Business

Kylie Jenner 'sooo over' Snapchat – and Wall Avenue panics

Kylie Jenner 'sooo over' Snapchat – and Wall Street panics Actuality TV star Kylie Jenner wiped $1.3bn (£1bn) off the inventory market worth of Snapchat after tweeting that she not used its messaging app. Movie star Kim Kardashian’s half-sister posted: “sooo does anybody else not open Snapchat anymore? Or is it simply me… ugh that is so unhappy.” Snapchat’s share value sank after Ms Jenner’s tweet about its re-design to

Productiveness progress strongest since monetary disaster

Productivity growth strongest since financial crisis The UK has seen the strongest two quarters of productiveness progress because the recession of 2008, based on the most recent information. Output per hour rose zero.eight% within the three months to December, the Office for National Statistics said. It follows progress of zero.9% within the earlier interval. There was additionally a greater than anticipated rise in wages. Excluding bonuses, earnings rose by 2.5%

Prime Metropolis regulator used tax break scheme

Top City regulator used tax break scheme The incoming head of the monetary business regulator needed to repay tax after utilizing an unapproved tax break scheme. Charles Randell, who turns into chair of the Monetary Conduct Authority in April, advised MPs he had made an “error of judgement” by placing cash into Ingenious Movie Companions 2. The scheme makes use of tax breaks out there to advertise movie productions. Mr

Hen chaos as KFC closes retailers

Chicken chaos as KFC closes outlets Media playback is unsupported in your machine KFC has closed greater than half of its 900 UK retailers after supply issues meant they ran out of hen. Final week, the fried hen chain switched its supply contract to DHL, which blamed “operational points” for the provision disruption. It was unclear when the supply issues can be rectified, a KFC spokesperson mentioned. Staff are being

Central financial institution chief detained after raid

Central bank chief detained after raid The pinnacle of Latvia’s central financial institution, Ilmars Rimsevics, has been detained by the nation’s anti-corruption company. His house and workplaces on the Financial institution of Latvia had been each raided by officers. The nation’s Corruption Prevention Bureau gave no particulars about its investigation, or the character of the raids. Latvia’s Prime Minister, Maris Kucinskis, has known as an emergency cupboard assembly on Monday

£10,000 proposed for everybody beneath 55

£10,000 proposed for everyone under 55 The federal government ought to give £10,000 to each citizen beneath 55, a report suggests. The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) said it might pave the best way to everybody getting a primary state wage. The concept sees two funds of £5,000 paid over two years, however sure state advantages and tax reliefs can be eliminated on

Uber to report crimes direct to police to spice up security

Uber to report crimes direct to police to boost safety Uber is to report crimes on to the police and can arrange a cellphone line as a part of measures to enhance security. Final 12 months, a Metropolitan Police officer mentioned in a letter that passengers have been being put in danger due to delays within the reporting of sexual assaults. The corporate mentioned it was altering its coverage “after

Commonplace Life Aberdeen sees £100bn contract axed

Standard Life Aberdeen sees £100bn contract axed Lloyds Banking Group and Scottish Widows have ended a £100bn asset administration contract with recently-merged Commonplace Life Aberdeen. They stated final yr’s merger between Commonplace Life and Aberdeen Asset Administration created competitors points. Keith Skeoch and Martin Gilbert, chief executives of Commonplace Life Aberdeen (SLA), stated they had been “upset”. However SLA stated, regardless of the scale of the contract, it represented lower

Carillion: Canadian agency BGIS seeks amenities contracts

Carillion: Canadian firm BGIS seeks facilities contracts Canadian agency BGIS is in talks to tackle former Carillion amenities administration contracts. BGIS mentioned that greater than 2,500 Carillion employees might be transferred to its group as a part of the deal. It needs to tackle hospital, schooling, justice, transport and emergency providers contracts from the collapsed outsourcing big. The BBC understands the talks are at a complicated stage, however it’s unclear

Sky and BT win Premier League TV rights

Sky and BT win Premier League TV rights Sky and BT Sport have agreed to pay £four.464bn to broadcast Premier League soccer video games for 3 seasons from 2019-20. 5 of seven reside packages have been awarded, with bidding for the remaining two ongoing. Curiosity from “a number of bidders” stays, the Premier League mentioned. There was hypothesis that on-line giants resembling Amazon, Fb, Twitter or Netflix may have entered