Tag: giant

Delivery giant to hire 10,500 amid UK online shopping surge

Image copyright Hermes Delivery giant Hermes says it will create 10,500 jobs in the UK after seeing a surge in demand from people shopping from home during lockdown. This will include 1,500 full-time roles across its delivery network and head office, and 9,000 freelance couriers. Hermes also said it would not accept any money from the government’s job retention bonus… Read more →

Google becomes latest US tech giant to invest in India’s Jio

Image copyright Getty Images Google has become the latest US technology giant to invest in Indian conglomerate Reliance Industries’ digital business. The Alphabet-owned search engine has agreed to pay $4.5bn (£3.6bn) for a 7.7% stake in Jio Platforms. Reliance’s billionaire owner Mukesh Ambani says the two companies will develop phones for 4G and 5G networks. Google joins a list of… Read more →

Mitie-Interserve deal creates outsourced services giant

Image copyright Reuters Image caption Both Mitie and Interserve have won contracts with NHS Nightingale hospitals Two of the UK’s biggest government outsourcers have agreed to merge their support services arms, creating a business employing almost 80,000. Mitie Group said it would buy the facilities management arm of rival Interserve for £271m. The deal will help Mitie gain scale in… Read more →

Coronavirus: Chinese retail giant Alibaba sees ‘recovery’ after virus

Image copyright Getty Images Chinese e-commerce giant Alibaba said it has seen a “steady recovery” in the country since March, but warned that the path to an economic rebound remains uncertain. The firm’s sales grew 22% in the three months to 31 March, despite virus-related restrictions denting activity. The gain was stronger than expected, driven by demand for groceries, electronics… Read more →

Coronavirus: Shopping centre giant Intu warns of debt default risk

Image copyright Reuters Image caption Intu’s shopping malls, including Manchester’s Trafford Centre, remain ‘semi-closed’ Shopping centre operator Intu has warned that it risks defaulting on its debts unless its lenders give the firm significant breathing space. The coronavirus pandemic has hit rental income and Intu said there was no certainty how quickly the market would recover once the lockdown is… Read more →