Tech industry at risk of losing best and brightest October 4, 2022 The tech sector’s working culture is continuing to prove divisive, with new data suggesting that more than half of European tech workers are considering a career change. More than a third of young tech workers (35 per cent) are unhappy in their role, with over half (54 per cent) considering a complete change of path, [...]
Brokers back Next 15 in final push for M&C Saatchi takeover October 3, 2022 After months of back and forth, Next 15 may just be on the home straight for a deal to takeover M&C Saatchi. It comes after rival contender AdvancedAdvt announced that its offer for the advertising giant had lapsed on Friday. Excluding Vin Murria and her investment vehicle AdvancedAdvt’s 22 per cent stake in the ad [...]
Connecting? Vodafone confirms merger talks with Three UK October 3, 2022 Vodafone confirmed it was in merger talks with Three UK this morning, setting the scene to become the largest mobile telecoms supplier in Britain. The FTSE 100 firm said it was in discussions with CK Hutchison, Three’s Hong-Kong parent company, with the view of combining the two UK arms, with Vodafone owning 51 per cent [...]
Telecom Plus shares surge as customers snap up bargain deals October 3, 2022 Telecom Plus shares surged over 20 per cent this afternoon after the utility services giant hiked full-year profit guidance after posting record customer growth during the first half of the year. The company nabbed 86,004 new customers in the six months to September, taking its total customer base to 814,684 and representing an annualised growth rate of [...]
‘No one asked for this’: Dorries slams delays on Channel 4 sale, BBC licence fee and online safety bill October 3, 2022 Former Culture Secretary Nadine Dorries has slammed Liz Truss’ government for its inactivity surrounding the sale of Channel 4, the BBC licence fee review and online safety bill. Taking to Twitter, Dorries, who formerly backed Truss in the leadership race, wrote: “Widespread dismay at the fact that 3 years of work has effectively been put [...]
London’s summer heatwave sparked plunge in footfall as Mayor warns against climate crisis October 3, 2022 The summer heatwave saw London visitors plunge as commuters swap the City for the shade, says London Mayor Sadiq Khan. Speaking at the Reuters IMPACT Conference later today, the Mayor will reveal that on 18 July, when temperatures in London exceeded 35 degrees, there were 385,640 daytime workers in central London, when 518,000 workers would usually be [...]
Hipgnosis secures new debt deal at it rides ‘increasingly unpredictable’ market October 3, 2022 Music investment titan Hipgnosis Songs Fund has secured a new debt financing deal this morning as the firm rides on a “unpredictable” market. The company confirmed that it had entered into a new Revolving Credit Facility (RCF) with a commitment of $700m, which runs for five years. In simple terms, an RCF gives a company added [...]
Cisco chief says apprentices can plug digital skills gap September 30, 2022 Chief of Cisco UK said more needs to be done to plug the digital skills gap, putting greater focus on early careers. Speaking to City A.M., David Meads said the apprenticeship levy is a specific area of policy that could be reformed to drive better productivity in the tech sphere, echoing Keir Starmer’s stance earlier [...]
Joules tanks as insolvency talk spooks market September 29, 2022 Share tanked over 32 per cent this evening for Joules after reports that the beleaguered retailer was weighing up insolvency options. As first reported by Mark Kleinman for Sky News, the British lifestyle brand is working with Interpath Advisory on a company voluntary arrangement (CVA), which would allow the firm to renegotiate liabilities, but could [...]
Tobacco chief says we need to move away from ‘quit or die’ mindset and towards vapes September 29, 2022 A top exec at British American Tobacco (BAT) has said we need to move away from the “quit or die” approach to smoking and invest more in sustainable alternatives like vaping. Speaking at an industry conference in Washington D.C., BAT’s chief growth officer Kingsley Wheaton called for greater collaboration between the industry and governments to [...]
