Food giant Delivery Hero enjoys revenue rise thanks to order growth February 6, 2019 German food delivery firm Delivery Hero has posted a huge rise in revenues for 2018 thanks to an increase in orders and expansion into new markets. Revenues including Germany grew 65 per cent to €792m (£817m), ahead of previous forecasts of between €780m and €785m, while fourth quarter sales soared 75 per cent to €248m. [...]
Fine social media sites that fail to protect children, Labour says February 6, 2019 Social media companies could face hefty fines if they fail to protect children and young people on their platforms under strict new rules proposed by Labour. The party’s deputy leader, Tom Watson, will today give a speech saying the digital market has been “distorted” and outlining plans to ensure sites have a legal duty of [...]
Charity Commission issues official warning to IEA over legal breaches in Brexit report February 5, 2019 The charities regulator has issued an official warning to the Institute of Economic Affairs (IEA) for breaking charity law in a report about Brexit. The Charity Commission today censured the Westminster think tank for a report into the post-Brexit economy in the UK, which was published in September but has since been taken down. Read [...]
Sir Nick Clegg summoned in front of MPs over social media abuse February 5, 2019 Sir Nick Clegg has been asked to appear in front of a parliamentary committee to answer questions about the harassment of MPs on social media. The Joint Committee on Human Rights (JCHR) has written to Clegg, who is head of global affairs and communications at Facebook, asking him to give evidence as part of its inquiry [...]
UK economy set for much-needed spending boost thanks to Chinese tourists February 5, 2019 The UK economy is set to receive an international spending boost as tourists from outside the EU continue to splash out in spite of Brexit worries. International spend will increase four per cent year-on-year over the next 90 days, according to forecasts from tourism shopping firm Global Blue. Read more: China's success will depend on the [...]
Merkel calls for Huawei security guarantees ahead of 5G rollout February 5, 2019 German Chancellor Angela Merkel has said Huawei must offer guarantees about the security of its technology if the Chinese firm is to be involved in the country’s 5G network. During a visit to Japan Merkel raised the issue of security fears surrounding the telecoms company, saying she wanted to speak with Chinese authorities so “the [...]
Ocado boss Tim Steiner refuses to comment on M&S tie-up reports February 5, 2019 Ocado chief executive Tim Steiner today refused to be drawn on reports of a potential tie-up with Marks & Spencer after reporting a revenue boost in the firm’s full-year results. “We’re in the business of talking to retailers; we’re constantly talking to different retailers all around the world about opportunities we may have with them,” Steiner [...]
European companies suffer 60,000 data breaches in eight months February 5, 2019 More than 59,000 data breaches have been reported across Europe since data protection laws were brought in last year, new figures have revealed. The Netherlands, Germany and the UK topped the list of the most reported breaches in the eight months since new GDPR laws came into force, according to law firm DLA Piper. Read [...]
Aldi and Lidl bag more market share as Veganuary boosts supermarkets’ fresh produce sales February 5, 2019 Aldi and Lidl enjoyed the strongest growth of any UK supermarket over the past 12 weeks, according to the latest industry figures, as Veganuary boosted fresh produce sales across the sector. Around 18.3m households shopped in at least one of the discount supermarkets in the 12 weeks to 27 January, industry research firm Kantar Worldpanel data revealed [...]
Supermarket sales boost consumer spending but high street woes continue February 5, 2019 Consumer spending returned to growth in January thanks to increased purchases of essentials, but high street retailers continue to feel the strain. Spending rose 2.9 per cent year-on-year last month thanks to a strong performance from supermarkets, which saw their highest rate of growth since April 2017 at 6.8 per cent, according to data from Barclaycard. [...]
