How much will Sadiq Khan earn as mayor of London? May 8, 2016 He may come from humble beginnings but Sadiq Khan is now set to earn some serious dosh. His punchline for his mayoral campaign was “I’m the son of a bus driver”. The Tooting MP, whose parents are Pakistani immigrants, grew up in a modest south London housing estate with his seven siblings. He slept in [...]
Top Gear and Radio Times magazine owner on for £300m sale May 8, 2016 Immediate Media, the publisher of some of Britain’s most popular magazines like Radio Times and Top Gear, is rumoured to be on sale for £300m. According to the Sunday Times, the publisher’s private equity owner Exponent is interviewing advisers for handling the sale that is expected to be completed before the summer. One of Britain’s [...]
Fitness chain Pure Gym in good health as turnover hits £99.5m May 8, 2016 Pure Gym, Britain’s biggest gym operator, has seen its turnover soar from £68.6m to £99.5m following a 50 per cent increase in membership. However profits for the budget chain dropped from £7.5m to £2.6m thanks to exceptional expenses, the latest accounts filed for 2015 showed. The Leeds-based fitness operator, that has 160 gyms across the [...]
Fitness chain Pure Gym in good health as turnover hits £99.5m May 8, 2016 Pure Gym, Britain’s biggest gym operator, has seen its turnover soar from £68.6m to £99.5m following a 50 per cent increase in membership. However profits for the budget chain dropped from £7.5m to £2.6m thanks to exceptional expenses, the latest accounts filed for 2015 showed. The Leeds-based fitness operator, that has 160 gyms across the [...]
Boohoo for Yahoo: Tech giant loses deal that generates $100m in annual revenue May 4, 2016 Yahoo has lost a major client, that brought it close to $100m in revenue annually, to tech company Synacor. AT&T is ending its 15-year-long partnership deal with Yahoo to host its website and other applications. According to the Wall Street Journal, most of the $100m Yahoo earned from the deal with AT&T was “pure profit”. [...]
The world’s top universities by reputation revealed – how many of them are in the UK? May 4, 2016 Some of the UK’s most prestigious institutions have slipped in a ranking of the world’s top 100 universities by reputation. The latest Times Higher Education rankings have shown that Cambridge and Oxford have been pushed into fourth and fifth place by the Massachusetts Institute of Technology and Stanford University, which came second and third on [...]
TripAdvisor shares tank after it misses expectations May 4, 2016 Travel website TripAdvisor’s revenue has decreased to $352m, a drop of $11m or three per cent, during the first quarter of 2016. TripAdvisor reported earnings per share of $0.32 in the first quarter, $0.14 less than the analyst estimate of $0.46. Shares of the travel business fell 7.73 per cent to $58.25 in after-hours trading on Wednesday. [...]
Millions of Gmail, Yahoo and Microsoft email accounts sold to Russian underworld May 4, 2016 Over 270m email accounts have been hacked and sold to Russian underworld, a security expert has claimed. While a majority of stolen usernames and passwords belonged to popular Russian email service Mail.ru, credentials for some of the world's biggest email providers were also compromised. Of the 272.3m stolen accounts, nearly 40m addresses belonged to Yahoo, [...]
The curious case of the iphone trademark: Apple loses fight over iPhone name in China May 4, 2016 Apple has lost a legal battle against a Chinese handbag maker over its use of the iPhone trademark. Xintong Tiandi, a Chinese company that sells leather purses and phone cases, trademarked "IPHONE" in 2010. Apple filed a trademark for “iPhone” in 2002, but got approval only in 2013. The tech giant launched a legal tirade against [...]
London fashion retailer Farfetch raises over £75m in funding round May 4, 2016 Online fashion retailer Farfetch has raised $110m (£75.6m) in its latest funding round to augment expansion plans in the Asia-Pacific region. The London-based luxury shopping platform plans to use the funding to expand in China, Farfetch’s second largest market, Japan and other Asia-Pacific countries. China represents 12 per cent of the company’s sales with Asia-Pacific collectively representing [...]
