Spotify sees big Wall Street debut amid tech sector turmoil

Streaming service handily beats Wall Street reference price
Swedish streaming giant Spotify debuted on Wall Street with a bang, offering a bright spot amid dark times for technology stocks.
The company’s shares surged more than 25 per cent above the Wall Street Stock Exchange’s reference price of $132 (£94) to $165.90 (£118) a share. That translated into a $29.5bn (£21bn) valuation for a company now trading under the ticker symbol SPOT.
Rather than opting for an initial public offering, Spotify engaged in what’s known as a direct offering, which is not underwritten by banks. Founder Daniel Ek noted in a blog post ahead of the offering that existing shareholders have already been able to buy and sell stocks.
Read more Spotify has done the right thing by cutting out Wall Street banks Spotify expects revenue to grow as it gears up for public listing Spotify releases feature that could change how you listen to music “Normally, companies ring bells”, Mr Ek said. “Normally, companies ..

Gender pay gap deadline: Companies must report figures by tomorrow or face 'unlimited fines'

Many firms have already revealed startling differences between what they pay men and women, while around a fifth have yet to report with one day to go
The true scale of the gender pay gap at the UK’s largest companies will be revealed this week as the deadline for reporting arrives at midnight on Wednesday.
Any firms with over 250 employees who do not comply by midnight tomorrow face stiff penalties. The Equality and Human Rights Commission says it will initially contact employers informally at first if they have not published by the deadline, but businesses could ultimately face “unlimited fines and convictions”.
Many firms have already revealed startling differences between what they pay men and women; far higher than the UK average of 18.4 per cent, which is equivalent to women earning 81.6p for every £1 paid to a man.
Read more Ryanair reveals 67% gender pay gap Ryanair revealed a 67 per cent gender pay gap on Tuesday, a figure it said was due to the fact that a large majori..

RAC forced to apologise to customers after breaking financial watchdog's insurance rules

The regulator brought in new rules around renewal premiums last April, and reminded insurers of them in October
The financial watchdog has forced the RAC to contact its customers after finding it failed to provide proper information about insurance renewals.
The Financial Conduct Authority (FCA) brought in rules last year which require companies to clearly show the insurance premium a customer paid last year alongside their proposed renewal premium, and to show a prominent, clear and straightforward message to encourage customers to shop around.
Read more Car insurance premiums rise in last quarter of 2017 On Tuesday the regulator said the RAC was “failing to display the prior and current year premiums, and shopping around message as key information in its breakdown policy renewal documentation”.
“It is simply unacceptable to see that some firms are still not being properly transparent with their customers a year on from the introduction of the rules. Firms failing to get this ..

Tech Tip: Cleaning Out Addresses in Mail App

Cleaning Out Addresses in Mail App Q. When I write emails to colleagues and friends after typing the first several letters of the email address on my Mac using the Mail app, the program automatically fills in the balance of the address. I have 20 years of history of email, and often the address used is no longer the correct one. How do you get rid of old addresses?
A. When some of the email addresses in the Mail program’s memory become obsolete, you can prune the outdated entries or update them on the spot. In the Mail app, go to the Window menu and choose Previous Recipients. The Previous Recipients box opens with a list of addresses you have used for earlier messages.
To delete an old address, select it and click the Remove From List button in the bottom-left corner of the box. To select multiple names for removal at once, hold down the Mac’s Command key and click through the list.
Photo The Previous Recipients box in the Mac's Mail program gives you the chance to delete outda..

Battle over De La Rue's blue passport printing descends into farce

The printer is reportedly appealing the decision to award the contract to print post Brexit passports to a Franco-Dutch firm, prolonging minsters' agony
Feeling blue at the end of the Easter break? Fear not! If you’re the sort of person who laughs at absurdity there’s truckload full of it to start the working week courtesy of passport printer De La Rue.
The company that likes to boast of how it prints documents for the world, is, we are told, going to appeal against the world coming in to print documents for Britain.
De La Rue is hoping to capitalise on the firestorm it ignited over the half billion pound contract to print the post-Brexit blue passport being awarded (hee hee) to French-Dutch firm Gemalto on account of it offering a the best deal for the taxpayer.
Read more British passport contract decision postponed after De La Rue appeal De La Rue will appeal decision to give blue passport contract De La Rue shares drop as contract for blue passport heads overseas With ..

The changing face of the CEO: Why executives must engage with their public when a crisis occurs

For the first time in history, chief executives have the opportunity to connect in a meaningful way with their customers and clients
There was a time when a chief executive just had to run the business. In 1955, Fortune described the “successful American executive” as someone who spent almost no time on politics, drank moderately, and only attended cultural events “because they must”. These chief execs weren’t household names or familiar faces. They could hide away in their office. They could take the train home without being recognised. And if they wanted to, they could segment their audiences, “optimising” what they said for each group, from the public to the staff to the regulator. If they weren’t consistent, no one would know. No one would remember. And no one would be able to do much with the information anyway.
Fast forward to today. It’s been fifteen years since Michael Bloomberg became mayor of New York and proved you could be both a corporate leader and a politician. Donald ..