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US technology group Intel has acquired Basis Science, a start-up company that develops wearable health-based devices to track heart rate and calories burned etc. in a deal which is thought to be worth $100 million (£60 million).In a statement Mike Bell, Intel vice president for the New Devices Group said:...
The HS2 high speed rail line will not be linked to the international Eurostar train line, the transport secretary has confirmed, after it was branded “too expensive” to link the two termini. The project, which would have linked the planned HS2 terminus at Euston to St Pancras was estimated to...
Coffee chain Starbucks has said that it is planning to turn more of its outlets into bars in the evenings after a successful trial of the Starbucks Evenings format in 26 of its branches.The group said that 40 more outlets are anticipates to sell beer and wine in the evenings...
Home improvements retail group Kingfisher has said that profits rose over the past year, despite challenges and revealed that the group is in “good shape”.In the financial year, group profits rose 9.8%, prompting Kingfisher to say that its future looked “bright”.Kingfisher's group chief executive, Sir Ian Cheshire, said: "We finish...
The UK takeover panel has given Dixons Group and Carphone Warehouse more time to negotiate a potential merger. The companies now have until May 18th to agree the deal which could be worth approximately £4 billion and create a group with 2,900 stores across Europe."Since the announcement of February 24th...
Sir Charlie Mayfield is to become the chairman of the British Retail Consortium (BRC) when the current chairman and Kingfisher chief executive Sir Ian Cheshire stands down in September.Sir Charlie, currently chairman of the John Lewis Partnership, itself a long standing member of the BRC, will join the retailer group...
Tesco has entered into an agreement with Indian conglomerate Tata to open a chain of 12 shops in the country.The move follows years of negotiation with the Indian government, which eventually granted Tesco the first approval to open in India in a 50% partnership with Tata’s Star Bazaar brand.The stores...
BHS owner Sir Philip Green has said that the chain will be approximately 10% cheaper than the big four supermarkets when it starts selling food.BHS Food will be trialed in two stores in Staines and Warrington before pressing ahead with a roll-out of a planned 140 outlets which may trigger...
Shopping centre owner Intu has acquired the lease of three malls from the Westfield Group including 50% of the Merry Hill centre near Birmingham. The deal, worth £867.8 million also includes a 1.3m square foot centre in Derby and the Sprucefield retail park in Northern Ireland. ...
Bankrupt Japanese firm MtGox has said that it found 200,000 bitcoins in an old digital wallet from 2011.The company, formerly the world's largest bitcoin exchange, filed for bankruptcy in February having lost 850,000 units of the digital currency, worth £70 million, to hackers. ...
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