Netflix snaps up Uxbridge production space in latest UK push August 19, 2019 Netflix has signed a deal to rent out production space in Uxbridge, just weeks after it unveiled its new UK hub at Shepperton Studios. City A.M. understands that the US streaming giant is set to take a 134,000 square feet unit called UX1 in an industrial park in west London as part of a 10-year [...]
Trump says he doesn’t want to do business with Huawei over ‘national security threat’ August 19, 2019 President Donald Trump has said he doesn’t want the US to do business with Huawei, following reports that his administration is set to extend a licence allowing the Chinese company to purchase US goods. Speaking to reporters on Sunday, Trump said he did not want to do business with Huawei over national security concerns. “At [...]
Apple’s Tim Cook cautions Donald Trump over China tariffs August 19, 2019 US president Donald Trump said that he has spoken with Apple chief executive Tim Cook about the impact of US tariffs on Chinese imports and that Cook “made a good case” that tariffs could hurt Apple. According to Trump, the pair spoke about competition between Apple and South Korean rival Samsung, with Cook arguing that [...]
City Moves for 19 August – Who’s switching jobs at 11:FS, Severfield and Sedgwick? August 19, 2019 Today’s City Moves includes 11:FS, Severfield and Sedgwick. 11:FS 11:FS, the challenger firm that builds digitally-native financial services through technology, product and design expertise, has announced that Michael Curds has joined the firm as head of talent. He brings a wealth of experience in scaling digtally-native business, having most recently led the talent team at [...]
Shares in Avast rise as it lifts forecast on growing demand for privacy tools August 14, 2019 Shares in cybersecurity firm Avast rose more than eight per cent after it lifted forecasts for full-year revenue to the upper end of its guidance. The London-listed company posted an 8.3 per cent increase in revenue to $422m (£350m) in the first half, while adjusted net profit rose 14 per cent to $148m. Read more: [...]
US pulls back from applying fresh tariffs to Chinese tech goods August 13, 2019 The Trump administration has pulled back from slapping tariffs on certain products from China such as laptops and mobile phones, providing relief for jittery global investors. Read more: Tariffs hurting US manufacturers, says Trump’s ex-economic adviser At the start of the month the US announced it would apply 10 per cent tariffs to $300bn of [...]
Lower oil prices hit Saudi Aramco earnings August 12, 2019 Saudi Aramco is still the world’s most profitable company, it revealed today, despite a drop in revenue brought on by lower oil prices. The formerly secretive Saudi oil giant said that pre-tax income had fallen during the first half of the year. The results were part of Aramco’s first half-year report. Read more: Oil price [...]
It’s fine to fail: Why we need to teach people the good, the bad, and the ugly of building a business August 12, 2019 Every entrepreneur has a story of past failure that they’re not afraid to share. I’m no exception. Back in 2010, when Octopus began investing in film production companies, we turned down the opportunity to invest in a small British film called The King’s Speech, which went on to gross £250m worldwide and win four Oscars. [...]
Over 5m savers at risk from pension scams August 7, 2019 More than 5m pension savers across the UK are at risk from common scamming tactics, underlining current concerns over fraudsters targeting people’s retirement cash pots. A new report from two of Britain’s top financial bodies has found that 42 per cent of pension savers, which equates to over 5m people, could be in danger of [...]
The new King of the Jungle: Why Disney could be a spoiler for Netflix August 7, 2019 In 2017 Dana Brunetti, the producer behind hit Netflix series House of Cards, declared that appointment-viewing TV was dead. Gone were the days of scheduled programming, he said. On-demand binge-watching was here to stay. Brunetti’s show helped propel Netflix to the forefront of the streaming landscape and, two years later, on-demand TV is now the [...]