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Drivers put old tax discs up for sale on eBay

Thursday 02 October 2014 - 11:30
Drivers put old tax discs up for sale on eBay

It’s been the law for more than 90 years that every vehicle has to have one, but yesterday, as the tax disc became officially obsolete, several enterprising motorists took to eBay to try to sell their old ones.

Some are even taking advantage of the law change meaning a vehicle owner no longer needs to display one to sell discs which are still valid – including one with an expiry date of 28 February 2015, which is being offered for £25 by a seller based in Heywood, Lancashire.

A number of collectors of the d ...read more

Indian summer blamed as retailers cut clothes orders

Thursday 02 October 2014 - 10:45
Indian summer blamed as retailers cut clothes orders

You might find it harder than usual to get hold of your winter woollies in the next few weeks – and according to fashion industry insiders, you can blame our Indian summer.

Clothing industry journal Drapers reports this morning that fashion retailers are reducing, delaying or even cancelling orders of outerwear and knitwear as the unseasonably warm run of weather continues.

It quotes one factory owner as saying: “A few of our clients have asked us to delay deliver ...read more

eBay split ‘humiliation’ for board – but for users?

Wednesday 01 October 2014 - 14:19
eBay split ‘humiliation’ for board – but for users?

While its chief executive tried to put a positive spin on eBay’s decision to split itself into two – suggesting it was taken as part of a routine business review – the move is being portrayed as a major victory for activist investor Carl Icahn.

The move, first reported by Parcel2Go yesterday, will see eBay spin off a division of its business which accounts for 40 per cent of its revenue.

And while eBay bought PayPal for about $1.5billion in 2002, analysts reckon its current value is at least 20 times that figure.

The division will mean that, ...read more

Ailing Sainsbury bets on online clothes sales trial

Wednesday 01 October 2014 - 10:10
Ailing Sainsbury bets on online clothes sales trial

The successful limited launch of an online clothes store in one area of the UK was one of the few bright spots for supermarket group Sainsbury in its latest results.

The UK’s second-largest supermarket group announced a fall in sales for the second successive quarter this morning, meaning that total sales in the first half of its financial year were down by 2.1 per cent.

Its results show the impact of the business being forced to cut thousands of prices as a fier ...read more

eBay and PayPal to split into separate companies

Tuesday 30 September 2014 - 15:32
eBay and PayPal to split into separate companies

A major announcement from eBay, that it is to hive off its PayPal division and form two separate businesses, has sent its share price sharply upwards this afternoon.

A major announcement from eBay, that it is to hive off its PayPal division and form two separate businesses, has sent its share price sharply upwards this afternoon.

The move will see Devin Wenig, current boss of eBay’s marketplaces business, become chief executive of the ‘new’ eBay.

Meanwhile, former ...read more

eBay aims to net smaller fish to fuel Russian growth

Tuesday 30 September 2014 - 12:08
eBay aims to net smaller fish to fuel Russian growth

eBay is pinning its hopes of expansion in a tightening Russian market on being able to sign up smaller companies to sell their goods on its marketplace.

The international online selling giant also revealed as it officially launched its platform in the country yesterday that, faced with a severe slowdown in consumer spending, its expectations for e-commerce growth in Russia were currently half of earlier projections for 20 per cent year-on-year expan ...read more

Brits’ view of economy turns negative

Tuesday 30 September 2014 - 10:54
Brits’ view of economy turns negative

Britons’ optimism about the country’s economic prospects dimmed in September, returning the balance of sentiment into negative territory, according to figures out this morning.

The latest survey by global research firm GfK found that people are most concerned about the prospects for the economy in general over the next 12 months.

People’s confidence in their own financial outlook has also slightly worsened over the past month, it found, although the negative score is ...read more

Alibaba investor in talks to buy DreamWorks

Monday 29 September 2014 - 12:10
Alibaba investor in talks to buy DreamWorks

Acquisition and takeover fever is still rippling through the e-commerce world, much of it the result of Alibaba’s successful debut as a publicly-traded company last week.

This morning, one of its biggest shareholders, SoftBank of Japan, has revealed it is in talks to buy the Hollywood animation studio of DreamWorks, the company behind such box office hits as the Oscar-winning Shrek, and How To Train Your Dragon.

SoftBank’s offer for the company values it at $1.89billi ...read more

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