Ofcom to crackdown on TikTok, Snapchat and Twitch content October 6, 2021 Ofcom has announced plans to get tough on hate speech and inappropriate content shared on video sharing platforms including TikTok, Snapchat and Twitch. Britain’s broadcasting regulator will be given far reaching new powers to issue fines and even suspend platforms which allow hate speech and inappropriate content to be displayed. The policy change comes after [...]
Twitch reportedly falls victim to a massive data leak October 6, 2021 Twitch, the streaming platform favoured by gamers, has reportedly suffered a data leak which has revealed the earnings of the site’s top content creators. The hacker leaked 125GB of data on the dark web with details about Twitch’s underlying code, encrypted user passwords and creator payout reports amongst the information released. While Twitch, which has [...]
NFT platform Sorare announces partnership with Germany’s Bundesliga October 6, 2021 Sorare, the company behind an NFT-based fantasy football game, has become an official partner of the top two divisions of Germany’s football league. The Bundesliga announced today that digital images of its players will be turned into tradable football cards which can be used to build a fantasy team on the SoRare platform – each [...]
Tina Turner sells music rights to BMG in reported $50m deal October 6, 2021 BMG has acquired the rights to an extensive portfolio of Tina Turner’s hit tunes including The Best, What’s Love Got To Do With It and the James Bond theme Goldeneye. The deal makes BMG a partner in all of Tina Turner’s music interests and gives the Berlin-based music company rights to her image, name and [...]
Google owned AI firm DeepMind turns profit for first time October 6, 2021 Google’s AI department DeepMind turned a profit for the first time ever in 2020 as turnover soared to £868m. Profits stood at £44m in 2020, up from a loss of £477m a year prior, as annual turnover jumped by more than £560m from £266m in 2019. The results, posted on Companies’ House, give the first [...]
Fast Lane: Lookers raises profit guidance despite challenging market conditions October 6, 2021 Lookers, a leading UK motor retail and aftersale group, has lifted profit expectations for the year on the back of promising Q3 results. While new car sales flagged amid a global semiconductor chip shortage Lookers has outperformed the market by around 3.4 percentage points. Despite the dip the company has said it is expecting profit [...]
Chinese energy restrictions hit iPhone suppliers October 6, 2021 Manufacturers have warned that further disruption to China’s energy supply could hamper the production of tech products, including iPhones. In the final week of September many factories in the key manufacturing hub of Jiangsu were forced to cut or stop output altogether after the province was called out by the government for exceeding its carbon [...]
Boris Johnson expected to reveal ‘national living wage’ hike October 6, 2021 Prime Minister Boris Johnson is expected to announce plans to raise wages for the country’s lowest paid earners to around £9.42 per hour. The increase will boost the pay of minimum wage workers over the age of 23 by around 5.7 per cent, more than double the previous increase of 2.2 per cent in April [...]
Allied Minds turns a loss in H1 amid share buy back programme October 6, 2021 Allied Minds, an IP commercialisation company with a focus on early stage tech companies, has reported lacklustre interim results. Net cash and investments dipped from $24.5m at the close of 2020 to $18.1m in the first six months of the year. While revenue almost doubled, rising from $110k in the first six months of 2020 [...]
Greggs share price surges ten per cent as revenues near £1.2bn October 5, 2021 Greggs has announced ambitious plans to double annual intake to £2.4bn over the next five years after the company lifted full year revenue expectations on the back of strong Q3 results. The bakery chain today revealed that like for like sales were up 3.5 per cent in Q3 compared to pre-pandemic levels with rebounding interest [...]
