In news that may not be unrelated to the above, Germany-based music streaming service SoundCloud is to cut around 40% of its staff to reduce costs, Bloomberg reports. Its offices in San Francisco and London will be closed as part of the pruning exercise. Most of the content on SoundCloud is free, but it introduced a subscription tier last year which, to date, hasn't proved a massive hit with listeners.

BT Group plc (NYSE: BT; London: BTA) has agreed a multi-year extension to its arrangement with Yospace, a purveyor of dynamic ad insertion technology based in London. For the past year, Yospace has been stitching in ads to programming on BT Sport, ads that are unskippable, clickable and supposedly more relevant to the people viewing them than standard advertising fare.

Germany's federal cyber agency says that the most recent major cyber attack, thought to have emanated from an accountancy software firm in Ukraine, is causing more damage than originally feared. As Reuters reports, the agency said that some German manufacturing firms had seen had seen "critical processes" halted for more than a week.

— Paul Rainford, Assistant Editor, Europe, Light Reading