Tesla share price surges 10 per cent on open as firm reports jump in revenue November 4, 2015 Shares in Tesla Motors leapt up 10 per cent on market open today, after the firm reported revenue of $936.8m (£607.5m) for the third quarter of 2015, up 10 per cent from $851.8m in 2014, late last night. The company recorded net losses of $229.9m during the three months to 30 September, widening losses of $74.7m reported in the [...]
Public Accounts Committee: Taxpayers still being let down by HMRC, with low levels of prosecutions for tax evasion November 4, 2015 HM Revenue & Customs (HMRC) is still failing UK taxpayers, the Public Accounts Committee (PAC) has argued in a report released this morning. Although PAC’s Sixth Report of 2015-16, which examines how HMRC performed during 2014-15, praises the UK’s tax authority for increasing taxes collected while cutting running costs over the last five years, it [...]
GLA Conservatives estimates £576m per year tied up in spare London rooms and encourages Londoners to try out AirBnB November 4, 2015 London’s spare rooms could be worth £576m a year, according to Greater London Authority (GLA) Conservatives. Tony Arbour, GLA Conservatives Assembly tourism spokesman, has argued that half a million people in the capital could rent out a spare room to help pay their bills, which would also bolster London’s tourism industry. According to the GLA Conservatives’ [...]
Online marketplace Etsy all made up with 38pc revenue growth but shares tumble November 3, 2015 Etsy's share price dropped by 6.89 per cent after the close last night, as despite revealing revenue growth of 38 per cent for its third quarter of 2015, springing from $47.6m (£30.9m) in its third quarter of 2014 to $65.7m. The virtual marketplace also saw its active sellers grow 19 per cent to 1.5m and its active buyers [...]
Groupon reveals Rich Williams as new CEO as revenue dips to $713.6m for third quarter of 2015 November 3, 2015 Groupon has announced that current chief operating officer Rich Williams is to be the company’s next chief executive officer. Eric Lefkofsky, the company’s current CEO, will continue on with the company as chairman of the board of directors, and current chairman Ted Leonsis will become lead independent director. The announcement came at the same time [...]
Farmville creator Zynga zooms into profit with net income of $3.1m for third quarter of 2015 November 3, 2015 Zynga has entered the black, posting net income of $3.1m for its third quarter of 2015 with several new games pushing the firm's performance ahead. Shares in the company, which created Farmville and Words With Friends among several other games, went up by 1.22 per cent in after hours trading. By comparison, the social gaming developer made a [...]
FCA’s Tracey McDermott announces UK Debt Market Forum at ABI Conference November 3, 2015 Tracey McDermott, acting chief executive of the Financial Conduct Authority (FCA), revealed today that the FCA would be creating and chairing a UK Debt Market Forum. Speaking at the Association of British Insurers (ABI) Biennial Conference, McDermott explained: “This group will bring together the collective wisdom of a broad range of parties including industry, government [...]
University education is failing to create work-ready students November 3, 2015 More than half (54 per cent) of education experts believe that post-secondary educational institutions, such as universities, fail to adequately prepare students for work, a World Innovation Summit for Education (WISE) study has today revealed. Despite this, 69 per cent of the 1,550 educational experts from around the world, including teachers and education policymakers, questioned [...]
Sales staff more driven by salary than any other profession in UK, find Randstad November 3, 2015 Salespeople are more driven by their pay packet than those in any other profession, a survey released today by recruitment company Randstad has discovered. In the survey of more than 10,500 workers, over two-thirds (69 per cent) of those in sales said salary and benefits is a top consideration when moving jobs, compared to a [...]
IT talent being lured out of London by other Tech Cities, finds Experis report November 3, 2015 Technology talent could be tempted away from London, with almost one in three IT jobs now being offered outside of the capital, a study released today by resourcing specialist Experis has found. Experis’s latest Tech Cities Job Watch report revealed that the number of IT jobs advertised in London dropped by eight per cent to [...]
