Avast forecasts revenue growth despite data sharing scandal February 26, 2020 Cybersecurity firm Avast today posted a rise in profit for the full year and vowed to deliver “healthy growth” in 2020 despite the impact of a scandal over its use of data. The London-listed firm reported revenue of $873m (£675m) in the year to the end of December, up 5.6 per cent on the previous [...]
Top journalists Nick Robinson and Jon Snow in isolation over coronavirus fears February 26, 2020 The BBC’s Nick Robinson and Channel 4 presenter Jon Snow are both in self-isolation as coronavirus fears take their toll on British journalism. Robinson, who presents Radio 4’s Today programme, said he had been given a “routine precautionary check” for the virus after returning from Vietnam and Cambodia. The former Beeb political editor said he [...]
UK business lacks confidence over 5G despite rising investment February 26, 2020 Less than half of UK businesses are confident they can successfully implement 5G-based technology despite growing investment in the new mobile network, new research has revealed. Around 15 per cent of British companies are currently investing in 5G, with the figures set to rise to 70 per cent within three years, according to an EY [...]
Internet research boosts pay as Londoners turn to online learning February 26, 2020 Internet research drives as much as 10 per cent of the UK’s economic output, new figures have revealed, as proactive Londoners use online resources to learn new skills and boost their efficiency. More than 80 per cent of the capital’s workforce use online learning to help with work at least once a month, while 70 [...]
AI chipmaker Graphcore nears $2bn valuation after fresh funding round February 25, 2020 Chipmaker Graphcore today said it was closing in on a $2bn (£1.5bn) valuation after securing $150m in a fresh funding round. Graphcore, which specialises in processors for machine learning and artificial intelligence (AI), secured the backing from new investors Baillie Gifford, Mayfair Equity Partners and M&G Investments. The cash boost, which was an extension of [...]
This Morning star Eamonn Holmes faces hefty bill after losing IR35 tax case February 25, 2020 Veteran TV presenter Eamonn Holmes could be facing a hefty tax bill after losing a case against HMRC over his employment status. Holmes, who hosts ITV’s This Morning, had argued he was a freelancer as he received payments from the broadcaster through his company Red, White and Green Limited. However, a judge ruled that the [...]
Financial Conduct Authority admits major data breach February 25, 2020 The Financial Conduct Authority (FCA) has admitted that it revealed confidential consumer information on its website in a data breach last year. The City watchdog published details of roughly 1,600 people who filed complaints about it between January 2018 and July 2019. In some instances the information included names, addresses and telephone numbers. The FCA [...]
Germany economy flatlines in fourth quarter on falling exports February 25, 2020 Declining exports stunted German economic activity in the fourth quarter, new data has revealed, showing the country’s economy was stagnating even before the coronavirus outbreak. Growth in Europe’s largest economy was confirmed at 0 per cent for the final three months of the year, according to the Federal Statistics Office. Exports fell 0.2 per cent [...]
Harvey Weinstein found guilty in landmark rape trial February 24, 2020 Disgraced Hollywood mogul Harvey Weinstein has been convicted of sexual assault and rape in a landmark case that inspired the #MeToo movement. A New York jury today found the producer guilty of sexually assaulting former production assistant Mimi Haleyi in 2006 and raping aspiring actress Jessica Mann in 2013. He faces up to 25 years [...]
Alphabet drops out of trillion-dollar club amid coronavirus rout February 24, 2020 Google parent company Alphabet has dropped out of the prestigious trillion-dollar club after fears over the coronavirus outbreak prompted a wider global sell-off. Shares in Alphabet dropped almost four per cent in New York trading this afternoon, taking its market capitalisation to just below $980bn (£758bn). The fall came amid a wider decline across stock [...]
