Softbank to invest €900m for stake in digital payments firm Wirecard April 24, 2019 Softbank has agreed to invest €900m (£781m) in German fintech firm Wirecard as part of a digital payments partnership in Asia. The Japanese investment giant has signed a deal to buy five-year convertible bonds in Wirecard, equating to roughly 5.6 per cent of the firm’s stock, at €130 per share. Read more: Wirecard shares soar [...]
Sunday evening now ‘prime’ spot for TV advertisers as viewers flock to hit dramas April 24, 2019 Sunday is now the most effective time for TV advertising in the UK, as hit drama series help boost audience engagement. New data from TV and radio analytics firm Admo.tv reveals more TV ad spots air on Sunday than any other day of the week, while adverts on this day also drive more web traffic. [...]
UK digital advertising spend jumps to £13bn as brands opt for smartphone ads April 24, 2019 Digital advertising spend hit £13.4bn last year as smartphone adverts overtook desktop for the first time, new figures have revealed. Data from digital advertising body IAB and PwC show UK ad spend jumped 15 per cent in 2018 amid a boom in digital formats. Read more: Digital advertising firm Teads posts double-digit revenue rise Ad [...]
Nike to move UK headquarters to new King’s Cross building April 23, 2019 Nike will move its UK headquarters from Soho to a new building in a major redevelopment in King’s Cross. The US firm has signed a deal to lease at least 60,000 square feet in an 11-storey block in the upcoming area, the Evening Standard reported. The company is currently headquartered on Wardour Street in Soho, [...]
Digital publishing revenues rise as video and display formats drive growth April 23, 2019 Digital publishing revenues rose almost seven per cent last year as publishers shift their focus towards video formats. Figures from the Association for Online Publishing (AOP) and Deloitte reveal UK revenues rose 6.8 per cent to £511.5m in 2018. Read more: Google hands out €500,000 for local publishers’ project The growth was driven largely by [...]
Twitter profits triple as it reaps rewards of crackdown on harmful content April 23, 2019 Shares in Twitter rose more than 16 per cent today after the social media platform posted a threefold increase in first-quarter profits. Read more: Twitter boss Jack Dorsey was paid just $1.40 in 2018 The figures Revenue grew 18 per cent year-on-year to $787m (£605m) in the three months to the end of March. Net [...]
BT’s Italian accounting fraud linked to London, investigation reveals April 23, 2019 A criminal investigation into BT’s Italian division has uncovered a string of damning emails linking UK executives to alleged accounting fraud in the country. Emails seized by police and seen by Reuters appear to show that senior executives in the UK were involved in artificially inflating financial results for BT’s Italian business, despite the fact [...]
Which consumer survey reveals UK’s worst mobile network providers April 23, 2019 Vodafone has been ranked the UK’s worst mobile operator as big-name providers continue to lag behind their smaller rivals. Vodafone was rated the worst network, while O2 and EE completed the bottom three, according to the latest survey from consumer group Which. Read more: Vodafone broadband advert banned by watchdog for misleading consumers Virtual network [...]
Thomas Cook shares take off on reports of takeover talks April 23, 2019 Shares in Thomas Cook jumped as much as 17 per cent this morning on reports it has held preliminary takeover talks with a string of potential suitors. Read more: Thomas Cook holds preliminary talks with suitors about potential takeover The sharp uplift in share price came after it emerged the firm has received enquiries from [...]
Sir Martin Sorrell’s S4 Capital hits back at reports of Holland legal battle April 23, 2019 Sir Martin Sorrell’s advertising firm S4 Capital has denied reports it is facing legal action in Holland over its takeover of creative agency Media Monks. Read more: S4 Capital revenues soar as it bags top clients A report in the Sunday Times stated a former Media Monks investor, Rogier Schalken, was taking the Dutch firm [...]
