Government performs u-turn on post-Brexit immigration plans November 1, 2018 Home Secretary Sajid Javid has slapped down his immigration minister for suggesting companies would have to check when an EU migrant came to the UK before giving them a job after Brexit. Caroline Nokes made the claim during an appearance before MPs on Wednesday, saying employers would need to carry out “rigorous checks” to discover [...]
Netflix is set to give its movies the red carpet treatment with cinema releases November 1, 2018 Netflix plans to give three of its original films a proper cinema release before dropping them on its streaming platform. Alfonso Cuaron's Roma, Sandra Bullock-starring Bird Box and Joel and Ethan Coen's The Ballad of Buster Scruggs will be shown exclusively in a select group of theatres in the US and abroad for a period of between one [...]
Credit Suisse shares slump despite heading for first annual profit in four years November 1, 2018 Credit Suisse shares have slumped after its results failed to meet expectations despite the Swiss bank edging closer to its first annual profit in four years. The bank said its net profit for the third quarter rose 74 per cent year-on-year to Sfr 424m (£327m) and revenue was Sfr 4.9bn – down 1.6 per cent [...]
From today you have to pay extra for your Ryanair hand luggage November 1, 2018 Ryanair's controversial new hand luggage rules take effect today, with customers having to pay extra if they want to take a small carry-on bag on board. For many airlines, two pieces of hand luggage are free of charge and already included in the price. But Ryanair passengers must pay £6 to add a 10kg cabin [...]
For a rainy day: Monzo customers can now earn interest on their savings November 1, 2018 Fintech challenger bank Monzo is launching its first interest-earning savings pot. Customers will be able to create so-called savings pots within their Monzo account that will earn interest at one per cent per year, paid monthly, on savings of £1,000 and above. Customers can open up to 10 savings pots and can take money out [...]
Google’s #MeToo moment: Staff stage mass-walkout over treatment of women November 1, 2018 Google employees staged an unprecedented global walkout today after allegations of sexual harassment were reported by the New York Times last week. Google chief executive Sundar Pichai expressed support for the protest and said he was "deeply sorry" in an email to staff. "I understand the anger and disappointment that many of you feel. "I feel [...]
Stage dive: Spotify opens down after disappointing subscriber outlook November 1, 2018 Spotify may post its first ever profit this year as the company wiped out a major part of its loss in its third quarter of trading. But promising results did not translate into success on the stock market as the streaming service dropped on the back of its subscriber predictions. The figures Paying users flocked [...]
Surge in London house building set to drive new UK homes to 11-year high November 1, 2018 London is set to drive a surge in UK house building as the industry prepares for the number of new homes being built to hit an 11-year high. Large-scale developments and private sector rental demand are set to drive the number of new house builds in the capital up by 141 per cent, according to data [...]
ING shares rise despite €775m money laundering penalty slashing profits in half November 1, 2018 Shares in Dutch bank ING were up this morning as it reported better than expected third quarter results, despite profits getting hammered by a €775m fine. Net profits came in at €776m (£684m), a 44.6 per cent fall compared to the same period last year. Reuters reported that analysts had been expecting net profit to be [...]
UK at ‘maximum uncertainty’ over Brexit but businesses ready to ‘unleash’ demand rebound, Carney says November 1, 2018 The UK has reached the "maximum point of uncertainty" on Brexit but businesses could "unleash" a rebound in demand and investment once clarity arrives, the Bank of England governor has said. His comments came after the bank's monetary policy committee (MPC) indicated interest rates may rise at a quicker pace in the coming year in the [...]