Royal Mail slapped with £21m Ofcom fine for late deliveries October 15, 2025 Royal Mail has once again been hit with a huge fine for failing to meet its delivery targets. Regulator Ofcom has handed Britain’s postal service a £21m fine after only 77 per cent of first class and 92.5 per cent of second class mail was delivered on time, well short of the 93 per cent [...]
FTSE 100 Live: Ofcom fines Royal Mail, CMA’s vet crackdown October 15, 2025 Good morning from the City AM liveblog team. 15 months on from Labour’s stunning general election victory and a month out from its next budget, how is the City feeling about the current government? It’s safe to say that enthusiasm has waned a little since high expectations were set last year. Some City analysts are [...]
Yodel: Losses double at UK’s second-worst parcel delivery firm October 8, 2025 Losses at Yodel, which was named as the second-worst parcel delivery firm in the UK in 2024, have more than doubled as its revenue was slashed. The Liverpool-headquartered business has reported a pre-tax loss of £105.2m for its latest financial year. The total comes after Yodel also lost £48.2m in 2023. New accounts filed with [...]
Rebranded Channel 5 returns to profit despite advertising hit October 3, 2025 Broadcaster 5 returned to profit despite its turnover falling by almost £80m during its latest financial year, it has been revealed. The business, which is owned by Paramount, has posted a pre-tax profit of £30.6m for 2024, new accounts filed with Companies House show. The total is up from the £159.5m pre-tax loss it reported [...]
YouTube launches Westminster forum to champion UK’s creator economy September 25, 2025 YouTube has unveiled a new cross-party parliamentary group dedicated to championing the UK’s digital creator economy, announced at its annual YouTube Festival in London yesterday. The All-Party Parliamentary Group (APPG) for creators, co-chaired by former digital ministers Feryal Clark MP and Lord Ed Vaizey, will act as a formal bridge between policymakers and the country’s [...]
Supernova: Ex-Saatchi Sir John Hegarty backs social network September 25, 2025 Sir John Hegarty, the creative heavyweight behind Saatchi & Saatchi, TBWA London and Bartle Bogle Hegarty, has become an investor and creative adviser to social network Supernova. The platform, created by former Saatchi adman and BAFTA winner Dominic O’Meara, bills itself as “social media for grown-ups”, promising to donate a share of every ‘like’ to [...]
Ryder Cup should be reserved for free-to-air TV, say nine in 10 golf fans September 18, 2025 Nine in 10 golf fans believe the Ryder Cup should be added to the UK’s so-called crown jewels of sports broadcasting and made available on free-to-air TV. Sky Sports has held the exclusive live rights to the biennial golf contest between Europe and the US for the last 30 years, during which the event has [...]
Brits bypass Online Safety Act with VPNs, report finds September 11, 2025 The government’s flagship Online Safety Act is already being bypassed at scale, with a new survey showing nearly one in three Brits are still accessing adult content without age checks in place. Research by verification and anti-fraud platform Sumsub, which polled 2,000 UK consumers, found widespread scepticism about whether Ofcom and ministers can enforce the [...]
Royal Mail owner set to return to profit in first figures since £3.6bn takeover August 31, 2025 The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6bn takeover by Czech billionaire Daniel Kretinsky. International Distribution Services (IDS) will post figures for the 12 months to 31 March after a milestone year for the [...]
TikTok sheds London staff in major AI push August 22, 2025 TikTok is set to lay off hundreds of staff in its content moderation and security team in London, a decision that has sparked concern just as the UK’s Online Safety Act comes into force. The company, owned by ByteDance, is centralising its “trust and safety” operations globally and plans to increasingly rely on artificial intelligence [...]