Digital tech sector now accounts for a fifth of all UK job vacancies June 12, 2019 Jobs in the digital sector now account for 20 per cent of all vacancies in the UK as the boom in the tech economy shows no signs of slowing down. There were 1.7m digital tech job openings across the country last year, with tech now a major employer across sectors in some of the UK’s [...]
Financial services jobs at risk amid rise of the robots June 12, 2019 As many as one in five jobs in the financial services sector could be replaced by robots within the next five years, a new survey has revealed. Research by KPMG and recruitment firm Harvey Nash showed the rapid rise of new technology such as automation and AI could remove the need for up to 20 [...]
Channel 4 grows revenue as it doubles down on digital June 11, 2019 Channel 4 has posted a modest rise in revenue for the year as it looks to shift its focus to digital viewing amid a “challenging” economic environment. The broadcaster reported a 1.5 per cent rise in revenue to £975m in 2018, as record digital revenue offset a decline in traditional viewing. Pre-tax profit hit £5m, [...]
Amazon overtakes Apple and Google as world’s most valuable brand June 11, 2019 Amazon has surged past tech rivals Apple and Google to be crowned the world’s most valuable brand. The e-commerce giant jumped in brand value by 52 per cent over the last year to reach $315.5bn (£405.9bn), according to the latest figures from WPP and Kantar. Read more: Amazon to deliver packages by drone ‘within months’ [...]
UK mobile operators urge government to clarify position on Huawei June 11, 2019 The UK must clarify its position on Chinese tech firm Huawei or risk losing its position as a world leader in the telecoms market, mobile operators will warn. In a letter to cabinet secretary Mark Sedwill, seen by the BBC, the firms will urge the government to reach a decision on whether or not Huawei [...]
5G subscriptions to hit 1.9bn in 2024 as operators race to roll out new networks June 11, 2019 The number of subscriptions to 5G mobile networks is expected to hit 1.9bn in 2024 as operators ramp up their deployment, according to a new report. Read more: Three becomes latest UK mobile operator to set 5G launch date Telecoms firm Ericsson said it has lifted its forecasts for 5G uptake over the next five [...]
Huawei does not make ethical judgements, says cybersecurity boss June 10, 2019 Huawei’s global head of cybersecurity has insisted the Chinese firm always complies with local laws, but denied it can be compared to companies operating in Nazi Germany. In a tense appearance in front of the Science and Technology Committee, John Suffolk said Huawei’s approach was to abide by local laws and not pass judgement on [...]
BBC to scrap free TV licence for millions of over-75s June 10, 2019 The BBC has announced it will scrap its blanket free TV licence scheme for over-75s and introduce a new, means-tested system. Millions of households will have to start paying the £154.50 annual fee to gain access to the BBC’s live and on-demand programming. Read more: BBC calls on top presenters for Tory leadership race debates [...]
Allied Minds boss steps down as it scraps bonus scheme after investor revolt June 10, 2019 US tech incubator Allied Minds has announced the departure of boss Jill Smith, as growing pressure from investors pushed the firm to overhaul its management structure and scrap its bonus scheme. Smith, who has served as president and chief executive for just over two years, has stepped down with immediate effect. Read more: London named [...]
Salesforce to buy Tableau Software in $15.7bn deal June 10, 2019 Salesforce has agreed to buy data analytics platform Tableau Software in an all-stock deal valued at $15.7bn (£12.4bn), the company said today. Read more: Salesforce’s venture capital arm raises second European tech fund at $125m Tableau shareholders will be given 1.103 shares in Salesforce, valuing the offer at $177.88 per share, a 42 per cent [...]
