Internet ads to make up half of global media spend by 2020 as mobile use surges May 28, 2019 Internet advertising formats are set to account for more than half of all media spend worldwide for the first time next year as mobile continues to drive growth, new data has revealed. Figures published by industry body Warc showed online advertising will account for 48 per cent of all media spend – roughly $298.1bn (£228.2bn) [...]
Sluggish economic growth to continue as demand for lending falls May 28, 2019 The UK economy’s sluggish growth shows no signs of letting up, with all three major lending classes set to grow less than two per cent this year, new figures have revealed. Despite an uptick in real incomes, demand for consumer credit is forecast to grow just 1.6 per cent this year and two per cent [...]
Less than one per cent of cyber crimes lead to prosecution, report states May 28, 2019 Less than one per cent of cyber crimes result in prosecution, new figures have revealed, highlighting the difficulty of tracking down online hackers. There were 65 prosecutions for computer hacking in the UK last year, up 38 per cent on the 47 recorded in 2017, according to City law firm RPC. But the figures still [...]
Top UK restaurants fall to £82m loss as casual dining sector feels the heat May 27, 2019 The UK’s top restaurant chains fell to a loss of £82m in the last year as they struggle to stay afloat in the increasingly competitive casual dining sector. The top 100 restaurant groups fell to the hefty loss in the year to the end of March, compared to a pre-tax profit of £102m the previous [...]
Galliford Try rejects takeover bid from rival Bovis Homes May 27, 2019 Housebuilder Galliford Try has rejected a takeover bid from rival Bovis Homes, saying the offer undervalued the firm’s business and was not in the interests of shareholders. Read more: Bovis Homes Group in talks with Galliford Try over housebuilding merger Galliford Try confirmed it had received an offer from Bovis for its Linden Homes and [...]
Huawei founder Ren Zhengfei says China should not retaliate over US trade ban May 27, 2019 Huawei’s founder has slammed US President Donald Trump over new trade restrictions on his firm, but insisted China should not retaliate against the measures. Ren Zhengfei admitted new laws effectively banning US companies from doing business with Huawei would hamper the firm’s growth, but said Beijing was unlikely to retaliate against American rival Apple. Read [...]
Uber launches electric bike-sharing scheme Jump in London May 24, 2019 Uber today launched an electric bike-sharing service in London in the firm's latest attempt to expand its transport offering beyond cars. The ride-hailing app has rolled out the a pilot scheme of 350 bikes in Islington, with plans to expand into other London boroughs in the coming months. Read more: Uber facing £1bn VAT tax [...]
China warns of trade repercussions after Huawei ban May 23, 2019 Top Chinese officials today ramped up the rhetoric against Western governments amid a raging dispute over Huawei, warning attempts to block trade with the tech giant could backfire. A senior Chinese diplomat warned there could be “substantial” repercussions on the country’s investment in the UK if the government decided to ban Huawei from 5G networks. [...]
Wikipedia to fight Turkey ban in European human rights court May 23, 2019 Wikipedia is taking Turkey to the European Court of Human Rights as it seeks to overturn a blanket ban on its website in the country. The Wikimedia Foundation, the charity behind the online encyclopaedia, said it has filed an application with the Strasbourg court in a bid to lift the block, which was established more than [...]
Irish data privacy watchdog launches probe into Google Ad Exchange May 22, 2019 The Irish data privacy watchdog has launched an inquiry into Google over the way it collects data for online advertising. Read more: Huawei accuses US of bullying as it fights back against Google ban The Data Protection Commission (DPC) said it has set up the probe to establish whether Google’s use of personal data is [...]
