Samsung shares slide as electronics giant halts Galaxy Note 7 sales on exploding battery concerns October 11, 2016 Shares in Samsung were down 6.7 per cent this morning after the South Korean electronics giant halted sales of its Galaxy Note 7 smartphone and urged customers to switch off their devices. The company has asked all global carriers to stop selling the Note 7 devices and halt exchanges of the original device for replacements, while it works [...]
Don’t tell the black cabs: Brits can’t get enough of Uber as UK profits and revenues double in 2015 October 10, 2016 Uber drivers in the UK raked in more than £100m in fares last year, doubling revenues and profits at the disruptive transport app. The taxi service's holding company in Britain, Uber London, recorded a 105 per cent uplift in turnover to £23.3m in 2015, according to records filed on Companies House. This was up from [...]
Twitter share price dips 13 per cent before the bell as bidders lose interest October 10, 2016 Twitter's share price is down 13 per cent in pre-market trading today, following reports that previously interested parties had abandoned their bid plans. Bloomberg reported over the weekend that Salesforce, Alphabet and Walt Disney had decided against proceeding with offers for Twitter – despite all three consulting with banks about potentially acquiring the microblogging site. Twitter had [...]
WANdisco announces another boardroom shakeup as it appoints new non-exec director and interim finance SVP October 10, 2016 WANdisco's share price was up 7.4 per cent at the open after the company announced another boardroom shakeup this morning. The software developer has appointed William Grant Dollens as non-executive director. Dollens, 37, is currently managing member at Global Frontier Investments, a US-based investment manager, and portfolio manager for Global Frontier Partners, a shareholder in WANdisco. [...]
Working 9 to 5? Actually, 14m of us are now independent workers October 10, 2016 As many as 14m people in the UK are classed as an independent worker employed outside the traditional 9 to 5 job, new research reveals. The figures calculated in a new report by McKinsey pegs the number of freelancers, temporary workers, and those selling items on eBay or renting out a room on Airbnb as part of the so-called [...]
Govcoin’s co-founder Robert Kay explains why his firm is using blockchain to change the lives of benefit claimants October 10, 2016 "When you get into this technology, you can let your imagination run wild with it. But as an entrepreneur, you have to focus. You can use a new technology to help those that can pay the most for it, or those who will benefit the most from it. It is our view that distributed ledger [...]
Look how much Facebook’s paid in UK corporation tax now October 9, 2016 Facebook's tax bill has sky rocketed in the UK after changing the way its business is structured, however, it has also racked up a credit from the tax man worth millions more effectively cancelling that out. The social network was billed £4.2m in corporation tax for the year to the end of 2015, newly filed documents [...]
How to watch tonight’s spectacular Draconids Meteor Shower – even if you’re in London October 7, 2016 No plans for this evening? How about sitting back and watching the spectacular Draconids Meteor Shower, which peaks tonight? Here’s our guide to getting the best views of tonight’s astronomical phenomenon. What is it? The Draconids, like any meteor shower, is a harmless stream of cosmic debris which causes a spectacular shooting star effect as it enters the [...]
Stop skipping after-work drinks: Scientists say getting along with your colleagues is good for your health October 7, 2016 Time to stop skipping that post-work pub trip on “health” grounds: a huge new study has shown getting along with colleagues makes us feel better and prevents burnout. Psychologists found workers strongly identifying with their workmates had a positive impact on mental health and performance. The study found the same health benefit when employees strongly [...]
Twitter shares are down 20 per cent in pre-market trading October 7, 2016 Twitter's share price has dropped by 20 per cent in pre-market trading. The social network's stock has been all over the place this week – first soaring on rumours of takeover interest from an array of companies including Google and Disney. However, as takeover talk cooled, the share price nosedived, tumbling by 16 per cent [...]