‘Chicken king’ Boparan to close a third of Giraffe and Ed’s Diner restaurants March 4, 2019 Giraffe and Ed’s Diner have become the latest casualties in the struggling casual dining sector after the restaurant chains’ owner said it will close a third of their branches. The Boparan Restaurant Group (BRG), which is owned by ‘chicken king’ Ranjit Singh Boparan, is widely reported to have entered a company voluntary arrangement (CVA) that will [...]
New 5G app gives smartphone users insight into lives of connected cows March 4, 2019 Tech nerds and bovine enthusiasts will now be granted an insight into the everyday life of cows thanks to a new app that connects cattle to 5G. The smartphone app, called Me + Moo, allows users to select their own connected cow and receive daily updates beamed via 5G sensors on the farm. Read more: Arm [...]
Huawei said to be planning lawsuit against US government over product ban March 4, 2019 Chinese telecoms giant Huawei is set to sue the US government for banning federal agencies from using its products, the New York Times reported, citing people familiar with the matter. The lawsuit, which will be filed in the Eastern District of Texas, will likely accuse the US of enacting a so-called bill of attainder, which [...]
Daily Mail shares jump following Euromoney shareholder giveaway March 4, 2019 Shares in newspaper group Daily Mail and General Trust (DMGT) jumped more than five per cent this morning after the company said it would return shares to shareholders. The company last night said it would return its 49 per cent stake in business media group Euromoney, along with £200m in cash, to certain DMGT shareholders. [...]
Online gambling firm 888 buys Bet Bright’s sports betting platform for £15m March 4, 2019 Online gambling company 888 has snapped up Bet Bright’s sports betting platform in a deal worth £15m, the company said today. 888 said the deal, which will give it full control over Bet Bright’s technology and product development, will enhance its long-term prospects in the global sports betting market. Read more: 888 goes all in [...]
Pearson to unveil £500m pension insurance deal with Legal & General February 21, 2019 Publishing giant Pearson is set to announce a £500m deal with Legal & General (L&G) in a bid to shore up its pensions liabilities, Sky News reported. The FTSE 100 firm, which specialises in education, will announce the deal tomorrow alongside its annual results, according to the report. Read more: Pearson sells US school textbook [...]
Flybe completes sale to Virgin-led consortium after dramatic last-minute challenger bid February 21, 2019 Struggling regional airline Flybe has completed the sale of its assets to a consortium of buyers led by Virgin Atlantic. Flybe confirmed it has sold its assets and operations for £2.8m to Connect Airways, an investor group consisting of Virgin Atlantic, Stobart and hedge fund Cyrus Capital. The deal comes just days after it emerged [...]
Huawei ramps up $2bn plan to address security worries as global pressure mounts February 21, 2019 Huawei has ramped up its $2bn (£1.5bn) project to address British security concerns as pressure mounts on the Chinese firm over spying fears. The tech giant will present its plan to resolve the problems by the end of the first half of this year and may fork out more than the $2bn originally set aside, [...]
Trump urges US businesses to step up 5G and ‘6G’ networks February 21, 2019 US President Donald Trump sparked confusion today as he appeared to soften the country’s stance towards Huawei and called for the rollout of ‘6G’ technology. In a series of tweets, Trump urged US businesses to step up the move to 5G technology and called for the adoption of 6G – which does not exist – [...]
Apple and Goldman Sachs set to launch joint credit card in bid to win over iPhone users February 21, 2019 Apple is reportedly teaming up with Goldman Sachs to launch a joint credit card to help customers manage their finances through their iPhone. The joint venture will allow iPhone users to link the card with the Apple Wallet app, allowing them to better track spending and earn rewards, the Wall Street Journal reported, citing sources familiar [...]