The Tesco accounting fiasco has come back to haunt the supermarket giant this morning as it faces up to a GBP129m fine from the Serious Fraud Office for overstating profits, Sky News reports. The company had included payments it had yet to receive to post artificially inflated good figures. Including the "hit" it is taking on the inflated figures, the episode has cost Tesco GBP235m
According to ad-blocking analytics site AdBack, "The Daily Mail" is the worst affected site, losing GBP16.2m a year to people barring digital advertising. eMarketer reports that British sibling sites theladbible.com and thesportbible.com are in in second and fifth place, respectively, with Amazon and Yahoo sitting in between.
Including advertising in news brands makes a campaign 36% more likely to deliver a "large" profit for advertisers and 85% more likely to acquire new customers, according to Newsworks research reported on in "Campaign."
"Marketing Week" has an exclusive on new research which suggests the fake news phenomenon has had an impact on the public's trust in media. Nearly half of consumers have read a story they thought was suspicious in the past year, and three in four trust that media outlet concerned less as a result.
MPs are calling on advertising regulators to do more to curb the promotion of junk food and drinks to kids. The committee of MPs back up the call for further restriction in advertising unhealthy food by telling the Government it should do more to curb multi-buy and price discount promotions, "Campaign" reports.
Google has launched its answer to the Amazon Echo. Its Google Home goes on sale in the UK next Thursday for GBP129, "The Telegraph" reports.
Foreign Secretary Boris Johnson has attacked Google and other leading online publishers for their "disgusting" failure to remove extremist videos and websites in a timely manner. "I'm furious about it," he told "The Sunday Times." "It's disgusting. They need to stop just making money out of prurient violent material."
Following the London attack, Home Secretary Amber Rudd is calling for WhatsApp, and other encrypted messaging services, to provide the police and intelligence services with a means of deciphering messages. She is calling on the leaders of technology companies to attend a meeting on Thursday to discuss how the authorities can gain access to encrypted messages.
Telecoms regulator Ofcom has has fined BT GBP42m and ordered it to pay GBP300m compensation over delays in installing high-speed Internet lines. Ofcom said the telecoms giant had broken rules on delivery agreements that were put in place to stop it from abusing its market dominance.
A survey by the British Chambers of Commerce, featured in "The Times," has found that with one in five rural businesses reporting broadband connection problems, they are twice as likely as those in towns and cities to have connection issues.