Netflix: Subscribers up, password sharing down, as clampdown pays off July 20, 2023 Netflix has gained nearly six million subscribers this quarter as its password sharing clampdown bears immediate fruit. Announcing its second quarter results, the company said paid subscribers grew by 4.14m April through June as they rolled out so-called paid sharing in over 100 countries. The firm had become aware that a number of users of [...]
Andy Silvester on market optimism, US wages and a real-life summer thriller July 20, 2023 Bulls are not regularly seen on the streets of the Square Mile, especially recently. It has been all too easy on my recent travels to find people casting their eyes downward when asked about the City’s prospects, as if the irritatingly grey July skies are dimming optimism before the summer holidays. What’s interesting is that [...]
UK house price growth slows to 1.9 per cent in May July 19, 2023 The average price of a UK house cost £286,000 in May, according to new government data, with the figure being £6,0000 up on 12 months ago – but £7,000 below its September peak. Average UK house prices increased by 1.9 per cent in the 12 months to May 2023, down from a revised 3.2 per [...]
Bank of England dishes out £25m in bonuses despite Andrew Bailey demanding wage restraint July 19, 2023 The Bank of England has dished out tens of millions of pounds in bonuses despite Governor Andrew Bailey and other senior officials demanding workers accept real terms pay cuts. Threadneedle Street rewarded staff with a total of £25m in one-off handouts over the last year, up from £23m in the previous year, according to a [...]
Illegal London candy stores turned into rent free shops in Oxford Street clean-up July 19, 2023 Oxford Street is set for a major revamp as Westminster City Council launches a new £10m scheme to transform London’s iconic high street. The council will make shops vacated by illicit candy stores, which have blighted the leading retail destination, available to small business owners rent free and lower their business rates by 70 per [...]
Some degrees are useless, but it’s the 2:1 obsession we really need to leave behind July 19, 2023 Creeping credentialism reinforces the narrative that a degree is the most reliable route into an ever-increasing number of jobs.
Mega UK Jaguar Land Rover battery plant could be announced this week July 18, 2023 The government is on the cusp of securing a long-term deal from Tata Group to build a new range of EV Jaguar and Land Rover models.
Five mayors preparing legal action against 1,000 rail ticket office closures – but Sadiq Khan not asked July 18, 2023 Greater Manchester mayor Andy Burnham and four other mayors are preparing to take legal action against train operators in an effort to stop the closure of just under 1,000 ticket offices. Industry body Rail Delivery Group drew up plans to close the offices across the country and will move onto station concourses to assist passengers [...]
The Notebook: Ed Perry and Rosie Brown on hiring prison leavers, shopping local and saving our soil July 18, 2023 Ed Perry and Rosie Brown are the sibling owners of COOK, the ‘force for good’ frozen food innovator Closer link between prisons and firms can work for all The government’s call last week for businesses to hire more prison leavers is to be applauded. At a time when the public sector is short of good [...]
Government launches SMR competition to revive nuclear’s role in UK energy mix July 18, 2023 Government ambitions to boost nuclear's flagging role in the country's energy mix will be supported with a new industry vehicle.