How the Treasury cooked the books in calculating the impact of Brexit May 11, 2016 Three weeks ago, the Treasury released its report into the long-term implications of Brexit, predicting widespread economic destruction. There will soon be a sequel, analysing what the short-term impacts of leaving the EU might be. One doubts you’ll need the foresight of those who successfully predicted a Leicester City Premier League victory to guess what [...]
ITN boss calls for more BBC outsourcing ahead of crunch white paper May 10, 2016 The BBC should use its “incredible position as a buying power” to boost outside TV production companies, the head of ITN has said. John Hardie told City A.M. programmes such as Newsnight should be put out to tender. His comments come ahead of Thursday’s publication of a new white paper setting out the next BBC [...]
Amazon just launched its own version of YouTube May 10, 2016 Amazon has upped the ante again when it comes to video with a new service which sounds a lot like YouTube. Users will be able to upload their own content through Amazon Video Direct (AVD) and it will be available to the millions of members of its Prime Video streaming service alongside movies and original TV shows, such [...]
One killed, others seriously injured after knifeman attacks rail passengers in Grafing, Munich May 10, 2016 One person has been killed and several others seriously injured after a man attacked passengers at a train station in Grafing, near Munich, local media is reporting. The knifeman is said to have wounded a number of people, at least three of whom are said to have been left with life-threatening injuries. One man has reportedly died from [...]
Live: Pensions lifeboat says that it had concerns about the BHS pension scheme in 2012 May 9, 2016 The BHS' pension scheme was on the Pension Protection Fund's (PPF) radar as far back as in 2012, MPs were told today. Alan Rubenstein, chief executive of the PPF, also explained to a committee hearing that the scheme had a 23-year recovery plan at that point, which is significantly longer than would usually be allowed. Lesley Titcomb, [...]
Before the bell: What you need to know before the US market open May 9, 2016 Stock markets lost ground over the last week but look set to open stronger today. S&P futures are up by 0.13 per cent, while the Nasdaq is up by 0.25 per cent. Dow futures are trading up by 0.21 per cent ahead of the open. Last week the Dow slipped 0.2 per cent, the S&P declined by [...]
After Apple, another smartphone maker is feeling the slowdown – this time, HTC May 9, 2016 It's tough time in the smartphone market these days. Pretty much everyone who's going to get one has already got one – in established markets at least – and that means the market is, in fact, more finite than firms imagined when growth rocketed over the past few years. Even for the likes of Apple. But it's HTC which is [...]
The blockchain payments app: How Circle plans to change the way we spend – and think about money May 9, 2016 You don't pay to send someone an email – to send information from one place to another. And merchants typically pick up the cost of actually making the transaction when you buy something online. And the founders of Circle – the free, blockchain-enabled payments app – don’t think you should pay to send money, either. [...]
Marketing in the age of Instagram: Olapic’s Jose de Cabo talks visual marketing, the future of earned content and what’s so special about the colour blue May 9, 2016 "Brands are not what marketers say they are anymore. They’re what consumers say they are,” says Jose de Cabo, co-founder of visual marketing platform Olapic. “User-generated content performs better than brand assets because it is more authentic.” Launched just as Instagram was starting out, Olapic uses software to root out hashtagged photos and videos from [...]
Top Gear and Radio Times magazine owner on for £300m sale May 8, 2016 Immediate Media, the publisher of some of Britain’s most popular magazines like Radio Times and Top Gear, is rumoured to be on sale for £300m. According to the Sunday Times, the publisher’s private equity owner Exponent is interviewing advisers for handling the sale that is expected to be completed before the summer. One of Britain’s [...]