News: Money

De La Rue drops passport contract appeal

Thursday  16:17,   19 april 2018
Press Association

De La Rue also said its full-year earnings would be hit by a write-off of about £4 million related to the bid costs.De La Rue, the current passport provider, said that it had “considered all the options”, but would not challenge the move, which will [...]

Netflix hits 125 million subscribers worldwide

Thursday  16:11,   19 april 2018
CNET

Traditional Hollywood may be annoyed with Netflix, but the rest of the world keeps signing up. The company reports better-than-expected member additions.Netflix's march to worldwide domination is tramping[...]

U.K. Wages Rise Most Since 2015 as End to Squeeze Nears

Thursday  16:11,   19 april 2018
Bloomberg

U.K. wages are rising at their fastest pace in almost three years, raising the prospect of an end to the squeeze on living standards. Annual pay growth excluding bonuses accelerated to 2.8 percent in the three months through February, the Office for [...]

Aston Martin picks seven banks for £4bn float

Thursday  16:10,   19 april 2018
Sky News

The British luxury car-maker Aston Martin has signed up seven banks to prepare a £4bn stock market flotation that would rank among the City's most anticipated share sales for years. Sky News has learnt that the company's shareholders have[...]

Pound surges to highest level since Brexit vote

Thursday  16:10,   19 april 2018
Sky News

The pound has climbed to its highest level against the dollar since the Brexit vote. Sterling rose to $1.438 in early morning trading, surpassing a previous peak seen in January.It later slipped back slightly, to around $1.431, despite official[...]

Primark hails 'remarkable' UK performance

Thursday  16:10,   19 april 2018
Sky News

The owner of fashion retailer Primark hailed a "remarkable" UK performance as it delivered a half-year profit boost despite tough conditions for the high street. Shares in parent company Associated British Foods (ABF) rose 3% after it saw [...]

Why 25% of English farms could go bankrupt after Brexit

Thursday  16:09,   19 april 2018
Business Insider

Academics say government plans to replace farm subsidies after Brexit could mean that up to 25% of England's least profitable farms could go bankrupt. LONDON — Theresa May's plans to replace farm subsidies after Brexit could mean that[...]

Would you pay $18.75 for ad-free Facebook?

Thursday  15:46,   19 april 2018
The Washington Post

That's the average ad revenue generated by a Facebook user in 2017.An audience member wore a blue and green pointy wig, aiming to look like a Russian troll, during Facebook CEO Mark Zuckerberg 's testimony before a joint hearing of the Commerce[...]

Wetherspoon shuts down social media accounts

Thursday  15:46,   19 april 2018
Sky News

Pub chain JD Wetherspoon says it is closing down all its social media accounts following the "trolling" of MPs and ethnic minorities. The Twitter, Instagram and Facebook accounts for all 900 pubs and head office are shutting down with[...]

Victims of the middle-class child benefit crackdown: One family's been billed £3,000 because of a company car - another £500 after getting a pay rise

Thursday  15:46,   19 april 2018
Daily Mail

We can reveal that tens of thousands of middle-class families are having their finances scrutinised by the taxman to find if they have wrongly collected child benefit. Some are then being hit with backdated bills for years of missed payments and[...]

What Mark Zuckerberg really earns

Thursday  15:46,   19 april 2018
Reuters

Mark Zuckerberg is worth billions, but Facebook's revealed he's technically paid much, much less.Mark Zuckerberg, CEO and co-founder of Facebook, had a compensation package of US$8.9 million (£6.2m) in 2017, up 54 percent from the year prior [...]

Why do 99% of cybercrime fraudsters escape justice in the UK?

Thursday  15:45,   19 april 2018
International Business Times

A shocking report this month revealed that 99% of all cybercriminals escaped justice in the UK. This is a staggering figure and paints a gloomy picture for those victims falling foul of online scams.The country's top anti-fraud cop, City of London[...]

Ethics 'must be at centre' of AI technology

Thursday  15:45,   19 april 2018
Sky News

The UK's first public inquiry into the development and use of artificial intelligence (AI) has said the law governing its effects "is not currently clear".The House of Lords Select Committee on Artificial Intelligence has asked the Law [...]

Jaguar Land Rover confirms plans to cut 1,000 UK jobs

Thursday  15:45,   19 april 2018
Sky News

Jaguar Land Rover has confirmed plans to shed 1,000 jobs as it cuts production at two sites. Britain's biggest carmaker said it had been informing employees about the decision on Monday - after reports had emerged last week.A spokesman confirmed[...]

WPP CEO Martin Sorrell resigns in the wake of misconduct allegations

Sunday  23:57,   15 april 2018
Business Insider

Oli Scarff/Getty Images WPP CEO Martin Sorrell resigned from the advertising company on Saturday. The move follows an investigation into allegations of improper behavior and misuse of assets. Sorrell has denied the allegations.He said in a letter to [...]