Hasbro shares slide despite lockdown board game boost October 26, 2020 Shares in toy maker Hasbro dropped 10 per cent today as declining revenue from its film and TV operations offset a bumper performance by its board games business. Hasbro reported net revenue of $1.8bn (£1.4bn) in the third quarter, down four per cent on the same period last year. The figure came in ahead of [...]
Tech firms demand legal safeguards over content moderation October 26, 2020 Tech giants including Google and Facebook have called on the EU to introduce a “legal safeguard” to limit their liability when proactively tackling harmful content. Brussels is currently drafting rules under its upcoming Digital Services Act that would increase companies’ responsibility for removing illegal material posted to their platform. But in a report released today, [...]
Three factors behind the rise of the retail trader in 2020 October 26, 2020 2020 has seen global financial markets such as equities and foreign exchange (FX) being moved by an army of retail traders, in a manner we have not seen previously. Their influence is here to stay, writes Brendan Callan. It’s a cliché frequently used to describe the events of this year, but 2020 has not been [...]
British Airways ends in-flight food partnership with M&S October 26, 2020 British Airways today confirmed that it is set to end its three-year partnership with M&S to provide food on short-haul trips for economy-class passengers. A spokesperson for the airline confirmed the move: “We proudly launched our buy-on-board catering in 2017 with high street favourite, M&S. “After a successful journey, we are headed off on a [...]
It may not feel like it but the greatest year of sport is almost upon us October 26, 2020 As we fast approach the end of the year we should all allow ourselves to look forward to crawling out of the dark cloud of Covid-19 and into 2021, the greatest year of sport ever. Euro 2020, the Tokyo Olympics and Paralympics, Twenty20 cricket World Cups, the Women’s Euros, a Ryder Cup, a Rugby League World [...]
Commercial rent collections buoyed by September’s short-lived return to offices October 26, 2020 Commercial rent collections started to recover in the third quarter due to the reopening of non-essential retail, offices and schools after lockdown. Real estate services firm Cushman & Wakefield said today that it had collected 77 per cent of rents owed to its clients on the 21st day after the third quarter due date. The [...]
Facebook takes on Google and Amazon with cloud gaming launch October 26, 2020 Facebook has launched a free cloud gaming feature on its platform, becoming the latest tech giant to move into the lucrative games market. The social media site today said users will be able to stream games such as Asphalt 9: Legends and PGA Tour Golf Shootout on the Facebook app and browser with no download [...]
Deserted city centres slowing Britain’s job recovery, research finds October 26, 2020 Deserted high streets and city centres are hurting Britain’s jobs recovery, with urban areas including central London suffering the steepest declines in vacancies. The latest research showed that seven months on from the introduction of the nationwide lockdown, work opportunities have failed to return to pre-pandemic levels across major UK towns and cities. London has [...]
Ant Group to raise $34bn in world’s biggest stock market debut October 26, 2020 Ant Group is aiming to raise up to $34.4bn (£26.4bn) in what will be the world’s largest ever initial public offering, stock market filings confirmed today. The Chinese fintech firm is set to raise $17.2bn in both Shanghai and Hong Kong through the mammoth dual listing. Ant Group set the price tag for the Shanghai [...]
Bombardier Belfast deal to complete this week October 26, 2020 A $1.2bn (£900m) deal for Bombardier’s Belfast facility will complete this week, a year after it was first announced. Kansas-based Spirit Aerosystems will purchase the Canadian firm’s Northern Irish unit – the largest employer in the region – along with facilities in Morocco and Texas. It now expects cash proceeds of $275m, 45 per cent [...]
