SMG soars despite tough advertising market October 6, 2021 Scottish Media Group (SMG), home of Virgin Radio, exceeded market expectations in the first half but warned the behaviour of the advertising markets was “short term and erratic”. The Glasgow-based group said pre-tax profit, before exceptional, climbed 68 per cent to £6.7m in the six months to 30 June on sales of £94.9m. The performance [...]
One in three Brits plans to stockpile food and drink this month for Christmas October 6, 2021 One third of consumers have already stockpiled food and drink items for Christmas, or are likely to before the end of the month. A survey from Lumina Intelligence found that more than half (56 per cent) of consumers were somewhat worried about media coverage of others stockpiling. 10 per cent said they were very worried. [...]
Travel insurance cheat who tried to eat evidence among £1.1bn UK fraud cases October 6, 2021 A travel insurance cheat who tried to eat the evidence and an “accident-prone” gardener who was caught out weightlifting were among the more unusual frauds uncovered, the Association of British Insurers (ABI) said this morning. The industry body said the average general insurance fraud detected last year was for £12,000, marking a £600 increase compared [...]
Crypto crime landscape shifts to bigger threats targeting smaller numbers October 5, 2021 The use of cryptocurrencies for illicit activities from ransom money, money laundering and funding for terrorist activities continues unabated.
Facebook accused of being ‘morally bankrupt’ at whistleblower Frances Haugen Senate hearing October 5, 2021 Whistleblower Frances Haugen is testifying against Facebook before the US Senate, and has accused the firm of putting “astronomical profits before people” and said it “harms children.” Haugen, a former Facebook product manager, began her testimony by saying: “I believe Facebook’s products harm children, stoke division and weaken our democracy.” During the committee hearing, Senator Blumenthal, [...]
Bitcoin rises to $50k again as Wall Street drops amid inflation fears October 5, 2021 Bitcoin - the leading cryptocurrency - is currently trading at around $50,200, up almost six per cent over the past 24 hours.
Exclusive: Pandemic has exposed lack of data literacy amid growing digital skills gap October 5, 2021 Throughout the coronavirus pandemic, key decisions have been made hastily and without the use of data, according to a new survey among thousands of key decision makers across the UK. which was shared exclusively with City A.M. The study shows widespread concerns about data skills despite the vast majority of C-suite executives (75 per cent) [...]
What’s next for food delivery following the junk food ad ban? October 5, 2021 It’s been a confusing 12 months for UK food advertisers. First, there was the proposed ban on junk food TV advertising before the 9pm watershed. Then there was the announcement of more sweeping measures to obliterate online junk food advertising in the UK. Just a few months later, relief swept the food and drink industry [...]
UK urged to crack down on ‘dirty money’ as Pandora Papers expose London’s murky role October 4, 2021 There are fresh calls today to tighten Britain’s defences against “dirty money” after a leak of offshore data exposed the secret financial dealings of some of the world’s richest and most powerful people. The cache of almost 12m files – dubbed the Pandora Papers – is said to cover the activities of some 35 current [...]
Bitcoin survives another crackdown from China as Europe embraces DeFi October 4, 2021 Data from CryptoCompare shows that the price of Bitcoin started the week moving downward, dropping to a $41,000 low before recovering.