Essensys shares shoot up as flexible workspace software provider beats estimates August 29, 2024 Shares in software platform essensys climbed as much as 20 per cent on Thursday morning after it said it expected to report revenue, earnings and cash flow ahead of market expectations in its full year results. Essensys, which provides software and technology to the flexible workspace industry, has projected revenue of £24m and an adjusted [...]
Starmer’s civil service cronies set a dangerous precedent August 28, 2024 In appointing donors, yes-men and activists to senior roles, the Labour leader is undermining a cornerstone of our democracy: civil service impartiality, says James Price After years and years of criticising the Tories, Labour were meant to be different. We were told that they would be a breath of fresh air, restoring rectitude and ethical [...]
Venice Film Festival: An insider’s guide to all the gossip, parties and deals August 27, 2024 The 81st Venice Film Festival kicks off tomorrow and it’s set to continue its legacy as a hotbed of dealmakers, party goers and luxury brand sponsorship. Our man on the inside gives the lowdown on what to expect this time around. “The Ghost with the Most is Back” proclaim the Venetian billboards for Tim Burton’s [...]
Pavel Durov: Telegram founder arrested over app’s alleged child protection failings August 26, 2024 Telegram has said its chief executive has "nothing to hide" after his arrest in France over the platform's alleged failings in moderating criminal activity, including the spread of child sexual abuse material.
Telegram chief Pavel Durov arrested at Paris airport August 25, 2024 The founder and chief executive of the popular encrypted messaging service Telegram has been detained at an airport in Paris, French media reported on Sunday. Pavel Durov was held at Paris-Le Bourget airport on Saturday evening after arriving in France from Azerbaijan, according to broadcasters LCI and TF1. Investigators from the National Anti-Fraud Office, attached [...]
Storm Lilian: British Airways cancels flights as Leeds Festival shuts two stages August 23, 2024 The impending chaos from Storm Lilian is already causing massive disruption across the UK as millions of Brits look to get away for the Bank Holiday Weekend. Weather warnings have been issued on Friday as the tail-end of the hurricane has brought strong winds exceeding 70mph to northern parts of England and Wales on Friday, [...]
Bank of England warned to be wary of public sector pay deals August 23, 2024 "The big risk is that by setting a benchmark for private sector firms, these pay deals prevent wage growth and services inflation from falling much further," Ashley Webb, UK economist at Capital Economics said.
Former Fujitsu supplier Escher Group eyes London stock market comeback August 22, 2024 Escher Group, a former supplier to Fujitsu, the tech giant embroiled in the Post Office scandal, is reportedly planning a return to the London Stock Exchange after its delisting in 2018. The software company is working with bankers from Singer Capital Markets on a potential initial public offering (IPO) that could occur as early as [...]
Harry Potter maker’s TV arm surges back into the black as turnover triples August 22, 2024 The television division of the production company behind the likes of the Harry Potter film franchise, the Paddington movies and box office smash Barbie surged back into the black in 2023. Heyday Television has reported a pre-tax profit of £281,000 for its latest financial year after having posted a pre-tax loss of £752,000 in 2022. [...]
Nexxen pays down debt pile after record revenue August 22, 2024 The Nasdaq-listed group noted better sales execution, scaling CTV partnerships and improved market conditions for the bumper set of results.