Regional investment, not taxes, holds the key to bursting the London bubble August 6, 2019 For populist left-wing, typified by Jeremy Corbyn, there are few problems that can’t be solved by taxing the rich. But who exactly are they? A new report by the Institute for Fiscal Studies (IFS) sheds some light on this much-maligned demographic. To be in the top 10 per cent of income tax payers you need [...]
Ad industry urges Boris Johnson to ditch ‘onerous’ junk food ad ban August 5, 2019 The advertising industry has urged Prime Minister Boris Johnson to rethink “onerous” restrictions on ads for unhealthy food amid concerns over the economic impact. In a letter to Johnson, the Advertising Association (AA) said that while it supported the government’s ambition to reduce childhood obesity by 2050, plans to crack down on adverts would not [...]
Regulator opens probe into City broker SVS Securities as it falls into administration August 5, 2019 Stockbroker SVS Securities has collapsed into administration and will face a regulatory investigation amid “serious concerns” about its business. Administrators at Leonard Curtis have been appointed to take control of the City-based broker and are exploring options including a sale, the Financial Conduct Authority (FCA) said in a statement. Read more: UBS becomes first broker [...]
Global heatwave makes July hottest month ever recorded August 5, 2019 Soaring global temperatures meant last month was the hottest ever recorded, weather experts have revealed. Temperatures in July at least equalled, if not surpassed, the highest previously recorded, marking a continued rise in global temperatures over recent years. Read more: London’s Tower Bridge manually cooled in extreme heat to prevent it jamming The data, published [...]
Ofcom clears Channel 4 News over Jon Snow’s ‘white people’ comment August 5, 2019 Ofcom has cleared Channel 4 News of wrongdoing after presenter Jon Snow remarked he had “never seen so many white people in one place” during a Brexit rally. The regulator received 2,600 complaints that Snow’s comment, made at the end of the programme, was racist and offensive. Read more: BBC gets Ofcom approval to stream [...]
Far-right website 8chan down as Cloudflare pulls support after mass shootings August 5, 2019 8chan, the far-right messaging forum linked to recent mass shootings in the US, has been forced offline after cybersecurity firm Cloudflare cut ties with the website. San Francisco-based Cloudflare said it would stop protecting the controversial website at midnight Pacific time (8am BST) today. Read more: At least 30 people killed in separate US mass [...]
Events app Fever books $35m in funding round led by Rakuten August 5, 2019 Events platform Fever has secured $35m (£28.8m) in fresh investment following a funding round led by Japanese internet giant Rakuten. Fever, which lists entertainment events in more than a dozen cities worldwide, said the cash injection will fund investment in technology and expansion in new markets. Read more: Onecom bags £100m in funding as it [...]
BBC accused of ‘pulling a fast one’ on producers over Britbox plans August 4, 2019 The BBC has been accused of “pulling a fast one” on independent production companies over new rules that could give Britbox an advantage over streaming rivals. The broadcaster has proposed new regulations meaning producers can sell their rights to streaming services after 12 months, but only subject to conditions that would be tougher for competitors [...]
Naked Wines hopes US float will be recipe for success after Majestic sale August 4, 2019 Online wine retailer Naked Wines is said to be preparing for a US listing following the sale of sister company Majestic. Chief executive Rowan Gormley has told investors he plans to list the firm on the tech-heavy Nasdaq exchange once the sale of Majestic goes through, the Sunday Times reported. Read more: Majestic Wine sells [...]
Arqiva owners plan break-up of company after ditching £6bn float August 4, 2019 The investment firms behind telecoms mast giant Arqiva are said to be planning a break-up of the business, two years after they ditched a £6bn float. Read more: BT eyes £80m sale of legal software division Tikit as it focuses on full-fibre The move would see Arqiva’s TV and radio towers business split from its [...]