Microsoft to open first UK store in London, one minute away from Apple’s Oxford Circus store May 30, 2019 Microsoft has announced it will open a UK flagship store in London this summer. The tech giant’s first physical UK store will open in Regent Street on 11 July, just a one minute walk away from Apple’s London flagship branch. Read more: Stockwatch: When you should buy Amazon and Microsoft The branch near Oxford Circus [...]
Facebook ‘still flooded with fake reviews’ despite regulator warning August 6, 2019 Facebook is failing to crack down on a “thriving” marketplace of fake reviews on its website, despite being told by regulators to tackle the problem, a new investigation has revealed. Consumer group Which found dozens of groups on the social media site that recruit people to write fake reviews on ecommerce sites such as Amazon [...]
TV advertising revenue stalls as viewers switch to streaming March 21, 2019 TV advertising revenue growth stalled last year as traditional broadcasters continue to lose ground to streaming services. Overall revenue totalled £5.11bn in 2018, equal to the amount invested during the previous year, according to figures from industry body Thinkbox. Read more: Advertising outlook clouds picture at ITV The stagnating figures highlight the challenge faced by [...]
Debenhams chief executive Sergio Bucher steps down after lenders take control April 19, 2019 Debenhams chief executive Sergio Bucher has stepped down, nine days after the embattled department store's lenders took control. The group’s non-executive chairman Terry Duddy has been appointed interim executive chairman until a permanent replacement is found, Reuters reported. Read more: Mike Ashley among Debenhams shareholders wiped out Duddy will oversee a major store closure programme, which is expected [...]
Does WeWork spell the end of the unicorns? November 4, 2019 WeWork has undergone a dramatic fall from grace recently. Just two months ago the office rental start-up was expecting to offer shares to the public at a total business valuation of $47 billion. This soon halved and then investors rapidly pulled their support for an initial public offering (IPO) above $12 billion. The IPO was [...]
San Francisco becomes first US city to ban facial recognition software May 15, 2019 San Francisco officials have voted to ban the use of facial recognition technology by local authorities in the latest regulatory clampdown on tech giants. The city’s board of supervisors voted eight to one in favour of the legislation, which would also require police and government departments to submit surveillance technology policies for vetting. Read more: [...]
Carbon chief: A green economy will be cheaper than you think June 20, 2019 The cost of ridding Britain of emissions by 2050 will not be as high as reported, the head of the Committee on Climate Change has said. His comments come after chancellor Philip Hammond claimed that the plans, adopted last week by the government, will cost the UK more than £1 trillion. Read more: Global banks [...]
Amazon overtakes Google as world’s most valuable brand February 1, 2018 Amazon has overtaken Google as the world's most valuable brand in the latest tussle of the tech giants. The retail and technology behemoth which just yesterday announced a move into healthcare, is valued at $150bn (£106bn), new research reveals, a rise of more than 40 per cent which helped it leapfrog Google. Apple maintained its [...]
Video streaming to fuel £10bn growth in UK media sector by 2023 June 6, 2019 The surging demand for video streaming services will drive a £10bn growth in the UK’s entertainment and media sector over the next five years, according to a report published today. The booming industry is set to be worth £80bn in 2023, up from the £70bn projected for this year, according to professional services firm PwC. [...]
Premier League TV rights: Amazon purchases first TV rights package to show 20 live Premier League matches from 2019/2020 season June 7, 2018 Amazon will show 20 Premier League matches a season for three years from 2019, and these will be available to the tech giant’s Prime members in the UK. From the 2019/2020 season, UK Prime members will have access to watch 20 matches a season, and will show one round of midweek games in December, and [...]