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Future: Go Compare owner announces share buyback

13 hours ago | cityam.com | Saskia Koopman

Friday 16 May 2025 7:44 am Future: Go Compare owner announces share buyback Tech Reporter Future PLC: Marie Claire owner defies ad slump with strong profit margin Future has reported a robust set of half year results, with profits and margins holding firm despite a three per cent drop in revenue. In the six months to 31 March, the London-headquatered media platform posted adjusted operating profit of £100.7m, down five per cent from the same period last year. Profitability remained resilient...
Org Group acquires UK tech recruitment firm in global expansion

14 hours ago | cityam.com | Saskia Koopman

Friday 16 May 2025 6:00 am | Updated: Thursday 15 May 2025 8:11 pm Org Group acquires UK tech recruitment firm in global expansion Tech Reporter Org group acquires UK tech recruitment firm Venturi Multinational professional services firm Org Group has acquired Manchester-based technology recruitment firm Venturi, in a strategic move that expands its presence in Germany and the US, and strengthen its capabilities in digital talent acquisition. The acquisition bolsters the group’s growing...
MPs demand 'farm tax' pause

20 hours ago | cityam.com | Ali Lyon

Thursday 15 May 2025 11:59 pm | Updated: Thursday 15 May 2025 8:05 pm ‘Disregard for the vulnerable’: MPs demand ‘farm tax’ pause Senior reporter LONDON, ENGLAND – FEBRUARY 10: A row of tractors drive in Westminster during a Farmers Protest on February 10, 2025 in London, England. Farmers gather in central London to protest against changes to inheritance tax rules for land ownership for farmers. (Photo by Alishia Abodunde/Getty Images) Plans to levy inheritance tax on farmland threaten the...
Rents near Elizabeth line stations rocket up a third since opening

1 day ago | cityam.com | Amber Murray

Thursday 15 May 2025 3:55 pm Rents near Elizabeth line stations rocket up a third since opening Retail Reporter TfL Image – Elizabeth line passengers Rents for homes near recently-added Elizabeth line stations have shot up by more than a third since 2022 as the housing crisis in the capital continues to intensify. This rise outstrips the average rental cost rises of a quarter seen across Greater London during the same time period. “When new transport connections open up, there is always a...
Cyber attack: Coinbase warns of $400m hit after data breach

1 day ago | cityam.com | Saskia Koopman

Thursday 15 May 2025 3:40 pm | Updated: Thursday 15 May 2025 3:41 pm Cyber attack: Coinbase warns of $400m hit after data breach Tech Reporter Coinbase warns of $400m hit after data breach Crypto exchange Coinbase has disclosed a significant cyber attack that could cost the company between $180m (£135m) and $400m (£300m), after hackers breached account data belonging to a “small subset” of its users. The news sent shares down three per cent in pre-market trading on Thursday. Coinbase said it...
Dior latest retailer to be targeted by cyber attack

1 day ago | cityam.com | Saskia Koopman

Thursday 15 May 2025 2:40 pm Dior latest retailer to be targeted by cyber attack Tech Reporter Rosamund Pike attends the Dior Cruise 2025 show at Drummond Castle, Perthshire. Credit: Andrew Milligan/PA Wire French luxury house Dior has confirmed a cyber attack resulting in a data breach that compromised personal customer information, primarily in China, as cyber security threats continue to plague the retail sector. The company said the breach was discovered on 7 May and involved...
North Korean hackers use fake WFH jobs to infiltrate UK firms

1 day ago | cityam.com | Saskia Koopman

Thursday 15 May 2025 2:17 pm North Korean hackers use fake WFH jobs to infiltrate UK firms Tech Reporter North Korean hackers use fake WFH jobs to infiltrate UK firms North Korean state-backed hackers are using AI generated resumes and stolen identities to infiltrate UK firms, under the guise of remote IT working. According to a new threat report from Crowdstrike, the group – known as ‘Famous Chollima’ – has pivoted its focus from the US to the UK and Europe after a string of high-profile...
Rental crisis to worsen in the next decade

1 day ago | cityam.com | Amber Murray

Thursday 15 May 2025 12:31 pm Rental crisis to worsen in the next decade, says UK’s biggest landlord Retail Reporter Grainger does not expect the rental crisis to ease by 2031 Grainger said it expected rental demand to grow 20 per cent from its 2021 level by 2031, far above growth in housing supply. Grainger operates over 9,100 rental properties throughout England and Wales, as well as £3bn of residential assets in the UK and Germany. While rental inflation has slowed from its double-digit...
B&M appoints ex-Tesco executive as new CEO

1 day ago | cityam.com | Amber Murray

Thursday 15 May 2025 10:14 am | Updated: Thursday 15 May 2025 10:15 am B&M appoints ex-Tesco executive as new CEO Retail Reporter Alex Russo stepped down as CEO of B&M in February. Credit: Joe Giddens/PA Wire Household goods retailer B&M has appointed ex-Tesco executive Tjeerd Jegen as its new CEO. Jegen will succeed Alex Russo, who joined the company in 2020 and was promoted to the top job in 2022. Group CFO Mike Schmidt will continue to lead the business until 16 June. “The retirement of...
Tech tycoon Mike Lynch's 'unsinkable' yacht sank due to design flaw, report finds

1 day ago | cityam.com | Saskia Koopman

Thursday 15 May 2025 9:58 am Tech tycoon Mike Lynch’s ‘unsinkable’ yacht sank due to design flaw, report finds Tech Reporter Tech tycoon Mike Lynch’s ‘unsinkable’ yacht sank due to design flaw, report finds A British investigation has found that fatal design flaws left tech entrepreneur Mike Lynch’s £32m super yacht Bayesian dangerously vulnerable to capsizing – contradicting builder claims that the vessel was “unsinkable”. Lynch, often dubbed “Britain’s Bill Gates”, for his role in founding...