Usain Bolt loses his “triple triple” after Jamaica told to hand back relay golds from Beijing 2008 January 25, 2017 Sprint king Usain Bolt has lost the distinction of his career-defining “triple triple” after the Jamaican was ordered to return one of his nine Olympic gold medals. The world’s fastest man has been stripped of the 4 x 100m relay gold he won at the Beijing Games in 2008 after team-mate Nesta Carter’s sample was [...]
William Hill reveals encouraging signs after a year to forget in 2016 February 24, 2017 William Hill put on a brave face on its full-year performance this morning with the firm's share price rising nearly one per cent after the bookmaker delivered figures that were in line its revised guidance. The figures Net revenue was up one per cent to £1.6bn but adjusted operating profits dived 10 per cent to £262m. [...]
Adverts selection: OpenX’s Tim Cadogan and John Murphy on why ad exchanges are a market for lemons and how to improve the quality of traffic September 5, 2016 In the eyes of OpenX, advertising has – or had – a distinctly economic problem. For brands and publishers which trade advertising space programmatically over ad exchanges, information asymmetry and adverse selection are all too common. “It's like a market for lemons”, says John Murphy, vice president of marketplace quality, referencing the famous 1970 paper [...]
Here’s how City analysts reacted to Cobham’s new £500m rights issue and a decline in profits March 2, 2017 Today, embattled defence giant Cobham announced a £500m rights issue at the same time as it unveiled a 37 per cent fall in pre-tax profits. The aerospace firm issued its fifth profit warning in less than two years in February, and its outlook for 2017 isn't looking any rosier. Cobham said it will be "challenging to deliver a similar [...]
Nissan asks government for £100m supply chain fund after Brexit February 28, 2017 A top Nissan executive has said the government must step in with millions of pounds of investments in the car parts industry in the UK if it is to continue to manufacture cars at its Sunderland plant. Colin Lawther, a senior vice president in charge of manufacturing at Nissan, said the manufacturer will “review constantly” [...]
Former astronaut Buzz Aldrin has a plan on how to get to Mars and settle humans there – and he’s set it out in virtual reality March 18, 2017 As the second person to set foot on the moon, Buzz Aldrin knows more about space than most. And now, the former astronaut has released a virtual reality (VR) film setting out his plans to get humans to Mars. Read more: Elon Musk promises the moon (to two people who can afford it) It features Aldrin as [...]
May announces £100m defence collaboration deal with Turkey January 28, 2017 Prime Minister Theresa May and Turkish President Recep Tayyid Erdogan have announced a defence deal worth over £100m for the development of fighter jets for Turkey. May is currently visiting Turkey to talk about both trade and security. Read more: Is Theresa May right to be cosying up to Donald Trump? Speaking at Erdogan's presidential [...]
Uber is withdrawing from Denmark, blaming tough new regulations March 28, 2017 Uber is closing its operation in Denmark, after it said new rules due to come into force in the country will make its operation “untenable”. A spokesman confirmed the ride-hailing app is withdrawing from the country, saying new regulations set to be introduced in the country shortly cap the number of licences issued to drivers [...]
The gender pay gap has halved in a generation (for this group of women) January 4, 2017 The gender pay gap has halved over the course of a generation, new figures have shown – but only for one group of women. A study by think tank The Resolution Foundation found the pay gap for millennial women in their 20s has fallen to five per cent. For baby boomers at the same age, the [...]
The way you drink your coffee says a lot about your age February 2, 2017 Believe it or not – the way you like your coffee depends on your age, and the more millennial you are, the more adventurous you are with your coffee choices, according to a new study. Espresso machine maker Eversys found older generations of coffee drinkers prefer to keep things basic and stick to traditional brews, [...]