Channel 4 privatisation risks pulling the plug on UK production June 23, 2021 When Thatcher’s government set up Channel 4 back in 1982 as the boisterous youth-focused challenger to the BBC behemoth, it was a radical shake-up of Britain’s fusty broadcasting landscape. Now, almost four decades later, that same landscape is unrecognisable, its skyline dominated by the giants of the internet and streaming age. It’s in this context [...]
Labour says government should intervene in private equity takeover of Morrisons June 23, 2021 Labour has called on the government to confirm it will intervene in any private equity takeover of Morrisons to secure binding commitments about the buyer’s business plan, on jobs and on pensions. Morrisons revealed this weekend it had rejected a £5.5bn takeover bid from private equity firm Clayton, Dubiliter & Rice (CD&R), saying it believed [...]
Vivendi shareholders back $40bn Universal Music Spac deal June 22, 2021 Shareholders in Vivendi today backed the company’s plans to spin-off its $40bn Universal Music Group through a Spac deal, marking a major boost for billionaire owner Vincent Bollore. Pershing Square Tontine Holdings, a blank-cheque company run by Bill Ackman, has signed a deal to buy 10 per cent of the iconic record label for $4bn. [...]
4 fantastic permanent jobs open in London right now June 22, 2021 Now is a great time to make a change. There’s something about the summer air that puts a real pep in your step, so why not really lean into it? You may have been thinking about getting a new job for a while, perhaps now is the time to go for it! If you are [...]
Google Campus closes in the end of an era for London tech startups June 22, 2021 Google has decided not to reopen its London campus for startups, which formed part of the capital’s mini–Silicon Valley, saying it will offer services online. The coronavirus pandemic and working from home has likely swayed the decision to shut the seven-storey East London campus. “This shift demonstrated that, similar to the support we provide in [...]
Tube set for full mobile coverage by end of 2024 June 22, 2021 Commuters will be able to access phone and internet coverage on every part of the London Underground network by the end of 2024, Sadiq Khan has announced. Transport for London (TfL) has today signed a new deal with mobile provider BAI Communications to provide 4G and 5G service across the transit system. The first stations, [...]
Deplatformed: Vodafone customers seethe after it ditches free wifi deal on Tube June 21, 2021 Out of service: Vodafone customers seethe after it ditches free wifi deal on Tube
No 10 rejects claims the G7 summit left ‘unwelcome gift’ of spike in Covid cases June 21, 2021 A spokesperson for the prime minister has dismissed claims that the G7 summit is to blame for a surge in coronavirus cases in Cornwall. “Obviously we don’t accept this claim,” the spokesperson told the Downing Street lobby briefing. “Attendees going to the G7 were tested before arriving and throughout the summit, and we’re not aware [...]
Hong Kong races ahead of London and New York in bid to get bankers back in the office June 21, 2021 Hong Kong races ahead of London and New York in bid to get bankers back in the office
Amazon retains crown as world’s most valuable brand June 21, 2021 Amazon has retained its place as the world’s most valuable brand, growing 64 per cent this year to $684bn – equivalent to the GDP of Poland. Amazon’s value grew by $268bn in the last year, according to data from Kantar, as a locked down world turned to the retailer for their online shopping. After Amazon, [...]