Thousands of City jobs at risk as US banks issue Brexit relocation warning September 24, 2016 Thousands of City jobs are at risk after a string of US investment banks reportedly warned Prime Minister Theresa May that they could preemptively move their operations out of the UK. The bank bosses are said to have delivered the warning at a round-table with the Prime Minister and a host of key US investors in New York [...]
Jeremy Corbyn re-elected as Labour Party leader September 24, 2016 Jeremy Corbyn has won his second Labour leadership contest despite concerns over his ability to take the party to victory in a General Election. The Islington North MP extended last year's winning margin after attracting 313,309 votes, which amounts to a share of 61.8 per cent. The figure put Corbyn comfortably ahead of challenger Owen Smith who received 193,229 [...]
Snapchat to change its name to Snap Inc September 24, 2016 Messaging startup Snapchat has announced plans to change its name to Snap Inc., reflecting its move into other products. "We decided to drop the “chat” and go with Snap Inc!," it said in a statement today. It coincides with the release of its first hardware product Spectacles — sunglasses that can record up to 30 second videos [...]
Snapchat unveils sunglasses with a built-in camera September 24, 2016 Messaging startup Snapchat revealed its first foray into hardware today, with the release of video-sharing sunglasses. The widely-anticipated device, which the company is calling Spectacles, can record up to 30 second videos at a time and will go on sale later this year priced at $130 (£100). It's also changing the name of the company to Snap Inc., Snapchat said today. "We’ve [...]
Brand Britain: How will Brexit affect our image abroad? September 23, 2016 WE’RE used to the echo chamber of post-referendum woes from the worlds of business and politics, but what does Brexit mean for marketing Brand Britain abroad? The drop in sterling has been great news for UK exporters. Figures out last week show that foreign demand for British vehicles has boomed for example, producing the best [...]
Four reasons Twitter is a prime takeover target September 23, 2016 With (more) rumours of a takeover sending share prices up by more than 20 per cent, Twitter’s run of bad luck may about to be over. But why would a firm known for its inability to make money be an appealing takeover prospect? Here's why the company might not be such a bad bet… 1. Its share [...]
Way to kill that #FridayFeeling: The internet combusts as Nestle axes one of the Quality Street sweets September 23, 2016 One of the Quality Streets has gone forever, and people are outraged. The Toffee Deluxe has been axed from the iconic chocolate box after customers complained there were too many toffees in the mix. The company will be introducing a "Honeycomb Crunch" in its place – the first time a new chocolate has been added [...]
Twitter’s share price just shot up on rumours Google and Salesforce are planning to buy it September 23, 2016 Twitter shares whooshed higher on the opening bell in New York after internet rumours suggested two of the world's largest tech companies might make formal bids for it. CNBC reported that Salesforce and Google may make a formal bid shortly, causing shares to jump 20.6 per cent to $22.38 in late morning trading in New York. Reuters later [...]
Saudi Arabia offers to cut production by 1m barrels if Iran freezes output September 23, 2016 Reports suggest Saudi Arabia has offered to cut production by 1m barrels if its regional rival Iran agrees to freeze output. The de facto Opec leader's offer comes ahead of widely anticipated talks between the world's biggest oil producers taking place in Algeria next week. Sources told Reuters that the offer, which is yet to be accepted [...]
Amazon has just been fined 0.01 per cent of its second quarter profits for shipping dangerous goods September 23, 2016 Amazon has been fined £65,000 by Southwark Crown Court after it was convicted of breaching rules on dangerous goods. The online retail giant was found guilty earlier this week on four counts of causing dangerous goods to be delivered for carriage in an aircraft after it tried to ship lithium ion batteries (which have been banned from flights [...]