101153037 virginmediaswansea - 800 jobs cut as Virgin Media to shut Swansea call centre
Business

800 jobs cut as Virgin Media to shut Swansea call centre

Image copyright Google Image caption The Virgin Media base in Llansamlet, Swansea Nearly 800 jobs are set to be axed as Virgin Media closes its call centre in Swansea. The telecommunications firm plans to reduce its number of UK bases from eight to four, centralising operations in Manchester. A total of 772 jobs will go […]

101149963 elon musk1 - Elon Musk: No 'bonehead' analyst questions please
Business

Elon Musk: No 'bonehead' analyst questions please

Image copyright AFP Image caption Elon Musk said “boring” questions were “not cool” Technology entrepreneur Elon Musk made the unusual choice of vetoing “boring” questions during Tesla’s latest earnings call. Tesla posted a record quarterly loss of almost $710m (£523m) for the three months to March – more than double the same period last year. […]

101149745 restaurant.kitchens.g - Sluggish UK data lowers chances of rate rise
Business

Sluggish UK data lowers chances of rate rise

Image copyright Getty Images “Disappointing” data on the UK service sector has lowered the chances of an interest rate increase next week. The IHS Markit services purchasing managers’ index rose to 52.8 in April, but was not as strong as expected. Last month, official figures showed the UK economy grew 0.1% in the first quarter […]

99451148 d2381e86 6e41 4557 90eb 6cf113ef6de6 - Spotify earnings debut misses a beat
Business

Spotify earnings debut misses a beat

Image copyright Getty Images Image caption Co-founder Daniel Ek says competition from Apple and Amazon is having no “meaningful impact” on Spotify. Spotify shares dropped 9% after its first earnings report as a public company disappointed investors. The Swedish firm said losses narrowed to 41m euros (£36.1m; $49m) in the three months to the end […]

101147354 gettyimages 827420880 - Australia's Commonwealth Bank lost data of 20m accounts
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Australia's Commonwealth Bank lost data of 20m accounts

Image copyright Getty Images Australia’s Commonwealth Bank has admitted losing the bank records of almost 20 million people. Names, addresses, account numbers and statements were stored on two magnetic tapes which were meant to be destroyed by a subcontractor in 2016. But despite not receiving evidence the tapes had actually been destroyed, the bank did […]

101147364 xiaomi1 - Xiaomi launches $10bn Hong Kong stock market listing
Business

Xiaomi launches $10bn Hong Kong stock market listing

Image copyright Getty Images Chinese smartphone maker Xiaomi has filed to list on Hong Kong stock market, in a move that is expected to raise up to $10bn (£7.5bn). The stock market flotation will be the world’s biggest debut in 2018, and the largest since fellow China tech giant Alibaba’s raised $25bn in 2014. Xiaomi […]

101141874 terminal providedbycorgan - Heathrow airport: Rival expansion scheme revealed
Business

Heathrow airport: Rival expansion scheme revealed

Image copyright Arora Image caption A CGI impression of Arora’s plans for a new Heathrow terminal The company that wants the go-ahead to expand Heathrow airport has unveiled its proposals. Arora Group says its plans for a new terminal and runway would cost £14.4bn – less than half the estimated £31bn cost of the airport […]

101133706 tt - TalkTalk broadband worst for customer service, says Ofcom
Business

TalkTalk broadband worst for customer service, says Ofcom

Image caption TalkTalk scored poorly for reliability and complaints handling TalkTalk has come last for the second year running in a broadband service report released by regulator Ofcom. The company’s customers were the least likely to recommend their provider to friends. It scored poorly for reliability and complaints handling. A company spokesman said that while […]

97172832 gettyimages 476795104 - Tesla optimistic despite record loss
Business

Tesla optimistic despite record loss

Image copyright Getty Images Tesla said it will be profitable in the second half of the year if it can make 5,000 Model 3 cars every week. Reaching that goal is in doubt given the electric car maker produced just 2,270 in the last week of April. Tesla is striving to produce more cars as […]

100486815 gettyimages 79493977 - Cambridge Analytica shutting down
Business

Cambridge Analytica shutting down

Image copyright Getty Images Political consultancy Cambridge Analytica, the firm at the centre of the Facebook data-sharing scandal, is shutting down, it says. The firm was accused of improperly using data on behalf of political clients. The Facebook data of up to 87 million people was improperly shared with the political consultancy. The social network […]

101135656 mediaitem101135655 - BMW under fire over electrical fault
Business

BMW under fire over electrical fault

Image copyright Reuters The UK’s vehicle safety agency said BMW failed to tell it about an electrical fault in one of its cars that was involved in a fatal collision. On Christmas Day 2016, Narayan Gurung and his wife swerved their Ford Fiesta into a tree to avoid a BMW saloon. The BMW had suffered […]