Future: Go Compare owner announces share buyback May 16, 2025 Future has reported a robust set of half year results, with profits and margins holding firm despite a three per cent drop in revenue. In the six months to 31 March, the London-headquatered media platform posted adjusted operating profit of £100.7m, down five per cent from the same period last year. Profitability remained resilient with [...]
Org Group acquires UK tech recruitment firm in global expansion May 16, 2025 Multinational professional services firm Org Group has acquired Manchester-based technology recruitment firm Venturi, in a strategic move that expands its presence in Germany and the US, and strengthen its capabilities in digital talent acquisition. The acquisition bolsters the group’s growing portfolio, adding Venturi’s tech expertise to a business that already includes global talent from Morgan [...]
Cyber attack: Coinbase warns of $400m hit after data breach May 15, 2025 Crypto exchange Coinbase has disclosed a significant cyber attack that could cost the company between $180m (£135m) and $400m (£300m), after hackers breached account data belonging to a “small subset” of its users. The news sent shares down three per cent in pre-market trading on Thursday. Coinbase said it received an email from an unknown [...]
Dior latest retailer to be targeted by cyber attack May 15, 2025 French luxury house Dior has confirmed a cyber attack resulting in a data breach that compromised personal customer information, primarily in China, as cyber security threats continue to plague the retail sector. The company said the breach was discovered on 7 May and involved ‘unauthorised access’ to a customer database. While no financial or banking [...]
North Korean hackers use fake WFH jobs to infiltrate UK firms May 15, 2025 North Korean state-backed hackers are using AI generated resumes and stolen identities to infiltrate UK firms, under the guise of remote IT working. According to a new threat report from Crowdstrike, the group – known as ‘Famous Chollima’ – has pivoted its focus from the US to the UK and Europe after a string of [...]
Tech tycoon Mike Lynch’s ‘unsinkable’ yacht sank due to design flaw, report finds May 15, 2025 A British investigation has found that fatal design flaws left tech entrepreneur Mike Lynch’s £32m super yacht Bayesian dangerously vulnerable to capsizing – contradicting builder claims that the vessel was “unsinkable”. Lynch, often dubbed “Britain’s Bill Gates”, for his role in founding software giant Autonomy, was among seven people who died last August when the [...]
ITV grows digital ad sales amid Studios boost May 15, 2025 ITV has kicked off 2025 with a strong showing from its digital arm and a rebound at ITV Studios, helping it stay firmly on track with its turnaround strategy. In a trading update for the three months to 31 March, the broadcaster said digital advertising revenue rose 15 per cent year on year, outpacing the [...]
Sage boosts profit and margins as AI tools drive growth May 15, 2025 Accounting software giant Sage has posted a strong set of half year results, powered by rising demand for cloud services and adoption of its AI tools. The firm’s operating profit went up 16 per cent to £288m, whilst revenue saw a nine per cent uptick to £1.24bn, Sage told the market on Thursday. Sage said [...]
CMA must tackle Apple and Google duopoly to ‘unlock UK growth’ May 15, 2025 One of the UK’s leading left-wing think tanks has called on the government to strengthen the powers of the competition regulator to curb the dominance of tech giants like Apple and Google. It has warned that their stranglehold on app marketplaces is holding back innovation, investment, and growth in the British economy. In a new [...]
M&S to make £100m cyber claim from Allianz and Beazley May 14, 2025 Marks and Spencer is preparing to claim as much as £100m from its cyber insurance policy, following a major cyber attack that disrupted operations and led to the theft of some customer data. The UK retailer admitted for the first time on Tuesday that personal information, including customer contact details, dates of birth, and online [...]
