EU eases state aid rules in multi-billion euro chip boost as UK risks falling behind February 8, 2022 The European Commission is set to ease funding rules in order to pump billions into its innovative semiconductor programme, as it looks to boost the continental chip industry and cut dependence on the US and Asia.
2001 named best year for top hit albums February 8, 2022 New research has revealed that 2001 produced the highest number of albums appearing in the top 250, including hits like The Strokes’ ‘Is This It’, Jay-Z’s ‘The Blueprint’ and Bjork’s ‘Vespertine’. The study by Convertr.org analysed the top 250 albums on AlbumOfTheYear.org and found that the albums released that year averaged out a score of 87.9 out [...]
Peloton ousts boss and slashes 2,800 jobs in sweeping cost-cutting plans February 8, 2022 Home fitness firm Peloton will oust its chief executive and slash thousands of jobs as part of sweeping cost-cutting plans amid falling demand for its fitness products. In a trading update today, boss and co-founder John Foley said he will step down as CEO and become the executive chair, while Barry McCarthy, the former chief [...]
UK broadband and pay TV complaints at an ‘all-time low’ says Ofcom February 8, 2022 Ofcom has revealed that the number of complaints received between July and September last year across broadband, landline and pay TV companies were at an all-time low. From its latest league table, TalkTalk and Shell Energy had the most broadband complaints, primarily due to faults and service issues. With the industry average being 10 complaints per every 100,000 [...]
Rise of ‘Tinder Swindlers’: Romance scams on the up as victims get younger February 8, 2022 The number of people who fell victim to a romance scam increased by more than 16 per cent over the last year, according to new data from Lloyds Bank. The average amount lost per victim is now £8,655, slightly more than the previous year (£8,610). Though victims between the ages of 55 and 64 still [...]
Porn sites in the UK to check ages February 8, 2022 To mark Safer Internet Day today, Digital Minister Chris Philp is set to strengthen the Online Safety Bill, including adding a new legal duty requiring all sites that publish porn to put robust checks to ensure users are over 18. This could include adults using secure age verification technology to verify that they possess a [...]
M&S remains UK’s fastest growing supermarket catching up with Big Four grocers February 8, 2022 Marks & Spencer has maintained its position as UK’s fastest growing food retailer, market researcher NielsenIQ said today, indicating its turnaround plan is gaining momentum. It said M&S’s sales rose 12.3 per cent in the 12 weeks to January 29 year-on-year, giving it a market share of 3.6 per cent, up 0.4 percentage points on [...]
Lakestar hires former UK minister Sam Gyimah as ventures partner strengthening British investment February 8, 2022 Lakestar, one of Europe’s leading venture capital firms, is today announcing new hire and a promotion in its London office. Sam Gyimah, former UK Minister for Universities, Science, Research and Innovation and MP for East Surrey has joined Lakestar as a Venture Partner starting in February 2022. Strengthening Lakestar’s London office, Sam brings a deep [...]
UK swerves away from EU car safety rules following Brexit February 8, 2022 The government has said it could use its new Brexit “freedoms” to avoid complying with EU car safety rules. Following Brexit, the UK no longer needs to follow the General Safety Regulations, which include higher standards for cars and lorries to make them less deadly for pedestrians. The UK agreed to be follow the regulations [...]
LadBible makes confident maiden update with annual growth hitting 80 per cent February 8, 2022 LadBible Group Media, the digital youth publisher, has issued its maiden trading update this morning, with revenue hitting at least £54m, ahead of expectations and representing annual growth of around 80 per cent. Managing brands including LADbible, SPORTbible and Tyla, direct revenue growth was driven by a significant increase in content marketing and direct display [...]
