London’s rental growth hits four year high January 22, 2020 London’s rental growth hit a four year high last year as the number of properties available for tenants plummeted, according to the latest research. Rents in the capital rose at 2.8 per cent in 2019 – the highest rate for almost four years – as the available supply of homes has plummeted 20 per cent [...]
Data watchdog launches new code to protect children’s privacy online January 22, 2020 Social media firms will be required to tighten up their privacy settings for children using their platforms as part of a new code outlined by the data watchdog. The Information Commissioner’s Office (ICO) today unveiled its age appropriate design code, which sets out 15 standards for online services. It is aimed at companies responsible for [...]
Jeff Bezos reportedly hacked by Mohammed bin Salman January 21, 2020 Billionaire Amazon boss Jeff Bezos reportedly had his phone hacked in 2018 after receiving a Whatsapp message from the crown prince of Saudi Arabia Mohammed bin Salman. An encrypted message from the number used by the de facto Saudi ruler included a malicious file that infiltrated Bezos’ phone, The Guardian reported. It said digital forensic [...]
Netflix beats fourth-quarter revenue estimates as subscribers jump January 21, 2020 Netflix added more subscribers than analysts had expected at the end of last year, despite the debuts of several rival streaming services. The streaming giant added 8.76m paid subscribers globally in the three months to December, compared with analysts’ average estimate of 7.63m, thanks to hits such as the Irishman and the third season of [...]
UK fintech Monese nears unicorn status January 21, 2020 UK fintech Monese is in talks to raise £100m from investors in a deal that would give it a valuation of more than £1bn. The fundraising would give the business so-called unicorn status. The Financial Times first reported the talks which are expected to lead to a deal with new and existing investors in the [...]
Boeing shares plunge on delay to 737 Max return January 21, 2020 Boeing said today it did not expect to win approval for the return of the 737 Max to service until mid-2020. Boeing announced the delay after its shares were suspended following a report from CNBC. Its shares fell 5.5 per cent to $306.23 before being halted ahead of the announcement. Boeing said in a statement: [...]
Sainsbury’s to cut hundreds of management jobs January 21, 2020 Supermarket giant Sainsbury’s said today it would cut hundreds of management roles. It said the move was part of its plan to further integrate Sainsbury’s with catalogue retailer Argos which it bought in 2016 in a £1.4bn deal. Sainsbury’s said it had reduced its senior leadership team by 20 per cent since the start of [...]
Record number of flights for private jet airport Farnborough January 21, 2020 Farnborough Airport enjoyed a record number of air traffic movements last year, beating its previous record set in 2018. The airport – one of Britain’s busiest for private jets – saw a year-on-year increase in air traffic movements of 5.3 per cent. Air traffic movements to and from US airports grew by one-sixth, while traffic [...]
The City highlights its importance ahead of key Brexit talks January 21, 2020 The City has outlined its importance to international finance ahead of crunch EU talks with a report that shows it continues to outperform other financial sectors in helping firms tackle risk. It comes as a debate rages over how close the UK should stay to the EU after Brexit. Chancellor Sajid Javid at the weekend [...]
Energy services firm Sureserve enjoys rising profit as demand increases in core markets January 21, 2020 Sureserve enjoyed a rise in core profits of more than one-quarter last year, as demand grew in its two core compliance and energy services markets. The Aim-listed company maintains and installs boilers, and makes sure homes are energy efficient among other services Profit excluding exceptional items rose 26 per cent to £8.3m in the 12 [...]