Space is the limit! Science Group pens £17.5m deal for defence and energy specialists TP Group October 31, 2022 Space, defence and energy are the sectors the Science Group is pushing into with a fresh £17.5m acquisition. AIM-listed TP Group, which specialises in defence, space and energy consultancy, is set to be snapped up by the organisation for some 2.25p a share, representing a premium of 190 per cent. Both boards have agreed to [...]
GSK steps closer to new drug milestone but R&D woes ruffle investor feathers October 31, 2022 British pharmaceutical giant GlaxoSmithKline (GSK) grew a step closer to securing its first drug approval since the split from its consumer health unit Haleon in July, but concerns over its share price remain. The US Food and Drug Administration (FDA) Cardiovascular and Renal Drugs Advisory Committee (CRDAC) have agreed that the benefit of GSK’s Daprodustat, used [...]
Twitter C-suite overhaul, job cuts and a content council: Elon Musk’s first moves as new owner October 30, 2022 Twitter’s new owner Elon Musk has reportedly fired a string of top executives “for cause”, in a bid to avoid paying out lofty severance packages after finally completing a $44bn takeover. The weekend layoffs included Twitter chief executive Parag Agrawal, chief financial officer Ned Segal and legal affairs and policy chief Vijaya Gadde, Reuters reported, [...]
Musk mulls ring-fencing Twitter ‘beef’ with different ‘versions’ of site October 29, 2022 Elon Musk has suggested that Twitter could be split up into maturity-rated content streams to ring-fence harmful and extreme posts, as the debate over moderation of material on the site rages on.
Sacked Twitter chiefs could pocket $122m in payouts October 29, 2022 The three top Twitter chiefs sacked by Elon Musk could be in line for payouts worth $122m, according to a research firm.
Tech giants plunge in value after weak earnings October 29, 2022 US tech giants have had more than $250bn wiped off their value in the past week as investors fled in the wake of a weak set of quarterly earnings and warnings of an advertising slowdown.
Immerse yourself in Scorn’s thrilling hellscape this Halloween October 28, 2022 Scorn is the kind of game that makes you wonder what the whole deal is with humans. It’s designed in every way to be as unnerving, unpleasant and uncomfortable as possible, and yet it’s a compelling, even thrilling seven hours of your life. Designed by Serbian studio Ebb Software, it’s a love letter to Alien [...]
The torrid week for tech continues as Amazon sheds £175bn October 28, 2022 The torrid week for tech continued last night, with Amazon leaving investors bewildered and Apple somehow defying the trend of its Silicon Valley cousins. Amazon shares tumbled as much as 18 per cent on Thursday night, wiping $202bn (£175bn) off its valuation. The major sell-off came after the e-commerce giant warned against weaker consumer spending [...]
Twitter shares to be suspended as Musk closes in on takeover October 27, 2022 Twitter shares are set to be suspended from trading on the New York Stock Exchange tomorrow as Elon Musk closes in on a takeover of the firm after months of wrangling.
Renishaw profits dip as orders begin to slow October 27, 2022 Manufacturing tech firm Renishaw said its profits had slid in the past quarter as it braces for a rise in costs and a slowdown in orders over the next three months.
