EU antitrust chief Margrethe Vestager signals decision on Google Adsense investigation November 7, 2018 European competition commissioner Margrethe Vestager has said regulators are close to releasing findings against Google, which could see the tech giant hit with another record-breaking fine. The investigation is the third of its kind into Google and its parent firm Alphabet by the antitrust watchdog in recent years, after the firm was fined €4.3bn (£3.8bn) earlier this year over market [...]
Britain’s economic growth is being stifled by visa red tape November 7, 2018 Political momentum is building to take a fresh look at visa restrictions on international recruitment of skilled people. The most media coverage has rightly been given to the refusal of 1,500 doctors, which the NHS desperately needs. But the government’s strict attitude to migration is causing problems across business professions and public services. The [...]
Three ploughs £2bn into race to be the first to launch 5G November 7, 2018 Mobile network Three today said it will invest more than £2bn in 5G as operators race to be the first to roll out the new technology. Three said its investment in infrastructure puts it in a strong position for the launch of commercial 5G, which it hopes to bring to customers in the second half of next [...]
Ryanair has its own private jet – and it’s yours to rent for £5,000 an hour November 7, 2018 It isn't an airline passengers normally associated with luxury, but Ryanair has announced that its own private jet is back in service to dispel the winter blues. Ryanair's corporate Boeing 737-700 is back in action for the winter season and now available for group hire – for £5,000 an hour, on top of taxes fees and charges. The [...]
London’s unfinished Scalpel tower already half-let November 7, 2018 National Australia Bank and insurer Lombard International are the latest occupiers-to-be at the newest office tower on London's skyline, The Scalpel, at 52 Lime Street. Over half of the tower, which owes its unusual shape to protected views of St Paul's Cathedral, is now pre-let or under offer as the building nears completion. National Australia [...]
Royal Mail shakes up management after series of setbacks as senior executive departs November 7, 2018 One of Royal Mail's top executives has agreed to step down from her role as the postal service shakes up its senior management following a series of knocks to its share price. Sue Whalley, head of the UK post and parcels division, will depart in March next year, and has left the board with immediate [...]
Adidas hikes profit forecast but lowers sales target November 7, 2018 German sportswear giant Adidas elevated its profit estimates today after a jump in sales in the third quarter, but screwed down its sales forecast, blaming lower than expected growth in western Europe. Shares fell two per cent on the news, as Adidas said full year revenues were likely to increase by only eight to nine per cent, falling [...]
G4S shares slump 12 per cent after security firm signals flat profit November 7, 2018 Shares in G4S have tumbled more than 12 per cent after the security firm warned it would not achieve profit growth for the year. The London-listed company reported organic revenue growth of 2.5 per cent for the third quarter, below analyst expectations. The FTSE 250 company, which runs prisons and detention centres as well as [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]
New Goldman Sachs boss: Accusations our employees broke the law in 1MDB are ‘horrible’ November 7, 2018 The chief executive of Goldman Sachs has said he feels “horrible” about accusations that the bank’s former employees broke the law when handling Malaysian state investment fund 1MDB. The scandal over 1Malaysia Development Berhard (1MDB) has already claimed the scalp of long-serving prime minister Najib Razak, who was rejected at the polls earlier this year. [...]