WPP appoints Microsoft chief executive Cindy Rose to the board March 12, 2019 Advertising group WPP has appointed Microsoft UK chief executive Cindy Rose to its board as a non-executive director, the company said today. Rose, who has held a string of high-profile jobs in the media and technology sectors, will join the firm from the beginning of April and will serve as a member of the audit [...]
World Wide Web: Google Doodle marks 30th anniversary of Sir Tim Berners-Lee’s invention March 12, 2019 It’s become such a fundamental part of our daily lives that it’s now almost impossible to imagine a world without the World Wide Web. But on 12 March 1989 the system we've come to rely on across the glove was just an inchoate proposal for an information management system, written by 33-year-old software engineer Tim [...]
Google paid $105m to two executives accused of sexual harassment March 12, 2019 Google paid a total of $105m (£79m) to two executives after they were accused of sexual harassment, according to court documents released last night. The lawsuit, filed by shareholder James Martin, confirms previous reports that Android creator Andy Rubin was paid $90m after he allegedly coerced sex from a colleague. Read more: Fintech superstar Marta [...]
Eve Sleep announces boardroom overhaul as results fall short of expectations March 12, 2019 Eve Sleep has announced sweeping changes to its management team as its full-year results fell short of market expectations. The figures Group revenue grew 25 per cent to £34.8m. Gross profit jumped 15 per cent to £18.4m. Statutory loss before tax deepened from £19m to £20.3m. Net cash dropped more than 20 per cent to [...]
Online gambling firm 888 grows profits after year of strong expansion March 12, 2019 Online gambling firm 888 has posted double-digit growth in profit before tax for the full year, despite a small decline in revenue. The figures Adjusted profit before tax increased 11 per cent to $86.7m (£65.6m). Revenue declined by two per cent to $529.9m. Adjusted earnings before interest, tax, depreciation and amortisation was up six per cent [...]
Greystar, PSP and Allianz buy Shoreditch student housing scheme for £160m March 11, 2019 Property giant Greystar has led a consortium of buyers that has snapped up a student accommodation project in Shoreditch from investment firm Apache Capital for £160m. Greystar, alongside partners Public Sector Pension (PSP) Investments and Allianz Real Estate, has exchanged contracts to acquire the Paul St. East development. Read more: Greystar and Henderson Park snap [...]
MPs urge Ofcom to hold mobile operators to account on rural 4G March 11, 2019 MPs have written to Ofcom calling on the regulator to ensure mobile operators fulfil their obligations to boost 4G coverage in rural areas. The all-party parliamentary group (APPG) on rural business welcomed Ofcom’s commitments for 90 per cent geographic coverage by all four networks across the UK. Read more: Customers can walk out of slow [...]
Telecom Italia investor Elliott calls for shareholder support amid row with Vivendi March 11, 2019 The bitter dispute between two Telecom Italia shareholders deepened today as activist investor Elliott urged shareholders to back its plan ahead of a crucial meeting this month. US investment fund Elliott is locked in a power struggle with fellow investor Vivendi over the future of the struggling Italian telecoms firm. Read more: Telecom Italia warns [...]
Luxury retailer Farfetch to merge Chinese business with JD.com March 11, 2019 Luxury fashion retailer Farfetch will merge its China sales platform with ecommerce giant JD.com before the end of the year as it looks to cash in on growing demand for luxury goods in the country. The merger, first announced last month, comes after the London-based firm bought Toplife, JD.com’s luxury fashion venture. Read more: Chinese [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]
