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Monday.com lays off hundreds to focuses on AI
Monday.com, the Israeli workplace software company, is laying off around 630 employees, roughly 20% of its workforce, as part of a restructuring effort to focus more heavily on artificial intelligence. The move follows the company’s earlier pivot this year to make its AI Work Platform a central part of its product, reflecting a belief that…
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London loses again: FTSE 100 landlord Segro will be missed
Segro, the FTSE 100’s largest listed commercial landlord, has agreed to a takeover by US property giant Prologis after a brief attempt to resist the approach. The deal, worth around £14bn, is the biggest takeover of a London-listed company so far this year and marks another blow to the UK stock market, which has seen…
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Inside the first accounts of Rock Bidco, the London company Sony used for its $1B+ Queen deal
Sony Music Group’s first annual accounts for Rock Bidco Ltd, the London vehicle it used to buy Queen’s catalogue, reveal that the company received £1.079 billion from its US parent, SMG-One LLC, as an “irrevocable, interest-free advance subscription” rather than a loan. The filing, made without ever naming Queen directly (referring only to “a legendary…
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Muvox drops its patent lawsuit against BMG, then sues Apple and Amazon over the same patent
Muvox LLC has withdrawn its nearly two-year-old patent lawsuit against BMG Rights Management, only to file fresh infringement suits against Apple and Amazon a day later, all centred on the same patent. The move keeps alive a pattern in which the New Mexico-based firm, described as a non-practicing entity, has spread claims over a single…
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Segro board U-turns on £14bn takeover bid by US rival Prologis
Segro, the FTSE 100 warehouse landlord, has reversed course and agreed to recommend a £14bn takeover offer from its larger US rival, Prologis, after rejecting three earlier approaches over the past month. The board said it had “unanimously concluded” it would back the “best and final offer”, made just hours before a regulatory deadline, in…
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Successful female realtor is named surprise suspect in 2012 cold case murder of woman stabbed more than 100 times after shadowy figure was seen approaching her apartment
A woman working as a successful estate agent has been named as the surprise suspect in the 2012 cold case murder of another woman, who was stabbed more than 100 times in her apartment. The case had gone unsolved for over a decade, with the killing notable for a shadowy figure reportedly having been seen…
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Wisconsin woman’s honeymoon ruined by diarrhea after she came down with Cyclosporiasis
A woman from Wisconsin has spoken publicly after her honeymoon was disrupted by severe diarrhoea caused by cyclosporiasis, a diarrhoeal illness caused by the parasite Cyclospora cayetanensis. Her ordeal was reported amid a wider outbreak of the illness that health authorities in the United States are continuing to monitor, drawing attention to a food-borne infection…
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Tough-talking mayor tells locals to stop whining after they made spate of complaints about design of new drivers’ license
A local mayor has publicly rebuked residents for complaining about the design of a newly issued driver’s licence, telling them to stop “whining” about its appearance. The rebuke follows a wave of public criticism over the redesigned licence, though the mayor’s blunt response has itself become a talking point, with some seeing it as refreshingly…
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Analyst Says Sony Killing Physical PS5 Games “Dooms” Brick-And-Mortar Stores
Sony plans to stop producing physical PlayStation game discs in January 2028, prompting analyst Michael Pachter of Wedbush Securities to warn that the shift could severely damage high-street game retailers. He argues that the used-games market helps consumers fund new purchases through trade-ins, and that losing physical discs would remove a key part of that…
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Burnham Assumes Labour Leadership, Reshuffles Cabinet as Party Reconciles Starmer’s Exit
Andy Burnham has become Prime Minister following Keir Starmer’s departure, promptly restructuring his cabinet by removing officials aligned with his predecessor whilst advancing new policy commitments, including a £2 cap