Revenue dips for musicMagpie as book sales slump June 16, 2022 Seller of refurbished products musicMagpie posted a solid performance for its half year results this morning, despite economic headwinds battering the industry.
Big Tech agrees to a big EU fake news crack down June 16, 2022 Meta, Google, Microsoft and Twitter have agreed to have a stronger approach to disinformation as the EU pushes forward with a fresh code of practice.
Royal Mail boss says prices are ‘under review’ as firm faces union battle June 15, 2022 The boss of Royal Mail has said he will keep costs “under review” as the firm struggles to balance the cost of living crunch with rising union action. Speaking to Sky News earlier today, Simon Thompson explained that his team was “not immune” to the cost of living crunch, acknowledging the Communication Workers’ Union (CWU) threats of [...]
Twitter is ‘committed’ to Musk takeover despite turbulence June 15, 2022 Despite ongoing turbulence, Twitter chairman Bret Taylor has said he remains committed to closing Elon Musk's $44bn takeover bid.
Qualcomm comes out victorious in EU antitrust battle as Vestager’s Big Tech crack down starts flailing June 15, 2022 Qualcomm has come out victorious this morning after the chipmaker won its battle against a €997m (£862m) fine imposed by EU antitrust regulators four years ago, raising eyebrows for the bloc's attack on Big Tech dominance.
Watch out Apple: London’s smartphone maker Nothing reveals fresh model following £166m Alphabet funding June 15, 2022 London tech start-up Nothing unveiled the design of its debut smartphone this morning after securing more than $200m (£166m) in funding from the likes of Alphabet’s venture capital arm EQT Ventures.
Bloomsbury posts record results as pandemic reading surge holds momentum June 15, 2022 Publishing group Bloomsbury posted record results today as a pandemic-induced surge in reading continued, pushing profits to £26.7m.
Advertising watchdog bans Paddy Power ad for prioritising gambling over family life June 15, 2022 The advertising watchdog has upheld its ban of a Paddy Power ad, which showed a punter prioritising betting over family life. The TV ad showed a young man using his phone to gamble on Paddy Power’s ‘Wonder Wheel’ game in a living room whilst family were present. The young man briefly looked away from his [...]
Sorry Zuckerberg: UK competition watchdog gets green light for majority of Meta Giphy merger probe June 14, 2022 The Competition Appeal Tribunal (CAT) has backed the majority of the UK competition watchdog's probe into Meta's merger with Giphy, causing a mighty blow for the Facebook owner's team.
Ladbrokes owner Entain snaps up Dutch rival BetCity for up to €850m June 14, 2022 LADBROKES owner Entain snapped up Dutch online sports betting operator Betcity this morning for as much as €850m (£729m) as the betting giant continues its grand push into Europe. Entain said it would acquire the entire share capital of Betcity from Sports Entertainment Media BV for an initial consideration of €300m (£257m) and deferred contingent [...]
