Bet your bottom dollar: UK bookies are up after a US court ruling slapped down PASPA May 14, 2018 Shares in the UK’s gambling firms are soaring after a US court ruling struck down a decades-long restriction on sports betting. The US Supreme Court today ruled in favour of the state of New Jersey, effectively killing the Professional and Amateur Sports Protection Act (PASPA). US states can now establish their own regulated sports betting, [...]
Recently disclosed UBS emails shed new light on alleged ‘ringmaster’ of Libor scandal Tom Hayes May 14, 2018 Recently disclosed emails between two senior employees at UBS shed new light on the character of Tom Hayes, the convicted former Libor trader who was accused of being the “ringmaster” in the interest rate fixing scandal that rocked the banking industry. A 2008 email exchange between two unidentified employees at the bank describe Hayes, who [...]
GDPR regulations will help businesses rethink how people connect in the digital world May 14, 2018 No one sends Christmas cards any more do they? Only e-cards. Well, later this year we’ll see if that is still the case. Why? Because from the end of next week your business could face a four per cent fine on turnover if you send to contacts you don’t have explicit, written, and provable permission [...]
Oil prices under pressure since Trump’s Iran announcement May 14, 2018 Oil prices have been a bit of a roller-coaster ride so far this year, going up and down between its lowest point of $59 (£43) per barrel in February on the West Texas Intermediate (WTI) index to peaking earlier this month at almost $72 (£53). The news of President Donald Trump’s decision to pull the [...]
Facebook suspends 200 apps from the platform in post-Cambridge Analytica purge May 14, 2018 Facebook has so far suspended at least 200 apps as the investigation into data misuse following the Cambridge Analytica scandal begins. In the first round of investigations, the company has reviewed thousands of apps that had access to large amounts of data, 200 of which were suspended, awaiting another investigation to find out whether they [...]
London mayor Sadiq Khan launches initiative to get more women into leadership roles May 14, 2018 The mayor of London Sadiq Khan has today launched an initiative that aims to get more women into leadership positions. Called ‘our time: supporting future leaders’, the scheme aims to address the gender imbalance in leadership roles and bridge the gender pay gap. It will work by pairing potential future female leaders with senior staff [...]
Agents of Change bill explained before its second reading before the UK Parliament May 14, 2018 The proposed Agent of Change Bill, which is expected to have its second reading in the House of Commons next month, will require residential developments to manage the noise coming from nearby nightclubs and music venues. This is an important initiative and much needed for two reasons. Firstly, because 50 per cent of London’s nightclubs [...]
Keywords are the future as artificial intelligence transforms search advertising May 14, 2018 Whenever you search on Google for something you’re thinking about buying, you’re using a selection of keywords and signalling your intent to make a purchase. If you search for “brown shoes” and adverts appear in your search results suggesting where to get brown shoes, you’ve experienced “search retargeting”, a technique that brands are combining with [...]
Investors are unprepared for market volatility and need to hold their nerve, warns UBS May 14, 2018 The wealth management branch of banking giant UBS has warned that many investors are unprepared for the higher levels of market volatility due to shake markets in 2018. UBS has urged investors to keep putting their money to work, however, saying they need to “hold their nerve”. In a 24-page note to his client base, [...]
London’s lack of rental supply is pushing rents up by five per cent annually May 14, 2018 London’s property prices are dropping, but a lack of housing is pushing rents up five per cent a year, according to a study from property group Haart. According to the study, the average property price in London fell by 3.7 per cent in April, down 3.4 per cent year-on-year. Meanwhile, rental stock is down 40 [...]