Sex, drugs, and voting booths – when is the true ‘age of adulthood’? October 25, 2019 When does adulthood begin? Is it your first alcoholic drink, your first sexual experience, the first time you gamble, or get paid, or vote? In the UK, you can have an alcoholic drink from the age of five at home, 16 if you’re eating in a restaurant, or 18 if you’re buying your own. You [...]
DEBATE: Virgin Galactic is planning to float on the New York Stock Exchange – is going public a wise move? October 25, 2019 Virgin Galactic is planning to float on the New York Stock Exchange – is going public a wise move? John Mullins, associate professor of management practice at London Business School, says YES. It was exciting to learn that Sir Richard Branson is planning to float his space venture Virgin Galactic on the New York Stock [...]
City Moves for 25 October – Who’s switching jobs at Refinitiv, Ratesetter and GCA Altium? October 25, 2019 Today’s City Moves includes Refinitiv, Ratesetter and GCA Altium Refinitiv Financial markets data platform Refinitiv yesterday announced the appointment of Alex Cesar as its new chief technology officer (CTO). Alex will lead the software engineering teams that build, operate and innovate Refinitiv’s strategic data platforms and the core capabilities and requirements that underpin them. Alex [...]
Amazon shares slump after online retailer posts third-quarter profit drop October 24, 2019 Shares in online retail giant Amazon slumped in after-hours trading this evening after the firm reported a slump in third-quarter profit. Shares in Jeff Bezos’ company fell as much as eight per cent after it posted a fall in net income for the first time in two years, from $2.88bn to $2.13bn in the three [...]
Boris Johnson launches bid for Christmas election October 24, 2019 The Prime Minister’s pledge to take the UK out of the EU before Halloween “come what may” was left in tatters last night, after MPs blocked a key vote to fast-track his Brexit legislation. MPs voted in support of the Withdrawal Agreement Bill (WAB), notably 52-48 per cent in favour, but refused to back the [...]
PR giants embroiled in war of words after Tulchan appoints Ruth Davidson October 24, 2019 City spinners have become embroiled in a row over PR giant Tulchan’s appointment of former Scottish Tory leader Ruth Davidson as a special adviser. Tulchan Communications hired Davidson as a senior adviser two months after she stepped down as Scottish Tory leader. She will keep her role as a member of the Scottish parliament until [...]
Supercuts owner Regis UK calls in administrators October 24, 2019 Supercuts owner Regis UK has appointed administrators as the hair salon chain becomes the latest victim of a challenging retail environment. Regis UK, which trades under the Regis and Supercuts brands, entered insolvency yesterday and appointed Deloitte as administrator, Sky News reported. Read more: Supercuts owner Regis UK asks landlords to slash rents The move [...]
Twitter shares plunge after revenue hit by advertising bugs and weaker demand October 24, 2019 Twitter has posted worse-than-expected profit and revenue figures for the third quarter, which the company blamed on advertising bugs and unusually low demand over the summer. Shares in the social media platform tumbled over 18 per cent following the announcement. Read more: Twitter founder Jack Dorsey has account hacked as series of racist messages posted [...]
Magners owner C&C toasts premium drinks sales October 24, 2019 C&C Group, the owner of Magners and Bulmers cider, toasted a surge in sales in the first half, boosted by customer demand for premium drinks. Revenue increased 13.5 per cent to €874.8m in the six months to the end of August, and operating profit was up 9.2 per cent to €63.8m. Read more: Magners owner [...]
Barclays backs down over Post Office cash ban after backlash from MPs October 24, 2019 Barclays has rowed back on controversial plans to stop cash withdrawals from post offices, after it came under fire from an influential committee of MPs. Politicians were set to urge Barclays to reverse its decision in a session of the Business, Energy and Industrial Strategy (Beis) Committee tomorrow, threatening to grill the lender’s bosses in [...]