Meta platforms at the heart of Oasis ticket scams, Lloyds reveals April 24, 2025 Meta-owned platforms, particularly Facebook, have become the primary breeding ground for last year’s surge in Oasis ticket scams, according to recent data from Lloyds Banking Group. The bank’s research highlighted that over 90 per cent of reported scams targeting Oasis fans originated on social media, with a staggering 56 per cent of all reported concert [...]
Nokia faces global tariff turbulence, but UK arm holds firm April 24, 2025 Nokia is bracing for disruption from renewed US trade tensions, with its new chief executive signalling a possible expansion of American manufacturing to soften the blow of potential tariffs. But while the Finnish firm’s global profits have taken a hit, its UK business has quietly bucked the trend – posting steady growth and highlighting the [...]
Rules to keep children safe online finalised by Ofcom April 24, 2025 Ofcom has issued the final safety codes requiring online platforms to implement over 40 protective measures for users under the age of 18 by July. These include tools to verify user age, block underage access to adult content, and remove harmful material linked to self harm, suicide, and eating disorders. Platforms that fail to comply [...]
UK agri-tech bags Kiwi investment boost April 24, 2025 The UK government has welcomed a strategic investment push from New Zealand into Britain’s agri-tech sector. AgriZero NZ, a public-private fund backed by the Kiwi government and major agri-businesses, joins Innovate UK’s investor partnership programme. The scheme helps scale cutting-edge British agri-tech startups linking them with global investors. Science minister Patrick Vallance told CityAM: “New [...]
RELX: FTSE 100 group’s AI tools lead strong start to 2025 April 24, 2025 RELX has kicked off 2025 with strong momentum, reaffirming its full year guidance for growth in revenue, profit, and earnings per share. The FTSE 100 group cited the rapid adoption of its generative AI-driven legal platforms, which are accelerating performance in one of the firm’s core divisions. The global analytics and decision tools provider reported [...]
Exclusive: KMPG renews search for UK’s top tech scale-ups April 24, 2025 Professional services giant KMPG has launched its annual competition to identify and support the UK’s most innovative scale-ups, as the sector navigates a challenging investment landscape. Now in its 12th year, the competition has served as a launchpad for a diverse range of startups – from healthtech pioneers to AI disruptors. Previous finalists include notable [...]
Tesla misses, yet Musk reassures investors with AI push April 23, 2025 Tesla’s first quarter results, announced at market close yesterday, may have disappointed on traditional metrics. Yet, the company has used its earnings to pivot the story, away from missed car delivery targets and falling profits, and toward its future bets on AI, autonomy and energy. Revenue fell nine per cent year on year to $19.3bn, [...]
EU fines Meta and Apple a combined £600m for breaching digital laws April 23, 2025 The European Commission has imposed significant fines on Apple and Meta, marking the first enforcement actions under the Digital Markets Act (DMA), which aims to promote fair competition and enhance consumer choice. Apple has been fined €500m (£428.3m) for restricting app developers from directing users to alternative purchasing options outside its App Store. The commission [...]
Hollywood Bowl: Ten-pin bowling operator smashes records with strong UK drive April 23, 2025 Hollywood Bowl Group, the operator of the UK and Canada’s largest ten-pin bowling brands, has reported record revenue of £129.2m for the first half of 2025 – up 8.4 per cent year on year, driven by a solid growth in its core UK market. UK sales rose 4.7 per cent to £108.2m, as families continued [...]
Tesla profits crash as Elon Musk fallout hits brand and bottom line April 23, 2025 Tesla reported a sharp decline in first-quarter profit on Tuesday, missing Wall Street estimates as the electric vehicle maker continued to grapple with slowing demand, rising competition, and mounting brand headwinds tied to chief executive Elon Musk’s political activities. Net income nosedived 71 per cent year-over-year to $409m (£307m) while revenue fell nine per cent [...]
