Mobile users can now switch providers with a single text July 1, 2019 Mobile customers can now switch network providers with one free text message under new rules that came into force today. Previously, mobile users had to call their current provider to request a porting authorisation code (PAC) before they could switch to a new network. Read more: Three becomes latest UK mobile operator to set 5G [...]
Dubai port owner DP World snaps up Topaz Energy in $1bn deal July 1, 2019 Port operator DP World has bought Topaz Energy and Marine for $1bn (£789m) from Standard Chartered and Renaissance Services. The Dubai-based firm, which is the world’s largest port operator, today confirmed it has secured the takeover subject to regulatory approval. Read more: Dubai port owner DP World holds steady as home market shrinks Topaz provides [...]
Tech startups’ confidence rises despite political uncertainty July 1, 2019 Confidence levels among UK tech startups has ticked up fractionally over the last quarter, despite the impact of the unsettled political landscape. New data from tech firm Studio Graphene revealed 80 per cent of tech startups are either confident or very confident about their growth prospects for the coming year, a one per cent rise [...]
Government plans to combat fake news ‘do not go far enough’ July 1, 2019 Government plans to crack down on fake news will not do enough to restore public trust in social media platforms and shore up digital marketing, according to a new report. The Chartered Institute of Marketing (CIM) warned fake news was leading to a decline in trust in social media posts, which in turn could prompt [...]
Mobile banking to overtake branch use by 2021 July 1, 2019 Mobile banking is set to overtake branch use in the next two years, as a boom in the fintech sector drives an increasing number of customers to digital formats. Research by data consultancy CACI revealed 25m customers, or almost half the UK’s adult population, are currently banking on mobile formats. Read more: Transferwise expands to [...]
US lift of Huawei ban is not a general amnesty, warns top White House adviser June 30, 2019 US President Donald Trump’s decision to lift the ban on American firms selling to Chinese tech giant Huawei is not a “general amnesty”, his top economic adviser has warned. National Economic Council chairman Larry Kudlow said the move will only apply to products widely available around the world, with the most sensitive equipment still subject [...]
WPP to sell stake in sports marketing firm Chime Communications June 30, 2019 Advertising group WPP is set to sell its stake in sports marketing agency Chime Communications in its latest move to slim down the business. WPP will sell its 25 per cent stake in Chime to US investment firm Providence Equity Partners, which holds the remaining 75 per cent, for £50m. Read more: WPP confirms sale [...]
Apple loses $10bn as iPhone designer Sir Jony Ive steps down June 28, 2019 The British designer behind the iPhone, iPod and iMac is set to leave Apple after nearly three decades, wiping roughly $10bn (£7.9bn) off the company’s value. Chief design officer Sir Jony Ive, who played a key role in turning Apple into the world’s most valuable company, will step down later this year to start an [...]
Ofcom gets the green light for new Openreach broadband regulation June 28, 2019 Ofcom has been given the green light to develop new regulation that will give telecoms firms more access to Openreach’s network in a bid to speed up the rollout of full-fibre broadband. The regulator today said it has received approval from the European Commission to press ahead with its scheme, which is designed to boost [...]
Orange raises £486m from sale of stake in BT June 28, 2019 French telecoms firm Orange today said it has raised £486m from the sale of its remaining 2.5 per cent stake in BT. Read more: BT in talks with ITV over Britbox investment BT snapped up roughly 41m of Orange’s 248m shares, which were put up for sale last night in a private placement. Shares in [...]
