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      WH Smith made only £10m from sale of 500 stores

      Going forward, the only remaining WH Smith shops will be in airports, train stations and motorway service stations – alongside some remaining stores in hospitals.

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Media

  • Disney to cut thousands of jobs this week, reports say

    April 24, 2023

    Disney will cut thousands of jobs this week, taking the total number of layoffs to 4,000, according to media reports. Disney first announced it would start axing jobs in February as part of a $5.5bn (£4.54bn) cost-cutting drive under chief executive, Bob Iger.  Iger – who returned as Disney’s chief in November following the tumultuous [...]

  • Twitter: Elon Musk launches new long-form platform allowing 10,000 characters

    April 14, 2023

    Twitter has launched a new platform to support writers move from micro-blogging to longer-form pieces, with posts of 10,000 characters permitted. The Elon Musk-owned social media giant announced the launch of Twitter Write on Friday, offering “improvements to the writing and reading experience” for users. “Starting today, Twitter now supports Tweets up to 10,000 characters [...]

  • Dame Mary Quant: British fashion designer who popularised the mini skirt dies aged 93

    April 13, 2023

    Fashion designer Dame Mary Quant, who was widely credited with popularising the mini skirt, has died at the age of 93, her family said.  The British fashion designer died peacefully at her home in Surrey on Thursday morning, a statement from her family to the PA news agency said.  A statement released on behalf of her family [...]

  • Elon Musk gives BBC rare tell-all interview after Twitter labelled broadcaster ‘government-funded media’

    April 12, 2023

    Twitter owner Elon Musk has said the social media site will update the BBC’s “government-funded media” tag after the broadcaster objected to the label. The BBC contacted Twitter last week after the designation was attached to the main @BBC account. In an interview with the BBC, Mr Musk said he has the “utmost respect” for [...]

  • Under a cloud: Dominance of Amazon AWS and Microsoft Azure questioned as Ofcom considers CMA referral

    April 5, 2023

    Ofcom has proposed referring UK cloud services to the competition regulator, citing concerns that key players Amazon and Microsoft could stifle competition.  The communications regulator said it has proposed referring the sector to the Competition and Markets Authority (CMA) after it identified features which make it harder for customers to switch or use multiple providers. [...]

  • Australia follows UK, US, Canada and New Zealand in banning TikTok from government devices

    April 4, 2023

    Australia has become the last of the Five Eyes security partners to ban the Chinese-owned video-sharing app TikTok from its federal government’s devices. Attorney-General Mark Dreyfus said in a statement on Tuesday that based on intelligence and security agencies’ advice, that ban would come into effect “as soon as practicable”. The so-called Five Eyes intelligence-sharing [...]

  • Confusion on Twitter as Elon Musk fails to take blue ticks off site – despite saying they’d go on 1 April

    April 3, 2023

    Twitter has failed to take legacy blue checkmarks off the social media platform after it committed to remove them on April 1. The business, led by billionaire owner Elon Musk, has also confused many people by making older verified users indistinguishable from those who have paid for the checkmark. It comes after Mr Musk said [...]

  • Musk verification, laughing gas, webcam gaffes, ChatGPT and cyber crime pay: Here’s your week in tweets!

    March 31, 2023

    The markets quietened this week, with European banking stocks recovering the losses they had posted in the week after Credit Suisse’s shotgun marriage with UBS. But the internet never sleeps and the news rumbles on, so City A.M. have sorted through cyberspace to bring you the best of what you might have missed. 1. Elon [...]

  • Twitter shakeup: What features will Elon Musk scrap for users who refuse to pay for a tick?

    March 28, 2023

    Twitter is set to scrap features for users who do not pay a monthly fee for a blue tick verification, according to new rules shared by billionaire owner Elon Musk. Users of the social media platform who want to remain verified can pay up to 11 US dollars (£8.93) a month as part of Mr [...]

  • How Succession became the must-watch TV show of the decade

    March 23, 2023

    The first episode of Succession, aired all the way back in June 2018, only hints at the Shakespearian epic that would follow. On first watch it seemed a little goofy: Kendall rapping along to the Beastie Boys in the back of his car; cousin Greg puking from behind the eyes of a fairground mascot. It’s [...]

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