Not everything was awesome at Instagram, co-founder says in first public remarks since stepping down October 16, 2018 Instagram’s Kevin Systrom said people do not leave their jobs “because everything is awesome”, three weeks after stepping down amid rumours of a fallout with Mark Zuckerberg. In his first public remarks since leaving the company, Systrom said there were reasons for his departure, but gave no details. Read more: Facebook loses $11bn after Instagram [...]
Yes Icahn: Activist investor moves to block Dell’s route to a listing October 15, 2018 Activist investor Carl Icahn will try to block a plan by computer company Dell to buy back tracker shares in its subsidiary VMware, saying it is offering knock-down prices. The investor, who opposed the move to take Dell private five years ago, said he had bought 8.3 per cent of the shares which track Dell’s [...]
Schroders grows institutional assets, as retail struggles to keep up October 15, 2018 Schroders yesterday posted a 0.7 per cent increase in assets under management since the beginning of the year. The growth was fuelled by a 1.7 per cent increase in institutional assets, as total assets under management rose to £449bn. Read more: Lloyds to put £13bn wealth unit into joint venture with Schroders The rise in [...]
Companies sign up to government’s 13-point plan to keep internet devices safe October 15, 2018 Centrica Hive and HP have become the first companies to sign up to new government guidelines designed to keep internet-enabled devices safe from hackers. The 13-point list asks manufacturers to ensure that personal data is protected and software kept up to date. Read more: Munich Re buys internet of things company Relayr in $300m dea [...]
Saudis eye bid for Manchester United in attempt to beat Abu Dhabi’s Manchester City on the pitch October 15, 2018 Manchester United’s New-York listed shares have surged amid talks Saudi Arabia’s crown prince could launch a multi-billion pound bid for the footballing powerhouse. Mohammad bin Salman, the leader under fire over the death of a Saudi journalist, is reportedly considering a £3bn takeover of the club from the American Glazer family. Read more: Manchester United [...]
Disney moves to pacify EU regulators with concessions on $71bn Fox deal October 15, 2018 Walt Disney has made commitments it hopes will please European regulators, allowing its acquisition of Twenty-First Century Fox to go ahead. The concessions, filed Friday with the European Commission, will be considered by EU antitrust authorities, before a decision is reached by 6 November. Read more: Fox and Disney to sell minority Sky stake to Comcast [...]
Tech giants stumble as Wall Street fails to recover from nightmare week October 15, 2018 The big five US tech companies dropped over $30bn (£23bn) from their market value yesterday as Wall Street struggled to bounce back from a nightmare week. Netflix recovered slightly after an initial three per cent drop when the share’s target price was slashed by Raymond James and Goldman Sachs. Read more: Snap to challenge Netflix [...]
Hargreaves Lansdown warns of ‘industry-wide slowdown’ as assets grow 3 per cent October 11, 2018 Hargreaves Lansdown weathered an “industry-wide slowdown,” adding £2.5bn in assets in the last quarter as the company struggled with uncertain markets and investors. The investment platform grew quarterly revenue 16 per cent to £121m compared to last year. Read more: UK banks risk being downgraded in no-deal Brexit situation It added net new business of [...]
Elderly woman ‘crushed’ by hoarding outside west London H&M, rushed to hospital October 11, 2018 A woman has been rushed to hospital with serious injuries after being crushed by a hoarding outside an H&M store in west London. The woman, described by witnesses as in her 70s, was taken to a major trauma centre after being injured this morning. Read more: Earl's Court Station evacuated as person on track airlifted [...]
Dunelm high street stores grow, but are outstripped by online boom October 11, 2018 Shares in Dunelm rose almost six per cent in early trading as the company showed strong growth online despite closing three websites. Like-for-like revenue grew 4.2 per cent year-on-year in store and online in its first quarter, but group takings remained flat after it shut down three websites earlier this year. Although in-store and online growth [...]
