What's behind Wetherspoons boss Tim Martin pulling the pub giant off social media?

It's a rich irony given that the way Mr Martin expresses his views could easily be said to encourage the very sort of troll he takes aim at
Wetherspoons arch Brexiteer boss Tim Martin has created quite the social media storm with the news that he is pulling the company and its 900 pubs off social media.
Before you start cheering, it’s worth taking a moment to appreciate the irony that positively drips from the company’s statement explaining the rationale for the decision.
“It’s becoming increasingly obvious that people spend too much time on Twitter, Instagram and Facebook, and struggle to control the compulsion,” Mr Martin opined, stating that he doesn’t believe abandoning a promotional tool most businesses have leapt upon will affect his trade.
Read more Why Wetherspoons really shut down its social media accounts JD Wetherspoon to close social media accounts over online abuse JD Wetherspoon posts rise in profits but warns of tough year ahead The statement also cited “rec..

ECB asks Deutsche Bank to work out costs of winding down its investment bank

Germany’s largest lender has been looking into the potential impact of an exit from investment banking for some time
The European Central Bank has asked Deutsche Bank to work out how much it would cost to wind down its investment banking operations.
Germany’s largest lender has been looking into the potential impact of an exit from investment banking for some time. Now officials from the ECB’s supervisory division have said they must be presented with forecasts of how the plan would affect other parts of Deutsche Bank, Reuters reported on Sunday.
Deutsche is understood to be the first bank to be asked by the ECB to undertake the task, which is expected to take months to complete.
Read more Deutsche Bank sacks chief executive John Cryan after years of losses The news comes after Deutsche Bank signalled a change in direction by naming Christian Sewing, previously head of the retail banking division, as the replacement for John Cryan as chief executive.
Mr Cryan was sacked after t..

Chinese Social Media Site Reverses Gay Content Ban After Uproar

Chinese Social Media Site Reverses Gay Content Ban After Uproar Photo A conference booth last year for Sina Weibo, which had said Friday that it would reduce gay content as part of a campaign to remove pornographic and violent material from its site. Credit Jason Lee/Reuters BEIJING — Bowing to intense pressure from millions of internet users, a Chinese social media site said on Monday that it would scrap plans to censor cartoons and video games with gay themes.
The site, Sina Weibo, had announced on Friday that it would target gay content as part of a campaign to remove pornographic and violent material from its site.
But its efforts were almost immediately criticized as discriminatory and repressive, spawning an outpouring of #Iamgay hashtags and slogans like “gays aren’t scary.”
On Monday, Weibo said in a post that it would scale back its “cleanup” effort and focus on “pornographic, violent and bloody content” instead of gay material. In a nod to the intense backlash, it thanked int..

Average UK house price hits £305,732 as London property market continues decline

The average UK house price rose to a record high of £305,732 this month, according to the latest figures from Rightmove, but London property values continued to fall.
The average asking price was up 0.4 per cent between March and April for the UK overall, which was a 1.6 per cent increase compared to this time last year.
Read more Average UK house price rose to a record high in first quarter of 2018 Brexit to end London house price boom The 10 UK areas where house prices rose the most in 2017 However, the actual selling price being achieved nationally is 96.7 per cent of the asking price, meaning an average difference of more than £10,000 based on the average price of £305,732.
Meanwhile, sellers in the capital are achieving on average just 95.6 per cent of the asking price, which translates to a difference of more than £27,000 on the new seller average asking price of £628,039 in London.
“Home buyers are seeing average asking prices at their highest ever level with upwards pr..

Beast from the East saw UK GDP growth slip to just 0.3% in first quarter, suggests research

Negative impact not as severe as it was after last heavy snowfalls in December 2010, economists estimate
Severe bad weather could have reduced UK GDP growth to 0.2 to 0.3 per cent in the first quarter of 2018, according to new research.
Economists at PwC estimated that underlying economic growth had remained steady at 0.4 per cent and that any economic impact from heavy snow and ice should be temporary.
PwC kept its growth forecast for 2018 unchanged at 1.5 per cent and it predicts the economy will bounce back in the second quarter.
Read more UK economy in grip of most feeble recovery on modern record, says IFS Construction output slipped by 1.6 per cent in February and was 3 per cent lower than in the same month a year ago, the Office for National Statistics reported last week. That downward trend is likely to continue into March, according to PwC’s model, which uses data from a number of frequently released indicators. Some parts of the service sector – which makes up the majo..