This man has revealed himself as the secret inventor of Bitcoin May 2, 2016 An Australian man named Craig Wright has come forward claiming to be the inventor of Bitcoin, who has before now been known only by the pseudonym Satoshi Nakamoto. The entrepreneur has outed himself as the creator of the cryptocurrency to three news outlets – the BBC, The Economist and GQ. Wright claims to have cryptographic proof that he [...]
Government: It’s really cheap to use your phone in Europe now… so please don’t vote Brexit! April 30, 2016 The cost of using your mobile phone in Europe has been slashed today. And, not one to miss a trick, the government has used it as an opportunity to discourage people from voting for a Brexit in June's EU referendum. Digital economy minister Ed Vaizey said the change means "from today you are quite literally [...]
“We were the first ever agents to sell a building through Twitter” – Meet the social media moguls dragging commercial property sales into the 21st century April 29, 2016 While residential estate agents have been dragged into the internet age, their commercial counterparts have – mostly – continued to resist such a move. There’s no Rightmove for office blocks, or warehouses. And it was this inherent conservatism that seemed to offer a great opportunity when three young surveyors decided to set up shop in [...]
Sir Martin Sorrell’s £70m: The defence (and not just from Sorrell and WPP) April 29, 2016 Advertising giant WPP today confirmed Sir Martin Sorrell's pay package totalled £70m last year in its annual report. The figure included a £62.8m long-term bonus. In recent weeks, Sorrell has been forced to defend his pay. And, perhaps unsurprisingly, WPP's annual report also defended its chief executive and founder: “While the value of Sir Martin Sorrell’s award is very [...]
BT has hiked prices for thousands of TV, phone and broadband customers April 29, 2016 If you're a BT customer, get ready to sweat a bit as you open that bill. The company has hiked prices for thousands of customers – while promising its users that service is about to improve. The telecoms giant said line rental and the cost of its BT Sport package will both rise by £1, while the [...]
EU referendum: Film, TV and advertising sectors raise red flag over Brexit April 28, 2016 It's not just big business that is warning about the impact of Brexit – a new survey has revealed that the majority of people working in the UK's media and creative sectors think leaving the EU could damage their industries too. More than two-thirds of people (67 per cent) working in the film, TV and advertising sectors [...]
Facebook’s share price jumps after it beats expectations April 27, 2016 Facebook's share price has jumped after the social network announced results that topped already high expectations. The social media giant's share price jumped over 8.8 per cent in after hours trading. Facebook, which expected to report strong, steady growth, reported revenue of $5.4bn (£3.7bn) in the three months ending 31 March. That's against the average analyst estimate of $5.3bn, and [...]
Virgin Media pledges fibre broadband expansion to one million premises by 2019 April 27, 2016 Virgin Media has announced that it will be rolling out fibre-to-the-premises (FTTP) broadband for one million homes and businesses over the next few years. The plans are part of Virgin Media’s £3bn expansion to grow its overall network by four million premises by 2019. Rivals BT and Sky are currently trialling FTTP or deploying it in smaller [...]
Japan Tobacco International launches first tank e-cigarette across the UK April 27, 2016 Big-four cigarette maker Japan Tobacco International (JTI) has launched its first tank e-cigarette nationwide. JTI's New Logic PRO tank e-cigarettes have been available at Sainsbury's stores since January, but were launched nationwide this month and will be boosted with a TV and outdoor media campaign from 1 May. Tanks are the cartridges that hold the e-cigarette's vaping liquid [...]
Media mogul Arianna Huffington is joining the board of ride-hailing service Uber April 27, 2016 Media tycoon Arianna Huffington will join the board of directors of the ride-hailing app service Uber. Travis Kalanick, Uber's chief executive, announced Huffington's appointment to Uber, which was launched in 2009, in an article on The Huffington Post. "For those of us who know Arianna, it's clear she knows a thing or two about being an entrepreneur," [...]