News

Triathlete Alistair Brownlee MBE has joined athletic measurement and analysis tech Co INCUS Performance as an investor and strategic advisor.

The double Olympic and multiple world champion will help develop new product features and business development aspects at INCUS.
 
The platform provides data and analytics from endurance training sessions in minute detail and is working on automated insights that contextualise the numbers and show how these can be applied when progressing towards a specific goal. 
 
Measurements from the INCUS | NOVA device detect changes in efficiency, stroke and stride and help identify how adjustments will affect users in a race. 
 
“I’m fascinated by how technology can be used to help improve athletic performance,” said Brownlee. 
 
“Two of the most important factors in training are efficiency and training load management. Through technology we have the ability to collect so much data, but the important and interesting part is how we distil that data into useful insights. 
 
“I’ve really enjoyed working with the INCUS team to produce accurate and useful information that can add something to everyone’s training. 
 
“Whether you’re a beginner wanting to track your fitness or an elite professional athlete there are novel and relevant insights for you.”
 
One of the most consistently top-performing athletes on the WTS series, Brownlee recently made the jump to long-distance racing. Over the last few seasons he has put himself in contention for both the 70.3 World Championship and IRONMAN World Championship titles. 
 
Chris Ruddock, lead engineer and Managing Director at INCUS Performance, said: “To be working closely with someone as experienced as Alistair, not only as a professional athlete, but as one that has successfully competed across both Olympic and Ironman distances, is amazing. 
 
“At INCUS, we’re all about taking a new approach, bringing innovation and creativity to endurance sports where there hasn’t been before. 
 
“We’re proud to work with those who similarly push boundaries in sport, and are looking forward to embodying Alistair’s experiences in our upcoming insights, and the wider INCUS experience.”

London financial technology company Liquidnet has confirmed that it has reached an agreement to be acquired in a multi-million pound deal.
 
Liquidnet, which provides technology solutions to market traders, is set to be acquired by professional intermediary TP ICAP for between £444m to £540m ($575 to $700m).
 
The deal, which is expected to complete in the first quarter of 2021, will create a UK-headquartered global financial markets infrastructure provider.
 
Nicolas Breteau, CEO of TP ICAP, commented: “Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation and diversification strategy.
 
“Liquidnet is a premier, technology-driven, global electronic trading network with more than 1,000 buyside clients.
 
“It has a strong and trusted brand, which we will both retain and develop. We will continue to invest in, and grow, Liquidnet’s leading dark/block Equities business, and maintain its position as a trusted and unconflicted agency broker.
 
“We intend to build on Liquidnet’s capabilities and connectivity, and expand its offering, particularly in respect of D2C electronic trading in credit and rates. Further, we expect to leverage the data assets and analytics expertise of both organisations to drive non-transaction-related earnings.”
 
Brian Conroy, CEO of Liquidnet, added: “We are energised by the opportunity of combining the strengths of TP ICAP and Liquidnet.
 
“This transaction underscores the relevance and future prospects of a business we started two decades ago, and which has grown to become not only a leader in global institutional equities block trading, but also one of the world’s premier buyside-focused electronic networks.
 
“Together, we will be able to better serve our customers, whilst simultaneously delivering innovative market solutions to a broader range of institutions, across a wider range of asset classes and market segments.”
Cycling safety app Busby, developed by K-Safe, is trusted by thousands of cyclists and has monitored several hundred thousand journey miles since its launch in November 2019. 
 
So how did the app catch fire?
 
This review can help explain how.
 
The inspiration for the app came when co-founder Barry Green was involved in a serious cycling accident. It uses sensors in a mobile phone to automatically detect a crash or a fall, geolocate the user and alert their emergency contacts.  
 
Available for free download on any iOS or Android smartphones, it is used by cyclists, walkers, horse riders, runners and road users to predict, prevent, detect and analyse road accidents. It does not collect or store the riders’ data. 
 
Now active in 32 countries across six continents, the co-founders say it has already saved three lives.
 
The app deploys GPS and records distances travelled buit one of the key features of the app is how it tracks the g-forces acting upon your phone, with the idea that if you are in an accident, it will identify that through interpretation of the impact created. The screen turns red, the phone then vibrates and it emits a 30-second countdown to cancel the sending of a message to the rider’s emergency contacts.
 
Busby Flare allows users to send out an SOS message to surrounding users within a five-mile radius and also connects them to nearby bike stores. The premium version of the app allows for more emergency contacts to be added. GroupRide allows users to set a safety radius around everyone in their group and receive a notification if someone falls behind. Different activities can be selected, including walking/hiking, running, horse riding, motorbiking and skiing, although these were not tested. A recent update also rewards users by offering coins per mile which they can spend on in-app discounts or enter monthly competitions.
iPhones retain value the best and dominate company’s trade-in charts for past 12 months
 
Huawei phones depreciate the most in value after their release out of all of the UK’s popular premium phone brands, according to research from musicMagpie.
 
The trade-in company’s Phone Depreciation Report compared the value of popular handsets released in 2019 from Apple, Samsung, Google, OnePlus and Huawei for 24 months from their launch date.
 
It found that on average, Huawei phones depreciate in value by 74% after 12 months, and 88% after 24 months. Huawei’s latest 2019 flagship, the Mate 30 Pro, had lost 84% of its value after just six months on release.
 
Apple devices retain their value the best, losing just 43% of their value on average after 12 months, and 61% after 24 months. According to musicMagpie, the iPhone 11 and iPhone 11 Pro have lost a record low amount of value as they reach 12 months since their first release, losing just 32% and 35% respectively.
 
Ahead of the new iPhone launch, musicMagpie estimated the value drops for the iPhone 11 range. It predicts that the iPhone 11 will lose £54.55 of value one month after the new iPhone launches and £84.95 three months after.
 
Meanwhile, the iPhone 11 Pro will depreciate by £70.97 after one month and £110.51 after three months, with the iPhone 11 Pro Max losing £75.38 after one month and £117.38 after three months.
 
Samsung Galaxy S phones lose 64% of their value on average after 12 months, and 76% after 24 months. OnePlus devices also lose 64% after 12 months, but lose 81% after 24 months, while Google Pixel phones’ values decrease by 67% after 12 months, and 79% after 24 months.
 
musicMagpie’s report found that more expensive phones tended to retain value better, with handsets costing £999 or more upon release depreciating by 44% on average after six months, while phones costing £600 – £899 depreciated by 56%, and phones costing £599 or less lost 61%.
 
In terms of the devices traded in the most in the last 12 months, different iPhones make up the top four and eight of the top 10. The iPhone 7 and 8 are the most and second-most traded in devices, accounting for six% and four% of all handset volumes.
 
The only non-iPhones in the top 10 are the Samsung Galaxy S8 and Galaxy S9, which each accounted for two% of all handsets traded in.
 
Although musicMagpie did not include data for Sony devices in its study, a recent report from CompareMyMobile found that Sony’s Xperia 1 II had lost nearly 70% of its value just two months after its release.
Beko is celebrating 30 years in the UK by unveiling its new corporate website.
 
The eye-catching and easy-to-navigate website was designed to be the face of all the Beko plc brands, comprising of Beko, Grundig, Leisure, Blomberg, Flavel and Zenith. It showcases the standout work in sustainability, research and development, CSR and technology from the teams and colleagues at Beko plc and its parent company Arçelik A.S.
 
As well as the latest news, it also includes the manufacturer’s Gender Pay Gap report and award wins across all brands, including Beko, which is the UK’s number one bestselling large home appliance brand, according to Euromonitor.
 
Beko recently donated over 1,600 appliances to over 50 NHS hospitals, ambulance stations, care homes and charities spanning the breadth of the country as part of its #BekoGiving initiative to give back to communities during this year’s Coronavirus crisis.
 
Teresa Arbuckle, Managing Director at Beko plc UK and Ireland, said: “We’re delighted to mark our 30th year in the UK with the launch of our new corporate website as well as our newly created Beko LinkedIn page.
 
“We set out to create an online presence that highlights Beko plc as a wider business beyond our brand stories. As a company and employer, there are so many initiatives that the business and team has achieved, and the new website will be a great place to bring those stories to life.
 
“Whilst this is a corporate website, we know that consumers are increasingly more considerate of the brands that they buy, and retailers want to be knowledgeable about the brands that they sell.
 
“We encourage all retailers to visit the new site and to follow us on our LinkedIn page to keep up to date with all the latest news across all of our brands.”
Medtech company eConsult has received £5million backing from Gresham House Ventures to help it grow its digital triage services.
 
The funding, alongside further investment from existing shareholders, will help maintain the London firm’s position as the NHS’s leading online consultation provider to primary care GP surgeries.
 
It will also support the expansion of eConsult Health into the secondary care market with the continued rollout of its Urgent and Emergency Care triage solution, eTriage, and outpatient referral software, eSpecialist.
 
Digital triage allows patients to be dealt with more effectively and efficiently, moving from a world where 90% of patients have no option other than a face–to–face appointment to one where the majority of cases are appropriate for remote closing.
 
This allows healthcare practitioners to prioritise face–to–face consultations with those patients in greatest and most urgent need – particularly urgent in light of the additional pressures put on the NHS by the COVID-19 pandemic.
 
Gresham House Ventures’ investment is led by investment director Henry Alty, who focuses on process automation technology, alongside Maya Ward and James Hendry.
 
“At such a crucial moment for healthcare provision, funding the right businesses in this space is more important than ever. Founded by four innovative GP partners in South London, the eConsult platform has already proven the power of its technology, as the most widely used digital consultation solution and the first choice for NHS GP surgeries,” Alty said.
 
“By expanding its services to cover secondary as well as primary care, eConsult Health has the potential to go even further and completely revolutionise healthcare provision in the UK, improving outcomes while at the same time driving effectiveness. 
 
“We are very excited to work alongside an extremely knowledgeable management team and further improve their current platform.”
 
Dr Murray Ellender, CEO of eConsult Health, commented: “We are extremely pleased to be working with Gresham House Ventures as an investor. 
 
“This funding will help us keep pace with the product development we need to support cutting edge health technology across both primary and secondary care. 
 
“NHS patients deserve an excellent digital experience when interacting with the health service and we now look forward to delivering the transformation needed at pace.”
Damart UK has commissioned its first television campaign in 6 years.
 
It has worked with Leeds-based HOME to raise its profile in the UK and to find a voice that works for a younger, female audience.
 
The brand is a household name in France and HOME has adapted creative that has already run on French television.
 
“HOME’s wealth of experience in TV and content, coupled with their comprehensive understanding of the sector and target audience, made them the obvious choice,” said Michelle Cording, Head of Marketing at Damart.
 
“We’re delighted with how the campaign has shaped up and are confident that it will help us to drive sales in the UK, as well as resonating with both our current and target audience.”
Morgan Stanley are buying the investment management company Eaton Vance in a deal which has been valued at $7bn.
 
The acquisition will give Stanley’s investment management arm approximately $1.2trn of assets, with under management and more than $5bn of combined revenues.
 
Morgan Stanley Chairman and CEO James P Gorman said in a statement that Eaton Vance will add more fee-based revenues.
 
Eaton Vance will give shareholders $28.25 per share in cash, and 0.5833 of Morgan Stanley common stock, which is around $56.50 per share.
Universal’s president of international marketing Simon Hewlett will leave the company in 2021.
 
It is understood the announcement comes as the studio integrates its US and international leadership in Los Angeles.
 
While Universal had hoped he would relocate, London-based Hewlett chose to keep his family in the UK.
 
Hewlett’s marketing group has worked on the Jurassic World, Fast & Furious and Bourne franchises, as well as the Fifty Shades Of Grey trilogy, Mamma Mia!, Les Misérables, and films in the Despicable Me franchise including Minions.
 
He is expected to stay with the studio until summer 2021 as the company enters a busy period with the international release of No Time To Die and other tentpoles, some of which, like the James Bond thriller, have been pushed from this year’s schedule due to the pandemic.
 
Hewlett will also help in the search for a new international marketing head who is expected to be in place before the end of the year.
 
President of worldwide marketing Michael Moses said, “I want to extend not just my gratitude but my sincerest admiration to Simon, both for how he has led the international team over the past many years and how he has chosen to remain a partner through this consolidation.
 
“His example is the very model of leadership, and despite our pleading that he might find his way to LA, we understand and support his decision.”
 
Hewlett joined Universal Pictures in 2006 as managing director and was responsible for building a new UK and Ireland theatrical distribution team as he worked his way up to president of international marketing in 2016.
 
Prior to joining Universal, Hewlett worked at Twentieth Century Fox as UK marketing director before becoming UK managing director.
 
In this role, he worked on films including Star Wars: Episodes I, II and III, as well as Fight Club, Moulin Rouge!, Ice Age, and Die Another Day.
 
Universal’s leadership integration process began in June with the announcement of Veronika Kwan Vandenberg as LA-based president of international distribution, taking over from Duncan Clark, who remains a consultant based in the UK.
The University of Exeter Business School is involved with a project to automate Gift Aid donations and potentially unlock more than £560m for charities every year.
 
Gift Aid, a form of tax relief in which a charity can claim an extra 25p for every pound donated, has boosted charitable donations since it was introduced 30 years ago.
 
But charities are thought to miss out on around £560m of Gift Aid each year due to “clunky administrative processes” and hard-to-understand eligibility criteria.
 
But now a group of charities, tax and fundraising experts and universities, including the University of Exeter Business School, have proposed a solution that will allow the use of an individual’s tax status to determine automatically if a Gift Aid declaration is valid and remove the burden on the taxpayer, while processing Gift Aid automatically across all digital donation methods.
 
The Future of Gift Aid project was instigated by the Charity Tax Group (CTG) and uses Swiftaid technology, pioneered by the payments firm Streeva, which allows Gift Aid to be added automatically to donations made via card payments while taking care of the entire claiming process by generating declarations, claims and all reports required by HMRC.
 
The University of Exeter Business School will contribute its expertise in digital economy and payments through its digital research centre INDEX (Initiative in the Digital Economy at Exeter), as well as advise on the economic impacts of taxation systems through the Business School’s world-renowned Tax Administration Research Centre (TARC).
 
Dr Phil Godsiff, Senior Research Fellow in Digital Economy at INDEX, said the project is timely given the impact of COVID-19 on the charity sector, which is projected to lose 48% to its voluntary income due to the pandemic.
 
“Being able to work on such an important and timely project, with so many key people brought together to make it successful, is really rewarding,” Dr Godsiff said.
 
“Getting more Gift Aid more quickly to charities is especially crucial as Covid has impacted on so many of their fundraising activities.”
 
The Future of Gift Aid is an industry-wide initiative supported by the likes of fundraising experts JustGiving and LibertyPay, as well as the charities Cancer Research UK, The National Trust, Sue Ryder, The Children’s Society, The Association for interactive media and micropayments (AIMM) and the Charity Retail Association.
 
“In this time of crisis the charity sector needs our help more than ever,” said Beth Michael, co-founder of Streeva.
 
“I strongly believe that with industry-wide support and expertise along with the innovative enabling technology Streeva can bring, this project will make a huge difference to the sector, bringing real hope in these challenging times.”

PREVIEW
If this is news to you, we can help
SEARCH THE UK'S MOST COMPREHENSIVE DATABASE
OF COMPANY AND MARKETING INDUSTRY INFORMATION
CLICK TO CONTINUE
THIS IS THE NEWS, COMPANY DATA, PEOPLE MOVES, TENDERS AND INSIGHTS FROM THE INDUSTRY 7 DAYS AGO