Snap’s head of content jumps ship despite recent launch of Netflix-style original video November 13, 2018 London entrepreneur Nick Bell has become the latest executive to leave Snap, as the vice president of content resigned only a month after launching the app's Netflix-style original service. Bell informed employees of his departure yesterday, leaving behind just one member of Snap's leadership team from when the company went public last year, outside of its two co-founders. [...]
Wage growth hits 10-year high as 132,000 EU workers quit the UK November 13, 2018 Wages grew at their fastest rate in a decade in the latest quarter as the employment rate also rose higher, according to data from the Office for National Statistics (ONS) released today. People’s salaries grew by 3.2 per cent excluding bonuses in the three months to the end of September compared to last year, marking the [...]
First time buyer mortgage approvals dropped in September November 13, 2018 The number of new first-time buyer mortgages dropped by 4.5 per cent in September, driven by a slump in consumer demand due to affordability constraints in London and the south east. New home mover mortgages fell by 8.6 per cent compared to last year, with a decline in value of 5.8 per cent year-on-year, according [...]
Brexit deal still possible within 48 hours, says Cabinet Office minister David Lidington November 13, 2018 A Brexit deal may still be achieved within the next 48 hours, according to a government minister. Cabinet Office minister David Lidington told Radio 4’s Today programme that “we are almost within touching distance now” this morning. Lidington said he was “cautiously optimistic” about the prospects of negotiators striking a deal in the next two [...]
Foxtons closes six London branches as challenging market flattens revenue growth November 13, 2018 Estate agent Foxtons has today confirmed the closure of six London stores, amid a downturn in sales that has led to a "challenging" market. The closures came as part of a cost-cutting drive at the firm to meet market conditions. Branches in Beckenham, Enfield, Loughton, Ruislip and Barnes, as well as its flagship Park Lane office, have [...]
Revealed: Londoners’ daily commute is 23 minutes longer than the UK average November 13, 2018 Londoners' daily commute takes 23 minutes longer than the UK average at one hour and 21 minutes, TUC trade union analysis has shown. The joint runners up for the longest commute to and from work are the east of England and south east, where the journey into work takes 62 minutes. Workers in Northern Ireland, [...]
DEBATE: Can we expect the Chinese celebration of Singles’ Day to make it over to Britain? November 13, 2018 Can we expect the Chinese celebration of Singles’ Day to make it over to Britain? Abbie Llewelyn, a writer and commentator, says YES. If you think that Valentine’s Day is a commercialised hallmark holiday, just wait until UK companies catch onto Singles’ Day. Originating at Chinese universities in the 90s, Alibaba made it what it [...]
Vodafone dips into the red as it cuts costs to reduce rising debt November 13, 2018 Selling its Indian arm hit Vodafone’s bottom line in the first half of the year as the company looks to relieve its debt load following the proposed acquisition of Liberty Global assets. The figures Partly driven by the adoption of new IFRS 15 reporting standards, revenues dropped by 5.5 per cent to €21.8bn (£19bn). The company discounted [...]
Premier Foods boss announces departure as it tries to sell off Ambrosia custard brand November 13, 2018 The boss of Premier Foods is set to step down at the start of 2019. Chief executive Gavin Darby will leave after facing a huge shareholder revolt over summer that saw 41 per cent of investors vote against his re-election. The news comes as Premier Foods revealed it may sell off its Ambrosia custard brand [...]
Is central bank independence even a thing? November 13, 2018 Parents often find it tough to let go of the control they have on their children’s lives, no matter how old they are. While children usually tend to wriggle out of these constraints, the constant jostling between two often opposing opinions is a worldwide phenomenon. And such is the relationship between the government and the [...]