News archive from 10 January 2018

'Great service, don't tip black people' Customers leave racist note on restaurant receipt

'Great service, don't tip black people' Customers leave racist note on restaurant receipt

A shocked Kelly Carter said a white couple had written on their receipt: “Great service don’t tip place people”.  The vile note was found scribbled underneath the $30.52 bill for the pair’s burritos after dining at the restaurant in Virginia, US, on...

 

Brutal cull of the Glaxo chieftains: New boss axes 50 of her top team in under a year

A ruthless reshuffle at Glaxosmithkline has seen boss Emma Walmsley replace nearly half of her senior executives in less than a year. The radical overhaul of the top tier of Britain’s eighth biggest company has seen Walmsley, 48, replace 50 of the 125...

 

MARKET REPORT: Best-ever grocery sales send Supermarket shares soaring and push the FTSE to fresh high

The FTSE 100 finished at another record high, helped by a surge in supermarket shares. Beating the previous high of 7724.2 set on Friday, the index crept up 34.51 points, or 0.45 per cent, to 7731.02 after industry data from Kantar Worldpanel revealed...

 

M&S to update computer systems so it can adapt quickly to new trends like rivals Zara and Primark

Marks & Spencer is revamping its computer systems in its latest move to battle faster-moving online rivals. The IT overhaul would make the retailer more able to deal with changes in tastes and trends and save £30million a year by 2022. However,...

 

DAN HYDE: Can a former GMTV host who has only been an MP for six years really be trusted with our pensions?

One unexpected result from Theresa May's rather shambolic reshuffle this week was that we once again have a new minister in charge of our retirements. Out goes David Gauke and in comes former GMTV host Esther McVey as Secretary of State for Work and...

 

CITY DIARY: Why FCA boss Andrew Bailey might not be picked as the next Bank of England Governor

Financial Conduct Authority boss Andrew Bailey, 58, is seen as the likely choice for the Bank of England Governorship when Mark Carney’s successor is announced later this year. Any obstacles in his way?  My man in the pink tailcoat whispers: ‘Just...

 

DAILY BRIEFING: Eurostar appoints boss of delivery firm Yodel as its chief exec

NEW BOSS Cross-Channel rail operator Eurostar has appointed the boss of delivery firm Yodel as its chief executive. Mike Cooper will join on March 12 replacing Nicolas Petrovic, who is to become chief executive of engineering and technology company...

 

ALEX BRUMMER: M&S boss Steve Rowe plays the tech card just before the holiday sales data is unveiled

Marks & Spencer sensibly looks to be getting in its defence before it unveils its holiday sales data tomorrow. No one is expecting anything too terrible. Amid the general optimism about grocery, exemplified by Morrisons buoyant sales, Kantar,...

 

Games Workshop back from the brink: Incredible 2,000% rise of the hobby firm that sells model dwarves

A decade ago Games Workshop feared it may go bust. The rise of video games had seen sales plummet at the company that makes miniature fantasy characters such as dwarves and elves for table-top games. But, defying all predictions, shares soared 269 per...

 

Japanese swoop for police and NHS software firm Northgate Public Services in £475m deal

A software company which holds key contracts for the police and NHS is being bought by Japanese tech giant NEC. In a deal aimed at helping it expand across North America and Asia, Northgate Public Services (NPS) is being sold for £475million. The move...

 

Venison steaks and gin and tonic crisps lift Morrisons as turnaround under boss David Potts continues

Venison steaks, chocolate fudge yule logs and gin and tonic crisps were best-sellers as Morrisons' posh brands sales leapt 25 per cent. In a bumper Christmas trading update, the supermarket – which has undergone an incredible turnaround since David...

 

Preppy clothes are a Christmas hit: Posh brands Fat Face and Joules toast bumper festive sales

Two preppy clothing stores enjoyed bumper Christmas sales as demand for posh outdoor wear soars. Christmas sales at Fat Face, which sells patterned scarves, coloured chinos and slouchy handbags, jumped by 8 per cent in the five weeks to January 6, as...

 

IN THE MONEY: Fundsmith founder Terry Smith made £8.1m last year as global markets rallied

Star fund manager Terry Smith made £8.1million for running his investment business last year as markets around the world rallied. His company Fundsmith has managed returns of nearly 200 per cent since launching in 2010, thanks to a series of savvy...

 

Should you join the bond rush? As savings returns crash to record lows, investors are piling billions into...

Savers are ploughing more than £36 million a day into risky bond funds in a bid to beat the income crisis. Money Mail last week revealed that returns on bank savings accounts had plunged to as little as 15p for every £1,000 invested for the whole of...

 

Pay zero interest on your Xmas spending by shifting the debt to a new credit card

Borrowers who are struggling to pay off their hefty Christmas credit card bills should consider . Balance transfer deals are the cheapest they’ve been in a decade, according to figures from personal finance data provider Moneyfacts. The average fee to...

 


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