Snap loses 3m daily active users in second quarter but defies analyst expectations with revenue hike | City A.M. August 7, 2018 Snap lost 3 million daily active users, an indicator of growth, in the second quarter of this year but defied analyst expectations with a revenue increase of 44 per cent to $262m. Snap shares were volatile in after-hours trading, at one point increasing by more than 10 per cent before dropping to a more modest [...]
Lendy Cowes Week: Ladies day a success on the Solent | City A.M. August 7, 2018 Today was a testing day for the sailors at Lendy Cowes Week as fluctuating winds and even squally rain playing havoc on the Solent. After a quiet morning with barely a breeze in sight, gusts came and went unpredictably, meaning the wind varied from a few knots right up to 20. Read more: Lendy Cowes [...]
London is starting to fix its housing crisis – but there’s still a way to go | City A.M. August 7, 2018 Hats off to the folk at City Hall who recently published their latest Housing in London report – over 100 pages packed with fascinating figures about the state of housing in the capital. While such a document may not set everyone’s pulse racing, this kind of in-depth, illuminating research is vital if we are to [...]
Tesla shares have been suspended following Elon Musk’s tweets on taking company private | City A.M. August 7, 2018 Tesla shares were suspended yesterday evening following a string of tweets by billionaire founder Elon Musk in which he said he was considering taking the company private, leading to a share price spike. Tesla shares came to a halt up 7.39 percent at $367.25. Musk raised eyebrows when he took to Twitter to claim he [...]
Ollie Pope: How Surrey’s young batsman went from club cricket to an England Test debut | City A.M. August 7, 2018 Just over a year ago Ollie Pope was making his County Championship debut for Surrey against Middlesex at The Oval – a fixture until now notable mainly for a crossbow bolt which was bizarrely fired into the stadium. Looking back it also marked one of the key steps in Pope’s whirlwind nascent career, which has [...]
All change at Arsenal: What Stan Kroenke’s buyout and new manager Unai Emery mean for the Gunners’ Premier League hopes | City A.M. August 7, 2018 Patience is a difficult virtue to preach to a set of fans who waited years for a change of direction at their club. But now that change has come at Arsenal – and to the extent that scarcely any corner of the club remains untouched by the overhaul of the last few months – patience [...]
Data scientists top the hiring wishlists of the UK’s CEOs | City A.M. August 7, 2018 Chief executives of the UK’s biggest businesses have identified data scientists as the most important workforce capability for supporting their plans for future growth. The skill scored the top spot in 69 per cent of answers by UK bosses, followed by experts in emerging markets and emerging technology. Data compiled by KPMG revealed that the [...]
Search engine giant Baidu is unfazed by Google’s potential return to China | City A.M. August 7, 2018 The chief executive of domestic Chinese search engine Baidu has said he is prepared to take on Google if the US giant returns to the market. In a posting on a private social media account today, Robin Li said if the two companies come head to head, “Baidu will win again”. “Chinese companies today have [...]
The creator of the Lion King just raised $1bn for a new Netflix | City A.M. August 7, 2018 The former Disney chairman who produced films such as The Lion King, The Little Mermaid and Aladdin has scored a total of $1bn (£772m) for his Netflix and Youtube competitor startup, in a seed funding round closed today. Led by Jeffrey Katzenberg alongside former Hewlett Packard and Ebay chief executive Meg Whitman, the startup temporarily [...]
Donald Trump: Anyone doing business with Iran will not do business with US | City A.M. August 7, 2018 Donald Trump has thrown down the gauntlet, warning that any businesses trading with Iran would not be allowed to trade with the US. Hailing the re-introduction of sanctions against the state, the US President tweeted: “These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing [...]