Yahoo anticipates another 15 per cent drop in revenues to $3.5bn in 2016 April 6, 2016 Yahoo is anticipating another 15 per cent drop in revenues this year. The web portal reported profits of $4.4bn (£3.1bn) in 2014, $4.1bn last year and is expecting this figure to drop to $3.5bn in 2016. Read more: Hedge fund wants to overhaul Yahoo's board The figures were first reported by Re/Code, which quoted them from a [...]
Quantum Break review: this time-travel drama for the Netflix generation fails to live up to hype April 6, 2016 There’s a scene in Quantum Break in which you walk through an eerily silent scene of unfurling devastation. A molotov cocktail hangs in the air, flames streaming behind it. Cars and containers glitch back and forth while the environment seethes and writhes in a ballet of polygons. It’s a reminder of the potential that this [...]
Headhunting startup YapJobs secures £1m in seed funding for expansion across London April 6, 2016 A headhunting startup has raised £1m in seed funding as it prepares to rollout its technology across London. YapJobs, which launched in November last year, focuses on connecting people with jobs in the hospitality and service sectors. Read more: These are the hottest 50 fintech companies (and half are from London The firm said it [...]
Uber adds another ex-government adviser to its team April 6, 2016 Ride-hailing app Uber has added another former government adviser to its staff, with a new addition to its policy team. Guy Levin, who was a government adviser between 2010 and 2014, has joined the company's policy research team, based in Amsterdam. Levin, who is moving from his role as executive director at startup policy group [...]
Cyber shock: Compliance staff perhaps the most likely to steal insider data April 6, 2016 It's always the quiet ones, isn't it? Research seen exclusively by City A.M. suggests that you might want to be keeping a closer eye on your compliance staff when it comes to safeguarding sensitive information. The report by FTI Consulting discovered that 60 per cent of compliance staff would consider taking data belonging to their [...]
Panama Papers scandal: Law firm admits it thinks it was the target of hackers as experts warn companies are misguided in their cyber security efforts April 6, 2016 Businesses are failing to identify weak spots in their cyber security systems, as the law firm embroiled in the Panama Papers breach admits that it believes it was targeted by hackers. A report seen exclusively by City A.M. by FTI Consulting has discovered that just less than half (43 per cent) of global institutional investors [...]
Blockchain just had two major firsts with new social payment app Circle, Barclays and Britain’s financial regulator April 6, 2016 London may be the centre of fintech innovation, but there’s one huge trend we’ve failed to jump on board with yet – social payment apps. Messaging your mate with that fiver you owe for last night’s round at the pub and a big smiley face emoji is pretty common in the US and China, especially [...]
Huawei has thrown itself full tilt into the global consumer phone market with its P9 and P9 Plus, featuring Leica lenses April 6, 2016 Chinese telecoms group Huawei has unveiled its latest handset, meant be its flagship device in a push into the European market currently dominated by Samsung and Apple. Huawei has has teamed up with German camera maker Leica for its new P9 model that uses duel lenses, a feature though to be included in Apple's upcoming iPhone 7. [...]
Rovio hopes the Angry Birds Movie can help turnaround losses April 6, 2016 The games company behind addictive app Angry Birds is hoping a Hollywood outing on the big screen can turn around its fortunes. The Finnish firm has reported an operating loss of €13m for the year, on revenues of €142m “As expected, 2015 was a challenging year for Rovio partly due to heavy investments in our future success," said [...]
Digital challenger bank Atom is open for business and the Neil Woodford-backed bank uses innovative face and voice recognition technology April 6, 2016 A digital challenger bank which uses face and voice recognition instead of passwords and is trying to give the big four banks a run for their money is now open for business. Atom Bank, which is backed by top investors including Neil Woodford, has launched today on Apple iOS for pre-registered users. It believes being digital first and innovative [...]