yard arrested a Royal Protection Officer yesterday after ammunition was discovered in a building in Buckingham Palace.

Pay Packet wages money envelope

Here’s why your pay won’t be going up any time soon...

Fri, 24 Oct 2014 10:21 am| By Robyn Vinter

Most private sector employees are unlikely to see above inflation pay rises in 2015, according to a report.

EU flag

Why has the UK been handed a massive £1.7bn bill from the EU?

Fri, 24 Oct 2014 9:23 am| By Robyn Vinter

Believe it or not, there are downsides to an improved economy – something the UK has just found out.

Battersea Power Station

Check out the lush new roof garden that’ll be on top of Battersea Power Station

Thu, 23 Oct 2014 12:56 pm| By Sophie Hobson

It’s going to be one of London’s largest roof gardens – a space more than 350 metres long full of interlacing garden walkways, mini forests of birch trees and free-standing hammocks. There’s even a fitness deck.

WOW air plane

Fly from London to the US for just £99 next year, taxes included

Thu, 23 Oct 2014 12:10 pm| By Robyn Vinter

Londoners will soon be able to fly one way to the US for just £99, after an Icelandic airline unveiled a new route.

Drones

The illegal drones flying above London... and the chair of the government's drones committee who was “horrified” to discover Google MapsVideo

Thu, 23 Oct 2014 11:36 am| By Robyn Vinter

Drone footage can be breathtaking, capturing aerial views that you just can’t get any other way.

Facebook dislike button

Facebook's UK corporation tax bill: £0

Thu, 23 Oct 2014 9:32 am| By Shruti Tripathi Chopra

Facebook’s UK corporation tax bill last year? Zero, zip, zilch, nada, compared to its net profit of $1.5bn last year.

Tesco plastic bag representing Tesco law

Tesco woes: Profit tumbles, chairman quits & accounting mistake greater than estimated

Thu, 23 Oct 2014 9:02 am| By Shruti Tripathi Chopra

They say the bigger they are, the harder they fall - this rings true for Britain’s biggest supermarket Tesco today.

Liverpoool street bomb scare

Police are investigating a "suspect vehicle" near Liverpool Street Station

Wed, 22 Oct 2014 3:40 pm

Update: Cordons have now been lifted as the owner of the vehicle was found

Warren Buffett

Bad things come in threes! More blows for Buffett portfolio

Wed, 22 Oct 2014 12:15 pm

Just days after he dumped 245 million Tesco shares, Warren Buffett and his investment company Berkshire Hathaway are back in the news. This time it’s hits on his investments in Coca-Cola and IBM that’s making headlines.

Mike Read writer of UKIP Calypso

UKIP Calypso withdrawn by DJ Mike Read following racism complaints

Wed, 22 Oct 2014 11:58 am| By Harry Cockburn

Former Radio 1 DJ Mike Read has requested that UKIP Calypso, a song he recorded and also performed at the UKIP party conference, be withdrawn from sale following complaints that it was racist.

ban on e-cigarettes

E-cigarettes were banned from London buses, trains & Tubes in August. Why didn't TfL let you know?

Wed, 22 Oct 2014 11:47 am| By Shruti Tripathi Chopra

If you’re reading this on the bus/Tube/train, you may want to put that e-cigarette away right now.

Ryan Coetzee right leaves meeting

Oops – Lib Dem manifesto leaked after strategy chief photographed with document

Wed, 22 Oct 2014 11:13 am| By Harry Cockburn

Ryan Coetzee, right, leaves a meeting. Photo via Twitter

Tesco Lorry

How many billions does Tesco need for a turnaround?

Wed, 22 Oct 2014 11:11 am

A whopping £3bn and strict travel policies – that’s what Britain’s beleaguered supermarket Tesco needs for a turnaround.

Cameron and Osborne House of Commons

Deficit grows as government spending is up 10%. Is the economic plan still working?

Wed, 22 Oct 2014 9:17 am| By Harry Cockburn

The Tories have defined themselves as the party dedicated to cutting the deficit, and the words “the long-term economic plan is working” have practically become a mantra for David Cameron and George Osborne.

McDonald's

Infographic: McDonald's - the facts, figures and controversies of the world's biggest fast food brand

Wed, 22 Oct 2014 8:58 am| By Harry Cockburn

More people across the planet are familiar with the so-called “golden arches” of McDonald’s than they are with age-old icons such as the the 2,000 year-old symbol of Christianity - the crucifix - and the furthest you can get away from a McDonald’s in America is a mere 115 miles, and that’s if you wander into the Nevada Desert.

Satya Nadella magic carpet with money

Revealed! Microsoft boss who said women should rely on "karma" for fair pay earns $84m

Tue, 21 Oct 2014 11:38 am| By Harry Cockburn

Satya Nadella, the Microsoft chief executive who gained unwelcome notoriety this month after saying that women shouldn’t ask for a pay rise, is himself on a blockbuster pay package worth over $84m, it has emerged.

LSE building

KPMG axes £22K sponsorship of LSE sports after men’s rugby club calls women “slags”

Tue, 21 Oct 2014 11:30 am

KPMG has dropped its sponsorship of the London School of Economics (LSE) athletics union (AU) after the university men’s rugby club handed out offensive leaflets during this year’s Freshers’ Fair.

iPhone 6 released

Apple sold 169.2 million iPhones in 2014 - this graph shows the stonking rise of iPhone sales

Tue, 21 Oct 2014 11:09 am| By Shruti Tripathi Chopra

Apple’s “record-breaking” iPhone launch has pushed fourth-quarter earnings to a stonking $8.47bn (£5.24bn).

Taxi Gherkin bomb scare

Bomb scare outside Gherkin as police carry out controlled explosion on London taxi

Tue, 21 Oct 2014 10:27 am| By Robyn Vinter

Source: Picture: Peter Hoskins/Sky News

Waterstones

Why has Waterstones invited guests for a sleepover?

Tue, 21 Oct 2014 9:31 am| By Shruti Tripathi Chopra

Did you hear about the guy who caused a tizzy on Twitter after getting locked inside Waterstones’ Trafalgar Square branch? Well, that story just got better.

travel disruption

Hurricane Gonzalo causes severe travel disruption as Heathrow cancels 10% of flights

Tue, 21 Oct 2014 8:56 am| By Shruti Tripathi Chopra

Heathrow airport had to cancel 10% of its flights with the 20 biggest carriers because of Hurricane Gonzalo that hit the UK yesterday.

Woman inspects money

Infographic: from bartering to Bitcoin - the history of money

Mon, 20 Oct 2014 4:28 pm| By Harry Cockburn

Money has been a key part of our species’ history. With huge markets, money has been responsible for helping humans achieve astonishing feats, as well as driving some of our most shameful episodes.

Burberry lad man car rage anger what England

How has Burberry angered over 140,000 people?

Mon, 20 Oct 2014 12:36 pm| By Harry Cockburn

Luxury clothes retailer Burberry has kicked up a media storm for all the wrong reasons after an animal welfare group slammed the “horrific” conditions animals endure in fur farms used by the company.

UKIP calypso frankenstein

Here's UKIP’s cringeworthy (but surprisingly catchy) song. We dare you to listenVideo

Mon, 20 Oct 2014 12:23 pm| By Robyn Vinter

Just when you thought UKIP couldn’t get any weirder, this happens.

Great firewall of China

Chinese government hires up to 300,000 online trolls to promote Communist Party

Mon, 20 Oct 2014 11:19 am| By Harry Cockburn

It’s certainly not what Tim Berners-Lee had in mind when he devised the technology that brought on the dawn of the internet age.

Hurricane Gonzalo bruises Bermuda

Hurricane Gonzalo set to hit Britain tonight after bruising Bermuda

Mon, 20 Oct 2014 11:05 am

Around 10pm tonight, Britain will be hit by Gonzalo, a hurricane which left Bermuda with a power blackout last week.

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Tesco bags trolley

Tesco's £250m profit error: did staff deliberately mislead auditors?

Mon, 20 Oct 2014

Tesco is in for more trouble as investigators are set to reveal this week that the retailer’s £250m accounting mistake was made because of staff “deliberately misleading auditors”.

Union jack money flag pounds coins

Exodus! One third of wealthy Londoners "to leave London in next five years"

Mon, 20 Oct 2014

Almost one in three wealthy Londoners are planning to leave in the next five years, according to a report by Barclays Wealth and Investment Management.

Balls with smiley faces - Small business confidence 'rises slightly'

Consumer confidence hits three-year high, says Deloitte

Mon, 20 Oct 2014| By Rebecca Hobson

Consumer confidence is at its highest in three years, and a recovery in real incomes is set for the turn of the year, says accountancy firm Deloitte.

Ineos Grangemouth refinery energy gas shale fracking

Energy bills don’t add up: Spending on electricity and gas soars as consumers use less

Fri, 17 Oct 2014| By Harry Cockburn

An energy crisis is on the horizon as the UK is paying more than ever for electricity and gas despite using less.

Books books galore

Man gets locked in a London Waterstones: Twitter reacts hilariously

Fri, 17 Oct 2014| By Robyn Vinter

Ever wanted to spend a night in a bookshop? The bibliophile’s dream actually came true for one tourist after he was locked in Waterstones last night.

New Scotland Yard

Terror threat is increasing in Britain, says Scotland Yard

Fri, 17 Oct 2014| By Robyn Vinter

Police have foiled several terrorism plots this year, but the threat is only increasing, Britain’s most senior counter-terrorism officer said.

Nigel farage upset

How did UKIP lose £1m a year of funding?

Thu, 16 Oct 2014| By Robyn Vinter

Nigel Farage found his party’s funding slashed by £1m a year this week after a shake-up in Brussels.

Eu migration graph

How much EU immigration is there, really? How is it affecting UK population growth?Video

Thu, 16 Oct 2014| By Sophie Hobson

We all know the UK population is growing rapidly, and the strain that it is putting on our national resources, especially jobs, housing, NHS and welfare.

Bill Gates and Warren Buffett

3 things Bill Gates says he learnt from Warren Buffett

Thu, 16 Oct 2014| By Robyn Vinter

Bill Gates may be the richest person alive, but it seems he has learnt a thing or three from Warren Buffett.

Google nexus Lollipop

Check out Google's new smartphone and tablet ahead of launch of Lollipop operating system

Thu, 16 Oct 2014| By Harry Cockburn

Google is set to roll out the fifth incarnation of its Android operating system tomorrow. Named Lollipop, the system has been designed to appeal to businesses.

Cyber security hacking computers

UK is Europe’s number one target for cybercrime

Thu, 16 Oct 2014| By Harry Cockburn

The UK spends more on cyber defence than any other European state, and rightly so. New statistics have emerged showing that the UK suffered significantly more cyber attacks over the first half of 2014 than any other state across Europe, the Middle Eastern or Africa (EMEA).

Cameron Stop No

Tories consider “emergency brake” on EU immigration as UKIP gains ground

Thu, 16 Oct 2014| By Harry Cockburn

The Conservatives are mulling over the idea of an “emergency brake” on immigration from EU member states, following UKIP’s rapid gains.

Warren Buffett

Buffett fire sale for Tesco shares as supermarket branded “laughing stock” by suppliers

Thu, 16 Oct 2014| By Harry Cockburn

Tesco has been branded “leaderless” and unable to run its commercial operations properly, according to some of its biggest suppliers.

Radical Housing Network protests to #StopMIPIM & #BlockBoris

In pictures: Protestors gather to #BlockBoris at massive property conference in London

Wed, 15 Oct 2014

Housing justice protestors have surrounded Olympia to campaign against MIPIM, the world’s biggest property conference.

Graduates

Easy at the top: CEOs undergoing fewer interviews than graduates for jobs

Wed, 15 Oct 2014| By Sophie Hobson

We all know how difficult it is at the moment for graduates to get their first post-uni job.

Pay Packet wages money envelope

The employment rate reaches a near all-time high – but pay continues to fall

Wed, 15 Oct 2014| By Robyn Vinter

The UK unemployment rate has dipped below two million for the first time since 2008.

Facebook Zuckerberg

Mark Zuckerberg just donated $25m to fight ebola – here are the world's most charitable tech CEOs

Wed, 15 Oct 2014| By Shruti Tripathi Chopra

Facebook boss Mark Zuckerberg and his wife Priscilla Chan have donated a generous $25m (£15.7m) to prevent the outbreak of ebola.

Coca Cola truck lorry

Coca-Cola could become the new Boris Bikes sponsor. Here are its other most contentious deals

Wed, 15 Oct 2014| By Harry Cockburn

Are London’s iconic blue Boris bikes set to turn red?

Smoking in the park London

Boris urged to ban smoking in London parks and squares

Wed, 15 Oct 2014| By Harry Cockburn

Mayor of London Boris Johnson has been urged to introduce new bylaws banning smoking in public parks and squares across the capital.

Lord Sugar

10 best Lord Sugar quotes of all time

Tue, 14 Oct 2014

Lord Sugar is back on your TV screens tonight to choose his next business partner and give the finger to other wannabe business stars.

Traffic Jam M25 Motorway cars congestion

Car-mageddon: Congestion costs London $8.5bn a year and it’s getting worse

Tue, 14 Oct 2014| By Harry Cockburn

Exasperated by the slow crawl into work? Fed-up of traffic fumes? London is grinding to a halt, and as the transport crisis worsens, it is wreaking economic havoc on the capital.

Former Prime Minister Tony Blair

Tony Blair may have been target of Mumbai-style terror attack

Tue, 14 Oct 2014

A terror suspect may have been targeting former Prime Minister Tony Blair, in a Mumbai-style terror attack, an Old Bailey jury heard today.

Shopping trolley basket inflation prices money economy

Inflation rate falls to 1.2% - its lowest since 2009

Tue, 14 Oct 2014| By Harry Cockburn

The UK’s Consumer Price Index measure of inflation has fallen to 1.2% over September, down from 1.5% the month before.

Google the All seeing eye

Which tech giant is Google's biggest search rival? (Hint: It's not Bing or Yahoo)

Tue, 14 Oct 2014| By Shruti Tripathi Chopra

Which search goliath is Google’s biggest rival? No, not Yahoo or Bing. It’s the amazing Amazon.

Hedge Fund Rich List is out, who’s first place?

The world's richest 1% own nearly half of $263 trillion global wealth

Tue, 14 Oct 2014

Here’s a stat that may make you choke on your coffee today – the world’s richest 1%, the people who individually are worth more than $798,000, own more than 48% of global wealth.

Farage barrage parliament sky ukip

Nigel Farage is invited on to live TV debates as UKIP plans to get 25 seats in the general election

Mon, 13 Oct 2014| By Robyn Vinter

UKIP is planning to win 25 seats at the general election next year, and could even take over from the Lib Dems as the UK’s third party.

NHS strike

NHS workers went on strike for the first time in 30 years – but why?

Mon, 13 Oct 2014| By Robyn Vinter

Thousands of NHS staff have been on strike this morning over pay for the first time in 32 years.

Rocket taking off

This chart shows the staggering growth of FTSE100 CEO earnings since 2000

Mon, 13 Oct 2014| By Sophie Hobson

The chief executives of FTSE100 companies (the 100 biggest companies listed in the UK) have seen their total earnings soar since the turn of the century.

Fat cat

City bosses now earn a phenomenal 120 times more than you

Mon, 13 Oct 2014| By Robyn Vinter

FTSE100 directors have seen a 21% increase in total pay in just a year, while the average employee is struggling to get pay rises at all.

Eurostar train

The government is selling its Eurostar stake to raise up to £300m

Mon, 13 Oct 2014| By Sophie Hobson

George Osborne is announcing today that the government plans to sell its 40% stake in Eurostar.

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