Chelsea Digital Ventures: The tech business spun out of a football club November 17, 2021 Look closely next time Romelu Lukaku or Pernille Harder takes a mid-match drink and you may notice something that marks Chelsea out from other football clubs. Because instead of taking a swig from a bottle of Lucozade, or another well known sports hydration brand, players at the west London club have their own in-house product. [...]
Miramax sues Quentin Tarantino as studio tries to stop Pulp Fiction NFT auction November 17, 2021 Director Quentin Tarantino has been sued by Miramax over the director’s plans to create and auction off a series of NFTs based on Pulp Fiction. The entertainment company alleges that Tarantino’s planned offerings violate the copyrights it holds to the director’s 1994 film, according to the lawsuit filed in federal court in Los Angeles. Tarantino [...]
Bear Grylls, Robbie Williams and Holly Willoughby join consumer guru Martin Lewis in fight against scam adverts November 17, 2021 Prime Minister Boris Johnson is urged this morning to include paid scam adverts in the upcoming Online Safety Bill. The call comes from a range of celebrities, including Robbie Williams (pictured above), Bear Grylls and Holly Willoughby, who have signed a joint letter led by Martin Lewis. The consumer guru has long campaigned against bogus [...]
Lynch case takes another turn after co-defendant takes aim at key City witnesses November 17, 2021 THE continued fight over Mike Lynch’s proposed extradition to the US to face fraud charges has taken another turn after his co-defendant’s legal team attempted to discredit the evidence of two City analysts who have testified against Autonomy executives in previous court cases. In legal documents filed in Northern California, Lynch’s co-defendent Stephan Chamberlain alleges [...]
City Moves: Who’s switching jobs in the Square Mile this week? November 17, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. MCF Corporate Finance Corporate finance advisory firm MCF Corporate Finance has hired a mergers and acquisitions (M&A) veteran as a new partner. Joining the firm’s technology practice in London, Atul Monga brings 13 years’ worth of experience from across Big Four firm Deloitte [...]
Why having moral courage is a strength needed of all business professionals November 17, 2021 Doing the right thing takes courage and isn’t always easy. We explain why having moral courage is a strength required of all business professionals. In the ICAS research report What do you do now? Ethical issues encountered by Chartered Accountants, Dr David Molyneaux said that ‘courage’ is not usually a term associated with the accountancy [...]
Darktrace backer Balderton unveils new early-stage $600m fund November 17, 2021 Balderton Capital, one of Europe’s most active venture capital firms, this morning announced it has raised its eighth fund focused on early-stage startups in Europe. At $600m, it’s the largest fund for investing in early-stage startups that the Kings Cross-headquartered firm has raised since it began placing its bets on Europe’s fledgling businesses in 2000. [...]
Blockchain start up Starkware valued at $2bn in latest funding round November 16, 2021 An Israeli start up that provides scalable blockchain technology for apps has secured $50m (£37m) in a Series C round led by Sequoia Capital. Starkware aims to solve the scaling issues faced by legacy blockchains in the crypto space by allowing companies to build apps on top of an ultra-fast chain capable of processing a [...]
Spotify and Snapchat among apps hit by network outages November 16, 2021 Social media sites and internet services including Snapchat, Spotify, Discord and Amazon have reported network downtime this evening. Google Cloud, which provides web hosting services, emerged as the culprit for site outages across the internet and while most sites are back online the company’s status page is still registering an outage to networking services. Amid [...]
Daily Mail publisher DMGT announces leadership shakeup November 16, 2021 The chief executive of dmg media is stepping down after 25 years triggering a leadership shakeup. Kevin Beatty is stepping down as of today and DMGT has announced plans to hand over leadership to internal hires with experience at the company. Rich Caccappolo, the current chief operating officer of the Mail Online will take over [...]