Online share of grocery sales hits record level during third lockdown March 1, 2021 The third national lockdown pushed the share of online grocery sales to a record high in January, double the level the previous month. The pandemic has accelerated the shift to online shopping with Britain’s big four supermarkets expanding their capacity during the crisis. The online share of grocery sales hit 16 per cent in January, [...]
US outlines new global plan to tax tech titans April 8, 2021 The US has put forward a new plan on global corporate taxes in an effort to resolve disagreements over upcoming tech tax reforms. President Joe Biden’s administration has submitted proposals that would see tech giants and other large multinational corporations pay higher taxes in countries in which they operate, regardless of their physical presence in [...]
Balancing the books: Murdoch’s News Corp tables bid for Simon & Schuster November 17, 2020 Rupert Murdoch’s media empire is said to have tabled a bid for Simon & Schuster, the publishing giant behind best-selling authors including Stephen King and Dan Brown. Simon & Schuster was put up for sale by its owner, US media conglomerate Viacom CBS, following a strategic review in March. Murdoch’s News Corp has now entered [...]
Facebook forced to delay results as tech giants size up Super Thursday July 27, 2020 Facebook has been forced to push back its second-quarter results due a scheduling clash, putting the earnings of all four major US tech giants on the same day. Facebook, Apple, Amazon and Google will now all report their quarterly earnings after markets close on Thursday. The chief executives of the four companies are also set [...]
Bloomsbury hikes profit forecasts again as Brits binge on books March 24, 2021 Bloomsbury today lifted its revenue and profit forecasts for the second time in as many months as it hailed “exceptional” sales as a result of the pandemic. The publishing house, best known for the Harry Potter series, said it expected revenue of £171m in the year to the end of February, while pre-tax profit is [...]
The blockchain virtual machine protecting itself from Orwellian CBDCs October 20, 2022 Dr Chris Kacher hails the value of blockchain and the metaverse, but gives both barrels to the notion of CBDCs.
Tom Clancy’s Without Remorse: Michael B Jordan in so-so thriller April 29, 2021 The latest in the long line of cinema releases that have migrated to streaming, Michael B Jordan hopes to kick off another franchise in an adaptation of this Tom Clancy novel, itself a spin-off of the Jack Ryan series. He plays John, a committed Navy SEAL who is part of a raid in Syria that [...]
Facebook smashes revenue expectations as more people login in lockdown July 30, 2020 Social media behemoth Facebook has smashed analyst expectations in the second quarter, beating predictions for advertising revenue, earnings per share and user numbers. Shares in the social network shot up 7.8 per cent in after hours trading. In total, revenue rose from $16.9bn last year to $18.7bn in the past three months, ahead of analyst [...]
Netflix and Amazon cash in on British streaming market with double the revenue of UK services May 29, 2019 Netflix and Amazon’s revenues from UK streaming customers last year was £1.1bn, twice the amount the Britain’s biggest broadcasters made from their own streaming platforms. Netflix made around £693m in revenues from its UK subscriber base of 10m people last year, while Amazon generated £400m from 7.7m subscribers to its Prime Video platform. The figures, [...]
Boris Johnson tells firms to ‘wait for Budget’ for verdict on business rates holiday extension February 10, 2021 Boris Johnson has said there will be no announcement on a potential extension to the business rates holiday until the 3 March Budget. The Prime Minister told MPs today that the “government is committed to supporting businesses and people’s livelihoods throughout the pandemic” and that UK businesses should “wait for the chancellor’s Budget to explain [...]