Activist Nelson Peltz lifts stake in Disney as shares near decade low October 9, 2023 Activist investor Nelson Peltz has reportedly raised his fund’s stake in Disney and is eyeing multiple seats on the board for himself and his underlings. Trian Fund Managament, founded by billionaire Peltz in 2005, has increased its stake in the Mickey Mouse creator to more than $2.5bn (£2bn), according to a Wall Street Journal report [...]
Cyber attack hits electronics firm Volex October 9, 2023 A cyber attack has hit electronic manufacturer Volex, opening the door to unauthorised access to some of its IT systems.
Raspberry Pi eyes £409m London IPO and says need for US float is ‘overblown’ October 8, 2023 Raspberry Pi, which makes beginner-friendly coding computers, is exploring a potential London float, which could see the company valued at over £409m.
LBC boss says commercial radio must ‘explore new avenues’ October 8, 2023 On its 50th anniversary, commercial radio is thriving, but the chief of a leading UK radio station has said it must stay on its toes if it wants to remain successful for another half a century. “The future of commercial radio should be continuously exploring new avenues and embracing creative approaches so we remain a [...]
Young people turning to Tiktok for financial advice as FCA weeds out bad actors October 8, 2023 Young people are increasingly turning to social media sites, such as Instagram and Tiktok, for financial advice, a new survey has revealed.
Canva designs new AI tools aimed at blue-chip giants — and small charities October 5, 2023 Canva, the graphic design powerhouse, is trying to entice large businesses with a new arsenal of artificial intelligence (AI) tools. Duncan Clark, head of Canva in Europe, revealed that the Australian firm has witnessed “astronomic growth” across companies of all sizes, including blue-chip giants. Canva brought in revenues of $1.7bn (£1.4bn) in the past year, [...]
CMA launches probe into £7.5bn UK cloud market following Ofcom study October 5, 2023 Britain's competition watchdog has launched an investigation into the UK's cloud market after an Ofcom study found competition issues.
New Google Pixel 8 phones suggest step forward, say analysts October 4, 2023 A trickle of leaks and teasers had already primed expectations for Google’s launch of its new Pixel 8 and Pixel 8 Pro phones, as well as Pixel Watch 2 and Pixel Buds Pro. At an event live-streamed from New York on Wednesday, the tech giant said its new Pixel phones have brighter screens, upgraded cameras [...]
Spotify turns new page with audiobook deal to rival Amazon October 4, 2023 Spotify has inked deals with major publishers to bring audiobooks into its ever-expanding audio empire. Starting today, paying subscribers in the UK and Australia can listen to 15 hours of audiobooks on the Swedish streaming platform at no extra cost. Plans for a US launch are close by in the pipeline. Spotify users can pay [...]
UK cinemas hope to cash in as Taylor Swift’s Eras Tour hits the screens October 4, 2023 Boosting economies of entire countries with their world tours was not enough for Taylor Swift and Beyonce. Now they are giving cinemas a slice of their success.
