51 per cent of Facebook’s advertising revenue comes from overseas June 10, 2015 Facebook brings in more advertising revenue from overseas than it does in the United States, company executives have said. Some 51 per cent of global advertising sales in the first quarter of 2015 were from overseas – with the fastest growth in Asia. Total advertising revenue for the first quarter increased 46 per cent – [...]
UK Oil and Gas timeline: June 10, 2015 The Horse Hill site is located in the Weald Basin, an area spanning Sussex, Surrey, Kent, and Hampshire, which already produces oil leading some to refer to it as Britain's Dallas. April 9: UKOG says its discovered a site near Gatwick Airport that could hold up to 100bn barrels of oil – a figures that would [...]
Spotify reveals user numbers after Apple Music launch as TeliaSonera funding pushes valuation to $8bn June 10, 2015 Spotify has revealed the number of users it has, just days after the launch of a rival music streaming service by Apple dubbed a "Spotify killer". The service which made music streaming popular now counts 75m active users – growth of 88 per cent since May last year – while the number of subscribers has [...]
Tower Hamlets mayoral elections: Who are the candidates, who is going to win and how will the vote split change from last year? June 10, 2015 Tower Hamlets is going to the polls, for yet another hotly contested election, just one year after the last vote. Why is it being held now? Tower Hamlets voters went to polls just over a year ago, with incumbent Lutfer Rahman being returned with a small majority over his Labour rival John Biggs. [...]
David Cameron claims that cutting corruption could boost global economy by £380bn per year June 10, 2015 Cutting corruption by just 10 per cent could boost the global economy by £380bn, David Cameron has claimed. Speaking after Prime Minister's Questions, he addressed Parliament to inform MPs of his progress at the G7 summit held earlier this week. Read more: Corruption hits economic growth – and markets can do nothing to stop it The [...]
Silicon Roundabout will become Silicon Square in makeover of Tech City’s Old Street roundabout in Shoreditch after TfL plans approved June 10, 2015 It's officially the end of Silicon Roundabout. The Old Street roundabout in Shoreditch which spurred the original nickname for the area now more commonly called Tech City after a rebrand, will be demolished after plans for redeveloping the area were approved by the public. Now the more appropriate name for the spot will be Silicon [...]
Tower Hamlets mayoral election: Police will be monitoring voting tomorrow to curb “fraudulent activity” June 10, 2015 It's not just voters who are heading to the polls in Tower Hamlets tomorrow – there will be a heavy police presence too. The Metropolitan Police will be overseeing the highly contested mayoral election, with officers stationed at polling booths around the borough in an effort to curb "fraudulent activity". Additional officers are [...]
Here’s new Standard Chartered chief executive Bill Winters, bare-chested, doing a falsetto June 10, 2015 Remember that video featuring five top City executives making total prats of themselves while stripping off and singing that appeared on YouTube last April? We just thought we'd bring it up again, partly because it was funny, but mainly because it features new Standard Chartered chief exec Bill Winters – who started his job today [...]
David Miliband says Labour “has turned the page backwards” in critique of brother’s leadership June 10, 2015 Labour has "turned the page backwards", David Miliband said last night, in his strongest critique yet of his brother's leadership of the party. The former foreign secretary, who lost out on the Labour leadership to his brother Ed Miliband, claimed there was "a very clear reason" for Labour's electoral defeat. In an interview with CNN, [...]
Oil and gas fires up industrial production – but manufacturing output slides June 10, 2015 Industrial output rose by 0.4 per cent in April, according to figures from the Office for National Statistics (ONS), beating economists' forecasts of a 0.1 per cent rise. The bumper figure was driven by mining and quarrying which rose by 5.6 per cent – and this was helped along by oil and gas extraction which [...]