IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Here’s why Facebook shares are down despite an impressive revenue rise November 3, 2016 Facebook’s shares fell as much as six per cent in after-hours trading on Wednesday, despite the social media giant beating expectations with its latest results for the third quarter. Total revenue came in at $7bn (£5.7bn) – up 56 per cent year-on-year and ahead of Wall Street expectations of $6.9bn – with advertising making up [...]
The fate of the world’s teetering, warns Obama ahead of US election November 3, 2016 There have been some dramatic moments through the lead up to the US presidential election. And making a play for his spot on the top 10 list, Barack Obama warned supporters in the key battleground state of North Carolina that: "The fate of the world is teetering, and you, North Carolina, are going to have [...]
Jamie Oliver to buy back his Jamie’s Italian restaurants in Australia November 3, 2016 Jamie Oliver's on a mission Down Under. The celebrity chef is set to buy back his Jamie's Italian restaurants business in Australia, after Keystone Group (which ran the operation) collapsed and put the franchise up for sale. Receiver Morgan Kelly from Ferrier Hodgson confirmed Jamie Oliver Group was the preferred bidder for the six restaurants, [...]
Your overdraft could be about to become cuddlier after the FCA outlined new rules November 3, 2016 Your overdraft could be about to become a lot friendlier, after the Financial Conduct Authority (FCA) said it wants to improve competition in the market. This morning the FCA said it wants to improve transparency in the overdraft market by introducing a maximum monthly charge, which it hopes will increase customers' engagement with their "overdraft [...]
Glencore keeps on top of production after weathering cuts and suspensions November 3, 2016 Glencore's production fell in most commodities, but everything's pretty much on track (no nasty surprises here folks). Third quarter was in line with expectations: full-year marketing earnings before interest and taxes guidance were at $2.5-$2.7bn. That's a slight increase; the commodities giant lifted the upper end of range by $100m. The figures The company said own-sourced [...]
Stephen Hester sees positives from Brexit vote for RSA November 3, 2016 The Brexit vote has provided insurance giant RSA with an "attractive tailwind" despite tricky market conditions, the company revealed this morning. The group, well known in Britain for its More Than brand, said that while core insurance premiums were up by six per cent, they had fallen on an underlying basis. Read more: Slimmed down [...]
Boom: Credit Suisse profits smash expectations November 3, 2016 A crisis in European banking, you say? Credit Suisse profits smashed expectations in the third quarter, results today showed. The figures The lender reported adjusted pre-tax income of SFr327m, up 13 per cent – pretty good going, considering analysts had expected a SFr220m loss. Net new assets in its wealth management arm rose 40 per cent to SFr30.9bn in the first nine months of [...]
The Aldi fightback is on: Morrisons records fourth consecutive quarter of growth November 3, 2016 After the devastating news that Morrisons was hiking the price of Marmite, it needed a good third quarter. And it has delivered the fourth consecutive quarter of growth, with sales up 1.6 per cent. Potentially a sign of, whisper it quietly, momentum building? The figures The 13 weeks to 30 October, like-for-like sales were up [...]
Making your (Deutsche) mark in the German market November 3, 2016 With uncertainty in European markets after the Brexit vote, small to medium-sized enterprises (SMEs) are keen, now more than ever, to break into new worldwide markets,” says Lindsay Whitelaw, founder and chairman of URICA. Ambition, especially in the face of uncertainty, should of course be commended, but it’s worth remembering that, although we’re leaving the [...]
Haka-lujah: New Zealand named world’s number one country for prosperity November 3, 2016 New Zealand has been named as the world’s most prosperous country by a new report out today. The nation is followed by Norway, Finland, Switzerland and Canada in the 10th Legatum Prosperity Index. Read more: UK economy outstrips rest of Europe Yemen, Afghanistan, the Central African Republic, Sudan and the Democratic Republic of Congo came bottom in the [...]