Andy Warhol’s £6m selfie and how we can all now be famous for 15 minutes December 13, 2018 | City Talk One day in 1963, Andy Warhol walked into a New York photobooth and took what have become the world’s most famous selfies. One of these trailblazing self-portraits has just been sold at a Sotheby’s auction for just over £6m. These selfies perfectly suited Warhol’s vision of the pop art era of the late 1950s and [...]
‘Non-sexy’ is the new cool: UK fintech predictions for 2019 December 13, 2018 Despite the continued uncertainties of Brexit, 2018 was another year for the UK’s fintech sector. Record levels of investment poured into the community, with $16bn secured in the first six months of 2018, exceeding the value of investment in US fintech by almost $2bn. In addition, progressive regulation and a thriving financial services sector attracted [...]
The seven trends in the digital sport world to look out for in 2019 December 11, 2018 This has been a transformative year for the digital sport landscape, from tech giants Amazon and Facebook making major rights acquisitions to a rise in behind-the-scenes and self-authored content. Here, Charlie Beall of consultancy Seven League assesses the trends that dominated 2018 and look set to shape the next 12 months. 1. Athletes becoming media As [...]
WPP to slash 3,500 jobs as it launches new streamlining strategy December 11, 2018 Advertising group WPP is cutting 3,500 jobs as it restructures the business and shifts its focus to technology in a bid to stave off competition from tech giants. WPP today said it will spend £300m over the next three years as it simplifies the business, aiming to make annual savings of £275m by 2021. The [...]
Bored of Brexit? How the B-word went from advertiser’s dream to branding disaster December 11, 2018 The word “Brexit” is unavoidable. When we pick up a newspaper, turn on the TV, or log in to social media, the B-word follows us everywhere. For many of the world’s largest brands, this would be a dream. The likes of Nike, Coca-Cola and Amazon spend billions of pounds for the kind of ubiquity that [...]
With our North American friends, we are proving that trade is not a zero-sum game December 10, 2018 All eyes will be on Westminster tomorrow as parliament prepares for a crunch vote on Theresa May’s Brexit deal. We must remember, however, that the world is not stopping for Brexit, even if it continues to dominate the headlines back at home. That is why I am today starting my first overseas visit since taking [...]
Christmas truce: Apple Music arrives on Amazon’s Echo device next month November 30, 2018 Silicon Valley rivals Apple and Amazon are cosying up next month to give customers an early Christmas present, by enabling Apple Music streaming on Amazon’s Echo speaker. In an apparent thawing of relations, Amazon announced this morning that Echo owners would be able to ask its voice-activated assistant Alexa to play songs, artists, albums and playlists [...]
What happens when the ‘FAANG’ stocks lose their bite? November 29, 2018 | City Talk There can be little doubt about the stars of world markets in recent years. The US has led the way, with tech companies to the fore and, at the very front of the march, the so-called ‘FAANG’ stocks of Facebook, Amazon, Apple, Netflix and Google. Still, remembering the old stock market adage ‘Tall trees do [...]
Ofcom boss calls on British broadcasters to create Netflix rival November 28, 2018 Public service broadcasters should work together to create a ‘Brit Player’ to rival Netflix, the head of Ofcom said today. Sharon White told the Outside the Box conference in London that broadcasters should pull together their on-demand services to create a platform offering popular British shows such as Broadchurch, Blue Planet and Bake Off in one [...]
Five reasons why tech stocks are in trouble November 27, 2018 For months, technology stocks have been the holy grail for growth, with valuations reaching dizzying heights. So, considering that what goes up must come down, perhaps it’s not surprising that stocks started tumbling last week. Share prices for each of the five tech giants – Facebook, Amazon, Apple, Netflix, and Google (the so-called Faangs) – [...]