Snap shares plummet as its finance chief’s departure takes a toll on investor nerves January 16, 2019 Shares in Snap have opened this afternoon down almost 12 per cent, after news broke of its chief financial officer's impending departure late last night. The company's shares dipped more than eight per cent in after-hours trading, before falling even further as markets opened today to an 11.8 per cent drop. Snap said in a [...]
Shares in recruitment firm Page Group drop amid macroeconomic uncertainty despite record profits January 14, 2019 Recruitment firm Page Group saw its shares fall by seven per cent today after it said in its annual results statement that Brexit uncertainty has affected the job market. The FTSE 250 recruiter said that while it had increased its number of fee-earning staff by 561 in the first three quarters of 2018, this slowed [...]
Three killed and dozens injured after huge explosion in Paris city centre January 12, 2019 Three people have died and dozens more are injured following a huge explosion in central Paris this morning. The explosion, which is thought to have been caused by a gas leak, took place at around 9am local time. Interior minister Christophe Castaner said two firefighters have been killed and 10 people, including one firefighter, are in a critical condition. [...]
Nissan US boss Jose Munoz resigns amid financial misconduct investigation January 12, 2019 A senior Nissan executive has resigned just a day after it emerged he is being investigated in relation to the financial misconduct scandal surrounding Carlos Ghosn. Chief performance officer Jose Munoz wrote in a LinkedIn post last night that he is stepping down from the car manufacturer with immediate effect. Yesterday it emerged Munoz, who [...]
UK economy posts slowest growth in six months but beats lower expectations January 11, 2019 The UK economy grew at its slower rate in six months between September and November, data released today shows, but still managed to beat lower expectations. GDP grew by 0.2 per cent in November compared to the month before, and by 0.3 per cent in the 12 weeks to the end of the month, the [...]
The key to improving our dismal productivity? Reignite the UK’s competitive instincts January 11, 2019 The dismal productivity results out this week should cause alarm for anyone who cares about UK prosperity. And we need to talk about it. Productivity – the cumulative output of our workers per hour – is the critical indicator of how competitive we are as a nation, and the surest way of delivering sustained wage growth. [...]
New visa for architects as trade body calls for ‘drastic reform’ of UK immigration system post-Brexit January 10, 2019 The Home Office launched a visa scheme for exceptional architects today as the Royal Institute of British Architects (Riba) argues UK immigration legislation needs a drastic overhaul post-Brexit to safeguard the £4.8bn industry. From today architects will be able to apply for Tier 1 (exceptional talent) visas – the first bespoke immigration category available for [...]
Wework launches a shoppable London office pop-up store, designed by influencers January 8, 2019 Shared workspace tech giant Wework has today launched a pop-up office in Holborn that is completely shoppable, and is designed with influencers in mind. Open throughout January, the pop-up is filled with office decor from brands such as Urban Outfitters which can be bought via the Liketoknow.it app. Londoners can sign up online to grab [...]
Brands ‘waste’ millions as extent of Instagram influencer fraud revealed January 6, 2019 Brands are wasting millions of pounds on marketing as Instagram influencers buy fake followers to boost their reach. A report by US marketing specialist Captiv8 has revealed that $2.1bn was spent on influencer-sponsored Instagram posts in 2017 but more than 11 per cent of engagement on those posts was generated from fraudulent accounts. It said [...]
Disappointing end to 2018 for UK economy could be confirmed this week January 6, 2019 A disappointing end to 2018 for the UK economy could be confirmed by official GDP figures later this week, analysts have warned. Last week the closely-followed IHS Markit/ CIPS Purchasing Managers’ Index (PMI) revealed a three-month low in UK construction sector activity in December and a 29-month low in job creation in the services sector. [...]