Comcast launches $5 streaming platform for internet-only customers March 22, 2019 US media giant Comcast has launched a new platform for its internet-only customers that will bundle together streaming services such as Netflix and Amazon. The firm has unveiled plans for Xfinity Flex, a streaming box aimed at its non-cable TV customers that ties together a range of apps with its voice remote. Read more: TV advertising revenue [...]
Deutsche Bank management board members to receive bonuses for first time since 2014 March 22, 2019 Deutsche Bank’s management board members were awarded bonuses this year for the first time since 2014 as the bank returned to profit, it disclosed today. The board received €55.7m (£48.2m) for 2018, compared to €29.8m the previous year. Read more: Deutsche Bank drops down investment bank table while Barclays gains ground Chief executive Christian Sewing [...]
Euro drops as Eurozone manufacturing activity hits six-year low March 22, 2019 The Eurozone’s economy lost momentum again in March as Germany and France's manufacturing sectors struggled to overcome global headwinds, according to a closely-followed indicator. Read more: Wages up across Europe despite gloomy economic climate Manufacturers across the economic area suffered their steepest downturn in seven years this month, the IHS Markit Eurozone composite purchasing managers’ index [...]
Facebook knew about Cambridge Analytica data scandal ‘months before reports’ March 22, 2019 Facebook employees knew about Cambridge Analytica’s “improper data gathering practices” months before they were reported in the media, a court filing has stated. A filing made by the attorney general for Washington DC has cast doubts over when Facebook found out about the incident. Boss Mark Zuckerberg has stated the tech firm only learned about the data scandal [...]
Mike Ashley makes fresh £100m bid to become Debenhams CEO by buying Magasin Du Nord March 22, 2019 Mike Ashley has made another attempt to install himself as Debenhams chief executive, with Sports Direct making a £100m offer for the department store chain's Danish business. In a statement Sports Direct said it would purchase the business, which was put up for sale last year, for £100m, "in order to assist Debenhams with its short term liquidity requirements". [...]
Debenhams share price crashes as it asks shareholders to risk equity on £200m loan March 22, 2019 Debenhams’ shares tanked this morning as it asked investors to sign off a £200m funding lifeline that could lead to shareholders’ equity being wiped out. Read more: Debenhams on the verge of sealing £200m funding from lenders The £200m funding would prevent the embattled department store chain from falling into the hands of billionaire Mike [...]
Thomas Cook to close 21 stores with more than 300 jobs at risk March 22, 2019 Thomas Cook has announced plans to close 21 stores across the UK as the travel company looks to streamline its retail network with the majority of holidays being booked online. Read more: Thomas Cook considers airline sale as losses hit £60m The closures will see the loss of 102 jobs across the country, with a [...]
No-deal Brexit could cause another chicken shortage, warns KFC boss March 22, 2019 KFC could suffer another chicken shortage if the UK crashes out of the EU without a deal, the fast food chain’s boss has warned. KFC UK and Ireland managing director Paula MacKenzie told the BBC the supply chain is the “lifeblood of the business” and warned a no-deal Brexit could lead to further shortages. Read [...]
One million volunteered in the past year March 22, 2019 | City Talk By Dr Janina Steinmetz, Senior Lecturer in Marketing at Cass Business School High number of volunteers driven by community cuts Wave of first-time volunteers prompted to step forward in response to issues such as reduced funding for community services, strain on the NHS and care for the elderly New cohort of volunteers still report reduced [...]
Goldman Sachs says no-deal Brexit has become more likely March 22, 2019 Goldman Sachs said today that a no-deal Brexit has become more likely as the UK’s political crisis lurches on. The US investment bank also said the chances of Theresa May’s Brexit deal passing had fallen. Its predictions followed a decision last night by EU leaders to push the Brexit deadline back to 12 April from [...]