Former Trump campaign boss Paul Manafort jailed for financial crimes March 8, 2019 US President Donald Trump’s former campaign manager Paul Manafort has been sentenced to 47 months behind bars for fraud. Manafort was last year convicted of five counts of tax fraud, two counts of bank fraud and one of failing to disclose foreign bank accounts. Read more: Manafort to plead guilty to Mueller investigation charges The [...]
Countrywide shares tumble as it confirms heavy losses amid housing market slowdown March 7, 2019 Shares in estate agency Countrywide dropped more than eleven per cent today after it confirmed a widening of its full-year losses and warned of a tough year ahead. The figures Full-year revenue fell seven per cent to £627.1m, driven by a pipeline deficit in sales. The firm’s losses widened from £207.3m to £218.2m. Adjusted earnings before [...]
Vodafone expands 5G rollout to 19 UK cities this year March 7, 2019 Vodafone will roll out 5G in 19 cities across the UK this year as it looks to pull ahead of rivals in the race to launch the new network. The operator has already announced 5G trials in Birmingham, Bristol, Cardiff, Glasgow, Liverpool, London and Manchester. Read more: Vodafone connects smartphones to 5G in world first [...]
MPs launch inquiry into drone risk after Gatwick travel chaos March 7, 2019 MPs have launched an investigation into the ethical and safety implications of drones in the wake of travel chaos at UK airports. The Science and Technology Committee (STC) has launched a probe into the use of civilian drones across the UK ahead of the government’s so-called Drone Bill, which is expected this year. Read more: [...]
BBC ‘risks irrelevance’ unless it adapts to digital age, says director general March 7, 2019 The BBC risks irrelevance unless it adapts to changing viewing habits, the broadcaster’s director general has said. Speaking at the Media & Telecoms Conference this morning, Tony Hall admitted the BBC faces an uphill struggle to keep up with deep-pocketed rivals such as Netflix and Amazon, but insisted public service broadcasters are as important as [...]
‘Tim Apple’: Donald Trump makes latest name gaffe with Apple boss Tim Cook March 7, 2019 US President Donald Trump has referred to Apple chief executive Tim Cook as ‘Tim Apple’ in his latest name-related gaffe. Trump met with the Silicon Valley boss during a White House meeting of the American Workforce Policy Advisory Board, which was set up to help the country manage the shift to automation and artificial intelligence. [...]
John Lewis slashes bonus as profits plummet 45 per cent in ‘challenging’ market March 7, 2019 John Lewis has cut its staff bonus after posting a 45 per cent fall in profits as the retailer battles against high street woes. Profit before tax dropped to £160m last year as the department store chain slashed prices in a bid to combat declining footfall and excess retail space. Read more: John Lewis considers cutting staff [...]
Quiz shares in freefall as retailer issues second profit warning of the year March 7, 2019 Fashion retailer Quiz saw its share price nosedive this morning after issuing its second profit warning of the year. Shares in the clothes brand plummeted more than 40 per cent in early trading after it revised its full-year revenue forecast to £129m, down from the £133m estimate posted in January. Read more: Quiz shares tumble [...]
Advertising industry group hits back in row over junk food ad bans March 7, 2019 Restrictions on junk food adverts have a huge economic impact and fail to address the problem of childhood obesity, the advertising industry body has said. In a report published today the Advertising Association (AA) states children’s exposure to adverts for products with high fat, salt or sugar (HFSS) contents has declined in recent years, yet [...]
Mars, Mondelez and Kellogg’s hit with advert bans over inappropriate targeting March 6, 2019 Food brands Mars, Mondelez and Kellogg’s have all been handed down advert bans after the watchdog ruled they had inappropriately targeted children and exaggerated health claims. Mars was censured over an advert for its Wrigley’s Extra chewing gum, which featured on Channel 4’s on-demand service. Read more: Sky Incredibles advert banned over superfast Wi-Fi claims [...]
