FTSE 100 live: London markets to open in red as Meta’s gloomy outlook sends ripples through tech sector
BBC chairman hits back at suggestions of Netflix-style subscription model November 20, 2019 Replacing the BBC’s licence fee with a Netflix-style subscription model would destroy its ability to serve everyone, the corporation’s chairman has said. Sir David Clementi urged advocates of a subscription service to be “realistic” and recognise that the broadcaster’s “principle of universality would be lost”. Read more: BBC signs on-demand deal with Sky as it [...]
Trump inquiry: There was ‘quid pro quo’ in Ukraine call, ambassador says November 20, 2019 President Donald Trump knew about requests to Ukraine for investigations into his rivals and understood there was a “quid pro quo”, a top US diplomat has said. Gordon Sondland, US ambassador to the EU, told an impeachment inquiry that he “followed the President’s orders” and those of his lawyer Rudy Giuliani. Read more: Asian stocks [...]
Green infrastructure funding ‘must be unlocked’ to meet climate change targets November 20, 2019 The global infrastructure system is in need of an “unprecedented” overhaul if governments are to meet global climate change targets, a new report has warned. Research by TheCityUK and Imperial College Business School today revealed that current investment in low-carbon infrastructure is well below the required level. Read more: Labour mulls carbon finance crackdown as [...]
Founder of fashion delivery firm Clipper tables £300m takeover bid November 19, 2019 The founder of Clipper Logistics, which provides delivery services for online retailers such as Asos and John Lewis, is said to be preparing a £300m bid to take the company private. Read more: Asos to boost Black Friday offers after poor trading last year Steve Parkin, who founded Clipper in 1992, has approached fellow board [...]
White House official slams Trump call and ‘cowardly’ attacks on witnesses November 19, 2019 A senior White House official has testified that US President Donald Trump’s phone call with Ukraine’s leader was improper, while blasting “cowardly” attacks on witnesses. Lieutenant colonel Alexander Vindman, the White House National Security Council’s top Ukraine expert, made the comments during a hearing in the impeachment inquiry into Trump. Read more: Donald Trump impeachment: [...]
ITV debate bingo: All the catchphrases to watch out for as Johnson and Corbyn gear up for clash November 19, 2019 Boris Johnson and Jeremy Corbyn will go head to head in a live TV debate tonight, and both leaders will be hoping to deliver the killer soundbite. But if you’re tired of hearing the same old Tory tropes and Labour lamentations, there’s a way to inject a bit more fun into the proceedings. Read more: [...]
Audio firm Focusrite records strong year of growth but warns on outlook November 19, 2019 Shares in audio equipment firm Focusrite dropped more than seven per cent today as it warned of a more subdued first quarter of trading following a bumper year of growth. The Aim-listed company posted revenue of £84.7m for the 12 months to the end of August, up almost 13 per cent on last year, while [...]
London software firm Kape snaps up US cybersecurity company for $95m November 19, 2019 London-based security software firm Kape Technologies today said it has acquired US online privacy company Private Internet Access (PIA) for $95.5m (£74m). Kape, which provides privacy-focused security software, said the merger will create a new global cyber company and almost double its profit. Read more: Labour suffers second cyber attack in 24 hours The Aim-listed [...]
Snapchat says it fact checks political ads in dig at rival Facebook November 18, 2019 Snapchat boss Evan Spiegel has revealed that his platform fact checks all political ads, as he took a swipe at rival social media firm Facebook. Read more: Mark Zuckerberg defends politics ads on Facebook after Twitter ban Tech giants have come under fire in recent months over their failure to crack down on adverts that [...]
Top MP denies British interference in Hong Kong after Chinese ambassador’s warning November 18, 2019 A senior Tory MP has denied that the UK is interfering in foreign affairs after the Chinese ambassador to London blasted Western countries for their response to the Hong Kong crisis. In a speech today Liu Xiaoming accused the government and the influential foreign affairs committee of making “irresponsible remarks” and taking the side of [...]