Reach boss Simon Fox to step down as publisher posts strong digital growth July 29, 2019 The chief executive of Daily Mirror publisher Reach is stepping down after seven years, as the company unveiled significant growth in its digital division for the half year. Simon Fox will leave the firm on 16 August and will be replaced by Jim Mullen, who is currently chief executive of gambling giant Ladbrokes Coral. Read [...]
London Stock Exchange in talks to buy data analytics firm Refinitiv for $27bn July 28, 2019 The London Stock Exchange Group (LSE) is in discussions to buy data analytics firm Refinitiv for $27bn (£22bn) in a blockbuster deal that could see the company take on Bloomberg. The exchange group confirmed it is in talks with Thomson Reuters and a consortium of funds linked to private equity firm Blackstone to acquire the [...]
Sadiq Khan’s approval ratings drop to lowest level ever amid knife crime crisis July 28, 2019 Approval ratings for Sadiq Khan have fallen to their lowest levels in his three-year tenure as Mayor of London amid growing concern about crime rates in the capital. Khan has an approval rating of -3, with 30 per cent of Londoners saying they are satisfied with his leadership and 33 per cent dissatisfied, according to [...]
City bigwig Michael Spencer blasts ‘politically motivated’ regulators July 28, 2019 City grandee Michael Spencer has launched a scathing attack on “politically motivated” regulators after his firm successfully challenged a €15m (£13.5m) fine over the Libor rate-rigging scandal. The former Tory party treasurer urged banks to stand up to regulators after his brokerage firm Icap won its court battle against the European Commission earlier this month. [...]
Beggars Group music boss Martin Mills bags £8m payday July 28, 2019 The music mogul behind record company Beggars Group bagged an £8m dividend last year as his firm cashed in the sale of its stake in Spotify. Read more: Warner Music buys record label behind Les Miserables and Mary Poppins Martin Mills, who founded Beggars in 1977, secured the sum after a strong year of trading [...]
Primark demands rent cuts after rivals secure insolvency boost July 28, 2019 Primark is said to be demanding rent cuts on dozens of stores as it looks to keep up with struggling rivals that have cut costs through insolvency procedures. The fashion chain is asking landlords to slash rent by 30 per cent on stores where the leases have several years remaining, and is offering lease extensions [...]
Trump rejects Apple’s request for Mac Pro tariff waiver July 26, 2019 The US will not grant tariff relief to Apple on parts for its Mac Pro computers imported from China, President Donald Trump has said. Read more: Apple splashes out $1bn on Intel’s chip business “Apple will not be given Tariff waivers, or relief, for Mac Pro parts that are made in China. Make them in [...]
Russia threatens retaliation against British media after RT fine July 26, 2019 Russia has warned UK media working in Russia that they will face consequences after Ofcom handed down a £200,000 fine to broadcaster RT. In a statement, Russia’s Ministry of Foreign Affairs said it viewed the penalty as “part of an anti-Russian campaign designed to restrict the activities of Russian media in Britain”. Read more: RT [...]
Twitter shares rise on second quarter revenue boost July 26, 2019 Twitter has posted a strong rise in revenue for the second quarter as its user numbers jumped, pushing shares up more than 10 per cent. The social media firm reported an 18 per cent increase in revenue to $841m (£677m), while monetisable daily active users rose 14 per cent to 139m. Read more: Twitter buys [...]
Eurostar tells passengers not to travel as heat causes train chaos July 26, 2019 Eurostar has warned passengers not to travel to and from Paris today as the heatwave continues to wreak havoc. The train operator warned that issues with overhead power lines in Paris had caused severe disruption, and advised against all but essential travel. Read more: All the train delays to hit the UK as heatwave causes [...]
