Publishers look to new revenue sources amid squeeze on digital advertising November 20, 2019 Online publishers are shifting their focus to new sources of revenue as income from digital advertising continues to decline. Digital publishing revenue slipped 3.7 per cent to £113.1m in the second quarter, according to figures released by the Association for Online Publishing (AOP) and Deloitte. Read more: Digital ad group Ozone signs up Stylist as [...]
House of Fraser accused of reversing fur ban November 20, 2019 Retail tycoon Mike Ashley is facing accusations that he has overturned a ban on real fur at House of Fraser. Customers posted images on social media that appeared to show fur-lined coats found in store, despite the company’s previous no-fur stance. Read more: Sports Direct hit by ‘terminal’ House of Fraser problems Some shoppers pledged [...]
The scary movie cliches your business might be committing November 20, 2019 The choices that characters make in scary movies can often seem baffling. Why do they never turn the lights on when entering the house at night alone? How come they always run upstairs and never outside when being chased? These may be fictional scenarios we’ve seen on the screen many times, but real-world businesses are [...]
Risky business: UBS warns that tax on billionaires will kill off risk appetite November 20, 2019 Billionaires will stop taking risks and sit on their money if they face blockbuster wealth taxes being proposed by left-wing politicians on both sides of the Atlantic, a top UBS banker for the super-rich has warned. Josef Stadler, who heads up the ultra high net worth division at the Swiss bank, has claimed that billionaires [...]
Leading German think tank supports minimum global tax rate plans November 20, 2019 A leading German economic think tank has voiced its support for the OECD’s plans for an international minimum corporate tax rate. The Paris-based international organisation has proposed an overhaul to global tax rules that would ensure companies pay a minimum tax rate in their home countries, establishing “a floor for tax competition among jurisdictions”. Read [...]
UK music industry brings £5bn to economy thanks to boom in live shows November 20, 2019 The UK music industry contributed £5.2bn to the economy last year, boosted by sell-out live performances by hit acts such as Stormzy, Ed Sheeran and Dua Lipa. The live music sector contributed £1.1bn of this sum, up 10 per cent on the previous year, according to figures published today by industry body UK Music. Read [...]
Hammersmith Bridge won’t be able to cope with electric double decker buses in ‘strange oversight’ November 20, 2019 An upgraded Hammersmith Bridge will not be sturdy enough for London’s current fleet of electric double decker buses in what’s been described as a “strange oversight”. The bridge has been closed indefinitely to vehicles since 10 April, with the Hammersmith and Fulham council seeking government funding for restorations. Read more: Hammersmith Bridge repairs could cost [...]
Challenger banks yet to overcome Brits’ lack of trust, study finds November 20, 2019 Two fifths of Brits don’t trust challenger banks at all, while over half are worried technology will put their data at risk, according to a new study. The research, conducted by Fujitsu, suggests that concerns over security are slowing the British public’s adoption of technology. Read more: Trading giant Robinhood makes its UK debut in [...]
Emirates orders $9bn worth of Boeing jets despite safety concerns November 20, 2019 Gulf airline Emirates has unveiled a $9bn order for 30 Boeing 787 Dreamliners, while reducing its deal for the delayed 777x plane from 150 to 126. The order was struck after 11th hour talks at the Dubai air show, which has been taking place this week. It follows comments from Emirates president Tim Clark that [...]
Ex-M&S clothing boss Jill McDonald appointed as Costa CEO November 20, 2019 Costa Coffee has appointed former Halfords and Marks & Spencer executive Jill McDonald as its new chief executive, to replace outgoing boss Dominic Paul next month. The coffee chain, which was sold by Premier Inn owner Whitbread to Coca Cola at the beginning of the year, said Paul will set down on 30 November, with [...]