Katie Prescott
Technology Business Editor at The Times
Technology Business Editor & co-host of The Times Tech Podcast @TheTimes ~ find me here @katieprescott.bsky.social ~ or ✉️ [email protected]
Articles
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6 days ago |
thetimes.com | Katie Prescott
Sir Martin Sorrell’s S4 Capital followed two profit warnings in the past year with an 11.4 per cent drop in first-quarter sales as tech clients continued spending on AI rather than marketing. The Europe and Middle Eastern region showed the largest fall in like-for-like revenue, down more than 17 per cent from the year before, while the US was down 11 per cent and Asia-Pacific was down by 13.6 per cent.
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1 week ago |
thetimes.com | Katie Prescott
Tony Xu and Will Shu have a lot in common. Both are in their early forties; the American entrepreneurs founded the food delivery businesses DoorDash and Deliveroo in 2013 on either side of the Atlantic; and they went public almost at the same time too, during the Covid years.
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1 week ago |
thetimes.com | Katie Prescott
Deliveroo has accepted a £2.9 billion offer from US rival DoorDash, netting a potential £185.6 million payday for its founder Will Shu. The 180p-a-share deal, which Deliveroo recommended to shareholders on Tuesday, represents a 29 per cent premium to the 140p closing price before the offer was announced. Should it go through, it will take the company off the public London market where it has consistently underperformed expectations since being floated at 390p a share in 2021.
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1 week ago |
thetimes.com | Katie Prescott
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Jan 9, 2025 |
thetimes.com | Katie Prescott
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