Twitter share price dives after Jack Dorsey confirms senior executives Kevin Weil, Alex Roetter and Katie Jacobs Stanton will exit January 25, 2016 Twitter shares tumbled more than five per cent as markets opened in the US, falling below $17 per share again for the fourth time this year. The fall came after Twitter chief executive Jack Dorsey confirmed the departure of four top executives at a time when the social network is under pressure from investors. Dorsey confirmed the exits [...]
Davos 2016: An outlook as chilly as the setting January 22, 2016 So much for a fourth industrial revolution. It’s an inexorable law of the World Economic Forum that each year’s summit must be more crowded, expensive and pessimistic than the last. Whether it’s robotics, fintech or climate change, you can take your pick of this year’s buzz-themes – many dreamed up with the aid of handsomely [...]
Blockchain payment revolution: How to ensure confidence in twenty-first century transactions January 22, 2016 We are on the threshold of a revolution in financial services which promises extraordinary leaps in efficiency for all kinds of transactions. And arguably the biggest obstacle to our society reaping the full benefit of this findustrial revolution is the issue of trust in transactions. When stock exchanges developed centuries ago, a handshake between (predominantly) [...]
Virgin Media cuts 900 jobs in the UK as it continues its plan to grow the company’s ultrafast broadband network January 21, 2016 Virgin Media is cutting 900 jobs in the UK over the next two years, and has begun consulting with the employees affected. The company said it was restructuring in order to expand, and would continue to create new roles and recruit in areas driving growth. One such area of growth is Virgin Media's five year programme to [...]
The return of the mega project helps value of construction schemes hit £74bn in 2015 January 21, 2016 Construction projects soared by £10bn in value last year to £74bn thanks to a resurgence in large-scale schemes. The number of projects commissioned in 2015 decreased by 4.7 per cent year-on-year to under 12,000. However, the total value increased overall as schemes grew bigger, with the average project value rising by 18 per cent to [...]
News Corp says rumours of interest in buying Twitter are untrue as social network’s share price jumps on rumours of potential takeover January 20, 2016 News Corp has denied that it is interested in buying or building a stake in Twitter, after rumours of potential takeover interest pushed the social network's shares up by almost six per cent earlier today. Rupert Murdoch's media giant was cited by CNBC as one potential bidder for the struggling tech firm, however a spokesperson for News Corp [...]
Davos 2016: Why London fintech can transform the 21st century January 20, 2016 In recent years, there has been cynicism about the objectives of the World Economic Forum annual meeting at Davos, with reports of parties, private jets and closed-door discussions. However, the core purpose of the forum should not be dismissed in an era of global upheaval, tensions and economic uncertainty for billions across the developed and [...]
As challenger banks, fintech and digital payments take off, here are four reasons why 2016 will be the year banks are on the run January 20, 2016 Until recently, managing your money meant dealing with a bank. For both businesses and individuals they were pretty much the only game in town. But that’s no longer the case. Thanks to digital challengers, tech startups and the ongoing fallout from the financial crisis, banks face huge competition in all areas of their business. Each [...]
Friends Reunited closes… years after everyone thought it was already gone January 19, 2016 Friends Reunited, one of the pioneering social media sites that allowed people to reconnect with old classmates and colleagues they'd lost touch with, has shut down after 15 years. The site, which was set up in 2000, was one of the earliest of its kind and boasted tens of millions of users at its peak. [...]
The space to create: Ogilvy & Mather UK’s Annette King on New York and the South Bank January 18, 2016 "If you have all the research, all the ground rules, all the directives, all the data – it doesn’t mean the ad is written. Then you’ve got to close the door and write something…” Few would question David Ogilvy’s contribution to advertising. But the idea of closed doors seems anathema to the creative process today [...]