Out of home advertising: Kinetic’s Stuart Taylor talks with City A.M. October 10, 2016 WHILE travelling to Kinetic’s office in Bloomsbury, it hit home just how prevalent out of home advertising is. There are 30 screens as you stroll down the escalator towards the underground at Bank, each beaming a different message. Sat on the train, averting eye contact, your eyes are drawn to the adverts next to the [...]
How low can the pound go? All your questions about the flash crash answered October 10, 2016 Currency markets opened yesterday evening after a turbulent end to last week for the pound. Sterling has slowly trundled steadily south since Britain’s decision to leave the EU. But last Friday sterling plummeted by six per cent in just two minutes during the early hours of the morning – it was dubbed a “flash crash”. Read [...]
Goldman Sachs to shift 2,000 jobs out of London if goverment pursues “hard Brexit” October 9, 2016 A so-called "hard" separation of the UK from the European Union would prompt Goldman Sachs to shift 2,000 highly paid staff out of London. The loss of Britain's prized preferential access to the single market would lead the Wall Street stalwart to move one in three of its employees to rival financial hubs across Europe, The [...]
Lewis Hamilton lashes out at Mercedes again after losing further ground in title race to Nico Rosberg at Malaysian Grand Prix October 9, 2016 Faltering world champion Lewis Hamilton showed further signs of frustration with Mercedes after seeing his hopes of retaining the title recede again at the Japanese Grand Prix on Sunday. The team lodged a complaint about Max Verstappen’s “dangerous” driving after the Red Bull teenager held off Hamilton for second place at Suzuka – a result which left [...]
Sterling smashed in flash crash: Why did it happen? October 7, 2016 Sterling was hit by a freak sell-off overnight as the currency crashed by six per cent seconds after the Asian markets opened for trading. The pound fell from $1.26 to $1.18 almost instantly, before recovering slightly to stand at $1.24 against the dollar. It was the same story against the euro, where the pound sank to [...]
Norwegian’s flying with 14 per cent passenger growth for September October 6, 2016 Low cost airline Norwegian carried nearly 2.8m passengers in September – an increase of 14 per cent on the same month last year. A total of 2,778,806 passengers flew with the airline last month, while total traffic growth increased by 21 per cent and capacity growth was up 19 per cent. Norwegian CEO Bjørn Kjos [...]
Look to Twitter for why Britain’s economy proved Project Fear wrong October 5, 2016 The economic data on post-Brexit Britain is beginning to emerge. We discovered last month that employment in May to July grew by 174,000 compared to the previous three months. Last week, the Office for National Statistics published its estimate for the output of the service sector of the economy in July. This showed a 0.4 per [...]
Former FIA boss Max Mosley says he warned organisation about deal that threatens Liberty Media’s takeover of F1 October 5, 2016 Formula One’s former governor Max Mosley says he warned the sport’s authorities against taking a controversial stake in it which now threatens to put the brakes on the sale of the business. American conglomerate Liberty Media last month agreed to buy F1’s parent company Delta Topco for £3.3bn from its controlling shareholder, private equity firm [...]
Sports and second screens: How stadium designers and broadcasters are dealing with the smartphone revolution October 5, 2016 Pep Guardiola isn't the only figure in elite sports for whom the prevalence of smartphone use has disrupted business as usual The Manchester City manager has cut off 3g and Wi-Fi connection from the club's training complex in order to pull his players' gaze away from screen and back onto the team. Yet for broadcasters, rights holders, club [...]
How to stop your business from getting a soggy bottom October 5, 2016 Great British Bake Off (GBBO) is unquestionably one of the most popular shows on television. It attracts 13m viewers and appeals to the whole family and has done this more successfully than anyone else for six years. In fact, I’d even go as far to wager that a considerable number of you reading this now might [...]