Coats owner Guinness Peat is unravelled by pullover pain as shoppers shun knitwear

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Coats owner Guinness Peat is unravelled by pullover pain as shoppers shun knitwear Tuesday 28 October 2014 9:24 pm Share whatsapp Tags: NULL whatsapp Michael Bow Bow Show Comments ▼ Shoppers shunning chunky knitwear sparked a sales decline at Coats’ clothing division last quarter, leaving group sales growth at zero per cent. Guinness Peat, the listed vehicle which owns Coats, reported a 10 per cent fall in like-for-like sales at fashion unit Craft for the three months ending 27 October .Guinness Peat blamed the “impact of lower demand for fashion handknitting products” in the US and Europe as one of the reasons for the fall.However, a pickup in handknitting sales in the US helped make third-quarter sales better than the second quarter, it said, adding that the outlook for Crafts was mixed.The company said that Craft’s performance was expected to improve on the first half of 2014, “driven primarily by increased sales and cost reduction initiatives, however trading will remain challenging”.The Coats business dates back to the 1750s and it also has an industrial division, which makes the cotton used in the humble tea bag.Sales at its industrials group – which also makes products such as zips – rose five per cent on a like-for-like basis, helping to cushion the drop at Crafts, leaving overall group sales flat.Guinness Peat was formed from a spin out of Irish investment bank Guinness Mah on in the early 1990s. last_img read more

Facebook beats expectations as mobile grows

first_img Facebook beats expectations as mobile grows Tuesday 28 October 2014 10:10 pm Share Facebook has posted impressive third-quarter results with growth in both revenue and users.Yet despite beating analysts’ expectations, markets had expected a stronger performance and shares in Facebook dropped eight per cent in after-hours trading last night. The firm also warned of higher costs next year. The multi-billion dollar company grew its daily active users by 19 per cent from a year ago, with the number of monthly active users growing by 14 per cent. Wall Street had expected the social media firm to post revenue for the third quarter of $3.1bn (£1.92bn) up from $2bn last year. However, Facebook did one better, reporting revenue of $3.2bn, a 59 per cent increase.Profit soared 90 per cent from the same quarter last year to reach $806m. Perhaps some of the most welcome results will be the number of mobile daily active users, which has risen to 1.12bn reflecting the rise in smartphones.Mobile ad revenues contributed 66 per cent of all ad revenue, up from 49 per cent the same time last year. Mobile ad revenues are seen as key to the future success of the company. When Facebook made its debut on the US stock market two years ago, mobile ads raked in relatively trivial sums. Mark Zuckerberg, Facebook founder and chief executive, said: “We continue to focus on serving our community well and continue to invest in connecting the world over the next decade.” Facebook also disclosed the financial performance for WhatsApp, a mobile messaging app that the company acquired earlier this month for $22bn. WhatsApp lost $232.5m in the first six months of 2014, compared to a loss of $58.8m in the first six months of 2013. Guy Bentley Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesFreight & Shipping Quotes | Search AdsUndocenter_img Tags: Facebook whatsapp whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wraplast_img read more

YouTube could lose about 20,000 songs, including Pharrell’s Happy

first_imgThere’s a fight brewing between YouTube and a group representing 46 artists and songwriters, including Pharrell Williams, John Lennon and even Ira Gershwin, which could result in all their songs being removed from the online streaming site. Let’s put it this way: Pharrell is not Happy…Global Music Rights (GMR) is the company behind the dispute. It was established last year by Irving Azoff – who has managed Christina Aguilera, the Eagles and Steely Dan – to help artists get the licensing money they deserve. This week it emerged that the company’s lawyers have sent letters to YouTube, demanding that it pulls 20,000 songs off its site, because it doesn’t have a licence to play them.Google, YouTube’s parent com­pany, countered that it did have the right licences, which it negotia­ted for its subscription service, YouTube Music Key, launched last week.But the Wall Street Journal reported that the lawyer, Howard King, had written that each broadcast of one of its songs constitutes “a willful copyright infringement”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health Share Emma Haslett Tags: NULL Show Comments ▼ YouTube could lose about 20,000 songs, including Pharrell’s Happy center_img Thursday 20 November 2014 8:33 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp whatsapplast_img read more

Property firms Barratt Developments and Taylor Wimpey line up to join FTSE 100 as IMI and Petrofac drop out

first_img whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Share Tags: Barratt Developments Company Petrofac Taylor Wimpey Show Comments ▼ Two companies are on track to be promoted to the FTSE 100 this week as the UK’s main stock indices undergo a reshuffle.Residential property development companies Barratt Developments and Taylor Wimpey are both in line to be moved on to the FTSE 100 index from their current position on the FTSE 250.The FTSE 100 is list of the 100 largest companies listed on the London Stock Exchange (LSE).The firms would replace engineering firm IMI and oilfield services provider Petrofac, whose share prices have been hit by the oil price slump. Currently, the list is only indicative with the final decision set to be taken tomorrow.IMI and Petrofac would be relegated to the FTSE 250, the 101st to the 350th largest companies listed on the LSE.Designer shoe maker Jimmy Choo, which recently floated, and Spirit Pub Company are set gain entry to the FTSE 250. There are also FTSE 250 companies that are eligible for potential demotion to the FTSE small-cap index – the 351st to the 619th largest listed companies on the London Stock Exchange.These include oil company Enquest, industrial manufacturers Fenner, iron ore producers Ferrex­po, estate agents Foxtons, Hochschild Mining and Spirent Com­m­unications.In order to balance the demotion of six firms to the FTSE small-cap index, some companies may be moved up into the FTSE 250 index.These could potentially be Allied Minds, CLS Holdings, Game Digital and Greggs. The final decision will be announ­ced after the markets close on Wednesday 3 December and made effective after markets close on Friday 19 December – from the start of trading on Monday 22 December.The movements are subject to the final decision and approval of the FTSE EMEA (Europe, Middle East and Africa) Committee. whatsapp Monday 1 December 2014 9:17 pm Property firms Barratt Developments and Taylor Wimpey line up to join FTSE 100 as IMI and Petrofac drop out Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. last_img read more

EU VAT rule change could hike the cost of ebooks

first_img Show Comments ▼ Jeff Misenti EU VAT rule change could hike the cost of ebooks whatsapp Thursday 1 January 2015 9:35 am Share whatsapp After weeks of deep discounts and mega-sales courtesy of Black Friday, Cyber Monday and Boxing Day, shoppers may be a bit miffed to find out that at the start of the new year they may have to pay more for their ebooks.As a result of a change in EU tax rules, digital products will be charged VAT at the rate of the customer’s home country. The changes which came into force today are the last element of the EU’s 2008 tax harmonisation programme to be implemented. Because there is significant tax competition within the EU suppliers tend to base themselves in member states with relatively low rates of VAT such as Luxembourg rather than the UK, which has a relatively high rate of 20 per cent.The new rules mean companies such as Amazon will be paying more in VAT which is likely to be passed on to the consumer or will eat into the company’s profits. Britain’s small businesses may now have to account for 75 different VAT rates in 28 countries.KPMG conducted a poll of 156 businesses which are set to be affected by the changes, with three-quarters saying they might raise prices this year.Current rules surrounding VAT have led to the anomaly of digital books and newspapers having to pay the tax while their printed counterparts are exempt. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Tags: NULLlast_img read more

Permira reduces stake in Hugo Boss for fifth time in two years

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Permira reduces stake in Hugo Boss for fifth time in two years whatsapp whatsapp Monday 9 February 2015 9:08 pm Private equity firm Permira is cutting its stake in luxury fashion retailer Hugo Boss, it said last night.Red and Black – which is 60 per cent owned by Permira – will reduce its holding in the German fashion retailer from 32 per cent to 12 per cent.It means Permira’s stake in Hugo Boss falls to just over seven per cent.It marks the fifth time Permira has shrunk its stake in Hugo Boss in the last two years, with Red and Black having reduced its holdings to 32 per cent from 39 per cent in December.Red and Black will sell at least 7.35m shares – a deal worth €806m (£599m) at the luxury fashion retailer’s current share price.The share sell-off will be joined by separate share sales to PFC and Zignago Holding – entities of previous owners the Marzotto family.Red and Black took a €5.3bn euro stake in Hugo Boss eight years ago and appointed Claus-Dietrich Lahrs as chief executive. The retailer’s share price has increased four-fold since then.Red and Black has also agreed to wait for at least another 90 day period before announcing any further share sales. Share Express KCS Show Comments ▼ Tags: NULLlast_img read more

World of Warcraft gamers raise £1.25m for Ebola relief efforts thanks to charity pet

first_imgThursday 12 February 2015 4:54 am whatsapp Tags: Ebola More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com World of Warcraft gamers raise £1.25m for Ebola relief efforts thanks to charity pet Sharecenter_img Joe Hall Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoLivestlyThe Best Redhead Actresses, RankedLivestlyUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoGive It LoveRemember These Rare Sisters? See Them NowGive It LoveUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionUndo  Who says video games have no effect in the real world? World of Warcraft (WoW) gamers have collectively raised almost $2m (£1.3m) for Ebola relief efforts according to the game’s publisher Blizzard Entertainment. Blizzard created an in-game pet called Argi for players to “adopt”, with 100 per cent of the $10 fee for the “inter-goat-lactic” critter donated to the American Red Cross’ Ebola relief efforts. Argi was on sale from 3 December to 31 December, and in that time raised $1.9m (£1.25m) Blizzard said this week. That means roughly 190,000 of Argis were “adopted” by WoW gamers. (Source: Blizzard Entertainment) A Blizzard statement said: Thanks to the overwhelming majority of World of Warcraft players around the world who purchased the Argi pet, we’ve raised a total of more than $1.9m to support the ongoing Ebola relief efforts in Africa by the Red Cross. …the community embraced this cute little intergalactic nibbler, helping out a great cause in the process. The lovable sidekick is still available for purchase, but proceeds will no longer be directed to charity. Argi is not the first WoW pet to have been adopted by gamers for charitable causes. A similar sum was also raised for tsunami relief efforts in Japan by the Cenarion Hatchling pet, while the “Alterac Brew Pup” raised $1m for the Make-A-Wish foundation earlier this year. (Source: Blizzard Entertainment) Show Comments ▼ whatsapplast_img read more

British support for EU membership surges to all-time high

first_imgWednesday 25 February 2015 4:52 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesHistory 10[Gallery] The 25 Worst Casting Choices of All-TimeHistory 10ComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBall Jeff Misenti Share British support for EU membership surges to all-time high More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comcenter_img A record number of Brits want the UK remain in the EU, according to a new YouGov poll.Some 45 per cent of voters said they don’t want a “Brexit”, compared with 35 per cent who would choose to leave. The numbers represent the largest lead for the pro-EU camp since YouGov’s records began. Support for the EU has ticked up by three per cent since last month. There has been a massive turnaround in people’s attitudes toward the EU. In May 2012, YouGov showed those who wanted to leave the EU leading by a whopping 23 points.Analysts at HSBC recently warned that the UK was threatening to leave the EU at the worst possible moment. The report, which was written by Simon Wells and Liz Martins said:We believe the UK should stay in the EU. There is no evidence that being a member has harmed the economy – and it may well have benefited.Wells and Martin argued Britain was well positioned to benefit from plans to create a single market in services and a capital markets union. But a Brexit would not be economically intolerable, the report added:We think that most of the fundamental attractions of London would not change and that the City could remain a global financial centre: Brexit would not mean terminal decline for the City.The British Chamber of Commerce (BCC) has urged any referendum on Britain’s EU membership to be brought forward to head-off the effects of economic uncertainty.Director General of the BCC John Longworth warned that if the EU didn’t embark on serious reform “business support for the European project is far from guaranteed”.However, for the time being, support for Brexit among captains of industry remains pitifully low at one per cent, according to pollsters Ipsos Mori.Labour leader Ed Miliband has ruled any prospect of a referendum should he win the General Election. David Cameron has promised a renegotiation of Britain’s terms of membership followed by a referendum.Perhaps unsurprisingly the up and downs in support for EU membership have closely tracked economic confidence and the various crises afflicting the Eurozone. YouGov said:One possible explanation for the movement towards ‘in’ is that voters have become less interested in disrupting the status quo as they have increasingly felt its rewards. whatsapp Tags: Brexit whatsapp Show Comments ▼last_img read more

Silicon Roundabout costs are on the rise: East end property tech bubble pricing out small businesses

first_img Share Wednesday 4 March 2015 9:03 pm Express KCS whatsapp whatsapp Tags: Small business Tech City Silicon Roundabout costs are on the rise: East end property tech bubble pricing out small businesses More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ The property tech bubble in London’s east end is pricing small businesses out of the market.Shoreditch, Clerkenwell, Aldgate and Whitechapel: over the last decade these places have become the breeding ground for media and tech start-ups, as well as larger blue-chip companies looking to grow their digital operations.  However, East London’s success at cementing itself as the UK’s thriving tech hub has come at cost. Small to medium sized businesses warn today that they are being priced out of the market after a near doubling of rents over the last five years.   “We are feeling the pinch” Jeremy Thompson, chief executive of media agency Gorkana told City A.M. His company is seriously considering exiting its three buildings on Old Street because it faces a huge hike in its rent bill under a current rent review.  Shoreditch and its surrounds have attracted firms like Unilever “We have got almost 600 people in three buildings in Old Street and we are increasingly wondering if we need to be in this part of town,” he said.  “It used to be a cost effective area to be in but that is changing and the cost of hiring is also increased. There is also a drain on talent because when you have big players like Google coming in, you can’t compete with them,” Thompson added.  Communications agency Splendid  was also faced with the tough decision earlier this year of whether to stay or leave, after its landlord  wanted to double the rent at its office on Tabernacle Street near the Old Street roundabout. After lengthy negotiations Splendid’s rent jumped to £29 per square feet from £17-18 per square feet in 2010.  The group decided to stay because this was relatively cheap compared with buildings in the area, which can command up to £55 per square feet. Derwent London, one of the major developers in London’s so-called Tech Belt or Tech City, secured a star line-up of tenants including Unilever and Deloitte Digital at its development, the Buckley Building on Clerkenwell Green, securing rents of between £42 and £52.50 per sq ft. The Buckley Building on Clerkenwell Green A recent report by advisory firm JLL said that as supply tightens and more established firms willing to pay higher rents flock to the East End, it is inevitable that some businesses will have to look further afield to cheaper locations such as Hackney Wick, Stratford or Canary Wharf. “Rents have increased substantially around [Old Street] but that always happens when there is a buoyant market and not a huge supply – its just market economics,” JLL’s head of UK research Jon Neale told City A.M.. ­ In short, Old Street and neighbouring districts from King’s Cross to Aldgate will continue to be where companies at the forefront of the digital innovation – from traditional marketing companies to software and app developers – choose to locate in spite of rising rents.  A survey by BNP Paribas Real Estate last month found that two thirds of media and tech firms had expectations of rent that were in line with the market, when provided with a range of rent for their top choice.  But for the remaining third feeling the squeeze, a move could be on the cards.  BNP Paribas’s senior leasing director Dan Bayley said: “There will certainly be, over the rest of this year, a lot of occupiers looking long and hard at their forthcoming rent reviews.” last_img read more

Snoop Dogg in drug delivery deal with Eaze

first_img Show Comments ▼ Express KCS RAPPER Snoop Dogg will be hoping for high returns as one of the backers of a marijuana delivery start-up that raised $10m (£6.8m) in a funding round yesterday, under his company Casa Verde Capital.Silicon Valley firm DCM Venture is also backing Eaze – dubbed the “Uber for weed”. It does not directly supply marijuana, but instead connects California medical marijuana card-carriers with local dispensaries, claiming it can hook users up with the drug in under 10 minutes. Technically, it is not breaking any law, even though recreational use of marijuana in California is still illegal.The firm became the first marijuana startup to attract international investors when it raised $1.5m last year, and has made 3,000 deliveries since its launch.It has ambitious plans for growth, including a goal to hire 50 people in 50 days, and plans to expand into other locations where marijuana is legally available, such as Alaska, Washington DC and Colorado, which all legalised recreational marijuana. Another 23 US jurisdictions permit medicinal use of the drug. Wednesday 15 April 2015 8:45 pm Share whatsapp whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULL Snoop Dogg in drug delivery deal with Eaze last_img read more