Podcast startup Entale secures £2m backing from Daily Mail September 9, 2019 Interactive podcast startup Entale has received £2m in funding from the owner of the Daily Mail to help expand its AI technology. Entale, which was founded in 2017 by former Conde Nast digital boss Wil Harris, enables audiences to view social media posts, images and product links while listening to podcasts. Read more: Audioboom posts [...]
Shares in concierge firm Ten Lifestyle rise as it lifts full-year forecasts September 9, 2019 Shares in Ten Lifestyle ticked up this morning after the travel and concierge firm said it expected annual loss to be narrower than previously forecast. Read more: Nearly all BA flights cancelled as pilot strikes begin In a trading update ahead of its full-year results, Ten said it is set to report net revenue in [...]
Media firm Iconic Labs buys Gay Star News for £1 September 9, 2019 Iconic Labs, the media firm run by three former Unilad bosses, has bought the intellectual property of Gay Star News (GSN) for £1 as it looks to build up its portfolio of outlets. The deal was secured with Nuuco Media, a company previously owned by Iconic director David Sefton, which bought GSN out of liquidation. [...]
Lloyds suspends share buyback as PPI costs rise to £1.8bn September 9, 2019 Lloyds Banking Group has warned its costs relating to mis-sold payment protection insurance (PPI) could hit an additional £1.8bn after a rush of claims before the 29 August deadline. The bank had previously forecast costs of just under £1.1bn, based on a claims rate of 190,000 per week. Read more: Tesco sells mortgage arm to [...]
Intu shares jump on reports of Orion Capital buyout September 9, 2019 Shopping centre owner Intu led the FTSE risers this morning following reports of a potential buyout led by Orion Capital Managers. Read more: Intu share price fall continues after dividend cancellation Orion, run by private equity tycoon Aref Lahham, is said to be seeking partners for a buyout of the struggling company, which has felt [...]
US charges Chinese professor with fraud in latest Huawei clash September 9, 2019 US prosecutors have filed charges against a Chinese professor who allegedly stole technology from a Silicon Valley firm to give to Huawei. According to the complaint, Bo Mao entered into an agreement with an unnamed California tech company to obtain its circuit board, claiming it was for academic research. Read more: Huawei accuses US of [...]
Nearly all British Airways flights cancelled as pilot strikes begin September 9, 2019 Almost all British Airways flights have been grounded this morning as pilots began a two-day strike action. Members of the British Airline Pilots’ Association (Balpa) working for BA have staged the mass walkout in a row over pay, with another strike planned for 27 September. Read more: British Airways tells passengers to stay away from [...]
Robot rollout: Number of businesses using automation doubles in 2019 September 6, 2019 The number of businesses adopting automation at scale has doubled in the last year, though most say they have yet to assess how this could impact their employees. Roughly eight per cent of companies have deployed over 50 cases of automation this year, twice as many as in 2018, according to a report by Deloitte [...]
Salaries for new roles jump despite economic uncertainty September 5, 2019 UK employers ramped up salaries last month as they looked to snap up the best new recruits in a notoriously difficult period for hiring. Read more: Digital sector salaries outstrip UK average but gender pay gap remains Salaries for new roles rose 38 per cent year-on-year in August, according to the latest job market data [...]
Competition watchdog suspends legal action against ticket reseller Viagogo September 5, 2019 The competition watchdog has suspended court action against Viagogo, saying the ticket resale site had addressed its concerns about how key information was presented to customers. The Competition and Markets Authority (CMA) had launched legal proceedings against Viagogo for contempt of court after the firm allegedly failed to comply with an earlier court order. Read [...]
