B2B Engagement

JD Sports to buy Footasylum for £90M

JD Sports has made an offer to purchase clothing and shoe retailer Footasylum for £90.1m. JD Sports already owns 18.7% of Footasylum – buying a stake last month. Footasylum has been going through a difficult period. In September, it warned of weaker than expected profits following poor trading over the summer. Shares more than halved after that […]

WorldPay payments firm in $43bn sale to US rival

A payment processing firm that used to be owned by Royal Bank of Scotland has been sold in a deal worth $43bn (£32bn). WorldPay has been bought by Florida-based Fidelity National Information Services (FIS) for $35bn in cash and shares, plus WorldPay’s debt. FIS sells payment services and also software for the finance industry. WorldPay […]

Coca-Cola reveals how much plastic is used for the first time

For the first time, Coca-Cola has revealed it used three million tonnes of plastic packaging in one year. It’s part of a report by the Ellen MacArthur Foundation which is pushing for companies and governments to do more to tackle plastic pollution. In total, 150 companies are pledging to reduce their plastic usage as part of the […]

IBM used Flickr photos for facial recognition project

IBM has been accused of using Flickr photos for a facial-recognition project, without the full consent of people in the images. The company extracted nearly one million photos from a dataset of Flickr images originally compiled by Yahoo.Many people pictured were probably unaware of how their data had been used, according to an NBC News report. […]

Just Eat profits up amid merger pressure

Food delivery service Just Eat has defended itself against a disgruntled shareholder by reporting a sharp rise in 2018 revenue. Fund manager Cat Rock has been calling on the delivery company to seek a merger with a rival. But Just Eat’s chairman Mike Evans said the “strategy set out last year is working”. Revenue rose […]

Survey Monkey to acquire Usabilla to expand customer feedback capabilities

SurveyMonkey a leading global survey software company, announced today that it has entered into an agreement to acquire Usabilla, a leading global Voice of Customer (VoC) technology provider. Usabilla empowers over 450 enterprises in 35 countries, including global brands like Lufthansa, Philips, and Vodafone, to collect, analyse, and act on real-time user feedback to improve […]

Paperchase proposes store closures to cut costs

Stationer Paperchase has proposed a restructuring that involves the closure of five of its 145 stores. Another 23 stores will be at risk as it tries to cut their rents by 50%. The retailer is involved in a company voluntary arrangement (CVA) renegotiating terms with its creditors. Paperchase has been hit by fewer customers, increased […]

Ride hailing company Lyft losses grow ahead of $25bn floatation

Lyft, the ride-hailing company, has revealed that it is yet to make a profit ahead of an initial public offering (IPO) which could value the firm at between $20bn and $25bn. The company is racing its larger ride-sharing rival Uber to list its stock. In its prospectus, Lyft published detailed financials for the first time, […]