Markets live: US stocks slip as retail sales miss target while FTSE 100 slumps August 14, 2020 Wall Street opened lower after disappointing US retail data while the FTSE 100 languished in the red as the UK’s decision to add France to its quarantine list weighed down travel stocks. The Dow Jones and S&P 500 slipped in early trading on Wall Street, but recovered to tick up 0.11 per cent and 0.01 [...]
N26 staff to form works council after bank fails to break up meeting August 14, 2020 Staff at N26 have made a major breakthrough in their efforts to form a trade union after the digital bank failed to break up a meeting of employees during a dramatic day of confrontation. N26 workers today confirmed they had met and selected an electoral board, which will now begin the process of organising an [...]
UK mobile operators urge government to speed up mast reforms August 14, 2020 The UK’s mobile operators have called on the government to accelerate planned reforms to ensure rural coverage is improved and networks can handle higher demand for data. Mobile UK, the trade body that represents Vodafone, O2, EE and Three, called on ministers to urgently remove barriers to expanding 4G and 5G coverage. This included a [...]
Coronavirus: Casinos, theatres and bowling alleys welcome lockdown easing August 14, 2020 The UK’s leisure industry got a much-needed boost this morning after the government announced a further easing of lockdown measures. Theatres, music venues and casinos are among the sites that will be allowed to reopen from tomorrow as the final parts of the Covid-19 shutdown are lifted. Sports arenas, bowling alleys, skating rinks and soft [...]
Party poopers: Airbnb to limit UK bookings for under-25s August 14, 2020 Airbnb is set to restrict under-25s from booking entire properties in the UK in a bid to crack down on rowdy parties and antisocial behaviour. The trial scheme will prevent guests under the age of 25 with fewer than three positive ratings from booking entire homes near to where they live. The measures, which are [...]
Angry Birds maker Rovio gets lockdown profit boost August 14, 2020 The company behind the Angry Birds franchise has posted a huge rise in profit for the second quarter as players flocked to the hit video game during the coronavirus lockdown. The figures Rovio’s adjusted operating profit jumped 160 per cent to €13.8m (£12.5m) in the three months to the end of June. Revenue slipped 3.6 [...]
Markets live: Wall Street falters and FTSE 100 sinks as US jobless claims fall August 13, 2020 Wall Street faltered and the FTSE 100 finished lower today as bullish sentiment faded and traders turned their attention to US jobless data. The blue-chip index closed down 1.30 per cent to 6,198 points, reversing gains earlier in the week that saw it smash through the 6,200 mark. Rally runs out The hesitant start marks [...]
Social media news consumption drops as trust declines August 13, 2020 The number of people accessing news through social media has fallen in the last year as trust in online platforms has slipped, new figures have revealed. The proportion of Brits using social media sites to stay up to date with the latest stories slipped to 45 per cent in 2020, down from 49 per cent [...]
Daily Mail publisher to cut up to 100 jobs as Covid-19 hits revenue August 13, 2020 The publisher of the Mail newspapers is said to be cutting as many as 100 jobs as the coronavirus crisis continues to take its toll on the publishing industry. Daily Mail and General Trust (DMGT), which also owns Mail Online, Metro and the i newspaper, has started consultations with staff across its publishing arm DMG [...]
Deutsche Telekom lifts guidance as Sprint merger boosts revenue August 13, 2020 Deutsche Telekom today increased its guidance for the full year after the $23bn (£17.6bn) merger between T-Mobile and Sprint boosted second-quarter revenue. The figures Deutsche Telekom posted revenue of €27bn (£24.4bn) in the second quarter, up 20 per cent on the same period last year. Earnings before interest, tax, depreciation and amortization after leases jumped [...]
