Freeserve shares oversubscribed 30 times
Monday 26 July 1999
It may prove to be a thorny embrace, however. At the same time, economists are warning that the Net's popularity may kill off another modern phenomenon - the human battery farm known as the call centre.
Sources connected to the flotation of Freeserve, the Internet arm of Dixons, the electrical retailers, said yesterday that it was "one of the hottest new issues" in recent stock market history, with staff at Credit Suisse First Boston working late into the weekend to ration the shares.
All those "netheads" already using Freeserve - estimated to be some 113,000 - who applied for the minimum pounds 250 allocation of shares will hear today that they have been successful. They will also find that the Net is a great leveller: the overwhelming demand means that it is the wealthier investors who will be disappointed. They will have their cheques refunded in the next eight days.
But an economic consultancy will issue a warning today that the growth in popularity of the worldwide web may leave Britain's 200,000 call centre workers in a precarious position. Business Strategies has launched a six- month inquiry into the impact of e-commerce on call centres, often called "human battery farms" for the intensive conditions in which many workers are housed.
Call centres have seldom been popular with consumers. But using the Internet, a company can get the customer to do the work that it would normally do itself - a concept bound to be popular with the firms.
Business, pages 13 and 17
- 1 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 UK weather: Britain braced for snow as arctic air mass moves in
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Ian Brady: Moors murderer announces his support for Ukip and the SNP
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow as arctic air mass moves in
Bali Nine executions in Indonesia: Death row British grandmother Lindsay Sandiford says she 'just wants to get it over with'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
£20000 - £25000 per annum: Ashdown Group: Account Payable Assistant - SW Londo...
£14560 - £17680 per annum: Recruitment Genius: Even though their premises have...
£44000 - £48000 per annum: Recruitment Genius: Marketing company based in cent...
£22000 - £25000 per annum: Recruitment Genius: An IT Installation / Commission...