Microsoft hack: Biden sets up emergency taskforce as EU banking regulator hit March 9, 2021 US President Joe Biden has launched an investigation into a widespread cyber attack on Microsoft’s email services that may have compromised tens of thousands of businesses. The attack, which was first uncovered last week, has taken advantage of previously undiscovered vulnerabilities in Microsoft’s mail server software to potentially gain access to swathes of organisations in [...]
Virgin Games and Monopoly Casino owner Gamesys cashes in on pandemic betting March 9, 2021 The company behind gambling brands Virgin Games and Monopoly Casino today posted a sharp rise in revenue and profit as it cashed in on increased betting during the pandemic. London-listed Gamesys posted revenue of £727.7m in 2020, an increase of 75 per cent on the previous year. Adjusted net profit surged 86 per cent to [...]
Money talks: ITV attracts 11.1m viewers for Oprah’s Meghan and Harry interview March 9, 2021 ITV last night racked up a bumper 11.1m viewers for the eagerly-awaited Oprah Winfrey interview with Meghan Markle and Prince Harry. The tell-all interview, which aired at 9pm last night, peaked at 12.4m viewers as Brits flocked to watch the couple make explosive claims about the royal family. The figures make Oprah with Meghan and [...]
Video game maker Tinybuild debuts in record £340m Aim listing March 9, 2021 Video game maker Tinybuild has become the largest ever US company to list on Aim after its shares debuted on London’s junior index this morning. The Seattle-based company, which owns a portfolio of more than 40 PC game titles, secured a market capitalisation of £340m following its float this morning. This marks the largest ever [...]
ITV warns on ‘challenging’ ad market as pandemic hits profit March 9, 2021 ITV today warned that the advertising market remained “challenging” as it reported sharp falls in revenue and profit due to the impact of the pandemic. The London-listed firm, which last night aired Oprah Winfrey’s eagerly-awaited interview with Prince Harry and Meghan Markle, posted a 16 per cent drop in total revenue to £2.8bn in 2020. [...]
Vodafone aims to raise €2.8bn in masts stock market float March 9, 2021 Vodafone today said it is aiming to raise €2.8bn (£2.4bn) from an initial public offering of its mobile masts business later this month. The mobile network is set to float Vantage Towers in Frankfurt on or around 18 March as it looks to cash in on its lucrative infrastructure assets. It priced the listing at [...]
Zoom founder Eric Yuan cashes in $6bn of shares March 9, 2021 Zoom boss Eric Yuan has transferred about 18m of his shares worth roughly $6bn (£4.4bn), according to a regulatory filing. Yuan, who set up the video conferencing app in 2011, transferred roughly 40 per cent of his stake in the company to unspecified beneficiaries. The transfers were done in two tranches of about 9m shares [...]
More than 1m small businesses ‘at risk of collapse’ due to cyber threats March 9, 2021 The government has been urged to pump more money into cyber defences after new research revealed that more than 1m small businesses would collapse if they were targeted by hackers. A poll of more than 500 business leaders found nearly a quarter of UK SMEs — equivalent to 1.3m companies — were likely to go [...]
Banking stocks boost FTSE 100 but bond sell-off dents Nasdaq March 8, 2021 FTSE 100 starts week on high, boosted by banking stocks
Goldman-backed broadband firm Cityfibre plots major stake sale March 8, 2021 Challenger broadband firm Cityfibre is preparing the sale of a major stake to a new investor in a deal said to be worth hundreds of millions of pounds The London-based company has tapped bankers at UBS and Rothschild to identify a third backer, Sky News reported. The buyer would join the two existing investors West [...]
