Apple staff called back to the office for three days a week June 3, 2021 Apple employees must return to the office for three days a week from September, chief executive Tim Cook has said, as the tech giant signalled an end to the work-from-home era. In a company-wide memo, the Apple boss said: “For all that we’ve been able to achieve while many of us have been separated, the [...]
Boris Johnson’s Spamalot: Conservative Party fined £10,000 over nuisance emails June 3, 2021 The Conservative Party has been fined £10,000 for sending dozens of marketing emails to people who did not want to receive them. Data watchdog the Information Commissioner’s Office (ICO) opened a probe into the party over 51 emails sent in Boris Johnson’s name over the eight days after he was elected prime minister in July [...]
Backlash over Russian oligarch’s £1bn UK broadband bet June 3, 2021 Campaigners have called for greater scrutiny over foreign investment in the UK telecoms market after a Russian oligarch backed a £1bn plan to upgrade the country’s broadband network. Letter One, an investment company founded by billionaire Mikhail Fridman, is a key investor in a project by new broadband firm Upp to deploy full-fibre connections in [...]
David Beckham scores stake in UK electric vehicle firm Lunaz June 3, 2021 David Beckham may be known for his impressive collection of classic cars, but the former England footballer is now swapping gas-guzzlers for electric vehicles. The maverick midfielder has taken a 10 per cent stake in Lunaz, a Silverstone-based company that electrifies classic cars such as Bentleys, Rolls-Royces and Jaguars. He joins a star-studded teamsheet of [...]
Watchdog clears Ebay’s $9.2bn classified ads deal with Adevinta June 3, 2021 The competition watchdog has cleared Ebay’s $9.2bn (£6.5bn) sale of its classified ads business to Norwegian rival Adevinta. In March the two companies said they would sell off three British divisions to secure regulatory approval for the tie-up. Adevinta said it will divest Shpock, while US ecommerce giant Ebay will sell Gumtree and Motors.co.uk. The [...]
AMC cinema shares skyrocket as it woos traders with free popcorn June 3, 2021 Shares in cinema chain AMC nearly doubled yesterday, extending a strong rally and marking a potential return to the meme stock craze that roiled markets earlier this year. The cinema group’s shares closed up 95 per cent at $62.55 — a new record high. Its market value is now more than $28bn, more than Viacom [...]
Free coding school 01 Founders launches in London with tech job guarantee June 2, 2021 A free two-year coding school that offers students a guaranteed job at a top tech firm has launched in London. 01 Founders is now accepting applications for its first school in the capital, where learners are offered two years of on-campus training with zero tuition fees followed by two years of employment. The coding push [...]
Reality TV stars’ Instagram debt ads banned by watchdog June 2, 2021 Instagram posts by three reality TV stars promoting a debt advice service claiming it could wipe out 85 per cent of people’s debt have been banned by the advertising watchdog. Geordie Shore’s Chloe Ferry, Helen Briggs from Ex On The Beach and Towie’s Myles Barnett, who have more than 4m followers between them, all posted [...]
Etsy targets Gen Z fashionistas with $1.6bn Depop takeover June 2, 2021 Etsy is buying second-hand fashion resale platform Depop for $1.6bn (£1.1bn) as it looks to attract younger shoppers. London-based Depop, which was founded in 2011, has become wildly popular among Gen Z shoppers, with more than 90 per cent of its users under the age of 26. Last year the company booked gross revenue of [...]
ITV returns to the FTSE 100 amid summer rebound hopes June 2, 2021 ITV is set to return to the FTSE 100 this month after its shares staged a major rebound since its lows at the height of the pandemic last year. The broadcaster was kicked out of the top flight of the index in September after a major slump in advertising and the cancellation of summer hit [...]
