Twitter shares just plummeted after earnings miss. And it got a downgrade too April 27, 2016 Shares in Twitter have plummeted after another tough quarter, opening more than 15 per cent lower after missing estimates for revenue and cutting forecasts for the next three months. Shares fell under $15 for the first time since February. Twitter failed to shake off concerns that it has trouble with growth. The social network did increase [...]
Ukip’s Nigel Farage reckons his party will make a “significant breakthrough” in upcoming elections April 27, 2016 Ukip's leader is feeling rather bullish about his party's chances in the upcoming local elections. Nigel Farage reckons his party is about to make a "significant breakthrough" in next week's elections, held in Scotland, Wales, Northern Ireland, and London. In fact, he said his party is the only one who has "a chance of winning [...]
Rivals set to win customers on back of BHS’ demise April 27, 2016 BHS has entered administration, confirming what I have previously written about in this column; its loyal customers have deserted it in recent years. Although BHS will continue to trade while a buyer is sought, the retailer has been in trouble for some time as it failed to modernise its offering. It has been losing market [...]
Five questions and answers about Libya’s potentially “illegal” oil shipment April 27, 2016 A ship loaded with 650,000 barrels of potentially illegal oil from war-torn Libya is currently sailing across the ocean. It left a port in what was once one of Africa's biggest oil producers late yesterday. The move has sparked international outcry, with various actors denouncing it as illegal and one country refusing to let the tanker enter [...]
Low oil prices pushes Saudi Arabia into economic reform – Prince Salman declares an end to reliance on oil and outlines Vision 2030 plan to diversify the economy April 27, 2016 Saudi Arabia is to kick its “dangerous addiction” to oil as the country's cabinet agreed on plans to diversify the economy away from the black stuff. The country is hooked on fossil fuels but “by 2020 we'll be able to live without oil,” said deputy crown prince Mohammed bin Salman, author behind new economic plan, Saudi [...]
Gem Health partners with Philips Blockchain Lab to investigate using blockchain technology in healthcare April 27, 2016 US blockchain startup Gem has partnered with Philips to launch Gem Health, an initiative for building a "patient-centric approach to healthcare" utilising blockchain technology. Gem Health has teamed up with Philips Blockchain Lab, and said it is aiming to provide the data infrastructure to support a "globally integrated healthcare continuum", connecting companies that work in all levels [...]
Two gifs from this architecture exhibition show how the City’s skyline will be transformed by skyscrapers in 2030 April 27, 2016 An exhibition taking place next month reveals just how much the City's skyline is set to change over the next few years. The Evolving London Skyline exhibition, which runs at New London Architecture (NLA) in May, shows how the Square Mile will look in 2030 if all the skyscrapers currently given planning permission are built. The images, [...]
EU referendum: Expats want the UK to remain a member of the European Union April 27, 2016 People living in the United Kingdom are engaging in an increasingly fierce debate over whether the country should remain in the EU. But Britons living outside the UK are just as passionate about the outcome, with a recent poll suggesting they will overwhelmingly vote for the country to remain as part of the 28-member bloc. [...]
Apple has fallen: Share price drops on slowdown wiping $46bn from market cap as Goldman Sachs removes from “conviction” list April 27, 2016 Shares in Apple fell more than eight per cent as markets opened in New York after the company reporting a fall in both revenue and iPhone sales. Around $46bn (£31.6bn) was wiped from its value as a result of worse than expected results. The fall in revenue to $50bn – around $2bn short of estimates – for the second quarter [...]
Zac Goldsmith did a live webchat with Mumsnet, and was likened to Jilly Cooper’s Rupert Campbell-Black April 27, 2016 London mothers finally got what they really wanted today when Tory mayoral hopeful Zac Goldsmith popped into Mumsnet HQ in Highgate for his biscuit-based webchat. Labour rival Sadiq Khan took on the city's mums earlier this week, while the website entertained MP and army veteran Dan Jarvis on Tuesday after Goldsmith had to postpone his own live Q&A, which [...]