Snapchat has added another seven million daily active users in the last three months, while losses narrowed, the photo sharing app has revealed in its latest results.

The platform's parent company Snap said it attracted 210 million daily active users in its latest quarter, up 13% year-over-year.

More snapchatters using the Discover tab and an increase in the number of Lenses created by people helped drive the the firm's results.

Revenue for Snap reached $446.2 million (£346 million) in the three months to the end of September, an increase on the $388 million (£300.9 million) from the previous quarter.

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The company continued to operate at a net loss but edged a step closer to profitability, with losses shrinking to $227.3 million (£176.5 million) this period, compared to $255.2 million (£198.1 million) the three months before.

Snapchat has recently added a number of new features as it takes on the likes of Instagram, including a 3D camera mode and a third generation of its camera-enabled Spectacles.

Chief executive Evan Spiegel said: "We delivered strong results this quarter, and we are pleased that the investments we have made are continuing to drive the growth of our community and our business.

"We are a high growth business, with strong operating leverage, a clear path to profitability, a distinct vision for the future, and the ability to invest over the long term.
"We are excited about executing on the many opportunities in front of us."

Boeing has replaced the head of its commercial airplanes division as it struggles with a crisis created by two deadly crashes of its newest airliner.

Boeing said on Tuesday that Kevin McAllister is out as chief executive of Boeing Commercial Airplanes.

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He is being replaced by Stanley Deal, leader of Boeing's services division.

The shake-up in Boeing's top ranks comes just days after the release of internal communications that showed a senior test pilot experienced serious problems while testing flight-control software for the 737 Max on a simulator.

That software, called MCAS, is at the centre of investigations into two crashes that killed 346 people and led to grounding of the Max.

Boeing is taking much longer than executives expected to change the software and get the plane flying again.

Boeing announced two other promotions, including a replacement for Mr Deal, who has led Boeing Global Services since the division was created in 2016.

Metro Bank has said founder and chairman Vernon Hill has stepped down with immediate effect.

The group said in July that Mr Hill would step down, but stay on as president and a non-executive director.

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He will now resign from his position as chairman and remain as a non-executive director until December 31, taking on the honorary position of emeritus chairman.

Sir Michael Snyder, senior independent director at Metro Bank, has been appointed as interim chairman until a permanent successor is appointed.

Sir Michael Snyder said: "The board thanks Vernon for his vision which inspired and created Metro Bank 10 years ago.
"He leaves a lasting legacy of creating fans through exceptional customer service and has revolutionised British banking."

Vernon Hill said: "I wish all of our fans - Metro Bank's customers, colleagues and shareholders - every success for the next stage of the journey.

"As always, the best is yet to come."

Metro Bank shares rose 2% in morning trading.