Coronavirus live: OECD warning weighs down FTSE 100 recovery March 2, 2020 The OECD’s warning that the coronavirus outbreak could halve global growth in 2020 weighed down the FTSE 100 today, sending it back into the red before recovering marginally. Traders had initially sent London’s blue-chip index up 2.7 per cent this morning on the back of central banks saying they were ready to intervene to protest [...]
Twitter shares jump as Elliott makes move to oust founder Jack Dorsey March 2, 2020 Shares in Twitter rose more than eight per cent in early trading in New York this afternoon after it emerged an activist investor has launched a bid to oust founder Jack Dorsey. Elliott Management has built up a stake in the social media firm and has nominated four directors to its board. The New York-based [...]
Twitter bans ‘non-critical’ business travel over coronavirus fears March 2, 2020 Twitter has rolled out a ban on all “non-critical” business travel and events as the social media firm ramps up its health precautions amid the coronavirus outbreak. In a blog post published yesterday, Twitter’s chief HR officer Jennifer Christie said the company had informed staff of the new measures at the end of last week. [...]
UK’s consulting market slows its growth in 2019 March 2, 2020 Growth in the UK consulting market almost halved in the three years between the 2016 EU referendum and 2019, a new report has shown. Britain’s consultancy growth slowed from 7.5 per cent in 2016 to four per cent in 2019, according to a study by Source Global Research. Similar growth rates are expected in 2020 [...]
Is the future of the Big Six advertising agencies under threat? March 2, 2020 Navel-gazing about the future is becoming increasingly fashionable in adland. The last few years have been tricky for the industry, as profits have faltered and clients have demanded more and more of the major players. It has led to concerns that the Big Six, the marketing giants which have dominated the sector for the last [...]
How Yorkshire Tea turned a storm in a teacup into a marketing success March 2, 2020 Yorkshire Tea unwittingly found itself in the middle of a Twitter storm last week when the new chancellor, Rishi Sunak, published a seemingly innocuous image of himself “making tea for the team”. The photo featured the brand like a poorly orchestrated influencer marketing campaign. Soon after, the company was faced with a torrent of abuse [...]
City Pages: Behind the scenes at Facebook, the secret lives of extremists and a Silicon Valley memoir March 1, 2020 Facebook: The Inside Story by Steven Levy Review by Emily Nicolle In the past four years, Facebook founder Mark Zuckerberg’s world has been turned upside down. From a simple social media platform he created while studying at Harvard university first blossomed a networking supersite, that later became a regulatory and ethical data minefield which holds [...]
Sky closes in on bumper £300m Six Nations broadcasting deal March 1, 2020 Sky is said to be closing in on a £300m deal for the broadcast rights to the Six Nations in a controversial move that could wipe the rugby tournament from terrestrial TV. The tender process for the new broadcasting contract is set to close when this year’s tournament wraps up on 14 March, with Sky [...]
The new Formula One season is almost upon us but McLaren chief Zak Brown has one eye on 2021 March 1, 2020 Last year’s fourth-placed finish in the Formula One constructor’s championship saw McLaren end one of the most turbulent decades in the team’s history on a high. While it was a huge step forward – climbing from ninth and sixth in the previous two seasons – maintaining that trajectory this year looks all but inconceivable. Mercedes, [...]
Activist Elliott builds Twitter stake as it plots ousting of Jack Dorsey March 1, 2020 Activist investor Elliott Management has built up a stake in Twitter in a bid to oust the social media site’s founder Jack Dorsey as chief executive. The New York-based hedge fund, founded by billionaire Paul Singer, has nominated four directors to Twitter’s board, Bloomberg reported. Elliott is also said to be plotting the removal of [...]