The reason for bringing it to HN's attention was because I too read about the service on the BBC News website and their plight with Instagram.
I was a little perplexed - it's a British company, operating entirely within the UK - why is Instagram getting involved? The 'gram' prefix has been around for quite a while [citation needed], is it an infringement of trademark? Then again, the company is posting pictures with captions, which is very Instagram-y, so I can see a certain level of cross over.