Klarna swoops in to buy collapsed rival Laybuy August 21, 2024 Buy-now pay-later (BNPL) giant Klarna has snapped up its collapsed rival Laybuy after the Kiwi fintech folded into receivership earlier this year, City A.M. has learned.
‘Multiple’ Lord of the Rings films officially being made 20 years after Peter Jackson trilogy February 24, 2023 We’re going back to Middle Earth: the first new Lord of the Rings films in 20 years are being made, it has been confirmed. Warner Bros has confirmed new feature films are in the making, 20 years after Peter Jackson wrapped the epic trilogy that broke box office records, making $2.9 billion (£2.41 billion) at [...]
Sainsbury’s: ‘Food inflation starting to fall’ as supermarket giant reports grocery sales surge by 11 per cent July 4, 2023 Sainsbury’s has claimed “food inflation is starting to fall” as it recorded an 11 per cent hike in grocery sales in the first leg of the year. The ‘Big Four’ grocer, recorded an inflation-led 9.8 per cent like-for like-increase in total retail sales excluding fuel in the first quarter of the year up from 4 [...]
‘Heartbroken’: Major buy-now pay-later firm collapses after failing to find a buyer June 17, 2024 Buy-now pay-later firm Laybuy has collapsed into receivership today after efforts to find a rescue buyer failed.
Microsoft trumps Amazon in refusal to sell facial recognition software to police June 11, 2020 Microsoft has become the third tech giant to declare a moratorium on selling its facial recognition software to police, as companies weigh in on the global debate surrounding the latter’s use of violence against communities of colour. Though it does not currently sell its technology to police, Microsoft president Brad Smith said that it will [...]
Netflix picks up 2.4m subscribers ahead of advertising model roll-out October 19, 2022 Streaming giant Netflix picked up 2.4m subscribers in the last quarter, as it looks to roll out a new advertising model next month. Its revenue, income and membership exceeded expectations in the third quarter of the year, driven by major hit series sun as The Jeffrey Dahmer Story, Stranger Things S4, Extraordinary Attorney Woo, The [...]
Funding boycotts are ‘irresponsible, entitled and childish’ May 20, 2024 The debate over whether artists should accept funding from Baillie Gifford has continued to rage in recent weeks.
Netflix ends DVD postal service: ‘Booster rocket’ for streaming wound down after 25 years April 19, 2023 Netflix is ending its postal DVD service after 25 years in a bid to boost subscribers and better its service amid an increasingly competitive streaming space. In a letter to shareholders, the company described the DVD service as “the booster rocket that got streaming to a leading position,” but added that the business was shrinking [...]
Retail groups call for business rates reform to save Britain’s high streets April 17, 2023 Retail and hospitality groups have called for urgent reform of business rates, which are contributing to shop closures and job losses. “Retail accounts for 5 per cent of the economy but pays more than one-fifth of business rates,” Helen Dickinson, British Retail Consortium (BRC) chief executive, said. “The overall industry tax take is unsustainably high [...]
One Media IP: broker upgrades forecast for ‘only UK-listed alternative to Hipgnosis’ April 29, 2024 Broker Cavendish said it believes One Media IP remains the only UK listed avenue for investors to gain exposure to music royalties.