BBC must boost digital to stand up to Netflix December 14, 2022 The BBC must boost its digital leadership if it’s going to keep up with US streaming giants, says a new report. The National Audit Office said that although the broadcaster had made strides in establishing its online presence with the iPlayer, the tech was lagging behind the likes of Netflix. While Netflix has a budget of [...]
London tech revises internal tax valuation to $11b December 14, 2022 Checkout.com, a London tech start up, has revised its internal tax valuation to $11bn. Its investor valuation earlier this year was a staggering $40bn. Checkout.com is a digital payment platform for businesses that was valued at $40b after a series D round in January. According to company filings, the firm generated a revenue of $204m [...]
Union boss says posties to work with business rather than just strike December 14, 2022 Trade union baron Dave Ward has said posties will need to adopt a more business focused approach to industrial action in the new year, expanding action beyond just strikes. The man behind both the Royal Mail and Post Office strikes said the Communication Workers Union (CWU) was currently “weighing up other ways we can put [...]
Russian oligarch seeks to block fraud lawsuit over sanctions December 14, 2022 A high-profile Russian oligarch is seeking to block an $850m (£685m) fraud lawsuit over claims the Russian banks suing him could use proceeds from the case to “fund the war in Ukraine”. Lawyers acting on behalf of Russian banker Boris Mints called for the High Court lawsuit to be put on hold in arguing any [...]
Rivals raise eyebrows over BT’s Openreach price cuts December 14, 2022 BT’s Openreach has said it plans to offer cheaper rates to its wholesale clients like Sky and TalkTalk as it tries to push Brits from copper to full fibre. The move will benefit big internet providers that do not have their own fibre networks, but has raised eyebrows amongst the firm’s biggest rivals. The main [...]
CMA launches investigation into rising cost of antibiotics amid Strep A outbreak December 14, 2022 The rising prices of antibiotics amid an outbreak of Strep A in the UK has raised concerns with the UK’s competition watchdog. The Competition and Markets Authority (CMA) launched an investigation into the price rises today. Some pharmacies have reported being charged up to £19 for a box of drugs that normally costs a few [...]
Hard-hit cinemas bank on Avatar December 14, 2022 Analysts have warned against cinema chains pinning too much hope on upcoming blockbusters like Avatar sequel, which is due to drop this week. Although Imax’s chief exec said the James Cameron’s sci-fi movie had “one of the highest pre-sale levels we’ve ever seen”, big screens may need to do more to turn the tide – [...]
Milbank boosts position in London market via deal with boutique firm December 14, 2022 New York law giant Milbank has poached almost 30 lawyers from boutique law firm Dickson Minto after snapping up its highly coveted City-based private equity division. The deal will see seven partners and 20 associates from Dickson Minto’s City offices join Milbank’s 140 lawyer-strong London team. Scottish corporate law firm Dickson Minto currently has its [...]
EU raises €20bn to boost green energy and slash reliance on Russian fossil fuels December 14, 2022 The EU has squeezed an extra €20bn from its carbon market for investments to slash the bloc's reliance on Russian fossil fuels.
It’s beginning to look a lot like chaos: Rail strikes hit London as businesses shed Christmas bookings December 14, 2022 Parts of London resembled a ghost town yesterday as rail workers kicked off the first of several days of strikes. Bars in the capital warned they are haemorrhaging tens of thousands of pounds in lost bookings due to mass walkouts deterring commuters, raising the threat of businesses missing out on their third ever-critical golden quarter [...]