Row over Bank of England’s Venezuelan gold heats up as senior Tory MP writes to Carney January 28, 2019 The row over the Bank of England’s handling of Venezuelan gold escalated tonight after the former chair of parliament’s Foreign Affairs Committee revealed he had written to governor Mark Carney expressing his concerns over the arrangement. Senior Tory MP Crispin Blunt urged the governor to block President Nicolas Maduro’s attempts to take back the gold, [...]
Which mobile operators offer London’s fastest download speeds? January 28, 2019 Mobile customers on EE and Vodafone are most likely to enjoy fast download speeds in London, a new report has found. Download speeds in the heart of London reach more than 35 Mbps on EE and Vodafone, roughly seven times faster than competitors O2 and Three, according to data from Root Metrics. Read more: Vodafone and [...]
Google and IAB hit with fresh complaints over ‘intimate’ user profiling for adverts January 28, 2019 New evidence emerged today outlining the extent of Google’s collection of ‘intimate’ user data amid a pan-European legal complaint against the tech giant. Mental health, infertility, sexual orientation and religious beliefs are among the categories attached by Google to internet browsers to be used in real-time ad auctions. Read more: Google hit with €50m fine by [...]
Buzzfeed set to slash half its UK editorial roles in restructuring plan January 28, 2019 Buzzfeed will cut its UK editorial team by almost 50 per cent as part of a cost-cutting strategy amid falling advertising revenues. The online publisher is set to reduce its London-based team from 37 to 20 employees as it looks to reduce its global headcount by 15 per cent. Read more: Buzzfeed and Verizon plan to slash [...]
UK advertising spend set to slow as Brexit jitters hit brands January 28, 2019 Spending on advertising is set to slow to 4.6 per cent in 2019 as brands tighten the purse strings, with growth expected to fall further if the UK does not secure a Brexit deal. The projected slowdown comes after ad spend grew six per cent to an estimated £23.5bn in 2018, according to figures from [...]
Ocado and Marks & Spencer see shares rise on reports of food delivery partnership January 28, 2019 Shares in Marks & Spencer and Ocado were up this morning following reports the firms are in talks over a possible food delivery partnership. Ocado and Marks & Spencer saw their shares rise five per cent and one per cent respectively in early trading after it emerged the retailer could sign a deal to use [...]
Conde Nast launches new online magazine Vogue Business for fashion professionals January 28, 2019 Conde Nast International is launching a new business magazine aimed at professionals in the fashion and luxury industries as it looks for new revenue sources amid a tough climate for publishers. Vogue Business will be online-only and will launch as a bi-weekly newsletter, with a view to switching to a paid model in the future. [...]
Hundreds of new UK breweries open as craft beer boom continues January 28, 2019 Hundreds of new craft breweries opened in the last year as boozers defied Brexit fears to drive the growth in independent beer brands. A total of 430 new craft breweries opened in the year to the end of December 2017 as the market share of niche beers continues to rise, according to UHY Hacker Young. [...]
Openreach to hire 3,000 new engineers to boost full-fibre broadband rollout January 28, 2019 Openreach today said it will hire 3,000 new apprentice engineers across the UK to support its rollout of full-fibre broadband. The roles, just over half of which are newly-created, will be filled over the next 12 months and are an extension of a huge recruitment drive as the telecoms firm looks to build its new [...]
Diageo looks to key American market as it hopes price hikes will raise spirits January 27, 2019 Drinks giant Diageo will be hoping for a strong performance in the US when it reveals its results later this week, with price hikes expected to boost margins. The British brewer, whose brands include Guinness, Smirnoff and Johnnie Walker, will be eyeing a boost in sales of vodka and whiskey in the crucial North American [...]
