Exclusive: Google to pass on digital tax cost to advertisers September 1, 2020 Google will increase the price of advertising on its platforms in the UK due to the Digital Services Tax, City A.M. can reveal. In an email sent to advertisers today, seen by City A.M., the tech giant laid out plans for a two per cent ‘UK DST Fee’ which will be added to invoices from [...]
Climate protesters target Lloyd’s of London over fossil fuels insurance September 1, 2020 Returning Lloyd’s of London employees have been met with protesters who are demanding the insurer ditch its fossil fuels insurance to protect the climate. Campaign group Insure Our Future launched its campaign outside Lloyd’s of London office this morning as the insurer reopened its underwriting hall. Protesters are criticising Lloyd’s for failing to take “meaningful [...]
Retail footfall jumps as consumers get their fill of Eat Out to Help Out scheme September 1, 2020 Footfall across the UK’s retail destinations rose six per cent last week as consumers rushed to take advantage of the last full week of the Eat Out to Help Out initiative. According to retail analysts Springboard, footfall increased across all three types of shopping destination, giving the sector its best week since the end of [...]
Germany upgrades growth forecast to reflect ‘V-shaped’ recovery September 1, 2020 The German economy will shrink by less than initially expected this year and GDP will recover its pre-coronavirus size by the start of 2022, the country’s government predicted today. Economy minister Peter Altmaier said the government now predicted the economy would shrink by 5.8 per cent this year, compared to a previous estimate of 6.3 [...]
UK mortgage lending rises in July as housing market picks up post-lockdown September 1, 2020 UK mortgage lending accelerated in July, a latest sign of a post-lockdown bounce-back in the housing market, and consumers returned to borrowing, data from the Bank of England showed today. Mortgage approvals jumped to 66,300 from just under 40,000 in June and seven times higher than their coronavirus pandemic low of barely more than 9,000 [...]
Obituary: Former IoD chair Lady Barbara Judge September 1, 2020 Lady Barbara Judge, who has died aged 73 from pancreatic cancer, was a trailblazer in a varied career which spanned law, banking, regulation, media and the nuclear industry. An outspoken advocate for the accession of women in the workplace, she broke barriers becoming the first female director at Rupert Murdoch’s media giant News International and [...]
Government extends emergency agreement for Great Western Railway September 1, 2020 First Group this morning said the Department for Transport (DfT) has extended its emergency deal to keep franchise Great Western Railway (GWR) running for another nine months. At the end of March, First Group signed a new contract with DfT to run the franchise for three years, with the option to extend the deal by [...]
STV swings to loss as advertising revenue slumps September 1, 2020 STV today posted a loss for the first half of the year as record audience figures failed to offset a sharp fall in ad revenue caused by coronavirus. The figures Revenue for the six months to the end of June dropped 19 per cent from £54.9m to £44.7m. STV’s Ebitda fell 40 per cent from [...]
UK factories grow at fastest pace in six years but continue to slash jobs September 1, 2020 The UK manufacturing sector’s output grew at the fastest pace in more than six years in August as factories continued to recover from the coronavirus lockdown, a survey has shown. However, the sector was far from its pre-coronavirus size and firms laid off workers at a rapid rate as they adapted to the new economic [...]
New BBC boss promises ‘urgent reform’ amid pressure over funding September 1, 2020 The new director general of the BBC has promised to keep reforming the public service broadcaster “with urgency” as he faces a fierce debate over its funding model. Tim Davie, who took up the top job today, acknowledged that the corporation faced challenges, but insisted it remained relevant in the modern media landscape. “Overall my [...]
