Kay Burley: Broadcaster quits Sky News after almost four decades February 5, 2025 Broadcast titan Kay Burley has announced her retirement from Sky News after 36 years at the outlet. The legendary news presenter was part of the original news team which launched in 1989, meaning her career at the broadcaster spanned five decades. Closing her final Sky News breakfast show today, she said : “From a standing [...]
Future: Marie Claire owner hits expectations despite ad struggles February 5, 2025 Publisher Future plc reported it is trading in line with market expectations for the first four months of its financial year, despite ongoing challenges in the UK advertising market. The media group, which owns specialist titles across tech, gaming and lifestyle, told markets this morning that its consumer business continued positive momentum from 2024, with [...]
Salesforce cuts 1,000 jobs as it joins Meta, Microsoft and Apple in AI pivot February 4, 2025 Cloud-based software giant Salesforce is cutting 1,000 roles while hiring salespeople for AI, following in the footsteps of big techs like Meta, Microsoft and Apple. Salesforce is reducing its headcount to streamline its operations, while actively looking for new roles centred on selling new AI products. This move reflects a trend of layoffs in big [...]
Entain’s betting operator rises on iGaming boom and sports betting gains February 4, 2025 Entain’s sports betting operator, BetMGM, posted strong revenue growth thanks to record iGaming performance and an improved online sports betting strategy. The sports book and iGaming giant told the market on Tuesday that it achieved $2.1bn (£1.69bn) in net revenue for the year, up seven per cent from 2023. Its iGaming division led this growth, [...]
Reeves reviews tech tax as Trump trade war fears mount February 4, 2025 Rachel Reeves is reviewing the UK’s £700m digital services tax (DST) on American tech giants in a bid to avoid Donald Trump’s tariffs. The DST, which was introduced in April 2020, imposed a two per cent levy on UK revenues of major tech leaders like Amazon, Apple and Google. The US previously expressed strong opposition, [...]
YouGov boss ousted as share price plummets under his leadership February 4, 2025 YouGov’s chief executive, Steven Hatch, has stepped down after the firm’s share price more than halved under his charge. YouGov, the international research and data analytics group, reportedly agreed to let go of Hatch with immediate effect. YouGov’s cofounder and current chair, Stephan Shakespeare, will return as interim CEO while the board searches for Hatch’s [...]
Vodafone shares slump as headwinds grow in key German market February 4, 2025 Vodafone shares have plunged more than six per cent in early trade this morning after the FTSE 100 giant reported its third-quarter results. While the group reported overall service revenue growth of 5.2 per cent in the third quarter, beating the average analyst estimate of 4.2 per cent, it noted the migration of 1&1 customers [...]
Microsoft, Meta, Tesla & Apple: What this week’s tech earnings tell us about the AI boom January 31, 2025 Microsoft, Meta, Tesla and Apple kicked off the tech earnings season this week, giving us snapshot of how spending on AI is shaping the tech sector. Here’s what we’ve learnt about the AI boom so far. AI spending shapes the tech sector This week started with the rise of Chinese startup DeepSeek causing headwinds on [...]
Apple reports strong revenue despite iPhone sales decline January 31, 2025 While Apple’s iPhone sales dropped last quarter, the tech giant’s services division more than made up for the decline. The company, which reported results after the market closed on Thursday, said sales grew 3.9 per cent year over year to $124.3bn (£100bn) inline with Wall Street expectations. Net income rose 7.1 per cent to $36.3bn, [...]
Samsung misses estimates as chip demand dwindles January 31, 2025 Samsung Electronics missed chip profit estimates in its fourth quarter, falling short of market expectations of 3 trillion won (£1.68bn) as competition heightened and demand plateaued. In Friday’s report, Samsung Electronics announced a 22 per cent year over year increase in net profit for its fourth quarter, reaching 7.754tr won (£4.65bn). However, this represented a [...]
