HPE boss warns of Huawei cyberattacks June 11, 2020 Hewlett Packard Enterprise’s (HPE) managing director has warned of “data loss, privacy breaches and cyberattacks” if the government proceeds with Huawei technology in its 5G rollout. Speaking to City AM, Marc Waters said: “Securing the future of the UK’s mobile networks is a vital issue. Data loss, privacy breaches, and cyberattacks on individuals, organizations and [...]
Beer sales sink to 20-year low June 11, 2020 Beer sales in the UK slumped to their lowest levels for 20 years in the first quarter of 2020, as the lockdown continues to weigh on the hospitality industry. The figures Figures released today by the British Beer & Pub Association (BBPA), the largest brewing and pub body in the UK, showed that beer sales [...]
LBC ends contract with Nigel Farage June 11, 2020 Nigel Farage’s contract with LBC has been ended with immediate effect after three years at the station. In a statement on Twitter, LBC said: “Nigel Farage’s contract with LBC is up very shortly and, following discussions with him, Nigel is stepping down from LBC with immediate effect.” The phone-in radio station added: “We thank Nigel [...]
WPP appoints former Burberry chief June 11, 2020 Media giant WPP has appointed the former chief executive of Burberry and ex-head of retail at Apple to its board. Angela Ahrendts will become a non-executive board member at WPP after ending a five-year run as one of the most senior figures at Apple. Ahrendts led British fashion brand Burberry from 2006 to 2013, during [...]
News UK set to cut jobs in radio and newspaper June 11, 2020 News UK is set to cut jobs in its radio and newspaper operations, as coronavirus continues to hammer print advertising and sales. Rebekah Brooks, chief executive of News UK, yesterday wrote to employees from The Sun and The Times to announce that “in the coming months, we will need to streamline the business and take [...]
Talktalk swings to profit on lockdown boost June 11, 2020 Talktalk today reported a strong profit rise on the sale of its broadband business and customer growth, as Brits stayed indoors during the coronavirus pandemic. The figures Pre-tax profit hit £146m for the year, up from a £5m loss the year before, as cost cutting and the sale of its Fibrenation broadband arm for £206m [...]
UK house prices gauge hits 10-year low – but signs of confidence ahead June 11, 2020 A gauge of UK house prices hit its lowest level in a decade in May, it emerged today, but signalled confidence ahead as the country emerges from months of lockdown. The figures A survey from the Royal Institution of Chartered Surveyors (Rics) released today showed that 32 per cent of estate agents reported a plunge [...]
Asian shares lose grip of winning streak on Fed meeting June 11, 2020 Asian shares failed to hold on to their 10-day winning streak today, swinging lower after a glum economic outlook from the US Federal Reserve fuelled fears that it would have to provide further support to an already record high level of stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent, marking [...]
Just Eat Takeaway confirms ‘advanced talks’ to buy Grubhub June 10, 2020 Delivery giant Just Eat Takeaway today confirmed it is in advanced talks to buy Grubhub, in a bid to establish itself as a major rival to Uber in the US. Netherlands-based Just Eat Takeaway said it is “advanced discussions with Grubhub” for an all stock-purchase of the company. Grubhub, a US food delivery startup with [...]
Premier Inn owner scoops up almost £1bn to bolster against pandemic June 10, 2020 Whitbread investors have agreed to supply more than 90 per cent of its £1bn cash call, the Premier Inn owner announced today, as it attempts to beef up its balance sheet amid the coronavirus crisis. Existing investors scooped up 91 per cent of the discounted 1-2 fundraiser issued by the hotel group in a bid [...]
