Ocean Outdoor lands £30m Canary Wharf advertising contract August 23, 2021 Advertising group Ocean Outdoor has secured a lucrative contract to operate out-of-home media services for Canary Wharf Group. London-listed Ocean has renewed its deal to run digital screens and billboards in the financial hub, landing a new long-term contract worth £30m. The agreement means the company will retain exclusive rights to sell 40 full-motion digital [...]
Mitie offloads document management business in £40m deal August 23, 2021 Mitie today said it has agreed to sell its document management business to Swiss Post Solutions (SPS) for £40m. Mitie Document Management pulled in revenue of £48m and earnings before interest, tax, depreciation and amortisation of £4.2m in the year to the end of March. The FTSE outsourcing group, which operates cleaning and security for [...]
WPP snaps up delivery tech firm Satalia in AI push August 23, 2021 WPP has snapped up a London-based tech firm specialising in home delivery services in a move that will boost the ad giant’s artificial intelligence offering. The FTSE media group today said it had acquired Satalia, which is one of the UK’s fastest-growing tech companies and serves major clients such as BT, Tesco and Unilever. Following [...]
Elon Musk sets sights on October opening for new Tesla Berlin factory August 13, 2021 Tesla hopes to make the first cars at its new gigafactory near Berlin in October or soon afterwards, boss Elon Musk has said. The electric car giant has pushed back its planned opening of the plant to late 2021, blaming German bureaucratic hurdles. The £5bn project has also come under fire from locals due to [...]
UEFA close to €6bn aid package for European football clubs August 13, 2021 UEFA is reportedly close to signing off on a rescue package worth up to €6bn (£5.1bn) to help European football teams recover from the pandemic. The funding is part of a proposed three-part strategy by the governing body, to be outlined in the coming weeks, aimed at helping clubs following stadium closures and a sharp [...]
US consumer sentiment plummets to decade low August 13, 2021 US consumer sentiment fell sharply this month to its lowest level in a decade in a worrying indication of Americans’ outlook on economic recovery. The University of Michigan’s preliminary consumer sentiment index fell to 70.2 in the first half of August from a final reading of 81.2 in July. That was the lowest level since [...]
Russia to expel BBC journalist in ‘symbolic deportation’ August 13, 2021 Russia has told a BBC journalist working in Russia to leave the country by the end of the month in what it described as a “symbolic deportation”. In a sign of further tensions between the two nations, Russian state media reported that Sarah Rainsford, one of the broadcaster’s two English-language Moscow correspondents, will be expelled [...]
Afghanistan: Boris Johnson to hold emergency Cobra meeting as crisis worsens August 13, 2021 Prime Minister Boris Johnson will convene an emergency Cobra meeting this afternoon over the escalating crisis in Afghanistan. The UK last night said it will deploy around 600 troops to the country to help evacuate British nationals as the Taliban continues its rapid advance. The militant group today took control of the southern city of [...]
Wework narrows losses amid hybrid working shift August 13, 2021 Office sharing startup Wework narrowed its losses in the second quarter as companies increasingly turn to hybrid working strategies after the pandemic. Net loss slipped to $922.5m (£666m) in the three months to the end of June, down from $1.1bn in the same quarter last year. Revenue for the period was $593m, down from $882m [...]
Plymouth shooting: Suspect’s hate-filled Youtube account taken offline August 13, 2021 A hate-filled Youtube account belonging to the suspect in a mass shooting that killed five people in Plymouth yesterday has been taken offline. The account, named Professor Waffle, included a number of videos by 23-year-old Jake Davison, who has been named locally as the gunman. It has now been removed and the page shows a [...]