Lloyds sells off Esure stake for £185m

Lloyds Banking Group has sold 70% of its stake in Esure, the online insurer, to the company’s founder Peter Wood. The stake has been bought by a management buyout vehicle to be called Esure Group Holdings Ltd, led by Esure chairman Peter Wood. The stake has been sold...

Twitter generates 1.2bn tweets in January

More than 1.2 billion ‘tweets’ were posted on micro-blogging website Twitter in January. Figures from web-monitoring firm Pingdom showed that there were 16 times as many tweets in January 2010 than there were in January 2009. “Twitter is as of...

Google to build super-fast broadband network in the US

In its continuing quest to speed up the Internet, Google has decided to build what it calls “ultra high-speed” broadband networks in some parts of the US, the company announced.The fibre networks will deliver a huge 1GB bps (bit per second) connections to...

IAB sets industry standards for online video ads

The IAB has received the backing of publisher and broadcaster members to enforce Video Advertising Standard Templates (VAST 2.0) in the UK, to bring greater consistency to online video planning and buying.The inititive has been developed by the Internet Advertising...

Guardian ditches regional newspapers for web future

Trinity Mirror has bought Guardian Media Group’s Regional Media for £44.8 million, as the local arm of the Guardian struggled to make profit last year amid falling ad sales and growing competion from the internet. Included in the sale are both GMG Regional...

Google to launch instant speech translator for smartphones

Google is set to launch a new smartphone translator tool that will be able to hear speech and translate it instantly. The Times reports that the software would take the information learned from the company’s text translation software, and Google’s existing voice...

OFT to probe Orange and T-Mobile merger

The Office of Fair Trading has cast doubt on the planned merger of T-Mobile UK and Orange, warning it could threaten competition.”The OFT’s initial view, following consultation, is that the joint venture threatens significantly to affect competition in...

Symbian opens smartphone platform to developers

Mobile software maker Symbian has made its smartphone platform open source, letting developers use and modify the platform’s underlying source code for any purpose. Until now, the source code for the platform was only open to members of the Symbian organisation....

1 in 7 marketing emails ‘undelivered in Europe’

More than one in seven legitimate marketing emails sent in Europe are not being delivered to consumer inboxes, according to a new study. The findings, from Return Path’s Email Deliverability Benchmark Report, found that in the second half of 2009, 15 per cent of...

Amazon re-lists Macmillan e-books after pricing row

Amazon has begun re-listing Macmillan e-books, following a weekend row with the publishing giant over pricing. Macmillan has been pressuring Amazon to adopt a new model for selling e-books that would give publishers more flexibility in setting prices. The publisher...

Windows 7 campaign pays off for Microsoft

Microsoft’s has seen profits increase 60% in the final quarter of 2009, attributing the success largely to its high profile marketing campaign for its new Windows 7 operating system. In its quarterly results, Microsoft reported a net profit of $6.66bn (£4.13bn) for...