Government pulls YouTube ads after investigation into taxpayers funding extremism March 17, 2017 The government has pulled its adverts from YouTube after an investigation said taxpayers are funding extremist videos online. Someone who posts a video on YouTube generally gets $7.60 (£6.14) for every 1,000 advert views it generates, meaning that YouTubers from even the darkest corners of the internet may be profiting from adverts for the Financial Conduct Authority, Sainsbury's, and [...]
Walkie Talkie sale: Why a foreign buyer for 20 Fenchurch Street would be no bad thing March 17, 2017 Few eyebrows were raised when it emerged a 50 per cent stake in 20 Fenchurch Street, better known as the Walkie Talkie, may be about to go up for sale. The news came a few weeks after its neighbour, the Cheesegrater, was sold for £1.15bn, so you can forgive the Walkie Talkie’s owners for asking [...]
Chaos on the Tube ahead of rush hour this evening with severe delays on the Hammersmith & City, District, Circle, Piccadilly and Victoria lines. March 16, 2017 There is severe disruption across London's underground network this afternoon, with severe delays on the Hammersmith & City, District, Circle, Piccadilly and Victoria lines. The Hammersmith & City, District and Circle line services have been affected by an accident at Shepherd's Bush Market station earlier today, in which a man died after being struck by a [...]
Vodafone share price rises on reports it has reignited merger talks with Virgin Media owner Liberty Global March 16, 2017 Vodafone's share price rose over 1.5 per per cent following reports it had rebooted talks with Liberty Global to thrash out a deal that will shake up the British and German operations of the two telecoms giants. Company sources told technology publication The Register that Liberty Global, which owns Virgin Media, will create a joint venture with Vodafone's [...]
London has attracted a tech fund led by Saudi Aramco, BP and other oil majors looking to collaborate and innovate March 15, 2017 A $1bn (£818.8m) energy fund backed by Saudi Aramco, BP and eight other global oil majors will make London its home in a new vote of confidence for the City post-Brexit. Oil and Gas Climate Initiative's (OGCI) Climate Investments fund aims to invest in and accelerate the commercial development of new emissions-reducing technology. It first announced its plan to push £1bn over [...]
Yahoo hack: US Justice Department files charges against Russian spies in connection with cyber breach March 15, 2017 US authorities have filed charges against Russian intelligence officials in connection with a massive hack of data from Yahoo in 2014. The US Justice Department (DOJ) has indicted four defendants, including two officers of the Russian Federal Security Service (FSB), for "computer hacking, economic espionage and other criminal offenses in connection with a conspiracy, beginning in January [...]
Robert Walters thankful for overseas operations as it posts record revenue figures but warns on uncertain environment March 15, 2017 Headhunter and outsourcing firm Robert Walters today posted record revenues but warned of an "unpredictable geopolitical environment". Shares rose over one per cent in early trading, with the figures boosted by currency gains from its overseas operations. The figures Revenues grew to £999m, up 23 per cent from £813m in 2015 with gross profit up 19 per [...]
Hikma Pharmaceuticals shares soar and lift FTSE 100 despite fall in profits March 15, 2017 Hikma Pharmaceuticals was the top gainer on the FTSE 100 today as its profit drop was smaller than expected. The figures Hikma's group operating profit stood at $302m (£247.6m), down 21 per cent and down nine per cent in constant currency. Group revenue hit $1.9bn, up 35 per cent and up 39 per cent in constant currency. The group proposed a final dividend [...]
Bank of America has its eye on Ireland for a post-Brexit base, as the country urges others not to engage in a red tape race to the bottom March 14, 2017 A senior executive from Bank of America has revealed today it is considering making Dublin its main EU base if the UK cannot hold onto certain rights, such as passporting, post-Brexit. The announcement came the same day the country's officials pleaded with other nations not to take part in a red tape bonfire following the UK's departure [...]
TP Icap to move client relationships to EU countries as it plans for Brexit March 14, 2017 TP Icap said today it will move client relationships out of the UK as a result of Britain's decision to leave the EU. The broker revealed the plans as it posted better than expected annual results, with shares in the firm falling two per cent in early trading. The figures Tullett Prebon completed its buyout of Icap's [...]