Data watchdog targets social media with new Children’s Code August 25, 2021 The UK data watchdog is setting its sights on social media and gaming companies with new regulations to protect children that come into force next week. The Children’s Code brings in new rules around protecting data for online services such as apps, online games and web and social media sites likely to be accessed by [...]
Afterpay marketing costs double in bid to secure US payments market August 25, 2021 Australian transactions firm Afterpay has watched its losses widen in the past year, as it ramped up costs in a bid to secure the US market. Marketing costs more than doubled in the year to June, as the firm attempted to capitalise on the pandemic-induced buy now, pay later (BNPL) services boom – which accompanied [...]
Just Eat and ITV set to be booted from FTSE 100, while Morrisons and Meggitt could be added August 25, 2021 Takeaway delivery service company Just Eat Takeaway.com is set to be booted from the FTSE 100 after the index’s watchdog ruled it was a Dutch rather than a British company. FTSE Russell, the global index provider that recommends which listed companies should join or be removed from London’s premier index, ruled that Just Eat should [...]
Inmarsat bids farewell to Old Street as it takes up new City HQ August 25, 2021 Inmarsat will be leaving its iconic headquarters in Shoreditch to take up new office space in the City. The British satellite giant has pre-let 121,00 square feet at 50 Finsbury Square, marking an end to its towering presence on Old Street roundabout. The move is the latest example of downsizing by a major British company [...]
Anglo Pacific publishes lacklustre interim results as CEO steps down August 25, 2021 Anglo Pacific Group, a leading natural resources investment company, has published lacklustre interim results as its CEO announced he would step down. H1 results showed the year had gotten off to a mediocre start with total portfolio income falling by four per cent year on year from $24.10m in 2020 to $23.04m in 2021. The [...]
Afghanistan: Biden says US ‘on pace’ to meet evacuation deadline August 25, 2021 US President Joe Biden rules out any extension of US presence in Afghanistan, he said in a speech following the G7 emergency meeting. The evacuation efforts to evacuate people from Afghanistan are “on pace to finish” by the August 31st deadline. Biden rejected pleas from G7 leaders to extend the timeframe. “The sooner we finish [...]
Pension trustees warn Morrisons bidders of risk to retirement pots August 25, 2021 Private equity firms circling Morrisons have been warned buyouts would hinder its ability to support staff retirements by pension trustees. Trustees of pension assets worth £5.5bn said the proposed buyout would undermine the covenant protecting the retirement funds of members. Both Clayton, Dubilier & Rice and Fortress should offer improved financial security to scheme members [...]
Westminster needs to get a grip and learn some digital skills August 25, 2021 In the last year, the Queen convened her historic Privy Council by video, parliamentarians have voted online and the Cabinet has been meeting via Zoom. Even the hardened leaders of the country in Westminster and Whitehall have had to adapt to different ways of working because of Covid. This will be particularly useful as many politicians [...]
IBM UK CEO: Accept the future of hybrid working and look at what needs to be done to retain company culture August 25, 2021 The measures taken to minimise the impact of the pandemic have upended some long-held certainties; none more widespread than the move to remote working. What was initially seen as a stopgap measure to maintain business continuity during lockdowns has quickly become an established part of the daily routine for employees. Digitisation is changing everything around [...]
Science has been overrun with politics – it’s time to take it back August 25, 2021 At the onset of the Covid pandemic in February 2020, the pages of the Lancet, a very prestigious medical journal, carried a statement eulogising China and the efforts it had already made to deal with the virus. For the luminaries who signed the statement, no praise could be too high for the Chinese. They had [...]
