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Story In Numbers
10 minute DDoS raid
Thursday 25 May 2017The vast majority of ‘distributed denial of service’ (DDoS) cyber-attacks are over before most organisations even realise they are happening, experts say. Most last less than 10 minutes, says Andrew Lloyd, the sales and marketing chief of DDoS defence specialist Corero Network Security ( CNS:AIM...
2.9 million people visited UK from overseas in March
Thursday 25 May 2017The UK attracted 2.9m overseas visitors in March 2017, an impressive 11% jump from the same month in 2016. That’s according to data from Office for National Statistics. This should benefit hoteliers, retailers and airport operators. Overseas visitors are also spending more as they coughed up a...
Johnston relying too much on the ‘i’
Thursday 25 May 2017Just consider the trouble newspaper business Johnston Press ( JPR ) would be in, if it hadn’t completed the £24m acquisition of the ‘i’ newspaper last April. Its latest trading update (19 May), covering the first four months of 2017, shows total revenue up 0.2%. Without the ‘i’, Johnston would have...
3 years: Back into the black
Thursday 18 May 2017Microwave and radio frequency kit designer Filtronic ( FTC:AIM ) will report its first pre-tax profit after three years of red ink. The company, whose technology is used in mobile phone masts and base stations, has enjoyed a spell of strong trading that means it is likely to beat market...
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$19m: Paddy Power’s fantasy bet
Thursday 18 May 2017Paddy Power Betfair ( PPB ) has paid $19m initial consideration for a daily fantasy sports business that isn’t forecast to break even for another two years. The acquisition is a business called DRAFT which offers something similar to fantasy football leagues, albeit focused on the major US sporting...
11%: Fosun increases its stake in Thomas Cook to 11%
Thursday 18 May 2017Shanghai-based investment company Fosun has increased its stake in travel agent Thomas Cook ( TCG ) to 11%. Two years ago, the group backed by billionaire Guo Guangchang took a 5% stake in the company for £91.8m. According to media reports, Fosun wants to use its stake in Thomas Cook to start...
£900m: High street bank returns to full private ownership
Thursday 18 May 2017UK taxpayers Can enjoy a £900m windfall from the Government’s bailout of Lloyds Banking ( LLOY ) . Chief executive Antonio Horta Osorio says taxpayers got back this sum above the amount put in to save the bank in 2009, once dividends are included. Chancellor Philip Hammond has warned the 72% stake...
$502m: Improbable UK ‘Unicorn’
Thursday 18 May 2017This is the amount of fresh growth funding secured by Cambridge-based virtual reality start-up, Improbable. The firm’s technology is typically used in gaming design but founders Herman Narula and Rob Whitehead have much wider applications in mind in future. The new cash comes from Japan’s Softbank...