Abu Dhabi fund set to take stake in broadband challenger Cityfibre August 24, 2021 A group of investors including Abu Dhabi’s sovereign wealth fund is said to be close to taking a stake in Cityfibre in a deal valuing the Goldman Sachs-backed broadband firm at around £2bn. Abu Dhabi’s Mubadala Investment Company and Interogo Holding — the investment arm of the group behind Ikea — are leading the swoop [...]
US stocks open higher to cancel out last week’s rout August 23, 2021 US stocks rose sharply today to help claw back sharp losses registered in last week’s deeply volatile trading environment. The blue-chip S&P 500 jumped 0.95 per cent to 4,483.95 points, while the Dow Jones climbed 0.72 per cent to 35,372.11 points. The tech-heavy Nasdaq was on track for another record high, surging 1.59 per cent [...]
WPP snaps up delivery tech firm Satalia in AI push August 23, 2021 WPP has snapped up a London-based tech firm specialising in home delivery services in a move that will boost the ad giant’s artificial intelligence offering. The FTSE media group today said it had acquired Satalia, which is one of the UK’s fastest-growing tech companies and serves major clients such as BT, Tesco and Unilever. Following [...]
What is the Europa Conference League, why is it happening and how will it work? Uefa’s new third club competition explained August 19, 2021 This season heralds the start of a new, third European competition for club football: the Europa Conference League. England’s role representatives are Tottenham Hotspur, who enter the competition at the play-off stage and play their first match this evening. But why has governing body Uefa created the new competition and how will it work? Read [...]
Worst kept secret confirmed as Crozier moves to head up BT August 17, 2021 Adam Crozier has been confirmed as the new chairman of BT following the retirement of Jan du Plessis. It has been known for some time that Crozier would be taking up the post after The Sunday Times revealed that he had beaten off three other candidates for the post earlier this month. Crozier is an [...]
BT poaches Asos chairman Adam Crozier August 8, 2021 BT has poached the chairman of online fashion giant Asos in a bid to boost the telecoms company’s standing during a crucial period. Adam Crozier is expected to resign from Asos to take up the chairmanship of BT, but is set to remain in similar roles for data analytics firm Kantar and Premier Inn owner [...]
Gary Lineker joins LaLigaTV in ‘multi-year’ deal July 30, 2021 Gary Lineker has joined LaLigaTV as a presenter in a “multi-year agreement” to front coverage of Spain’s top-flight football league. The former England striker will present key fixtures on the 24-hour channel and feature regularly on its Viva LaLiga studio programme broadcast live from Barcelona. Lineker, who played for Barcelon during his career, already presents [...]
Screenshot: Will the digital advertising boom ever end? July 30, 2021 This week **Media Moment of the Week: You are what you tweet **Will the digital advertising boom ever end? **Esports: Britain’s next big thing? Media Moment of the Week: You are what you tweet You know the scenario: someone says something you don’t like on Twitter and you have an overwhelming urge to rise to [...]
US stocks climb to record high on positive economic growth July 29, 2021 Wall Street climbed to record highs on Thursday as investors piled into stocks after new figures revealed the US economy is recovering quickly from the Covid crisis. The S&P 500 hit record levels in opening trading, but scaled back to rise 0.53 per cent to 4,424 during the morning session. Likewise, the Dow Jones and [...]
BT ‘on path to growth’ despite first-quarter revenue slip July 29, 2021 BT today issued a bullish forecast for its prospects for the rest of the year despite posting a decline in revenue and pre-tax profit in the first quarter. The FTSE 100 firm reported a three per cent slip in revenue to just over £5bn due to the continued impact of the pandemic. This was offset [...]