'It's clear that the hidden hand of government is stopping the employers from making deals with us,' says Mick Cash, RMT general secretary
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Social network beat expectations with revenue growth
Twitter grew revenues and daily user numbers in the first quarter of 2018, the social media firm said on Wednesday.
The group reported revenue was up 21 per cent compared to the first three months of 2017, to $665m (£477m), with advertising revenue also rising by 21 per cent to $575m.
US revenue grew by 2 per cent to $347m, while international revenue rose 53 per cent to $318m.
The group swung to a net profit of $61m, or 8 cents per share, in the first quarter, from a loss of $61.6m, or 9 cents per share, a year earlier
Daily active user numbers increased by 10 per cent compared to the first quarter of last year, and were up 12 per cent against the previous quarter.
Shares in the group jumped 12 per cent in pre-market trading as the..
US Media giant Comcast has made a £22bn bid for Sky that threatens to scupper a rival offer from Rupert Murdoch's 21st Century Fox.
The £12.50 per share offer sent Sky's stock up 3 per cent on Wednesday.
Comcast owns NBC and Universal Pictures among a host of other businesses.
Read more Sky: Now Fox offers 'legal separation' of Sky News In December 2016, Fox agreed to buy the 61 per cent of Sky that it does not already own but that takeover has been held up by a slew of regulatory concerns.
“We are delighted to be formalising our offer for Sky today,” Comcast chief executive Brian Roberts said.
“We have long believed Sky is an outstanding company and a great fit with Comcast. Sky has a strong business, excellent customer loyalty, and a valued brand. It is led by a terrific management team who we look forward to working with to build and grow this business.”
Comcast, which also owns DreamWorks Animation and channels such as MSNBC, CNBC and The Weather Channe..
IT chaos enters sixth day with customers still not able to log in to view and others saying details have disappeared
TSB customers were still locked out of their online accounts on Wednesday, despite the bank’s chief executive claiming systems were “up an running”, as IT chaos entered its sixth day.
Customers who logged into TSB’s app or online banking were faced with a screen stating that the bank was limiting the number of users accessing the service. Others were able to log in but, when they did, some or all of their account details had disappeared.
Customers have also reported that they could access other people’s accounts, including account numbers, sort codes and transaction histories.
Read more TSB apology after customers complain of online banking 'data breach' TSB could not say how many people were still locked out of the service or when the problems would be fully resolved.
The ongoing IT disaster began with botched upgrade work on Friday but has developed ..
Whitbread: Please make a fuss next time you opt for a break up like the one you're planning with Costa Coffee
We in the City could do with the work. Second and third homes don't pay for themselves you know!
Dear Alison Brittain, Adam Crozier and the other members of the Whitbread board,
First, congratulations on the decision to spin off Costa Coffee into a separate company, and on your latest results which no one will pay any attention to as a result.
We love the idea, because it will generate a lot of work for us and right now any work is welcome.
Read more Costa to be split from Premier Inn within two years, owner confirms Coffee cups: major chains fail to match Costa’s recycling targets Costa launches ‘chatter and natter’ tables to help combat loneliness As we’re sure you're only too well aware, the government has been seized by a bunch of lunatics and they seem hell bent on kicking us in the guts with the way they’re going about cutting the country off from Europe, the biggest market for its goods and services.
Or course, you have a supply chain to worry about, so you’..
Online retailer said customer numbers increased by 22 per cent over the year
Online fashion retailer Boohoo has reported surging full-year sales and profits as it reaps the rewards of successful acquisitions.
Shares jumped 16 per cent in early trading, after the group reported a 97 per cent increase in revenue to £579.8m in the year to February 28 as pre-tax profit rose 40 per cent to £43.3m.
Growth was helped by the recently acquired PrettyLittleThing, which clocked up a 228 per cent rise in sales to £181.3m.
Read more Boohoo launches capsule collection for men Joint bosses Mahmud Kamani and Carol Kane said the results had been achieved against the “backdrop of difficult trading in the UK clothing sector”.
They added: “The group made great progress during the year, integrating a new company, PrettyLittleThing, and a new brand, Nasty Gal, into the boohoo group.
“Revenue from boohoo continued to grow strongly, whilst there has been an exceptional performance from PrettyLittleTh..
Exclusive: rail boss claims 70 per cent of affected staff are ignoring strike calls
Following weeks of speculation, the group has confirmed it will demerge the coffee chain
The Costa coffee chain will be spun off from its owner, Whitbread, within the next two years, the group revealed on Wednesday.
Shares in Whitbread rose at the open after the company confirmed that it would demerge the high street cafe business and retain control of hotel chain Premier Inn, following weeks of speculation.
Read more Coffee cups: major chains fail to match Costa’s recycling targets Costa launches ‘chatter and natter’ tables to help combat loneliness Now activists want Costa cut free of Whitbread Earlier this month, it emerged that activist investor Elliott Advisors had built up a stake of more than 6 per cent of Whitbread, enabling it to apply more pressure on the group to split Costa off, on the basis that both Costa and Premier Inn would do better as more focused individual businesses.
In a statement to the London Stock Exchange, Whitbread said it is “confident” that Costa ..
Shares in the lender edged down Wednesday morning
Lloyds Banking Group has reported a 23 per cent increase in profits to £1.6bn in the first quarter of the year, weeks after announcing another round of branch closures and job cuts.
The lender posted a 4 per cent increase in net income for the three months to 31 March, from £4.18bn this time last year to £4.33bn, while earnings per share rose 36 per cent to 1.5p from 1.1p.
Read more Lloyds Banking Group to cut 305 jobs and close 49 branches across UK Lloyds rakes in billions, but how much is too much? Lloyds posts largest annual profit in over a decade “In the first three months of 2018 we have again delivered strong financial performance with increased profits and returns, a significantly reduced gap between underlying and statutory profit and a strong increase in capital. These results continue to demonstrate the strength of our business model,” said chief executive Antonio Horta-Osorio.
“The UK economy continues to be resilien..
Almost one in four SMEs has fallen victim to fraud
Fraud against small businesses has led to the loss of up to 50,000 UK jobs, according to research by Barclays.
A study carried out by YouGov on behalf of the bank found that 44 per cent of small to medium-sized enterprises (SMEs) had been targeted by fraudsters and almost one in four (23 per cent) had fallen victim to fraud.
Read more UK consumers at risk of fraud because British bank security 'lagging' The study showed 10.6 per cent of all SMEs surveyed had suffered a cyber-attack, with 8.58 per cent of those making staff redundant to cover the cost of cybercrime. Based on a total of 5.687m small businesses in the UK, that equates to 52,120 jobs lost.
The average cost of fraud to a business was £35,000, which means the total cost could be up to £40bn to date.
Ian Rand, chief executive of Barclays Business Banking, said: “Fraudsters are targeting hard-working entrepreneurs, in some cases impersonating suppliers and..