‘If we’re serious about growth this is the lever to pull’, says Treasury adviser – as founders feel undervalued
Pandora shares are tumbling after naming founder Tim Westergren chief executive March 28, 2016 Shares in the the US-based internet radio company Pandora tumbled after announcing the exit of its chief executive and return of the company's founder to replace him. Brian McAndrews is exiting the media company and will be replaced by founder Tim Westergren who served as boss in its early days until 2004. Shares were down more than 10 per cent in pre-market [...]
NTT Data buys Dell IT services business for $3bn ahead of EMC deal approval March 28, 2016 Japan's NTT has snapped up part of Dell's IT business for more than $3bn (£2.1bn) giving the US firm more cash to fund its $67bn takeover of EMC. For NTT, Japan's largest IT firm, the acquisition gives the company a firmer footing in the US market. It will take on more than 28,000 Dell workers in North America [...]
Apple’s iOS 9.3 update has a bug that can freeze and crash iPhones and iPads when clicking links via Safari, Mail, Message and other apps March 28, 2016 The latest update from Apple which is meant to bring users a host of new features is also bringing with it unexpected problems. iPhone and iPad users have reported issues when they update to iOS 9.3, the newest operating system for Apple devices, which is leaving them unable to click on links in internet browsers [...]
Tech, media and telecoms executives concerned workforces won’t be able to keep up with technological advancements March 24, 2016 Technology, media and telecoms (TMT) executives are worried their workforces won't be able to keep up with technological advancements, according to a new report. PwC found TMT bosses are positive about the prospect of new developments driving revenue growth. But one of the top threats facing their growth prospects is a “shortage of tech-savvy skilled workers who can keep up with [...]
Met police commissioner Sir Bernard Hogan-Howe sparks backlash over cybercrime comments made to The Times March 24, 2016 Sir Bernard Hogan-Howe, the Metropolitan police commissioner, sparked an immediate backlash after he suggested banks should consider no longer refunding online fraud victims. While discussing how banks could improve security awareness, Britain's most senior police officer told The Times that the system of refunds "rewards" customers. "The system is not incentivising you to protect yourself. If [...]
Fintech powerlist: These are the most influential people in UK fintech on social media March 24, 2016 It's created billion-dollar startups, attracted record investment and is keeping major banks on their toes – London fintech is having its moment in the sun and there are some crucial influencers making that happen. These are the movers, the shakers, the doers and builders, and the people you need to know in the world of London [...]
App develops next generation taxi payment allowing black cabs to accept chip and pin, contactless and Apple pay March 23, 2016 A new app that allows customers use chip and pin, contactless and Apple Pay when taking a black cab has launched. The app, aptly named cab:app, allows passengers to pay within 90 seconds in locations across the UK. While it will be mandatory for all black cabs in London to offer card and contactless payment from [...]
Switching mobile networks is about to become much easier under new proposals from Ofcom March 23, 2016 Changing your mobile phone provider is about to become much easier. Regulators have put forward new proposals to make switching networks easier for customers. Ofcom has suggested two options, its preferred one being the new provider handling the switch. "It is unacceptable for people to be missing out on better mobile deals because they fear the hassle of [...]
Google’s Android Pay is coming to the UK, letting you pay with mobile on the Tube and across the high street, including Pret, Starbucks, Waitrose and more March 23, 2016 Users of Android will soon be able to use their smartphone to pay for items and even travel to work, as Google prepares to launch Android Pay in the UK following hot on the heels of Apple Pay. Google said it will roll out "in the coming months" with the backing of Britain's biggest banks, but did not [...]
The end of traffic lights? Thanks to driverless car technology, researchers may have just killed them off March 23, 2016 Waiting around at a red light may soon become a thing of the past, and it's all thanks to driverless cars. The technology which will soon mean we can sit back and relax while automated vehicles take us from A to B could spell the end to arbitrary hold ups from frustrating red lights, scientists say. Driverless [...]