UK competition watchdog launches antitrust probe into BT’s Warner Bros Discovery tie-up June 1, 2022 UK competition watchdog has launched an investigation into BT's 50:50 joint venture with US media giant Warner Bros Discovery.
Wood Group sells off consultancy division for £1.5bn as it doubles down on shareholder returns June 1, 2022 John Wood Group has sold off its consulting business Built Environment to WSP Global for a whopping $1.9bn (£1.5bn). The immediate use of the sale proceeds will be used to reduce Wood’s net debt, which stood at $1.4bn in December 2021, as well as strengthening its balance sheet. Commenting on the sale, chief exec Robin Watson [...]
Feature: Big Tech’s big bet on India June 1, 2022 Alphabet has given the Indian market another vote of confidence this week, reportedly pumping fresh capital into Mohalla Tech, the parent firm behind short-video platform Moj and regional social network ShareChat. Though the companies are yet to confirm the $300m funding round, which is expected to take Mohalla’s value to a whopping $5bn, the reports [...]
UK watchdog tells police and prosecutors to stop collecting excessive data on rape victims May 31, 2022 The UK data watchdog has called on the criminal justice sector to immediately stop collecting excessive amounts of personal information from victims of rape and serious sexual assault cases.
BT and Ericsson join forces for multi-million pound 5G push May 31, 2022 BT and Ericsson today announced a multi-million-pound new joint partnership to provide commercial 5G Private Networks for the UK market – the first agreement of its kind in the country.
Royal Mail faces Ofcom probe as union action looms May 31, 2022 Ofcom has launched an inquiry into Royal Mail's failure to meet targets in the past year just as the postal service comes under attack from unions.
Ex-BCG partner Marcus Bokkerink tipped as next competition watchdog chair May 31, 2022 Retired senior partner at Boston Consulting Group has been named as the next chair of Britain's competition watchdog.
MPs wait on influencer pay review following concerns about gaps May 30, 2022 MPs have urged the government to look into pay standards across the influencer marketplace, especially following evidence of racial pay gaps of TikTok and Instagram stars.
S4 Capital revenue surges as Martin Sorrell confident about digital ad sector despite economic slowdown May 30, 2022 Ad giant S4 Capital posted buoyant gross profit of £171.1m this morning, despite Martin Sorrell’s brainchild battling macroeconomic challenges and accounting delay woes. In results published on Monday for the first quarter, reported revenue was up 70 per cent to £206.8m and gross profit/net revenue up 64.6 per cent to £171.1m. S4 Capital said it [...]
Super Trouper deal: Firm behind ABBA Voyage holograms sells asset management division for £52m May 30, 2022 The London-listed tech firm behind ABBA Voyage Oxford Metrics has sold its infrastructure asset management division, Yotta, to Causeway Technologies £52m.
