Tag: internet

Royal Mail unveils job losses under modernisation plans

Royal Mail unveils job losses under modernisation plans

The Royal Mail has today announced it will axe 1,700 jobs and close two mail centres in London under modernisation plans. The company has deemed the job losses necessary and come on top of the 1,700 jobs already lost this year. The latest job losses include 1,000 managers across the UK and come as the [...]

March 21, 2011 | 0 Comments More
Google’s secret $100m flutter on gaming

Google’s secret $100m flutter on gaming

Google has secretly invested over $100 million in online gaming company Zynga, it has emerged. If the reports are true, the investment represent’s the search engine giant’s first major foray into web gaming. Zynga is responsible for some of the best-known online games, including Farmville and Mafia Wars on social networking site Facebook. The investment [...]

July 12, 2010 | 0 Comments More
Savers Google for financial advice

Savers Google for financial advice

Savers are increasingly relying on the internet as their first point of call for financial advice. Fidelity International said demand for web-based financial advice is on the increase, and is set keep on rising. Research by the group found 15% of British investors base their investment decisions solely on the websites of financial product providers. [...]

April 27, 2010 | 0 Comments More
PayPal updates iPhone wallet app

PayPal updates iPhone wallet app

PayPal has launched version 2.0 of its Send Money application for the Apple iPhone. PayPal said the app transforms an iPhone into a wallet. “Today, you leave the house with three critical things: your phone, your wallet and your keys,” said Osama Bedier, PayPal’s vice president of platform and emerging technology. “PayPal Send Money lets [...]

March 18, 2010 | 0 Comments More
Internet trumps high street for Christmas gifts

Internet trumps high street for Christmas gifts

Britain’s urban dwellers are shunning the high street in favour of the internet to buy Christmas presents, PayPal has revealed. Over 40% of the people living in the UK’s major cities have increased the amount of shopping they do online in the past 12 months, a study by the online payments service found. Manchester and [...]

December 16, 2009 | 0 Comments More
e-retailers hit by High Street discounting

e-retailers hit by High Street discounting

According to the IMRG Capgemini e-Retail Sales Index, online spending growth slowed to a record low in September as heavy discounting on the High Street dragged consumers away from their computers. Furthermore, above average temperatures during the month, as well as the threat of postal strikes have all contributed to the slower growth. With a [...]

October 21, 2009 | 0 Comments More
Online banking fraud increase 132%

Online banking fraud increase 132%

UK payment services organisation, APACS, has published a round-up of fraud losses during 2008. Card fraud losses total £609.9 million, online banking fraud £52.5 million and cheque fraud losses amounted to £41.9 million. In the case of card fraud, the two main areas of criminal activity involved transactions not protected by chip and PIN (specifically [...]

March 20, 2009 | 0 Comments More
December UK retail sales in surprise rise

December UK retail sales in surprise rise

Figures from the Office for National Statistics (ONS) have revealed a shock rise in UK retail sales for the Christmas period. According to the ONS, the volume of UK retail sales rose by 1.6% in December - boosted by price discounts from non-food retailers who slashed prices to entice consumers into the shops. However, the [...]

January 23, 2009 | 0 Comments More