Softbank boss Masayoshi Son ‘embarrassed’ by track record October 7, 2019 Softbank chief executive Masayoshi Son has admitted that he is “embarrassed and flustered” by his track record at the Japanese conglomerate. Read more: Softbank’s second fund hit by failed Wework listing In an interview with local media, Son said he felt that his accomplishments at Softbank had not yet lived up to his goals. “When [...]
The next Bank of England governor must be prepared for a political storm October 6, 2019 When Dame Helena Morrissey revealed she was standing down from Legal & General last week, the City rumour mill was sent into overdrive. The Square Mile veteran and champion of boardroom equality said only that “in a changing Britain” she had “a lot of ideas and other things to achieve”. This rather enigmatic sign-off will [...]
Openreach shelves board overhaul amid concerns over BT links October 6, 2019 Openreach is said to have shelved plans to overhaul its board amid concerns the move would erode its independence from BT. Read more: Ofcom gets the green light for new Openreach broadband regulation The telecoms network business, which was spun off from BT last year, has been looking to appoint BT’s strategy chief Michael Sherman [...]
UK energy boss conned out of £200,000 in ‘deep fake’ fraud October 6, 2019 A top energy executive has been conned out of £200,000 by cyber scammers who used artificial intelligence to mimic his boss’s voice. The UK boss of an unnamed energy firm was tricked into transferring the money following a phone call from that appeared to come from his boss at the German parent company, the Mail [...]
Magazine publisher TI Media narrows loss as digital shift helps cut costs October 6, 2019 The publishing group behind Country Life and Horse & Hound has slashed its loss for the full year, as cost-cutting moves helped offset a decline in revenue. TI Media posted a pre-tax loss of £3.2m in the year to 31 December 2018, compared to £13.7m in the previous 12 months. Read more: Marie Claire ends [...]
Apple rejects app that tracks Hong Kong protest locations October 3, 2019 Apple has rejected an app that helps people in Hong Kong track the location of police and protesters, according to the app’s developer. Read more: Hong Kong: Police charge teenage protester shot by officer The crowdsourced app, called HKmap Live, displays information about police patrols, tear gas use, metro closures and safe houses to help [...]
Brew-haha: Backlash over Brewdog’s hybrid burger October 3, 2019 Brewdog has been left with its tail between its legs after the launch of its new hybrid burger prompted a social media backlash from sceptics. Baffled customers took to Twitter to express their bewilderment at the pub chain’s new creation, which contains both a beef patty and a plant-based patty. Read more: Raising the bar: [...]
Netflix gets €57,000 tax rebate in the UK as binge-watching boosts profit October 3, 2019 Netflix has received a €57,000 (£51,000) tax rebate from the UK government last year, even as the success of hit shows such as The Crown and Stranger Things drove a rise in profit. The tax credit, granted as an incentive to produce films and TV shows in the UK, follows a rebate of €199,000 in [...]
Tesla share price falls after it misses deliveries target October 2, 2019 Shares in Tesla fell as much as six per cent in post-close trading after it delivered fewer vehicles than expected in the third quarter. Elon Musk’s firm delivered a record 97,000 vehicles in the quarter, up 1.9 per cent on the previous three months. However, this was below estimates of 97,477. The total consisted of [...]
Naked Wines sells wine merchant Lay & Wheeler for £11.3m October 2, 2019 Naked Wines today said it has agreed to sell fine wine merchant Lay & Wheeler (L&W) in a deal worth £11.3m. Read more: City grandee Michael Spencer tables bid for Naked Wine dealer L&W The online wine retailer said it will sell the division, made up of Lay & Wheeler Limited and Vinotheque Holdings, to [...]
