Workspace hub Knotel thinks it’s solved Wework’s business model problems September 26, 2019 Wework’s ill-fated initial public offering (IPO) will have only a “limited” impact on the fortunes of flexible workspace rival Knotel, the firm’s boss has said. Tom Dugarin, Knotel’s UK general manager, played down concerns about Wework’s troubled listing, saying his company had a more sustainable business model. Read more: Wework rival Knotel expands London presence [...]
Time Out posts revenue rise as it dines out on food market success September 26, 2019 Time Out has posted a strong rise in revenue for the half-year, driven by the opening of three new food markets. The Aim-listed media firm reported revenue of £24.7m in the six months to the end of June, up 10 per cent on last year, while pre-tax loss narrowed marginally to £12m. Read more: Time [...]
US proposes $1bn fund to replace Huawei network equipment September 25, 2019 US politicians have outlined plans for a $1bn (£805m) fund that would allow small telecoms firms to replace network equipment made by controversial Chinese tech giant Huawei. The proposed bipartisan legislation comes after a bill approved by the US Senate Commerce Committee in July that would allow roughly $700m in grants to remove Huawei equipment. [...]
Beano Studios hires former Vice UK boss Matt O’Mara September 25, 2019 Beano Studios has tapped the former chief executive of Vice UK as the rebellious comic book classic continues its expansion into digital entertainment. Read more: DC Thomson Media launches new monthly women’s magazine Platinum Matt O’Mara will join the company in the newly-created role of chief commercial officer, reporting directly to boss Emma Scott. O’Mara, [...]
FDM Group taps Tech UK chair Jacqueline de Rojas to join board September 25, 2019 Recruitment firm FDM Group today said it has appointed tech titan Jacqueline de Rojas as a non-executive director. Read more: London overtakes New York to steal global fintech investment crown De Rojas, who is president of trade associations Tech UK and Digital Leaders, will join the board of the FTSE 250 firm from the beginning [...]
Google refuses to pay European publishers for news story previews September 25, 2019 Google will not pay European news publishers to show previews of their content in its search results, the tech giant has revealed. In a blog post published today, Google said its news search service in France will only display previews of articles when the publisher has given permission for it to be used for free. [...]
Local newspaper group Archant shuts printing site as boss steps down September 25, 2019 The chief executive of Archant is stepping down as the local newspaper group announced it is shutting its internal printworks, putting jobs at risk. The publishing firm, which owns titles including the Ham & High and Hackney Gazette, said boss Jeff Henry will step down at the end of September after five years at the [...]
Broadband firms pledge to cut prices after Ofcom review September 25, 2019 Major UK broadband providers have pledged to cut prices for out-of-contract customers after Ofcom carried out a review into the market. Sky, BT and Talktalk have all agreed to allow customers whose initial contracts have ended to get the same deals as new customers when they renew their contracts. Read more: BT leads push for [...]
Central Line: Commuters rescue man from Oxford Circus Tube tracks September 25, 2019 Oxford Circus Tube station was closed earlier this morning after heroic commuters rescued a man who had “collapsed” onto the tracks. Rush hour commuters suffered lengthy delays when the entire Central line was suspended as police dealt with the incident. Read more: Tube chaos for commuters as Victoria line suspended Transport for London (TfL) said [...]
DC Thomson Media launches new monthly women’s magazine Platinum September 25, 2019 Publishing group DC Thomson Media has today launched a new monthly women’s magazine, just weeks after Marie Claire shut down its UK print edition. DC Thomson said the launch of Platinum, which is aimed at women over the age of 55, marks the biggest women’s magazine launch in more than a decade. Read more: Marie [...]
