The skin-tight trousers and black leather jacket that Olivia Newton-John worn for the finale of Grease have fetched $405, 000 ( £314, 000) at an auction at Beverly Hills, California which raised a total of $2.4m. Some of the proceeds will go towards Newton-John’s cancer treatment centre in Australia. Grease was released in 1978 and…
Jim Simons who is worth $23bn is the greatest money maker in modern financial history, no other investor neither Warren Buffett, Rau Dalio, Steve Cohen, Peter Lynch, or George Soros can touch his record. Since 1988, Renaissance’s signature Medallion fund has generated average annual returns of 66 per cent and earned profits of over $100…
Alibaba’s sales grew by 40 per cent with profits more than tripling as China’s legions of shoppers kept spending at the online retailer despite a broader economic slowdown. During the three-month period ended September 30, Jack Ma, founder and chairman stepped down from his formal roles at the company, leaving chief executive Daniel Zhang to…
Google snaps up Fitbit for $2.1bn ( £1.6bn) “ Google is an ideal partner to advance our mission. With Google’s resources and global platform, Fitbit will be able to accelerate innovation in the wearables, scale faster and make health even more accessible to everyone” James Park co-founder and CEO who founded Fitbit 12 years ago.…
Fosun the Chinese conglomerate, is acquiring Thomas Cook’s brand and intellectual property assets, for £11m, which could allow the business to be revived ad an online travel agent months after it collapsed into administration. Fosun was part of the group of lenders and bondholders that sought to put together a £900m rescue package that could have…
Facebook has dropped its year-long appeal against a £500, 000 fine imposed by the UK’s data watchdog for its failure to protect users’ information in the Cambridge Analytica scandal, without accepting any admission of liability. The payment comes amidst intense scrutiny of Facebook’s role in the democratic process, with a fresh dispute emerging over the…
Over 100 Human rights activists, journalists, prominent lawyers, religious figures and political dissidents had their smartphones hacked by spyware that exploited the vulnerability in WhatsApp, according to the Facebook owned messaging service in May 2019. The victims of the attack were only contacted by WhatsApp yesterday. Their smartphones were targeted through WhatsApp’s call function by…
Google’s search engine growth is slowing down at an alarming rate according to the technology company as paid clicks on advertisements –crucial to Google’s revenues- were up just 1 per cent in the third quarter of this year compared with previous three months after decades of double digit growth suggesting that the users are increasingly…
Soho House, the hotel and members’ club chain, has been valued at $2bn after raising $100m to help double its global footprint to 50 venues over the next four years. Nick Jones, founder and CEO said, “Expansion is definitely ramping up. We have the infrastructure to do it and we have the appetite People love…
The Barclay brothers David and Frederick Barclay, are pumping half a billion pounds into their ailing empire during a two-year cash-crunch at business that span the Telegraph newspaper and online retailer Shop Direct. The billionaire twins, who have turned 85 ye sterday, have spent £325m supporting operations in the past 18 months face a new…