Vodafone’s new chief under pressure to shine as analysts predict weak annual results May 14, 2023 Vodafone’s new chief Margherita Della Valle will be looking to lay out a convincing vision for the firm on Tuesday as she updates the City with its full year results for the first time in the top job. Della Valle, the former finance chief of Vodafone, has been tasked with breathing life into the FTSE [...]
Elon Musk announces successor as Twitter chief – and that it’s now called X Corp May 12, 2023 Elon Musk said that he has found a new CEO for Twitter, or X Corp, as it is now called. He did not initially name the person but said she will be starting in about six weeks when the announcement was made on Thursday. On Friday he took to the site to say the new [...]
Supertool: S4’s Sorrell says AI ‘more effective than a 25-year-old media buyer’ May 11, 2023 S4’s chairman Sir Martin Sorrell is optimistic about the future of AI as his advertising agency embraces it to supercharge their productivity and reach. Sorrell said S4 had already seen an increase in viewing metrics because AI was helping employees speed up ad copywriting and aggregate data that makes it easier to hyper-personalise and target [...]
Softbank’s Vision Funds book record £31bn loss – but Alibaba sale helps cushion the blow May 11, 2023 Japanese investment giant Softbank continued to shed cash from its storied Vision Funds in the three months to March even as a slew of asset sales and tech rebound helped narrow losses across the firm.
Vodafone: New chief embarks on Emirati E& partnership, with board seats up for grabs May 11, 2023 Vodafone has announced a strategic relationship with e& – the Emirati telecommunications firm which currently holds 14.6 per cent of its shares. In the deal, E&’s chief executive will join the board and there are provisions included for another member its team team to take a seat should the Emirati firm’s shareholding go above 20 [...]
Twitter could introduce encrypted messaging feature today, Musk says May 10, 2023 Twitter could release an encrypted messaging feature on its app today, the company’s chief executive Elon Musk said. In a tweet on Tuesday, Musk said that an encrypted direct messaging feature “should” be rolled out today. In theory, this would mean only the sender and recipient of the message could read it. “The acid test [...]
Consumer Duty: why City firms need to prepare now or face ‘robust action’ May 10, 2023 A clampdown is looming for City firms as the Financial Conduct Authority prepares to roll out its new consumer duty this summer, in the biggest shake-up of consumer protections in over a decade.
Elf Bar warned by advertising watchdog after banning Tiktok vape promotions May 10, 2023 Two Tiktok posts by influencers promoting vapes have been banned for breaking rules prohibiting e-cigarette advertising on social media. The first post from the account @Panaxhe_ shows a young man selecting a blueberry-flavoured Elf Bar for breakfast from a fridge full of the brightly-coloured devices before returning later for a kiwi passion fruit-flavoured vape for lunch. The second showed former Gogglebox [...]
Lord Pannick: Activision hires top KC for £55bn Microsoft takeover legal challenge May 10, 2023 Computer Games company Activision Blizzard has hired Boris Johnson’s former lawyer to represent it in a £55 billion legal battle with the competition watchdog. Lord David Pannick KC, who represented the ex-prime minister through the partygate hearings, will be representing the games giant at a Competition Appeal Tribunal, the Financial Times reported. It comes after [...]
Capita warns of £20m hit from cyber attack May 10, 2023 A cyber attack against outsourcing firm Capita which saw personal information leaked onto the dark web is likely to cost £15-20m to resolve, the firm revealed this morning.