BT shares slump as brokers downgrade FTSE 100 firm September 6, 2022 BT shares slumped to the bottom of the FTSE 100 this morning after it received a scathing broker note about its investments. German investment bank Berenberg dropped the telecom stock from a Buy to a Hold, stating that it had underestimated the pressures on the UK firm. Brokers also reduced its price target to 190p from 220p. [...]
BBC chiefs can’t rule out further cuts as licence fee freeze stings September 6, 2022 BBC chiefs have not ruled out further cuts to services as the broadcaster continues to feel the ramifications of the licence fee squeeze.
Snap snaps and Big Tech feels the heat: What’s next for advertising? September 6, 2022 City A.M. chats with sustainable advertising platform WeAre8 to chat about the future of advertising in an age of distraction and economic turmoil.
BBC brings in Bain & Co to help make a licence fee freeze plan September 5, 2022 BBC have called in Bain & Co to review its funding strategy as the licence freeze sinks in for the broadcaster. The world-leading consultancy will be helping the Beeb put together a wide-ranging blueprint for its future, as first reported by Mark Kleinman for Sky News. Nadine Dorries confirmed in January that the BBC licence [...]
Exclusive: Subscribers more likely to cut video rather than music says Deezer CFO September 5, 2022 Deputy CEO of Deezer has said users are more likely to cut video streaming subscriptions than they are music as consumers are forced to tighten their belts on subscriptions.
Netflix pushes forward with ads offering as new players continue to pile in September 5, 2022 Netflix is reportedly bringing forward the launch of its cheaper ad-supported tier as the streaming giant tries to keep hold of a dwindling subscriber base.
Apple set to double digital ad team as Big Tech looks to cull September 5, 2022 Apple plans to nearly double its digital advertising business, just as the likes of Snap bid to make teams leaner.
Giganet snaps up Cuckoo in a push for broadband consolidation September 5, 2022 Giganet has snapped up broadband disruptor Cuckoo in a push for market consolidation and faster broadband.
‘Brexit’s biggest rewards’: New data bill makes way through parliament September 5, 2022 New data reforms, which digital secretary Nadine Dorries reckons will be “one of Brexit’s biggest rewards”, is set to be debated in parliament today. Under the Data Protection and Digital Information Bill, firms will be given the flexibility to protect personal data in more proportionate ways rather than forcing them to follow the same processes [...]
Andy Murray backed Castore scores £750m valuation September 4, 2022 Andy Murray backed clothing brand Castore has been valued £750m as the firm looks to compete with the likes of Nike and Adidas.
