Keep the dream alive, and support a female-led business during lockdown October 29, 2020 When Kiera-Lorelle opened the doors to her new family business — Cinnamon Leaf foodhall in Tottenham, North London — she was full of hope: “It’s been a life-long dream of my mum’s to open a store.” That was back in January. Needless to say, the months since haven’t been easy. But Cinnamon Leaf has carried [...]
G4S slams ‘desperate’ Gardaworld takeover bid October 29, 2020 The chairman of G4S has said that rival firm Gardaworld, which is trying to engineer a takeover of the FTSE 250 group, “desperately needs” the bigger company to “realise its ambitions”. In a letter released to the market this morning, John Connolly called for shareholders to reject a 190p per share offer for the G4S, [...]
Golden age of tech: Value of European tech firms soar to €618bn October 29, 2020 The value of Europe’s tech firms has soared in the past five years signalling the start of a golden age of tech entrepreneurship on the continent. Technology has become somewhat of a safe haven for investors during the pandemic but figures from Dealroom indicate it is part of a longer trend. European tech companies are [...]
UK advertising market not set to recover until 2022 after Covid-19 crash October 29, 2020 The UK advertising market will not recover until 2022 after sinking to record lows this year as a result of the coronavirus outbreak. Ad spend is set to come in at £21.5bn this year, marking a fall of £3.6bn — or 14.5 per cent — compared to 2019. The figures come ahead of the crucial [...]
Tech bosses blasted by US politicians over content moderation October 28, 2020 The bosses of Facebook, Twitter and Google faced attacks from US Senators this afternoon during a fiery hearing over how tech firms moderate content on their platforms. The tech chiefs were grilled by a US Senate committee for more than three and a half hours over Section 230 of the Communications Decency Act, which protects [...]
Facebook sued over Cambridge Analytica data scandal October 28, 2020 Facebook is being sued over its misuse of data during the Cambridge Analytica breach, opening the social media firm up to further fines for its role in the scandal. A group action lawsuit representing 1m users in England and Wales was filed today to gain “redress and compensation for the persistent mass misuse of personal [...]
Joe Biden White House will work closely with Boris Johnson, says potential Biden appointee October 28, 2020 Joe Biden will work closely with Boris Johnson and the UK government if elected President despite concerns from Downing Street, according to a potential administration appointee. Former Bernie Sanders adviser Robert Hockett – who has been tipped in some Democratic circles to be appointed to a government position by Biden as a standard bearer of [...]
Full-fibre broadband failings ‘disproportionately’ hit small businesses October 28, 2020 A failure to meet targets of bringing full-fibre broadband to all parts of the UK in the next five years would “disproportionately” impact small businesses, the government has been warned. In a letter to culture secretary Oliver Dowden, a dozen small and medium sized businesses (SMEs) stated that high-speed broadband provisions were “critical” to their [...]
US election: Where do Trump and Biden stand on tech issues? October 28, 2020 The bosses of Facebook, Twitter and Google are this afternoon appearing in front of a US Senate committee to face questions over key issues of tech regulation. With tech titans facing increased scrutiny in their home country, the topic is likely to be a key policy issue in the run-up to the presidential election. So [...]
US stocks tumble and oil drops after disastrous FTSE 100 day October 28, 2020 The FTSE 100 plunged to its lowest level since April and US and European stocks tumbled as surging coronavirus cases and a lack of US stimulus sent shockwaves through markets. London’s blue-chip index dropped three per cent in afternoon trading, its third fall in as many days, to just 5,556 points. Read more: How close [...]
