Interserve share price hits new lows: But hits back by insisting refinancing has not “stumbled” and talks are proceeding on time | City A.M. February 25, 2018 Troubled support services giant Interserve has come out fighting, insisting crucial talks with banks have not “stumbled”. Interserve is trying to agree new financing terms with its syndicate of lenders after delivering a profit warning last September. In December Interserve agreed a £180m emergency financing package. The funds came after the outsourcer said in October [...]
UK GDP: Pound sterling (GBP) falls after UK economy grows more slowly than expected in the first quarter April 27, 2018 The UK economy grew more slowly than expected in the first quarter, with 0.1 per cent growth in GDP reported by the Office for National Statistics this morning. UK quarterly growth was tipped to fall to 0.3 per cent from the 0.4 per cent recorded from October to December. The 0.1 per cent growth in [...]
Bitcoin mining could take up 0.5pc of global energy consumption in 2018 May 20, 2018 A study has found that by the end of this year, bitcoin mining could be using as much as half a per cent of the world’s global energy usage, making it a significant threat to renewable energy efforts and potentially making it an inefficient investment. Bitcoin mining, which has received increased interest from both the [...]
No takers for the Italian job: Coalition parties bid for more time as neither leader wants to be Prime Minister May 14, 2018 Italy’s new government has yet to be formed, in part because neither leader of the two main parties wants to be Prime Minister. The populist parties Five Star Movement and League have today asked for more time to complete discussions for a coalition. On Sunday night, Luigi Di Maio of Five Star, which received the [...]
Digital advertising spend hits record levels as smartphone usage rockets April 25, 2018 Consumers spending more time on their smartphones has led to a boom in companies spending big on digital advertising. The amount spent on digital advertising last year hit a high of £11.5bn in 2017, a 14 per cent rise on 2016 figures. The findings released today by the Interactive Advertising Bureau (IAB) and PwC found [...]
Asset managers celebrated their best performance since 2010 last year – but fees are still being squeezed May 4, 2018 Asset managers may have experienced their best performance since 2010 last year, but they cannot afford to take their eye off the ball according to one advisory firm. Preliminary data from Boston Consulting Group (BCG) shows that global assets under management grew by 14 per cent in 2017, as net new inflows of cash stood [...]
Financial services jobs are most at risk in t he short term from automation, robotic and atificial intelligence February 6, 2018 City jobs will be lost to automation earlier than those in the wider job market, new research reveals. The first wave of automation arriving in the next two to three years will hit financial and professional services hardest compared to other industries, according to the analysis of more than 200,000 jobs across 26 counties by [...]
Take Pride in your work: representation in advertising isn’t just about ‘pinkwashing’ July 2, 2018 REPRESENTATION matters. Advertising is a constant presence in our everyday lives, but for people in minority groups, it’s not a given that they will see themselves depicted in the media. Take the LGBTQ community. Seven per cent of the UK population identify as lesbian, gay, bisexual, transgender, or otherwise queer, according to the Stonewall charity. [...]
Pride and the LGBTQ: Why representation in advertising isn’t just about “pinkwashing” July 2, 2018 Representation matters. Advertising is a constant presence in our everyday lives, but for people in minority groups, it’s not a given that they will see themselves depicted in the media. Take the LGBTQ community. Seven per cent of the UK population identify as lesbian, gay, bisexual, transgender, or otherwise queer, according to the Stonewall charity. [...]
Bargain Booze owner Conviviality confirms it will be filing for administration putting thousands of jobs at risk March 29, 2018 Conviviality has confirmed it will be filing for administration after failing to secure emergency funding, and intends to appoint administrators within 10 business days. Some 2,500 people work across Conviviality’s brands which include Matthew Clark, Bibendum, Catalyst, Bargain Booze, and Wine Rack. In a statement this morning it said: Unless circumstances change, and in accordance [...]