Sorrell’s S4 Capital sees earnings slip amid rapid expansion September 11, 2019 Sir Martin Sorrell’s S4 Capital has posted a decline in earnings for the first half as the advertising company splashed the cash on acquisitions and staff expansion. Read more: Martin Sorrell’s S4 Capital buys influencer agency IMA The figures S4 Capital’s revenue rose 42 per cent to £88m in the six months to the end [...]
Softbank to launch £4.2bn share buyback as profits soar February 6, 2019 Softbank has unveiled a ¥ 600bn (£4.2bn) share buyback scheme today, as its wide-ranging portfolio of tech investments provided a boost to quarterly profits. The Japanese technology and telecoms giant said it would buy 112m shares over the next 11 months, which equates to about 10.3 per cent of its total outstanding shares. Chief executive Masayoshi [...]
The ethical executive is coming to a boardroom near you February 3, 2020 We are undergoing a paradigm shift in our political, economic, and commercial worlds — and it’s truly stranger than fiction. Donald Trump, Brexit, Cambridge Analytica, the weaponisation of data, deep fakes, and artificial intelligence (AI) — phenomena that would have seemed inconceivable a decade ago are now our day-to-day reality. While some businesses are ahead of [...]
Facebook cryptocurrency Libra dealt fresh regulatory blow by G7 October 14, 2019 Facebook’s Libra digital currency project must not go ahead until the social media giant demonstrates it is safe and secure, according to a G7 report. The world’s largest economies warned that cryptocurrencies such as Libra pose a threat to the global financial system and backers must ensure the coins are not used to launder money [...]
Go-Ahead shares thrive as it predicts higher sales June 6, 2019 Go-Ahead expects revenues to be higher than originally thought in its London and international bus division, it said today. Read more: Go-Ahead appoints new interim chief financial officer The transport company also said it has seen its growth in passenger volumes and revenues in all regional bus businesses. That sent Go-Ahead’s share price soaring 9.4 [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Self-driving cars to hit UK roads by the end of the year February 6, 2019 Completely driverless cars could be on UK roads by the end of this year, after the government today said it would be overhauling existing regulations. The change by the Department for Transport will allow self-driving cars to be trialled on any public road without a human safety driver behind the wheel, however they must have [...]
Slack surges on public debut at $25bn valuation June 21, 2019 Shares of workplace messaging app Slack soared in its first session as a publicly-traded company today, rising nearly 60 per cent to value the firm above $25bn (£19.7bn). The tech firm had used a direct listing model to go public on Wall Street, opting to not raise any additional capital after several large funding rounds [...]
Banks aren’t keeping up with the rise of the intangible economy August 30, 2019 Innovation is the key to growing the economy and creating prosperity. It creates new industries, transforms old ones, and often generates well-paid jobs. Today, innovation usually relies on the investment in and the growth of intangible assets, such as software, data, networks, and design. But the financial system has failed to keep pace with innovation. [...]
TfL extends Addison Lee’s London licence by another five years as Uber’s licence battle continues January 12, 2018 Transport for London (TfL) has extended Addison Lee’s licence to operate in the capital for another five years, as Uber’s battle to regain its licence continues. Minicab firm Addison Lee said today that its licence “has been routinely renewed by Transport for London”. A spokesperson for the firm said: “Addison Lee looks forward to continuing [...]