TikTok sees its earnings double in 2020

ByteDance, the Chinese company behind the smash-hit video app TikTok, saw its earnings double last year. An internal memo released to staff showed that the firm’s total revenue jumped by 111% to $34.3bn (£25.6bn) for 2020. The figures underscore TikTok’s continued global popularity. It comes as ByteDance and several other Chinese technology giants have come […]

TikTok sees its earnings double in 2020

ByteDance, the Chinese company behind the smash-hit video app TikTok, saw its earnings double last year. An internal memo released to staff showed that the firm’s total revenue jumped by 111% to $34.3bn (£25.6bn) for 2020. The figures underscore TikTok’s continued global popularity. It comes as ByteDance and several other Chinese technology giants have […]

JP Morgan buys Nutmeg to join Chase digital bank in Britain

JP Morgan has struck a deal worth about £700 million to buy Nutmeg, the digital wealth manager, as America’s biggest bank seeks to kickstart plans to build a consumer business in Britain. The surprise move by the Wall Street financial services group comes before the launch of its long-awaited online retail bank in the […]

JP Morgan buys Nutmeg to join Chase digital bank in Britain

JP Morgan has struck a deal worth about £700 million to buy Nutmeg, the digital wealth manager, as America’s biggest bank seeks to kickstart plans to build a consumer business in Britain. The surprise move by the Wall Street financial services group comes before the launch of its long-awaited online retail bank in the UK […]

Employers can put self-isolating staff on furlough

Employers can claim from the furlough scheme for staff who are self-isolating. The entitlement exists despite government guidance stating it is not what the scheme is intended for. The little-known entitlement was first reported by Politico magazine after emails from civil servants complaining about government guidance were leaked. One email from a civil servant […]

Employers can put self-isolating staff on furlough

Employers can claim from the furlough scheme for staff who are self-isolating. The entitlement exists despite government guidance stating it is not what the scheme is intended for. The little-known entitlement was first reported by Politico magazine after emails from civil servants complaining about government guidance were leaked. One email from a civil servant said […]

The UK meat sector warns of Brexit production squeeze

The UK faces shortages of British-produced meat as problems with recruitment continue, the industry has warned. Brexit and coronavirus have meant many EU workers have returned to their own countries, putting a squeeze on production. The poultry industry is reporting a 10% fall in the number of birds being slaughtered for meat in recent […]

The UK meat sector warns of Brexit production squeeze

The UK faces shortages of British-produced meat as problems with recruitment continue, the industry has warned. Brexit and coronavirus have meant many EU workers have returned to their own countries, putting a squeeze on production. The poultry industry is reporting a 10% fall in the number of birds being slaughtered for meat in recent weeks. […]

British food and drink exports to EU fall by £2bn in first quarter of 2021

British food and drink exports to the EU fell by £2bn in the first three months of 2021, with sales of dairy products plummeting by 90%, according to an analysis of HMRC data. Brexit checks, stockpiling and Covid have been blamed for much of the downturn, but the sector has said the figures show […]

British food and drink exports to EU fall by £2bn in first quarter of 2021

British food and drink exports to the EU fell by £2bn in the first three months of 2021, with sales of dairy products plummeting by 90%, according to an analysis of HMRC data. Brexit checks, stockpiling and Covid have been blamed for much of the downturn, but the sector has said the figures show structural […]