Linstock’s Friday Takeaway – 29 July 2016

“Director Keith Brookbank, featured in Argent, The Financial Services Forum journal, discussing how Financial Services organisations can use thought leadership to distinguish their brands”

In the News

Good Week: Hillary Clinton
Hillary Clinton accepted the Democratic nomination for the US Presidential election, marking a historical moment in American politics as she is the first woman to be nominated by a major party. In his speech at the Democratic convention, President Obama made the case for voters to have faith in Clinton’s abilities, alluding to American values of freedom and equality, justice and opportunity. According to some commentators, the speech is likely to have a positive and significant impact on support for Clinton, particularly among younger voters.

Bad Week: Online learning
A new report by the Organisation for Economic Co-operation and Development (OECD) reveals that there are strong social divisions in how young people use and access digital technology. According to the think tank, online activity is directly linked to socio-economic status. Wealthier students are more likely to use the internet for homework, while poorer students are more likely to use it for games or chatting online. The data, which was gathered as part of the Programme for International Student Assessment (PISA), is drawn from more than 40 countries predominately in Europe, Asia and South America.

Good Week: Facebook
Facebook reported a rise in revenues, higher than initially predicted by Wall Street analysts. Total revenue rose 59.2% to $6.44bn, compared with estimates of $6.02bn. The social network, created by Mark Zuckerberg, has become particularly popular with advertisers who are moving money away from TV to the internet and mobile platforms. In a comment to investors, Zuckerberg highlighted some of Facebook’s milestones including the successful test flight of Aquila, a solar-powered drone designed to deliver broadband internet access to billions of people across the world. Zuckerberg also stated that the platform’s full potential is yet to be unlocked – a statement that rivals such as Twitter, whose revenues fell short of estimates, may well be worried about.

Bad Week: BBC
The BBC has been heavily criticised by Kathryn Albany-Ward, founder of campaign group Colour Blind Awareness, for failing to meet best practice standards and not considering the needs of the two million colour blind people across the UK. Albany-Ward’s concerns came following the BBC’s election coverage which she has described as a fiasco. She argues that the broadcaster’s programmes and online information are inaccessible for colour blind people. In response to the complaint, a BBC spokesperson has asserted that “the BBC leads the industry in making accessible programmes and we strive to produce graphics that are clear and informative for all viewers.”

Linstock News
Director Keith Brookbank featured in Argent, The Financial Services Forum journal, this month talking about how Financial Services organisations can use thought leadership to distinguish their brands.

Client News
Willis Owen’s Jason Chapman appeared in Money Observer discussing the most popular buy and sell funds for savers and investors. According to Chapman, there has been a clear division in sentiment between savers and investors following the EU referendum.

Coming Up
We’ll be keeping an eye out on next week’s communications around the Olympic Games and the reputational issues that have arisen around athlete conduct.