TikTok has grown into one of the world’s most popular social networks. But the Chinese-owned service is now at the centre of a struggle involving Beijing, Washington and London.
Tim Steiner, 50, took home £58.7m in 2019, one of six blue-chip chief executives to earn more than £10m. Most of it was a £54m bonus, from a five-year scheme linked to Ocado’s share price.
Middle-class millennials who have fled their flat-shares to return chez mum and dad in the shires are bleating in lifestyle articles that they don’t want to go back to Stoke Newington.
Pizza Express has said it could close around 67 of its UK restaurants, with up to 1,100 jobs at risk, as part of a major restructuring plan.
The CMA said the deal, which will see Amazon buy a 16 per cent stake in Deliveroo for around ££442million, ‘will not substantially lessen competition’ in the food delivery market.
The airline is expanding its schedule to 40% of normal capacity between July and September, compared with the 30% it predicted in June. Pictured is the easyJet CEO, Johan Lundgren.
BP investors will now receive just 5.25 US cents (4p) per share, compared with 10.25 cents (7.8p) last time around.
BP has slashed its dividend payout to 4p per share. This is the first time it has cut the payment since the Deepwater Horizon disaster, after the company’s profits were squeezed by a drop in the price of oil.
The tech giant confirmed it was in discussions with Bytedance, the popular Chinese video-sharing app’s parent company, after it emerged it could be banned in the US.
The lender, which makes most of its money in Asia, said pre-tax profits slid to just £824m in the three months to June 30, down from £4.7billion over the same period last year.