Figures used by the Bank of England to track Britain’s five million freelancers show that average incomes dropped by more than 30pc in the first half of the year, revealing for the first time the full extent of the devastating impact of the pandemic on the self-employed. A report from […]
fall
Google ‘should be liable’ if savers fall for scam investment ads, watchdog says
Search engines and social media sites should bear “clear legal liability” for financial advertisements on their platforms, the City watchdog has said. The Financial Conduct Authority issued a fresh warning to the likes of Google, which has been repeatedly criticised for allowing high-risk investments to be marketed to users searching for […]
Neiman Marcus replaces Fall Book with digital content campaign
Dive Brief: Neiman Marcus launched a fall campaign, Neiman’s State of Mind, a digital hub which features curated collections and editorial content, as well as access to industry experts and designers, according to a Thursday press release. The campaign is a replacement for the retailer’s Fall Book. Through the campaign, […]
One in 10 will face negative equity if house prices fall as expected
More than one in ten mortgage borrowers will fall into negative equity in the event of a house price crash – and young families are most at risk, an influential think tank has said. The Resolution Foundation said 11pc of homeowners would see their property value fall to be worth less than […]
The secret behind the knockout success of Tonic Games’ Fall Guys
Tonic was shaped through the rise of mobile phones and the iPhone in 2007, and forced into survival mode in the mid 2010s as big studios shut down dozens of titles amid restructurings. In 2016, the company had four major projects cancelled in one year. “Instead of letting people go, […]
More pain for savers as rates fall to record lows
Savers have a fight on their hands to make any return on their money as average interest rates fall to their lowest levels on record. Rates have plummeted across all types of savings products since the Bank of England slashed the base rate from 0.75pc to 0.1pc in March. High-street lenders have been […]
McDonald’s Steve Easterbrook left to rue fall from grace
In 2006, with McDonald’s facing a growing chorus of criticism about the evils of fast food, one of the company’s rising stars, an executive named Steve Easterbrook, urged people not to “equate [the company] with society’s ills”. “We don’t claim to be perfect,” the Watford-born executive wrote, in an editorial for the Guardian. […]
Big Tech’s online empires will one day fall
In the 1950s, IBM was accused of holding a monopoly over punch-card processing machines, resulting in an agreement with the US government that opened up the market in 1956. In the next decade, computing had moved on to mainframes, and the company’s 70pc share of the market led to a […]
Property market’s first annual price fall in eight years as coronavirus bites
Coronavirus and lockdown meant house prices in June fell year-on-year for the first time since December 2012, new data show. House prices were 0.1pc lower in June compared to the same month in 2019. The average house price last month was £216,403. On a monthly basis, values fell by 1.4pc from […]
Pigeon to sell baby goods direct to China as tourist sales fall
TOKYO — Japanese baby product maker Pigeon will launch a direct-to-consumer scheme in China to gain back an important segment it lost because of coronavirus travel restrictions. Chinese tourists who once drove the company’s sales have been stuck at home as the pandemic has closed borders across the world. The […]