Social media firms to be judged on safety standards ahead of new laws May 8, 2019 Social media firms will be judged on their ability to protect their users before tough new legislation is introduced, the culture secretary has warned. Jeremy Wright today said firms need to take greater action to crack down on harmful material posted to their platforms now or risk a clampdown from a future regulator. Read more: [...]
Production falls at under-fire Brazilian miner Vale after a burst dam killed hundreds May 8, 2019 Production at under-fire Vale fell 28 per cent quarter-on-quarter, the company said today after one of its dams burst in January, killing hundreds. The Brazilian miner said production of iron ore dropped 11 per cent year-on-year, but more than a quarter since the last part of 2019, to 72.9m tonnes. Read more: Vale stops operations [...]
Italian choir mistakenly sings Franco-era national anthem to the King of Spain May 8, 2019 It must quickly have become apparent to Italy why Spain’s national anthem has no lyrics. Read more: This is what British people want the national anthem to be As the King of Spain Felipe VI and king emeritus Juan Carlos were heralded by a choir of Italian schoolchildren earlier this week, it quickly became apparent [...]
Puffed: Imperial Brands shares drop on vaping slowdown May 8, 2019 Shares in cigarette maker Imperial Brands fell more than five per cent today after it announced weaker-than-expected e-cigarette sales. Read more: Imperial Brands boosts revenue as its bets on vaping The company boosted its half-year net revenue 3.8 per cent to £3.6bn and earnings-per-share increase 1.1 per cent to 115.6p, ahead of analysts’ forecasts. However, [...]
Nearly half of co-founders forced to buy business partners out May 8, 2019 Nearly half of company co-founders have been forced to buy their business partner out, with most leaders citing disagreements and power struggles as the reason for the split. New research shows that 43 per cent of business owners were required to buy their co-founders share, with a “difference in opinions for the company’s direction” the most common [...]
Challenger bank Monzo teams up with challenger energy suppliers in bid to steal customers from Big Six May 8, 2019 Monzo customers will be able to use their apps to get a better deal on their electricity and gas, the company announced today. The challenger bank has teamed up with challenger energy suppliers Ovo and Octopus in a bid to lure more customers away from standard tariffs and the Big Six suppliers. Read more: Supercharged: Moneysupermarket booms [...]
Britain goes a week without burning coal smashing previous record May 8, 2019 British power plants have gone a whole week without burning a lump of coal, it was confirmed this afternoon, nearly doubling the previous record set earlier this year. As of 1.30pm, the country’s electricity networks were coal-free for 168 hours – a whole week. Read more: Britain must cut emissions to zero by mid-century, government [...]
Hackers steal $41m in bitcoins from crypto exchange Binance May 8, 2019 Hackers have stolen bitcoins worth roughly $41m (£31m) from cryptocurrency exchange site Binance, the company said today. Read more: Bitcoin price gains continue as it jumps to six-month high Binance said hackers had withdrawn 7,000 bitcoins in a single transaction after using techniques including phishing and viruses as part of a coordinated large-scale security breach. [...]
Glass half empty? Wetherspoon shares fall as sales slow and net debt creeps up May 8, 2019 Wetherspoon insisted it is on track to hit full-year targets today despite net debt creeping up and sales growth slowing after a wage hike hurting profits in the first half of its financial year. Read more: Wetherspoons profits slide as cost increases kick in The pub chain did not mention profits in today’s trading update, [...]
Glass half empty? Wetherspoon shares fall as sales slow and net debt creeps up May 8, 2019 Wetherspoon insisted it is on track to hit full-year targets today despite net debt creeping up and sales growth slowing after a wage hike hurting profits in the first half of its financial year. Read more: Wetherspoons profits slide as cost increases kick in The pub chain did not mention profits in today’s trading update, [...]