Facebook tells EU data of up to 2.7m Europeans may have been “improperly shared” with Cambridge Analytica April 6, 2018 The European Commission will speak with senior Facebook executives next week after it emerged that political consultancy Cambridge Analytica may have obtained the data of 2.7m EU-based users of the social network. The Commission said it received a letter from Facebook last night and was looking for more details. “Facebook confirmed to us that the [...]
ECB boss warns that trade war could hurt global growth April 6, 2018 An all-out trade war will harm the global economy and dampen inflation and could delay the end of the ECB’s bond purchases and low interest rates, the central bank has warned. Benoit Coeure, who sits on the ECB’s executive board, said today that while the effects of a trade war on inflation would only become [...]
Uber appoints two new non-executive directors in board shakeup April 6, 2018 Uber has appointed former travel head of Acromas Susan Hooper and media entrepreneur Roger Parry as non-executive directors to its UK boards. Hooper, who currently holds a number of non-executive roles on the boards of Wizz Air, the Department for Exiting the European Union, the Rank Group and Affinity Water, was previously the chief executive [...]
London financial services account for slowdown of productivity growth as UK labour productivity rises by 0.7 per cent in the fourth quarter of 2017 April 6, 2018 London’s financial industry and several regional manufacturing industries account for a large chunk of the recent slowdown in UK productivity growth, new analysis from the Office for National Statistics said today. The capital’s financial services industry – and several regional manufacturing industries – made a considerably reduced contribution to productivity growth in the five years [...]
Dixons Carphone UK boss Katie Bickerstaffe steps down to lead SSE and Innogy’s new British energy supply business April 6, 2018 Katie Bickerstaffe has stepped down as the chief executive of Dixons Carphone UK and Ireland today to take up a new role as the boss of the energy supplier to be created by the proposed merger of SSE’s retail unit and German-owned Npower. Bickerstaffe, who has been an executive director at Dixons Carphone since it [...]
April London strike: Date, time and what lines are affected during four-day DLR strike clashing with London Marathon April 6, 2018 Another batch of strike action is set to disrupt the DLR later this month, with the four-day walkout also coinciding with the London Marathon. So here’s what you need to know about what’s likely to be affected and when. Read more: A four-day DLR strike will go ahead – clashing with the London Marathon When [...]
Cryptocurrency exchange Coincheck has been snapped up by Japan’s Monex for £24m April 6, 2018 Japanese financial services firm Monex Group today announced it will buy the troubled cryptocurrency exchange Coincheck for ¥3.6bn (£24m). Coincheck, which Monex called a “pioneer” among cryptocurrency exchanges, suffered a $534m (£382m) hack in January. Monex confirmed earlier this week it was interested in making a bid for the exchange, but it said it has [...]
AO World trading update announces revenue increase and continued losses April 6, 2018 Online electrical retailer AO World has announced that it expects its full year revenue to be up 14 per cent on the previous year. In a trading update for the 12 months to 31 March 2018 it said that it expects a revenue of £796m, a 14 per cent increase on the previous year. That [...]
Millennials are killing the TV licence April 6, 2018 Millennials are constantly being accused of “killing” things. Not people, thankfully, but the auto industry, lunch, marriage. Here’s another for the ever-growing list: in between never owning a home, avocados on rye, and leeching off my parents, somehow I find time to not watch the BBC. An Ipsos MORI poll for the Beeb warns that [...]
April tax changes 2018: How will they affect me and will I be better or worse? Sugar tax comes in and personal allowance rises April 6, 2018 With spring – sort of – in the air, a shake-up in the tax system is also on the cards with the new tax year starting today. From the much-discussed sugar tax to the ongoing fuel duty freeze, here’s a roundup of what’s changing – and what has proved controversial. Read more: Sugar tax a [...]