Facebook exec checks out to front Tech City October 22, 2012 A TOP Facebook executive has fled the social network to head the government’s Tech City project, in a boost for Number 10’s plans to build a Silicon Valley rival in East London. Joanna Shields, Facebook’s vice president in charge of the social network’s European, Middle Eastern and African operations, will become chief executive of Tech [...]
Google takes on rivals with Nexus 7 tablet June 27, 2012 GOOGLE last night unveiled its first own-branded tablet, putting it in direct battle with giants Apple, Amazon and Microsoft. The Nexus 7, developed with Taiwanese firm Asus, is a seven-inch tablet with a front-facing camera built around Android software. Google, which is already taking advance orders for the device, will sell an 8GB version from [...]
Sales of ebooks spur publishing market growth September 18, 2012 EBOOK sales are driving the book market to growth despite falls in print revenue, with sales of the format almost trebling in the first half of the year, data showed yesterday. Figures from the Publishers Association (PA)’s Sales Monitor report showed that digital sales – ebooks, audiobook downloads and online book subscriptions – had risen [...]
What the other papers say this morning September 13, 2012 FINANCIAL TIMES Deutsche Bank urges rivals to share Deutsche Bank is seeking to convince rival investment banks to share markets and trading software in an effort collectively to lower costs for the financial industry. Law firms queue up for FSA panel City law and accountancy firms are jostling for the opportunity to earn bumper fees [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 5, 2012 FINANCIAL TIMES Greek bank head sent savings abroad A political row has erupted in Athens after the former head of a big Greek state bank admitted to transferring €8m (£6.4m) of personal savings abroad to buy a London property months before his Agricultural Bank headed towards insolvency. Theodoros Pantalakis, former chief executive of Greece’s Agricultural [...]
Action, culture, and food on the Cornish coastline January 20, 2013 THERE ARE some things that, on visiting Cornwall, just have to be done. Eat a Cornish pasty? It would be rude not to. Wolf down a calorie-laden afternoon tea of scones with jam and clotted cream? Why, yes. Stand gazing at the sky from a golden beach and say: “The light is so amazing here?” [...]
Mega deals yet to make Bango the big bucks June 25, 2012 MOBILE payments firm Bango yesterday reported widening losses in the year to 31 March and said its recent deals with tech giants Amazon and Facebook have yet to deliver the goods. The Aim-listed company posted a total loss of £930,000 for the year, compared to £700,000 the year before, as revenues dropped by almost a [...]
Vodafone and Barclays check in to Tech City August 2, 2012 A HOST of technology firms have announced new ventures in London today, with companies including Barclays and Vodafone investing in the government’s Tech City project. The companies are plunging money into accelerator programmes, designed to provide startups with funds and expertise, in the East London hub. Vodafone said yesterday it plans to have its operation [...]
Google buys social marketing firm in bid to expand ad reach July 31, 2012 GOOGLE said last night it had purchased social marketing firm Wildfire, in a deal believed to be worth around $250m (£159.5m). Wildfire, which provides software that helps businesses manage their presence on social networks, has a list of clients including Amazon and Sony. Its expertise will allow Google to understand advertisers’ demands as social advertising [...]
Shops look to new payment methods to escape card fees July 22, 2012 RETAILERS are shunning credit cards as shoppers embrace mobile phone and contactless payments, research released today shows. Shops are rushing to fit tills with the technology and online sellers are using e-payment methods such as PayPal to avoid costly credit card processing fees, according to the British Retail Consortium (BRC). Just under 30 per cent [...]