UK marketing budgets hit five-year low as Brexit uncertainty weighs November 25, 2019 Marketing budgets at UK firms have fallen to their lowest level in more than five years as ongoing political uncertainty continues to take its toll. On average, marketing budgets slipped to 9.3 per cent of overall company revenue this year, down from 11.4 per cent in 2018, according to research firm Gartner. Read more: AI [...]
TSB to slash up to 400 jobs as it shutters stores in cost-cutting plan November 25, 2019 TSB has announced plans to close 82 branches next year and slash up to 400 jobs as part of a strategy overhaul aimed at saving £100m by 2022. Unveiling a new three-year strategic plan, chief executive Debbie Crosbie today said the savings would help deliver a 15 percentage point improvement to the bank’s cost to [...]
Software firm Cerillion posts record results thanks to booming telecoms demand November 25, 2019 London-based software firm Cerillion today hailed a record set of full-year results after it secured a string of major new contracts amid growing demand. Read more: London software firm Kape snaps up US cybersecurity company for $95m Cerillion posted an eight per cent rise in revenue to £18.8m in the 12 months to the end [...]
Just Eat tells shareholders not to accept Prosus takeover offer November 25, 2019 Just Eat has advised shareholders not to accept a takeover offer from merger gatecrasher Prosus, urging them instead to stick with its agreed deal with Takeaway.com. Prosus, which is controlled by South African investment giant Naspers, is threatening to derail Takeaway’s takeover efforts after tabling a higher bid that valued the company at roughly £4.9bn. [...]
Sir Tim Berners-Lee warns of ‘digital dystopia’ as he unveils plan to save the web November 25, 2019 World wide web creator Sir Tim Berners-Lee has warned of a “digital dystopia” as he launches a plan aimed at tackling the misuse of the internet. The British computer scientist will unveil a string of new standards at an event in Berlin today amid fears of online harms such as foreign interference in elections, hate [...]
Tony Blair: Both UK parties are ‘peddling fantasies’ ahead of General Election November 25, 2019 Prime Minister Boris Johnson and Labour leader Jeremy Corbyn are both “peddling fantasies” ahead of the upcoming General Election, Tony Blair will say today. At an event in London, the former Prime Minister is set to criticise the country’s two main parties for offering a stark choice, aiming to win over voters “on the basis [...]
Interest in UK tech jobs wanes as top talent flocks to Europe November 22, 2019 Desire among jobseekers to find work in the UK tech sector has declined over the last two years while other European countries have benefited from a surge in interest, new data has revealed. Searches for jobs in Britain’s tech sector slipped three per cent between the first half of 2017 and the first half of [...]
Wework lays off 2,400 employees in Softbank-led efficiency drive November 21, 2019 Wework today confirmed it will lay off roughly 2,400 employees around the world as the company launches a drastic bid to cut costs and shore up its business. A Wework spokesperson said the cuts were part of the company’s efforts to focus on its core business and “create a more efficient organisation”. Read more: New [...]
Wetherspoons shareholders back Tim Martin after corporate governance row November 21, 2019 Outspoken JD Wetherspoon boss Tim Martin has emerged victorious from his clash with a proxy adviser after shareholders voted overwhelmingly in his support. More than 98 per cent of investors voted to re-elect Martin, who founded the company in 1979, as executive chairman at the budget pub chain’s annual general meeting today. Read more: Wetherspoons [...]
Billionaire Michael Bloomberg files paperwork for US presidential bid November 21, 2019 Billionaire Michael Bloomberg has filed a statement of candidacy for US President in the latest sign the former New York City mayor will join a crowded field of Democrat candidates. Read more: Billionaire Michael Bloomberg considers possible presidential run The filing with the Federal Election Committee means the media mogul is able to raise funds [...]
