Rob Davies
Rob Davies
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RECENT ARTICLES
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TikTok ponders HQ in London after Donald Trump’s hostility

TikTok ponders HQ in London after Donald Trump’s hostility

Video app’s owner ByteDance already has 800 of its European workforce in UK and Ireland Mon 3 Aug 2020 14.32 EDTThe Chinese firm behind the TikTok video app is weighing up plans to open a headquarters in London, with Boris Johnson reportedly prepared to risk Donald Trump’s anger by rolling out the red carpet for the company.The US president has been , amid widespread concern in the country about Chinese companies’ ties to the Communist party and the risk posed to customers’ personal information.As over Trump’s stance, TikTok’s parent company, ByteDance, is understood to have earmarked...

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Rob Davies
5d ago
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ONS says UK rail has effectively been renationalised during pandemic

ONS says UK rail has effectively been renationalised during pandemic

Train companies have been effectively renationalised on a temporary basis, the UK statistics body said on Friday, prompting a dispute between trade unions and private operators over rail ownership.The coronavirus pandemic and lockdown forced the government to take emergency steps to prop up train companies by assuming the , after passenger numbers dwindled almost to nothing.The Office for National Statistics has now written to the Treasury and the Scottish government to inform them of to reclassify train companies as public non-financial corporations in the light of the measures.The change,...

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Rob Davies
Jul 31
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StubHub to close offices in the Asia Pacific and Latin America

StubHub to close offices in the Asia Pacific and Latin America

Fewer than 100 of StubHub’s 650 staff are understood to be facing redundancy Thu 30 Jul 2020 01.00 EDTTicket resale company StubHub is to close or shrink offices around the world as it reels from the pandemic, which has shut down concert venues and theatres and forced to be held behind closed doors.In an email seen by the Guardian, addressed to staff known as “Stubbers”, the world’s largest ticketing company said it would be shutting its offices in the Asia Pacific and Latin America regions.“This decision has not been made lightly, nor easily, and unfortunately it means that we have to bid...

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Rob Davies
Jul 30
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Robinhood cancels UK launch of its investment app

Robinhood cancels UK launch of its investment app

Controversial investment app Robinhood has delayed its UK launch indefinitely as it wrestles with pressure from US politicians after .Robinhood claims to be “democratising finance” for millions of new traders by making it possible to buy and sell financial products without paying a commission or depositing a minimum sum.But it has after Alex Kearns, a 20-year-old student, killed himself last month, apparently in the mistaken belief that he had lost $730,000 (£575,000) by using the app.As of last week, the app had a waiting list of more than 250,000 people in the UK ahead of a launch planned...

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Rob Davies
Jul 21
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UK tobacco sales fell faster after plain packaging rules came into force

UK tobacco sales fell faster after plain packaging rules came into force

Cigarette sales have decreased by about 20m a month after and tougher taxes were introduced three years ago, researchers have found.Prof Anna Gilmore, director of the Tobacco Control Research Group (TCRG), said: “The underlying rate of decline in tobacco sales almost doubled after these policies were implemented.”The number of cigarettes sold in the UK was falling by about 12m a month before the measures were introduced in May 2017, according to the TCRG, which is based at the University of Bath.After the , sales began dropping off much more steeply. Monthly sales were almost 3.29bn...

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Rob Davies
Jul 13
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UK could class loot boxes as gambling to protect children

UK could class loot boxes as gambling to protect children

Loot boxes – a – could be reclassified as gambling products over concern they are training children to gamble.The Department for Digital, Culture, Media and Sport will this week launch a call for evidence on the increasingly common feature of games such as the football franchise Fifa.The move has been spurred by mounting concern that the mechanics of loot boxes are among children, potentially leading them into addiction in later life.Loot boxes allow players to spend money on in-game rewards such as special characters or equipment, without knowing what they will get.Their value to the video...

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Rob Davies
Jun 7
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Ryanair boss says airline won't fly with 'idiotic' social distancing rules

Ryanair boss says airline won't fly with 'idiotic' social distancing rules

planes won’t return to the skies if the airline is forced to leave the middle seat empty to comply with “idiotic” in-flight social distancing rules, its chief executive, Michael O’Leary, has said.The boss of the no-frills carrier, which has thrived by packing its flights as full as possible with passengers lured by low prices, has previously said that blocking out the space in between aisle seats is “nonsense” that would have no beneficial effect.He doubled down on the comments on Wednesday, saying that if governments insisted on social distancing measures, then Ryanair’s business model...

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Rob Davies
Apr 22
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CEOs taking Covid-19 pay cuts 'should not be rewarded with shares'

CEOs taking Covid-19 pay cuts 'should not be rewarded with shares'

Companies whose bosses take pay cuts during the Covid-19 crisis should be wary of handing them lucrative share awards at the same time, investment advisers have warned.Amid pressure from investment firms such as Schroders, which of coronavirus, a flurry of executives have accepted wage reductions, made charity donations or waived bonuses.But some firms, including those receiving state support to pay “furloughed” staff, have gone ahead with controversial long-term incentive plans (LTIPs) that hand directors sizeable stock awards if they hit targets.On Thursday, insurer announced executive...

theguardian.com
Rob Davies
Apr 11
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