EU targets TikTok in escalating global tech crackdown May 2, 2025 Tiktok has been fined €530m (£451.9m) by Ireland’s data watchdog for illegally transferring European user data to China, and failing to properly inform users. The landmark ruling intensifies the EU’s scrutiny of global tech firms and their data flows to countries with intrusive surveillance regimes. The fine, the third largest ever under the EU’s general [...]
Harrods hit in cyber spree as experts warn of ‘coordinated campaign’ May 2, 2025 Harrods has become the latest high profile UK retailer targeted by cyber attackers, joining Marks & Spencer and Co-op Group in a spate of recent incidents that security experts fear may be part of a broader attack against the sector. Harrods has confirmed that it had experienced “attempted to gain unauthorised access” to its systems. [...]
Apple shares fall on cloud miss despite US chip pivot May 2, 2025 Apple posted better-than-expected earnings late Thursday, as iPhone sales held up strongly in the face of growing consumer anxiety over incoming US tariffs. But shares slipped nearly 3 per cent in after-hours trading, as a muted performance from its services unit and continued delays in its AI rollout tempered investor optimism. The California-based tech behemoth [...]
Amazon beats on profits, but tariff uncertainty weighs on stock May 2, 2025 Amazon topped Wall Street expectations in the first quarter of 2025, posting a 62 per cent jump in profit year on year. But a softer than expected cloud result and a cautious outlook for the coming quarter were enough to send shares lower in after-hours trading. This reflects the sensitivity of big tech valuations in [...]
M&S and Co-op: UK retailers brace for cyber attacks May 1, 2025 Two of the UK’s most recognisable retail brands – Marks and Spencer and Co-op – found themselves at the centre of a growing cyber security storm this past week. From suspended online orders at M&S to locked-down systems at Co-op, the message from the frontline is clear: cyber threats are no longer just an IT [...]
Lego to relocate 1,500 staff to new landmark headquarters May 1, 2025 Lego is set to move its London headquarters from Farringdon to the iconic 76 Southbank in 2027, it has been confirmed. The Danish company will occupy 192,000sqft across three-and-a-half floors in the riverside building, originally designed by famed brutalist architect Sir Denys Lasdun. The redeveloped site, next to the National Theatre, has been modernised by [...]
Microsoft shares jump after AI bets pay off May 1, 2025 Microsoft shares surged over six per cent in after hours trading on Wednesday after the tech giant delivered another quarter of better than expected earnings, driven by its booming cloud and artificial intelligence (AI) businesses. The company posted revenue of $70.1bn (£52.5bn) for the quarter ending in March, up 13 per cent year on year, [...]
Bet365: Billionaire Coates family consider £9bn sale of betting giant May 1, 2025 The billionaire Coates family is exploring a potential sale of Bet365, the online gambling powerhouse they founded, in a deal that could value the business at up to £9bn. Stoke-on-Trent-headquartered Bet365, which is led by Denise Coates, has recently held talks with Wall Street banks and US advisers about strategic options including a full or [...]
Apple slammed for App Store violations in Fortnite case May 1, 2025 A US federal judge has found Apple in a wilful violation of a court order requiring it to ease restrictions on app developers, marking a major development in the long-running legal battle with Fortnite creator, Epic Games. The ruling paves the way for the return of Fortnite to the iOS App Store in the US. [...]
Tesla denies claims of Musk succession search May 1, 2025 Tesla has denied reports that its board is seeking a replacement for chief executive Elon Musk, after a Wall Street Journal report claimed the company had began a search for its new chief executive, amid mounting concerns on his political entanglements. In a post early Thursday on X, the social media owned by Musk, Tesla [...]
