Audioboom books first profit as podcast downloads grow April 14, 2021 Podcast platform Audioboom has booked its first ever profit for the first quarter after cashing in on continued growth in on-demand audio. The Aim-listed firm posted adjusted earnings before interest, tax, depreciation and amortisation of $30,000 (£22,000) in the first three months of the year, up from a $500,000 loss the previous year. The maiden [...]
Will ESG turn Bitcoin into a digital ‘stranded asset’ or monetary MySpace? (Part II) April 13, 2021 In this second instalment of a two-part piece, Ben Ashby, Derek Usher and Gerard Fox explain why environmental, social and governance (ESG) factors will undermine Bitcoin’s eye-catching rise, here focusing on the ‘S’ and ‘G’. We at Good Governance Capital (GGC) are enormously enthusiastic and supportive of innovation and competition in finance. As former mainstream [...]
Airbus rolls out boardroom shake-up as technology and defence chiefs quit April 12, 2021 Airbus this evening unveiled its biggest boardroom shake-up for two years as its technology and defence chiefs announced their departure. Dirk Hoke, head of the company’s defence and space division, and chief technology officer Grazia Vittadini will both step down on 1 July, the company said in a statement. Both are understood to be leaving [...]
Buzzfeed UK revenue falls as pandemic hits digital advertising April 12, 2021 Buzzfeed UK’s revenue dropped last year as the online media group battled the impact of the Covid-19 pandemic on the online advertising market. The website’s UK division, which also covers its international operations outside the US, posted a 16 per cent decline in revenue to £18.9m in 2020. However, Buzzfeed said an aggressive cost-cutting strategy [...]
Post Office draws up plan to share profits with postmasters April 12, 2021 The Post Office is said to be considering plans that would enable postmasters to receive a share of the group’s profits. In a speech to senior executives last week, boss Nick Read said he wants ministers to approve a restructuring of the network that would create a “partnership of equals” by 2025. The plans would [...]
Suspect charged with murder of London hotelier Sir Richard Sutton to appear in court today April 12, 2021 A man will appear in court today, charged with murdering millionaire Sir Richard Sutton, who owned a string of top hotels in London. Yesterday, Thomas Schreiber, 34, was charged with murder, attempted murder and dangerous driving. Schreiber is due to appear before Poole Magistrates’ Court today. Schreiber was arrested on suspicion of murder in Hammersmith [...]
Bloomberg: data accessibility is the key to the future of work April 12, 2021 At Bloomberg, we’ve learned from experience how to weather market disruptions over nearly four decades serving the global financial community. From the 1987 market crash to the global financial crisis of 2008, we have proven our ability to help our customers quickly adapt and remain productive. When Covid-19 hit in early 2020, we recognised similarities [...]
Museum of London: From the Great Fire to the Black Death, the City has always carved out a bright future April 10, 2021 Last week, I cycled into work for my first day in the office since December. I had the galleries and all of the glorious parts of our collections all to myself. A treat, some might say. But as Museum Director, what makes my life in my little corner of the City of London meaningful are [...]
COP26: Is the City ready for its leading role in the fight against climate change? April 10, 2021 Windows were smashed at Barclays headquarters this week by climate activists who urged the bank to cut its climate destructive investments. Last week campaigners painted the Bank of England (BoE) black in a bid to raise the alarm on the institution’s funding of Big Oil. Where money goes within the City is under more scrutiny [...]
Keith Pelley interview: European Tour chief on PGA Tour alliance, why 2021 is even tougher than 2020, and when fans can return to golf April 9, 2021 Since 14 April 2020, Keith Pelley has been getting used to a new way of starting each day. At 7:45am the chief executive of golf’s European Tour dials into a conference call with 14 colleagues to discuss which tournaments are on, which are off and need replacing at short notice, and which hang in the [...]