Netflix will not partner with Apple’s streaming service, says boss March 19, 2019 Streaming giant Netflix has said it will not make its films and TV shows available on Apple’s on-demand video platform, as competition in the sector begins to heat up. Chief executive Reed Hastings told reporters in Hollywood the firm will not cooperate with Apple, which is expected to unveil a new video platform at an [...]
Standard Life Aberdeen wins dispute with Lloyds over management of £100bn assets March 19, 2019 Standard Life Aberdeen has won its legal dispute with Lloyds Banking Group over the management of £100bn in assets. An arbitral tribunal has ruled that Lloyds was not entitled to give notice in February last year to terminate its investment management contract with Standard Life Aberdeen. Read more: Standard Life Aberdeen scraps co-chief executive structure The [...]
Myspace loses 12 years worth of music in botcher server migration March 19, 2019 Fallen social media giant Myspace has admitted to losing 12 years worth of music following a botched server migration. Read more: European data breaches hit 60,000 in eight months An estimated 50m songs from 14m artists that were uploaded onto the website between 2003 and 2015 are lost, the once-great social network said. The firm blamed a [...]
Marshalls shares race to record high: What now? March 19, 2019 | City Talk Up 78 per cent since we backed them, the shares are still not expensive and the business is in great shape. Marshalls (LSE:MSLH) is an easy company to like. It makes things we all use on a daily basis, and it makes them well. Despite Brexit and a weak construction sector, its concrete paving slabs have [...]
Gold, the Federal Reserve, and the dollar – what’s driving up precious metal prices? March 19, 2019 Gold has been making a comeback. After a long period with little activity last year, the precious metal’s value has risen as stock markets have struggled and fallen. Combine the volatility of equities with the increase in geopolitical fears, and many investors are re-evaluating whether to increase the amount of gold in their portfolios. The [...]
Sainsbury’s and Asda double down on £1bn price cut pledge to salvage deal March 19, 2019 Sainsbury’s and Asda have outlined their pledge this morning to slash shop prices as a result of a planned merger, doubling down on efforts to push through a major tie-up despite being dealt a recent devastating blow by Britain's competition watchdog. The two grocery giants, who suffered a setback last month when the Competition and Markets [...]
Germany’s forced marriage of Deutsche Bank and Commerzbank may not work out March 19, 2019 Germany seems to be obsessed with the idea of creating a national banking champion. Is it a way of standing up to the big-ticket US banks, or reaffirming Germany’s dominance as the biggest European economy? Either way, it looks like the country is pushing to create yet another “too big to fail” bank. Back in [...]
Cadbury pulls Freddo ad campaign amid accusations it encouraged children to loot March 19, 2019 Chocolate manufacturer Cadbury has scrapped an ad campaign following complaints it encouraged children to carry out “illegal excavation and looting”. The Freddo Treasures campaign, which urged children to “grab your metal detector and go hunting for Roman riches”, faced backlash from archaeologists and a government minister, who pointed out digging without the landowner’s consent is [...]
Theresa May gathers cabinet after Bercow deals fresh blow to her Brexit deal March 19, 2019 Theresa May is set to push on with her deal despite Commons speaker John Bercow threatening to derail the process yesterday. Read more: 'Constitutional crisis' as Bercow blocks another vote on May's Brexit deal Today Brexit secretary Stephen Barclay suggested a vote could occur next week despite Bercow saying “substantial changes” must be made to [...]
Metro Bank urged to shake up board amid regulatory probes as it looks to hire new risk managers March 19, 2019 Metro Bank has come under pressure to shake up its board amid regulatory probes into a loans blunder. The challenger bank is set to make changes to its senior management team but there are still no major casualties following the error, which has sent shares tumbling more than 50 per cent and has sparked two [...]