P&O Ferries sues government over £33m Eurotunnel settlement after no-deal Brexit ferries fiasco April 26, 2019 Ferry operator P&O is suing the UK government following the heavily-criticised decision to hand a no-deal Brexit ferries contract to a firm with no boats. Read more: Government ferry contracts to cost millions more if Brexit is delayed The Department for Transport has already been forced to pay Eurotunnel £33m in a settlement after its [...]
Shadow transport secretary says Labour will not hand HS2 a ‘blank cheque’ March 20, 2019 Shadow transport secretary Andy McDonald has said Labour will not grant the controversial HS2 project a "blank cheque" if it gets into office. Giving a keynote speech of Labour's transport policies at the Institute for Government, McDonald reiterated Labour's support for HS2 but said the costs of the £56bn railway would have to be watched "like [...]
Commuters braced for another rail fare hike August 7, 2019 Commuters are braced for a three per cent rail fare hike next week, despite a slump in the punctuality of trains. The rail industry is expected to announce next Wednesday that rail fares will increase by about three per cent, pegged to the Retail Price Index (RPI). Read more: MPs call on government to scrap [...]
Social media ad spend growth plummets amid decline in trust July 2, 2019 Growth in advertising revenue for social media firms declined by roughly a half in the first three months of the year, in a sign of possible cooling in the digital ad market. Social media giants remain dominant in the online advertising sector, with ad spend rising 26 per cent year-on-year to just under $18bn (£14.2bn), [...]
Going on holiday is a chance for a much-needed screen-break, so feast your ears on these podcasts instead July 23, 2019 Just admit it, we are totally dependent on our digital devices. People in the UK now check their smartphones, on average, every 12 minutes of the waking day, according to a worrying 2018 report from media watchdog Ofcom. This is likely to be even worse for business people, with a deluge of emails tiring our [...]
Watchdog warns of ‘real risk’ of repeat to no-deal Brexit ferry fiasco July 10, 2019 The government could waste even more taxpayer money due to its lack of preparation for a no-deal Brexit, a top watchdog has warned, after the Department for Transport (DfT) blew £85m on botched ferry contracts. The DfT’s lack of preparation risks cornering the government into further high-risk procurement contracts, parliament’s Public Accounts Committee (PAC) said [...]
Internet ads to make up half of global media spend by 2020 as mobile use surges May 28, 2019 Internet advertising formats are set to account for more than half of all media spend worldwide for the first time next year as mobile continues to drive growth, new data has revealed. Figures published by industry body Warc showed online advertising will account for 48 per cent of all media spend – roughly $298.1bn (£228.2bn) [...]
City Moves for 1 November – Who’s switching jobs at Cripps Pemberton Greenish, Winckworth Sherwood and Mayer Brown? November 1, 2019 Today’s City Moves includes Cripps Pemberton Greenish, Winckworth Sherwood and Mayer Brown Crsipps Pemberton Greenish Leading law firm Cripps Pemberton Greenish has announced the appointment of Melanie Stancliffe as partner at its London office. Melanie, who is ranked as an expert in legal directories Legal 500 and Chambers and Partners, joined the team on 30 [...]
FTSE 100 reshuffle: What has gone wrong for M&S? September 2, 2019 High street stalwart Marks & Spencer looks almost certain to fall out of the FTSE 100 after markets close today. The retailer’s shares have lost about 40 per cent of their value since January last year, despite management attempts to turn its fortunes around. Read more: Ocado and M&S share prices drop as they complete [...]
The Hundred draft: How it will work, when it is happening and where to watch it October 16, 2019 English cricket is set to break new ground this weekend when a draft process takes place for The Hundred ahead of next summer’s much-anticipated start date. The look of the new eight-team, 100-ball competition, due to run from 7 July to 16 August 2020, has been gradually rolled out. Over recent months, the format, team [...]