Money

Mothercare to shut 50 shops and restore CEO Mark Newton-Jones

Mothercare to shut 50 shops and restore CEO Mark Newton-Jones Carpetright has entered into a CVA and announced store closures, as has fashion chain New Look . In a statement, Mothercare said: "Recent financial performance, impacted in particular by a large number of legacy loss making stores within the United Kingdom estate, has resulted in a perilous financial condition for the group". [Full Article...]

Ocado Shares Soar After Deal With Kroger to Enter the US

Ocado Shares Soar After Deal With Kroger to Enter the US The alliance will bring to the US for the first time the unparalleled technology underpinnings of the Ocado Smart Platform, which includes online ordering, automated fulfillment and home delivery capabilities. Kroger will pay "compensation" to Ocado "in the event of a failure to commit to the target capacity", the United Kingdom firm said. Ocado has broken off talks with other USA superma... [Full Article...]

Fixed odds betting stakes could be lowered from £100 to £2

Fixed odds betting stakes could be lowered from £100 to £2 The government announced this morning that the maximum stakes on fixed odds betting terminals are to be cut from £100 to £2 to clamp down on the risk of "gambling-related harm". Share price reactions following the FOBT news would suggest that investors aren't overly anxious, or perhaps they haven't acknowledged the new risk. [Full Article...]

Market recovering post clarity in Karnataka

Market recovering post clarity in Karnataka The 30-share index was trading lower in the morning by 245.23 points, or 0.69 per cent, at 35,298.71. The Sensex fell 495.61 points or 1.37% from its intra-day high to close the session at 35,543.94. Meanwhile, the Indian Rupee rose by five paise to trade at Rs.67.74 against one U.S. dollar. The Small-Cap index edged up 0.06 per cent. Foreign portfolio investors (FPIs) net sold shares worth ... [Full Article...]

Feces-flinging woman attacks Langley Tim Hortons staff

Feces-flinging woman attacks Langley Tim Hortons staff On a video of security footage posted to YouTube, a woman can be seen angrily gesturing at staff. She then grabs some napkins and pulls down her trousers. "We are deeply concerned by this video as the safety of our team members and guests is always a top priority for us". The woman was detained by authorities and released with instructions to attend court at a later date. [Full Article...]

Admiral Group (LON:ADM) Increases Dividend to GBX 58 Per Share

Admiral Group (LON:ADM) Increases Dividend to GBX 58 Per Share Thomas J Herzfeld Advsrs has 0.14% invested in PZ Cussons Plc (LON:PZC). Pnc Fincl Services Grp holds 0% of its portfolio in Firstgroup plc (LON:FGP) for 34,901 shares. On Friday, May 11 the stock has "Add" rating by Peel Hunt. On Thursday, March 15 the rating was maintained by Numis Securities with "Hold". On Thursday, February 15 Deutsche Bank maintained esure Group plc (LON:ESUR) with "Hold" ra... [Full Article...]

Net neutrality gets a reprieve, but it could be short-lived

Net neutrality gets a reprieve, but it could be short-lived Wednesday's Senate vote on a resolution to reinstate net neutrality protections ended 52 in favor and 47 against. But most Republicans opposed the effort, saying the regulations were potentially too onerous and that Democrats were trying to use the issue for partisan gains in November. [Full Article...]

YouTube launches subscription music service, renames Red YouTube Premium

YouTube launches subscription music service, renames Red YouTube Premium The existing YouTube Music , which is only available in the U.S., Australia , New Zealand , Mexico, and South Korea, is a free ad-supported app that offers access to millions of audio- and video-based music . The move is aimed to take on Spotify and Apple Music - two of the most sought-after music streaming services. But YouTube has a spotty track record with music subscriptions in t... [Full Article...]

In the Network appeared shots of the updated Kia Sportage

In the Network appeared shots of the updated Kia Sportage The mild-hybrid starter-generator also extends combustion engine "off time" by shutting down the engine when coasting to a halt, rather than waiting until the vehicle is stopped like most start-stop systems . While some automakers have started ditching oil burners completely , others, such as Kia, continue to invest in new technology that helps diesels improve fuel economy and emit less CO2. [Full Article...]

Paddy Power in discussions to combine U.S. business with FanDuel

Paddy Power in discussions to combine U.S. business with FanDuel It added, however, that "there is no certainty as to whether agreement will be reached, or as to the terms or timing of any transaction" and said a further announcement will be made as appropriate. as more states pass their sports betting bills. FanDuel , which is based largely in NY as its main businesses are in America, still maintains a significant presence in Scotland. [Full Article...]

Rupert Murdoch's eldest son to run downsized 21st Century Fox

Rupert Murdoch's eldest son to run downsized 21st Century Fox John Nallen , now CFO of 21st Century Fox , will serve as chief operating officer of New Fox . The widely expected move comes as Fox tries to complete the Disney deal, which involves selling about $US52 billion ($65 billion) of entertainment assets. [Full Article...]

Rhetoric over USA exit from Iran deal rises

Rhetoric over USA exit from Iran deal rises The Russian Foreign Ministry believes that the United States will not revise its decision to pull out of the Iranian nuclear deal . The top official has reemphasized the country's position on the Joint Comprehensive Plan of Action, commonly to as the Iran nuclear deal: in particular, that country plans to receive the economic benefits from the agreement, which were initially stipulated in it.... [Full Article...]

Elon Musk says Falcon 9 is now 'most reliable rocket ever built'

Elon Musk says Falcon 9 is now 'most reliable rocket ever built' SpaceX has not really had a failure at launch since 2016 when a Falcon 9 exploded into a fireball before launch. SpaceX tracked the cause to liquid oxygen at the top phase tank which has trapped between the COPV overwrap and lining and sparked either from friction or alternative mechanics. [Full Article...]

WOW airline announces new flights from St. Louis to India

WOW airline announces new flights from St. Louis to India After disrupting the aviation market in Iceland, Mogensen is bringing his low-priced carrier to India - New Delhi to begin with. The introductory fares would connect passengers from New Delhi to any of the 15 North American cities - New York, Los Angeles, Boston, Chicago, and Toronto - and London that are part of $484-million WOW's current network. [Full Article...]

European Finals to be shown free on YouTube

European Finals to be shown free on YouTube Instead, BT Sport will make comprehensive highlight available on its online channels and via YouTube and clips on Twitter in order to attract mobile viewers. In a reverse of the current schedule, RTE will now have first pick of Tuesday night Champions League fixtures, with TV3 getting first choice on Wednesday. [Full Article...]

Ready to restart nuclear programme: Iran

Ready to restart nuclear programme: Iran Moscow "is not scared" On a visit to Tehran on Thursday, Russian deputy foreign minister Sergei Ryabkov said the two countries meant to continue "all round economic cooperation". Exports of German goods to Iran rose by around 400 million euros to 3 billion euros. Boris Johnson has held talks with his French and German counterparts as they work to save the Iran nuclear deal after the U.S. [Full Article...]

A Tesla just towed a Qantas Dreamliner

A Tesla just towed a Qantas Dreamliner The electric automaker teamed up with Qantas for a publicity stunt in which a Tesla Model X P100D pulled a 287,000-pound Boeing 787-9 Dreamliner almost 1,000 feet down the tarmac at the Melbourne Airport in Australia. Talking about the Tesla Model X P100D's mechanical strength, the EV uses an electric motor with the maximum output of 1,072Nm of torque. Tesla along with Qantas came ... [Full Article...]

Volvo's new US-built S60 won't get a diesel

Volvo's new US-built S60 won't get a diesel He did admit that a major advantage of diesel was long-range driving and low fuel consumption, but countered that the same benefits could now be achieved by the new generation of 48-volt mild-hybrids, which use electric starter-generator motors to help power the car's engine for short bursts, but come without the weight and complication of more conventional hybrids. [Full Article...]

Crude Oil Prices Defy Forecast, Hit $78.18

Crude Oil Prices Defy Forecast, Hit $78.18 Brent for July settlement fell 2 cents to $78.21 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate crude for June delivery traded at $70.89 a barrel on the New York Mercantile Exchange, down 7 cents, at 3:16 pm in Singapore . [Full Article...]

Emilia Clarke says there's no gender pay gap with 'Game of Thrones'

Emilia Clarke says there's no gender pay gap with 'Game of Thrones' On the show coming to an end, she said: 'It really feels like preparing to leave home, is how it feels. Speaking at Kering Woman in Motion at the Cannes Film Festival , she said: 'On Game Of Thrones , I have always been paid the same amount as my male co-stars. [Full Article...]


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