Space SPACs: Uncertainty surrounds the mega-IPOs of the future May 26, 2022 The climate and energy crisis on Earth has markets rattled, but could investors be wooed by the plan to put nuclear energy plants on the moon and make humans interplanetary? Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, and satellite spinoff Starlink, have been pegged by analysts to be the mega-IPOs of the future for [...]
Tech giant AGM: Amazon shareholders reject investor-led proposals on workers’ rights May 25, 2022 Amazon shareholders voted down all investor-led proposals at the tech giant’s AGM on Wednesday afternoon. Among the 15 shareholder proposals, rejected resolutions included those critical of the company’s use of plastics and particular concealment agreements in contracts. The $1tn e-commerce giant had pushed back against all of the shareholder proposals, the highest number it has [...]
Apple UK iOS economy supports 440,000 tech jobs across the country May 25, 2022 Apple announced that the UK iOS app economy has posted record growth in 2021, supporting more than 440,000 jobs. Not only is this a boost of 21 per cent compared to 2020 levels, but it also makes the makes the UK the leading provider of iOS app economy jobs in Europe. Indeed, the number of smaller UK [...]
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Dyson looking to hire hundreds of new engineers as tech giant wants every Brit to use home assistant robots within years May 25, 2022 As Dyson has started to preview plans to build home assistant robots – it wants to have them in UK homes by the end of the decade -the tech company has issued a call to robotics engineers to join. The UK-founded firm announced plans to open a robotics centre at Hullavington Airfield in Wiltshire, where [...]
Boeing prepares to bring Starliner home, as spaceship helps restore its reputation May 25, 2022 Aerospace giant Boeing is prepping to bring its Starliner capsule back to Earth today, following its successful docking at the International Space Station (ISS) five days ago. It will be the final step in the test flight, which will prove whether Boeing’s unmanned space vehicle will be a viable option for astronauts being ferried to [...]
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City PM chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
The tech tumble strikes again: Social media firms set to lose £112bn following Snap warning May 24, 2022 Snapchat's parent company's shares tumbled nearly 40 per cent in early morning trading, after the company warned against dwindling revenues and slowing recruitment.
London-based venture firm Crane bags £112m for new ‘deeptech’ fund May 24, 2022 London-based venture firm Crane has bagged $140m (£112m) for a fresh ‘deep-tech’ fund today with £30m backing from British Business Bank-owned investor British Patient Capital.
Snapchat’s shares slump as chief exec warns against revenue and hiring slowdown May 24, 2022 Snapchat has warned it would be slowing its hiring process, warning investors that revenue would slow in the coming months, hitting the low-end of estimates.
