Government looks to expand dormant assets scheme to help good causes February 21, 2020 The government today outlined plans to expand the dormant assets scheme in a move that could unlock hundreds of millions of pounds for good causes across the UK. Under the current scheme, banks and building societies can opt to donate funds to good causes from accounts that have been untouched for 15 years or more [...]
Sorry! Justin Bieber’s details leaked in huge MGM Resorts hack February 20, 2020 Popstar Justin Bieber and Twitter founder Jack Dorsey are believed to be among 10.6m people who had their data leaked after MGM Resorts was hacked last year. Names, addresses and passport numbers featured among the details stolen from former guests of the chain, which owns a string of hotels in Las Vegas and around the [...]
O2 revenue rises for third year running as it beefs up customer base February 20, 2020 O2 has posted its third consecutive year of revenue and profit growth as the mobile network continued to expand its customer numbers. Revenue rose 3.8 per cent to hit £6.2bn in the year to the end of December, while operating income was up 2.3 per cent to £1.9bn. The growth was driven by a continued [...]
London media hub Outernet signs video production deal with Ridley Scott February 20, 2020 London entertainment hub Outernet Global today said it has inked a deal with veteran filmmaker Ridley Scott to launch a new development and production platform for branded content. Outernet, which is due to open in December, has teamed up with the Ridley Scott Creative Group to provide early-stage funding for visual content producers. The initiative, [...]
UK live entertainment sector poised for £2.3bn 5G boost February 19, 2020 The UK’s live entertainment industry could be given a boost of as much as £2.3bn over the next 10 years thanks to a raft of benefits brought by 5G, new research has revealed. Figures compiled by O2, seen exclusively by City A.M., showed consumer spending on live music and sports events could surge in the [...]
US film company plots launch of UK’s largest studio complex February 19, 2020 A US-based film company has today unveiled plans to create the UK’s largest purpose-built studio complex as the British film industry’s gold rush shows no signs of slowing down. Blackhall Studios has inked a £150m deal with the University of Reading to build 1m square feet of sound stages and digital production facilities in a [...]
Tiktok launches family mode in latest bid to improve user safety February 19, 2020 Tiktok today unveiled a new feature aimed at helping parents and guardians keep their children safe, marking the social media platform’s latest effort to fight off concerns about harmful material. The video-sharing app’s family safety mode will link a parent’s Tiktok account to their teenager’s, allowing them to control a range of features remotely. Parents [...]
Apple supply chain sinks into red on coronavirus fears February 18, 2020 Shares in Apple slipped more than two per cent in afternoon trading while its suppliers around the globe were dragged into the red after the tech giant warned the coronavirus outbreak would impact its quarterly targets. The iPhone maker last night told investors that it would not meet its revenue forecast of between $63bn (£48bn) [...]
German healthcare firm eyes bid for rehab specialist Priory Group February 18, 2020 A German healthcare firm backed by US private equity giant Carlyle is entering the race to snap up rehab clinic owner Priory Group for roughly £1.2bn. City A.M. understands that Schoen Klinik, which employs almost 11,000 people, is among a pack of bidders vying to take over the Priory chain from its American owner Acadia [...]
Mobile provider Three taps Cityfibre for 5G rollout February 18, 2020 Mobile operator Three today announced that it has chosen challenger broadband firm Cityfibre to help build its 5G network. The deal means Cityfibre will be Three’s preferred provider of digital infrastructure for its network outside London. The first phase of the agreement will connect the mobile company’s 5G network in 23 cities where the broadband [...]