HPE buys supercomputer firm Cray for $1.3bn May 17, 2019 Hewlett Packard Enterprise (HPE) has acquired US supercomputer manufacturer Cray in a huge takeover deal worth roughly $1.3bn (£1bn). HPE said it has signed a deal to buy the Seattle-based firm for $35 per share in cash, a premium on its closing price yesterday of $29.81. Read more: Ex-HP boss 'did not read all Autonomy [...]
Cyber criminals face travel bans and freeze on assets under new EU sanctions May 17, 2019 Cyber criminals will be hit with tough new sanctions under a new regime agreed today by EU member states. Read more: Being 95 per cent cyber-secure just isn’t good enough Attackers will be given travel bans and have their assets frozen as governments roll out new measures to crackdown on the rising problem of cyber [...]
Magazine publisher TI Media sells NME and Uncut to Bandlab Technologies May 17, 2019 Magazine publishing group TI Media has sold NME and Uncut to social media content platform Bandlab Technologies. The media firm, which owns a host of well-known UK magazines, today said it has agreed to sell the two music titles and all associated social, digital and print assets for an undisclosed sum. Read more: TI Media [...]
Eurozone core rate revised up as inflation hits estimates May 17, 2019 Eurozone prices rose by 1.7 per cent in April, in line with previous forecasts, while core inflation beat expectations. Consumer prices in the bloc rose 1.7 per cent higher year-on-year from 1.4 per cent in March, according to EU statistics agency Eurostat. Read more: Eurozone trade surplus grows in sign of recovery for struggling area [...]
BT has spent years redesigning its logo and Twitter hates it May 17, 2019 BT is set to unveil its new logo after years of planning, but the internet's reaction won't have delighted bosses at the telecoms giant. Earlier this week the telecoms giant filed a trademark application with the Intellectual Property Office for a new, minimalist logo depicting the letters “BT” in a circle as new chief executive [...]
Shares in media group Future jump as acquisitions fuel record half-year results May 17, 2019 Shares in media company Future jumped as much as seven per cent in early trading after it posted a record rise in revenue and profit for the half year. Future, which owns magazine titles including Four Four Two and Tech Radar, reported a 103 per cent rise in revenue to £108.7m in the six months [...]
China threatens to strike back after US Huawei ban May 16, 2019 China has threatened to retaliate against the US after President Donald Trump signed an executive order effectively blocking American companies from working with telecoms firm Huawei. Foreign ministry spokesperson Lu Kang slammed the use of unilateral sanctions on Chinese firms and said the country would take action. Read more: Former spy chief calls for UK [...]
Accounting software firm Xero grows revenue thanks to strong UK performance May 16, 2019 Accounting software company Xero has posted a sharp rise in revenue for the full year, boosted by strong subscriber growth in the UK. Read more: Financial app store provider OpenFin backed in $17m funding round The figures Operating revenue soared 36 per cent to 552.8m New Zealand dollars (£267.9m) in the year to the end [...]
BT staff to be handed £50m in shares as new boss overhauls image May 16, 2019 BT will hand out £50m in shares to staff every year as the telecoms firm’s new boss embarks on a plan to turn around its tarnished image. Chief executive Philip Jansen today unveiled the company’s new ‘yourshare’ scheme, which will amount to roughly £500 per employee per year. Read more: BT boosts profits under new [...]
Magazine publisher TI Media taps media veteran Tim Weller as new chairman May 16, 2019 The magazine publisher behind Horse & Hound and Country Life has appointed media veteran Tim Weller as its new chairman. Read more: Trump pardons fraudster media mogul Conrad Black City A.M. understands Weller, a prolific media entrepreneur, has joined TI Media, which is the UK’s biggest consumer magazine publisher The media boss has been recruited by Epiris, [...]