Facebook shares lose gains as regulators discuss imposing record fine January 19, 2019 Facebook’s share price lost some of its gains on Friday after a report emerged that US regulators were considering fining the company for privacy violations. Facebook was up 0.25 per cent for the day but lost gains that had seen the company’s price rise by 2.8 per cent earlier in the session. The regulators met [...]
Uber, Lyft, Airbnb: Unicorn IPOs are coming in 2019 January 18, 2019 | City Talk 2019 is set to be an exciting year for IPOs. Some of the biggest floats in history are planned over the coming months. But the problem with IPOs is that the excitement wanes quickly, as 2018 proved. Here’s a look at some of the most hotly anticipated stock market debuts planned for 2019 and the [...]
ITV shares tumble after bearish investor note casts doubt on ad revenues January 17, 2019 ITV led the FTSE 100 fallers today after Bank of America Merrill Lynch analysts slashed their target price for the broadcaster amid fears of declining advertising. Shares in ITV fell almost seven per cent after the bank changed its rating from buy to underperform and cut its target price from 210p to 110p. Read more: UK [...]
Facebook to toughen up rules on political ads in countries with major elections January 16, 2019 Social media giant Facebook has said it will toughen up existing rules on political advertising in all countries facing major elections this year, following scrutiny surrounding ads on its platform during previous events. The firm said today that it will also expand some of its tools for curbing election inference, with Nigeria, India, Ukraine and the [...]
Facebook to invest $300m into local news around the world January 15, 2019 Facebook has said it will commit a further $300m (£233.5m) in funding for local news publishers globally over the next three years, with the first round destined for a selection of US organisations. The investment will be separated into two broad segments – supporting journalists and publishers in gathering news, and helping those newsrooms to [...]
UK advertising sector faces recession in the event of a no-deal Brexit January 14, 2019 The UK advertising sector could suffer its first recession since 2009 in the event of a no-deal Brexit, a new report has warned. Research by Enders Analysis estimates ad spend in 2019 would fall three per cent if the UK leaves the EU without an agreement in place. The decline would be the worst in [...]
Police arrest man over alleged MP abuse incidents outside parliament January 12, 2019 A man in his 30s has been arrested on suspicion of public order offences after an MP was subjected to alleged verbal abuse outside parliament last week. The Metropolitan Police said the man was detained outside St James’s Park tube station in central London shortly before midday in connection with incidents in Westminster on Monday. [...]
Facebook launches UK fact-checking programme to fight fake news January 11, 2019 Facebook today said it will roll out its fact-checking service in the UK to help deal with the fake news that has plagued its platform in recent years. The social media giant will work with fact-checking charity Full Fact to review and rate the accuracy of posts on its site. Facebook said the programme will [...]
US legal business Elevate acquires UK new law company Halebury as it targets London float January 8, 2019 US legal business Elevate has today announced it has acquired UK new law business Halebury as it continues expansion ahead of a possible London float. Elevate, which has been backed by Morgan Stanley Expansion Capital, brands itself as a “law company” and provides services to in-house legal departments at companies such as Oracle and Facebook. [...]
Apple analysts have let us down yet again January 8, 2019 Apple analysts, huh, what are they good for? Absolutely nothing. Say it again… Yep, that’s right, I just butchered one of the most powerful lyrics of the past 50 years. Lyrics immortalised by Edwin Starr in the 1970 Vietnam protest song, but for me it kind of grabs your attention and makes the point rather [...]