UK ‘cleantech’ firms set for funding boost amid net zero drive, KPMG predicts January 18, 2023 Venture capital investors are turning their gaze towards the UK’s so-called cleantech sector this year as net zero targets move closer, analysts from KPMG have predicted. Last year, global venture investment slumped by almost a third last year as soaring inflation and sharp rate hikes caused investors to turn off the taps following a funding [...]
Currys’ share price up after ‘better-than-expected’ Christmas trading January 18, 2023 Currys’ share price has spiked more than seven per cent, after it told investors this morning its Christmas profits were better than expected. The technology retailer reported better than forecast profits over the Christmas period, with sales in the UK offsetting a slow down in Scandinavia. The company said UK trade rose in the 10 [...]
Microsoft to cut 11,000 jobs worldwide – reports January 17, 2023 Microsoft is likely to become the latest tech giant to slash thousands of jobs worldwide after reports emerged today. Sources told Sky News’ Mark Kleinman the Seattle-based powerhouse could announce plans to cut five per cent of its global workforce within the next few days. This means that over 11,000 people would be made redundant, [...]
UK data agency plays down privacy risks of connected tech, as demand for Amazon Alexa and Google Nest show consumer trust January 17, 2023 The UK’s data watchdog has played down potential privacy concerns linked to connected technology, arguing that strong demand for devices like the Amazon Alexa and Google Nest suggest British consumers are not that worried. MPs from the Digital, Culture, Media and Sport Committee (DCMS) yesterday quizzed the Information Commissioner’s Office, as well as Amazon and [...]
The fintech bubble may have burst, but these investment bankers are bullish January 17, 2023 Slashed valuations, mass layoffs, a funding drought and shuttered IPO market. For most, 2022 won’t be remembered as a stellar vintage for the fintech sector. But it wasn’t all doom and gloom, according to new analysis from investment bank Peel Hunt. A new note from the firm today says the spectacular bursting of the fintech [...]
IQE shares slump nearly 20 per cent as it warns of falling semiconductor demand January 16, 2023 IQE shares dropped nearly 20 per cent today after the semiconductor wafer maker warned that demand is expected to fall in the new year because existing customers have already built up large stocks. In a pre-close trading update, IQE warned that destocking in the industry will “impact upon demand from existing customers” in the new [...]
Businesses plan to ‘weather economic storm’ by increasing their spending on technology – Cap Gemini January 16, 2023 Nearly four out of 10 businesses will escalate their investment in technology as they seek to cut costs. The consultancy giant, which is hosting a session at the World Economic Forum in Davos this week, said 39 per cent of the businesses it spoke to for its report were intending to use technology to drive [...]
TikTok tries to avoid US ban by offering lawmakers assurances over data sharing and security concerns January 16, 2023 TikTok has proposed allowing US officials access its algorithms in an attempt to avoid a statewide ban. In the last few months, American lawmakers have attempted to ban the video based social media platform, after FBI Director Christopher Wray said that TikTok poses national security risks in November. In the last week, over 20 US [...]
Smartphones are the new laptops with 60 per cent of UK firms now mobile only – BT January 16, 2023 Almost 60 per cent of business owners now rely solely on using mobile phones to run their operations, telecoms giant BT has revealed. The investigation by BT business showed more than half of entrepreneurs have embraced flexible working, and use mobiles rather than laptops or desktops. According to BT 59 per cent of British business [...]
The riddle of the Nursing Assistant: Twitter user solves viral case January 13, 2023 For the last year Twitter has been racking its collective brain to try to unravel what has become known as The Riddle of the Nursing Assistant. Last December a Tik Tok user called @thisis_bex cross-posted a rather thirsty picture of what we assume to be herself alongside the cryptic caption: “Imagine how good your life [...]
