A growing thirst for gin among UK consumers boosted annual sales at the drinks firm Diageo, which benefited from the launch of a pink version of the spirit. The international drinks group said total UK sales rose 8% in the year to the end of June, thanks to a double-digit rise in sales of Tanqueray […]
Sky has reported a rise in annual revenues, profits and customer numbers, and sought to underline its growth prospects as a £26bn bidding war between two American suitors approaches its conclusion. The home and mobile entertainment and communications company, which owns Sky News, said that statutory operating profit in the year to June rose by […]
More than $118bn (£90bn) has been wiped off Facebook’s market value, including a $16bn hit to the fortune of its founder, Mark Zuckerberg, after the company told investors that user growth had slowed in the wake of the . Facebook’s shares plunged by 19.5% on Thursday when the stock market opened in New York, a […]
When you’re immersed in the toxic sideshow that is the ongoing debate between Tesla’s bears and bulls, it’s common to feel like whatever’s happening with the automaker—production problems, the CEO baselessly calling someone a pedophile—can’t get any stupider. But we may have just hit the apex of stupid. This week, CEO Elon Musk took time […]
So much for Facebook making inroads into China. Mere hours after regulators gave Facebook permission to open a startup incubator in the province of Zhejiang, the approval has disappeared — and a New York Times source claims officials have formally withdrawn that approval. Reportedly, the country’s Cyberspace Administration was “angry” that Zhejiang officials hadn’t consulted […]
Tributes have flooded in from the world of motorsport, the automotive industry and beyond, following the passing of former Ferrari boss Sergio Marchionne. A colourful and charismatic fellow, Marchionne was one of the most respected chiefs in the auto industry, having turned around Fiat’s waning automotive fortunes. The Italian will be remembered as a great […]
