Snapchat set to shed users to Instagram after controversial 2017 redesign April 4, 2019 Snapchat will see a decline in users from this year as an ill-fated redesign pushes people to rival social media platforms, a new report has stated. This year 14.5m people in the UK will use Snapchat, down 2.3 per cent on last year, according to a forecast published by Emarketer. Read more: Fraudsters use Facebook [...]
Why student housing is a first-class honours investment April 4, 2019 When it comes to the UK property market, an investment in knowledge clearly pays off. High yields, low risk, and fast returns are just a few of the reasons reasons luxury student housing has become the new essential in any high-net-worth individuals’ investment portfolio. While many of the UK’s older generation will reminisce of sub-standard [...]
MIT cuts ties with Huawei and ZTE as China security concerns mount April 4, 2019 The Massachusetts Institute of Technology (MIT) has cut its ties with Chinese tech firms Huawei and ZTE amid concerns over cyber security risks. The US university said it would not be accepting new engagements or renewing existing ones with the two companies after beefing up its risk review process. Read more: It's make your mind [...]
Moody’s downgrades Debenhams, warning outlook remains ‘negative’ April 4, 2019 Troubled retailer Debenhams suffered a fresh blow this afternoon after being downgraded by credit ratings agency Moody’s. Read more: Sports Direct calls on Debenhams investors to protest against finance deal The department store chain’s rating has been cut from Caa1 to Ca, with Moody’s saying that the group's outlook remained "negative". "We have downgraded Debenhams' [...]
Dormant assets scheme could be expanded following government report April 4, 2019 A scheme to reallocate dormant assets to charitable causes could be extended to the investment and wealth management sector following the publication of a government report. An independent report commissioned by the government found that extending the scheme to other financial services, also including the insurance and pensions sector, could "significantly expand the money available to good [...]
Ethiopian Airlines pilot not at fault in fatal Boeing 737 Max crash, investigators say April 4, 2019 The pilot flying the doomed Ethiopian Airlines Boeing 737 Max flight was not at fault when the plane crashed, killing everyone on board, a preliminary report has found. Read more: Tui warns of €200m hit after grounding of Boeing 737 Max jets Ethiopia’s official report, released today, found pilots followed all correct procedures but were [...]
Freshfields appoints eight to partnership in London in largest promotions round since crisis April 4, 2019 Magic Circle law firm Freshfields Bruckhaus Deringer has promoted eight lawyers to its partnership in the City. The eight were part of a global 22-strong promotions round, its largest since 2008. Read more: Freshfields partner accused of slapping DJ in argument over music The lawyers making the grade in London are transactional lawyers Cyrus Pocha, [...]
Japanese investment bank Nomura to cut 100 City of London jobs in $1bn global cost-cutting plan April 4, 2019 Japanese investment bank Nomura will cut around 100 jobs in the City in a global restructuring plan to save $1bn (£760m). Nomura unveiled the cost-cutting plan to investors earlier today and also said it would shut more than 30 of 156 domestic retail branches. Read more: Nomura plans to cut up to 50 staff from [...]
Tesla shares fall in pre-market trading as Elon Musk’s firm suffers huge quarterly drop in car deliveries April 4, 2019 Tesla’s share price looks set for a significant fall when the Nasdaq opens this afternoon, after the electric car giant told investors its car deliveries have suffered a record quarterly drop. Shares declined almost eight per cent in pre-market trading to $269.77 from yesterday’s close of $291.81 after the overnight update. Read more: Elon Musk [...]
For safety’s sake, we need to rethink our address system April 4, 2019 Back when I worked in the music events industry, a huge part of my time was spent trying to get bands and equipment to the right place, on time. It was far more difficult than I’d ever imagined, and it was painfully clear to me that street addressing is totally inadequate for directing people from [...]