ECSC revenues jump as it grows client base amid cyber security concerns March 13, 2019 Cyber security firm ECSC has posted a huge increase in revenues as it cashes in on new regulation and growing concerns about cyber attacks. Read more: Avast secures strong results as chief executive steps down The figures Revenue surged 35 per cent to £5.4m. Gross profit increased 67 per cent to £2.7m. Adjusted earnings before interest, [...]
Manx Telecom eyes global expansion as it reveals £255m takeover offer March 13, 2019 Isle of Man mobile and broadband provider Manx Telecom saw its shares jump almost 15 per cent this morning after posting a modest rise in revenues for the full year as it announced a £255m takeover. Read more: Manx Telecom on track to hit revenue growth targets The figures Revenue rose 3.8 per cent from [...]
Avast shares drop as CEO prepares to step down despite cyber fears pushing profits up March 13, 2019 Cyber security firm Avast saw its shares fall more than five per cent this morning after it announced chief executive Vince Steckler will step down later this year. Read more: Avast sets sail on substantial maiden results The figures Avast’s revenue rose 24 per cent from $652.9m (£498m) to $808.3m. Operating profit doubled from $124.3m [...]
Consumers hurt by lack of tech giant regulation, independent review finds March 13, 2019 Tech giants do not face enough competition and new laws are required to increase consumer choice in the digital sector, an independent review has found. The report, which was commissioned by chancellor Philip Hammond, states tech firms have become increasingly dominant in the market, limiting the control consumers have over their personal data. Read more: [...]
Merkel insists Germany has its own standards after US warning on Huawei March 12, 2019 German Chancellor Angela Merkel has hit back at a warning from the US over the use of Huawei 5G equipment, saying Germany will set its own security standards for the new network. “Security, particularly when it comes to the expansion of the 5G network, but also elsewhere in the digital area, is a very important [...]
Property developer Weston buys Watford Laundry Factory for £85m March 12, 2019 Property developer Weston Homes has bought the historic Watford Laundry Factory for £85m as it begins work on a new residential development. The company will transform the site into a new scheme providing 227 new homes and a new commercial facility. The Watford Laundry Factory was founded in 1907 and has a long history of [...]
EU drops plans for digital tax as pressure builds for global reform March 12, 2019 The EU has scrapped plans to roll out a digital tax on tech giants due to opposition from several member states. Romanian finance minister Eugen Teodorovici today told representatives of EU governments the plan has been axed as no agreement could be reached after months of talks, Reuters reported. Read more: EU digital tax could [...]
US warns Germany it will cut intelligence sharing if it does not block Huawei March 12, 2019 The US has told Germany it will cut back intelligence sharing with its spy agencies if the country does not ban the use of Huawei’s equipment in its 5G network. The warning came in a letter from the US ambassador to Germany dated Friday, the Wall Street Journal reported. Read more: China backs Huawei's bid [...]
Equality regulator launches probe into BBC over equal pay scandal March 12, 2019 The BBC will face a formal investigation by the equality regulator following complaints female employees were not paid as much as men for the same work. The Equality and Human Rights Commission (EHRC) today said it has opened a probe into the broadcaster’s historical policy and pay practices and will look at formal and informal [...]
Ocean Outdoor buys two Dutch digital out-of-home agencies for €51m March 12, 2019 Digital advertising firm Ocean Outdoor has snapped up two Dutch out-of-home firms in a deal worth roughly €51m (£43.5m). Ocean, which manages major outdoor advertising venues such as Piccadilly Lights and Westfield, has acquired the combined portfolio of Interbest and Ngage Media, which operate across the Netherlands. Read more: Firm behind iconic Piccadilly Lights floats [...]
