DRYING OUT Customers at Waitrose have been celebrating the end of dry January, with the grocer reporting a 27 per cent rise in craft beers and gin sales up 14 per cent last week.
TWITTER TALK Jack Dorsey, 41, the boss of Twitter, has played down talk the social network firm is to be taken over. He said: ‘There’s a lot of strength to our independence.’
TRADER BOOMS Profits at trading firm Plus500 rose 70 per cent to £144million last year as it pulled in new customers.
The Israel-based firm nearly doubled its annual dividend to $1.70 per share, despite fears of a crackdown on its spread-betting products.
MUSK FIGHT Electric car maker Tesla is embroiled in a row with Chinese authorities over a planned factory in Shanghai.
The company, run by billionaire Elon Musk, wants to manufacture there to cut costs and avoid tariffs. However foreign investment rules require Tesla to make the investment with a local firm.
TAX EVADER Womenswear retailer Pure Collection has been forced to fork out almost $1million to the US government for tax evasion.
PENSION FAILURE Customers have missed out on pension payments from America’s second-largest insurer, Metlife, which failed to give 13,500 people around £14,300 each over 25 years because it stopped trying to contact them.
MORTGAGE SALE A £5.5billionn bundle of mortgages taken on by the taxpayer during the financial crisis has been put up for auction by the Treasury, with a shortlist of bidders including fund managers Pimco, M&G and Cerberus Capital.
GRAY ROLE Asset management titan Blackstone has picked Jon Gray as its next president.
BULLS’ LOSS Crisis-hit lender Provident Financial has ended a four-year £1million sponsorship deal with rugby league’s Bradford Bulls.
FLOAT CASH Online lender Trufin has raised £70million through a float on the London Stock Exchange.
FAST BROADBAND British internet provider Hyperoptic has demonstrated the fastest-ever home broadband, reaching ten gigabits per second – 276 times faster than the speeds most households get today.
Huge files can be downloaded in seconds, and high-definition videos streamed without stuttering. Boss Dana Tobak said: ‘We’re proudly setting a new standard.’