BEIJING (Reuters) – China reported weaker-than-expected investment and retail sales in April and a drop in home sales, clouding its economic outlook even as policymakers try to navigate debt risks and defuse a heated trade row with the United States. FILE PHOTO: A customer pushes a shopping cart at […]
Statoil to become Equinor, dropping ‘oil’ to attract young talent
OSLO (Reuters) – Shareholders in Norway’s largest company, Statoil (STL.OL), will approve on Tuesday the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climate change.
Mothercare: What went wrong at the struggling retailer?
Baby goods retailer Mothercare says it is finalising a rescue deal with its creditors after years of falling sales and profits. The restructuring is likely to take the form of a company voluntary arrangement (CVA), which typically sees a retailer closing stores and renegotiating rents to prevent it from going into administration. It comes after the maternity specialist slashed its profit forecast in January and entered talks with creditors to avoid breaching the terms of its loans. So what went wrong at the 57-year-old chain, and can it turn its fortunes around?
1) Rising competition
2) ‘It lost touch with mums’
3) Too many stores
4) Can the firm turn things around?
Cycling around cities may have been pioneered by the Dutch, but a new high-tech way of hiring bicycles is bidding to bringing a pedal power revolution to cities around the world. The key innovation is the dockless hire bike. Found and unlocked with a few taps on a smartphone, they can be hired for an hour, day, or week – then locked up and left wherever the journey ends, rather than a special docking area.
These now make up the majority of the 18 million self-serve, public-use bikes around the world, in 1,608 cities. That’s up from just two million at the end of 2016, says Russell Meddin, co-author of an online world map of bike sharing. Most of this growth has been in China, where two start-ups, rich with backing from the country’s rival giant business groups, are battling for dominance on the streets.
T-Mobile owner battles dataJAR over magenta logo
A British software cAR over magenta logoompany could face a costly legal battle after a telecoms giant took issue with the colour of its logo. Lawyers acting for T-Mobile owners Deutsche Telekom have opposed a trademark application by Brighton-based company dataJAR. Hogan Lovells said the German firm owns trademarks in magenta which is “the core element of its identity”.
But dataJAR’s James Ridsdale said: “We are not even the same shade of pink.” dataJAR manages and deploys Apple devices for businesses and educational institutions. The five-year-old company has seven employees and said it has been using its branding since 2013. But after an application in January to protect its identity, Mr Ridsdale was issued with a “cease and desist” order. The firm’s Managing Director said: “They have trademarked one shade [magenta] and in fact I believe… the one they have trademarked isn’t the one they are using.
“You can’t own a colour, it’s ridiculous.”