Public will be able to make digital HMRC complaints from August April 25, 2019 The chair of the Treasury Committee, Nicky Morgan, has today welcomed the move by HM Revenue & Customs (HMRC) to let the public make complaints about its decisions digitally. Read more: HMRC claims its online tax evasion crackdown has clawed back £200m Earlier this month Morgan said her and the Committee, which scrutinises the Treasury [...]
Inside Huawei: Spies, spin and billions at stake April 24, 2019 The journey from Paris to Verona takes just two minutes. The small, replica Swiss train trundles past imposing French chateaux and gothic German castles, sliding effortlessly through 12 European cities before ending up, after just under eight kilometres of newly-built track, back in Paris. On Huawei’s new Ox Horn campus, not far from the Chinese [...]
UK digital advertising spend jumps to £13bn as brands opt for smartphone ads April 24, 2019 Digital advertising spend hit £13.4bn last year as smartphone adverts overtook desktop for the first time, new figures have revealed. Data from digital advertising body IAB and PwC show UK ad spend jumped 15 per cent in 2018 amid a boom in digital formats. Read more: Digital advertising firm Teads posts double-digit revenue rise Ad [...]
Twitter profits triple as it reaps rewards of crackdown on harmful content April 23, 2019 Shares in Twitter rose more than 16 per cent today after the social media platform posted a threefold increase in first-quarter profits. Read more: Twitter boss Jack Dorsey was paid just $1.40 in 2018 The figures Revenue grew 18 per cent year-on-year to $787m (£605m) in the three months to the end of March. Net [...]
Chief executive of struggling Kraft Heinz to step down April 22, 2019 Kraft Heinz has today announced that chief executive Bernardo Hees is to step down and be replaced by Miguel Patricio, an executive at drinks giant Anheuser-Busch InBev (AB InBev). Read more: Kraft Heinz share price plunges as SEC probe and losses spook Wall Street The US food company said that Patricio, who is Portuguese, will on 1 [...]
Antisemitism just doesn’t matter that much to Labour – what a surprise April 18, 2019 Spare a thought for poor Richard Burgon, the Labour front-bencher under attack after having his own words heartlessly quoted back to him. The shadow justice secretary’s woes began when he was pressed in a 2018 BBC interview on his alleged quote that “zionism is the enemy of peace”. Burgon repeatedly claimed “I didn’t say that” [...]
City Moves for 18 April 2019 – Who’s switching jobs at VGC Partners, TFoil and Lilium? April 18, 2019 Today's City Moves includes VGC Partners, TFoil and Lilium. VGC Partners London-based growth capital investor VGC Partners has appointed Andrew Lister as investment and portfolio director as the firm looks to invest from its £50m Fund II in high-growth consumer, media and technology businesses. Andrew joins from Marlin Equity Partners, where he spent over three years [...]
Britain is more optimistic about Brexit than gloomy economic forecasts suggest April 17, 2019 The International Monetary Fund (IMF) is up to its usual tricks. Last week, it predicted a two-year recession in the UK in the event of a no-deal Brexit. Even in the main forecast, involving a mild Brexit, GDP was projected to grow by only 1.2 per cent this year and 1.4 per cent in 2020. These [...]
The UK’s booming job creation calls for more workers April 17, 2019 Another blistering set of figures emerged from Britain's jobs market yesterday, with employment soaring to a fresh record high and joblessness sinking to its lowest level since the mid-70s. A further 179,000 people entered employment in the three months to February, the Office for National Statistics said, up by nearly half a million on the [...]
City Moves for 17 April 2019 – Who’s switching jobs at DX Group, Hogan Lovells and Highland Natural Resources? April 17, 2019 Today's City Moves includes DX Group, Hogan Lovells and Highland Natural Resources. DX Group Four decades after founding DX Exchange as a reaction to the postal strikes of the 1970s, Pauline Lyle-Smith has returned to the business as brand ambassador. The move is one of a series of initiatives by DX as it invests in [...]