Snap shares plunge after slower than expected user growth and app redesign November 7, 2017 Shares in US tech firm Snap plunged by more than 16 per cent in after-hours trading after it reported slower user growth and said it plans to revamp its app. Daily active users of its disappearing messaging app, Snapchat, rose to 178m in the third quarter, up from 153m in the same period last year [...]
US financial sector “nervous” about hard Brexit, claims City of London Corporation November 7, 2017 The financial services sector in the US is becoming increasingly nervous about the chances of a hard Brexit, as they view the lack of progress from outside the talks with concern. City of London Corporation’s policy chief Catherine McGuinness was told the sector had moved beyond its initial “surprise” and “curiosity” at the events unfolding [...]
Debehams share price: Short sellers pile in to bet against Debenhams ahead of Christmas shopping season November 7, 2017 The City appears to be pessimistic about Debenhams’ prospects this Christmas, with the amount of short-selling of the retailer’s stock rising to its highest level for more than four years. According to data from the Financial Conduct Authority, the amount of stock borrowed by hedge funds to bet against Debenhams’ fortunes has ramped up in [...]
More people applied for Estonian e-residency than were born in the country in 2017 November 7, 2017 Estonia’s e-residency programme is one of the most innovative in the world, letting anyone apply to become a digital citizen of the eastern European country. And so attractive has it become that more people wanted to become a digital resident of the country than were born there this year. Read more: Estonia could be the [...]
The UK’s happiness improved in the year after the Brexit vote, according to the ONS November 7, 2017 The UK’s sense of satisfaction improved in the year after the country decided to leave the EU, according to data released today. The report is the first from the Office for National Statistics (ONS) to look at the UK’s personal well-being for a full year since the EU referendum. According to the ONS, the life [...]
Uber’s gig economy fight could head to UK Supreme Court as employment tribunal appeal ruling coming Friday November 7, 2017 Uber’s gig economy fight could be about to head to Britain’s highest court with a decision due in a landmark case over workers rights coming on Friday. It’s another crucial test that has the potential to upend its business in the UK following a row with regulators which had put its London operations at risk. [...]
Aviva readies to float new £200m commercial property real estate investment fund (REIT) November 7, 2017 Aviva has become the latest firm to back London’s post-Brexit property market, announcing it will float a new investment company focusing on UK commercial real estate. The real estate investment trust (Reit) from Aviva Investors, the alternative investment branch of insurance firm Aviva and the largest manager of UK commercial property, with £24bn under management, [...]
Priti Patel did discuss UK aid going to Golan Heights, government admits November 7, 2017 International development secretary Priti Patel is coming under further pressure as it was confirmed today she did discuss aid being diverted to the Israeli army after her undisclosed meetings in the country this summer. A Downing Street spokesperson said that Patel had asked officials from her department to examine whether public money could support humanitarian [...]
Christmas adverts 2017 round-up: Watch offerings from M&S, Aldi, Sky, TalkTalk – and even a teaser from John Lewis November 7, 2017 This year’s Christmas ad season is already shaping up to be a vintage one, with the return of an animated carrot, an over-enthusiastic elf and a shifty pair of eyes. Worried about missing out? Here’s what we’ve seen so far: 1. M&S: Paddington saves Christmas. Kind of. Paddington Bear helps out a would-be robber, thus [...]
Liam Fox: British public will not accept lower food standards after Brexit November 7, 2017 Trade secretary Liam Fox has said the government will not lower food standards after leaving the European Union, a day after a senior US secretary said better trade relations would demand it. Fox, who has previously been open-minded on matters such as chlorinated chicken, told Radio 4’s Today programme, the UK would not see “reductions [...]