Music streaming revenues overtake ownership for the first time amid shift to ‘rental’ market March 4, 2019 The popularity of subscription services reached record levels in the UK last year as music streaming revenues overtook ownership formats for the first time. Revenues from paid-for music subscription services such as Spotify jumped 39 per cent last year to £829m, meaning subscriptions now account for 62 per cent of all music revenues, according to figures [...]
UK digital advertising spend to grow to £15bn in 2019, report states March 4, 2019 Spending on digital advertising in the UK is set to grow to more than £15bn this year amid a boom in new digital marketing technology, a new report has revealed. Digital ad spend will enjoy double-digit growth in 2019 as the industry moves away from traditional media forms, according to the latest forecasts by Barclays [...]
FTSE boards do not understand the threat of cyber attacks, government warns March 4, 2019 Boards at some of the UK’s largest companies still do not fully understand the potential impact of a cyber attack, the government has warned. A report into FTSE 350 companies published today shows that while almost all firms have a cyber security strategy in place, just 16 per cent of boards have a comprehensive understand [...]
Trade body Portman Group cracks down on ‘offensive’ marketing of alcoholic drinks March 4, 2019 UK drinks body Portman Group has urged alcohol brands not to create ‘offensive’ adverts in a bid to crack down on discriminatory marketing in the industry. The trade group has laid out new rules to ensure a drink’s name, packaging and any promotional material does not cause serious or widespread offence, with producers urged to be careful [...]
‘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 [...]
