Nathan Bissitt, Author at Business Ideas UK

Articles

Facebook ad revenue tops $10bn

ByNathan BissittNovember 1, 2017

Facebook profits soared in the third quarter as it brought in more than $10bn from advertising.The firm said profits were $4.7bn (£3.5bn) in the three months to the end of September, up 80% year-on-year. Chief executive Mark Zuckerberg told investors the firm’s

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UK bank accused of 'criminal complicity' in South Africa scandal

ByNathan BissittNovember 1, 2017

Lord Peter Hain has said a UK bank should be investigated for “possible criminal complicity” in connection with corruption allegations in South Africa.Lord Hain told the House of Lords he had sent print-outs of transactions and named the bank concerned in

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Facebook ad revenues hit $10bn for first time

ByNathan BissittNovember 1, 2017

Facebook’s shares have jumped in after-hours trading after it reported a 49% jump in quarterly advertising revenue to levels above $10bn (£7.55bn) for the first time. The US-listed social network’s results for the three months to September smashed market

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Govt loses vote on Brexit impact papers

ByNathan BissittNovember 1, 2017

The Government has lost an opposition vote calling on it to publish impact assessments of Brexit on over 50 key industries. There was no official division – as only Labour MPs backed it and no Tory MPs objected. Speaker John Bercow said he “expects”

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Fed holds interest rates steady for now

ByNathan BissittNovember 1, 2017

The Federal Reserve has said US economic activity remains “solid” despite recent hurricanes and voted to hold interest rates steady for now.The outcome of the US central bank’s meeting in Washington was widely expected.The Fed has raised benchmark

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Why Finnair wants to put passengers on the weighing scales

ByNathan BissittNovember 1, 2017

For the past two days, passengers passing through Helsinki airport may have wondered whether their airline is suffering from weight issues. At check-in, Finnair staff have been asking them to please step briefly on to a set of weighing scales.But this isn’t a

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Bitcoin tops £5,000 in value

ByNathan BissittNovember 1, 2017

The price of Bitcoin has surpassed £5,000 per coin – a new record.While it is a historic moment of sorts, Bitcoin is usually compared to the dollar.The virtual currency peaked at $6,649.33 (£5,015) at about 16:34 GMT on Wednesday, according to Bloomberg.The

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Estee Lauder shares hit record high on millennial boost

ByNathan BissittNovember 1, 2017

Make-up firm Estee Lauder has reported a sharp rise in sales, helped by its recent purchase of brands favoured by selfie-loving younger customers.The world’s second-largest cosmetics company also pointed to growing demand in China, Hong Kong and online.It said

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Retail shares drag down FTSE 100

ByNathan BissittNovember 1, 2017

Shares in Next fell 9.1% in Wednesday trade after the fashion retailer issued a cautious trading update.Next said third-quarter trading had been “extremely volatile”, adding that this volatility made it hard to determine any underlying sales trend.Online

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Who will win and lose if interest rate rises?

ByNathan BissittNovember 1, 2017

It is hard to think of another Bank of England decision that is simultaneously as momentous and as inconsequential as this one. The mere fact that the Bank’s Monetary Policy Committee is widely expected to raise interest rates this month is a landmark moment all