Coca Cola launches music content platform featuring international artists May 19, 2022 Coca Cola is launching a music platform with content from emerging music stars from across the globe, including Ari Lennox and Griff.
Starry eyed investors: Seraphim Space Camp for startups pushes into the US May 19, 2022 Seraphim Space Camp, a UK-based programme which helps space-tech startups get ready to go public, has pushed into the US – as leaps in progress catch the eyes of investors. The programme, set up by London-listed space-tech investment fund Seraphim, is a venture capital-led scheme which rallies initial public offering (IPO) level funding behind the [...]
Exclusive: Tech exits surge as unicorns are ‘out’ and recurring revenue is the new valuation for venture capital May 19, 2022 European technology exit values and counts have skyrocketed in the past year, reaching $133.4 billion in value, a 400 per cent year-over-year increase, across 1,247 exits. In 2021, there were approximately 186 public listings, including names such as UiPath, Wise, GitLab, OVH, and SUSE. In addition, M&As reached an all-time high with 687 European companies being acquired. The deep pool of [...]
Telecoms provider Daisy Group acquires Sungard’s clients following collapse May 18, 2022 Telecoms provider Daisy Group has reportedly snatched clients from IT services and data management firm Sungard two months after the latter’s collapse. Daisy Group’s founder Matthew Riley signed a deal to transfer Sungard’s clients to Daisy, Sky News first reported. Customers were informed of the change via a letter which said that Sungard’s recovery sites [...]
Darktrace shares plunge from Lynch links May 18, 2022 London's tech darling Darktrace has fallen from grace once again, with shares plunging nearly 15 per cent this afternoon.
Space-tech real estate to take-off as investment gathers pace May 18, 2022 Space-tech real estate is forecast to take-off, following in the footsteps of the UK’s post-Covid-19 life sciences property boom, according to Savills. The UK has doubled down on its blossoming industry, which pulls around £16bn into the economy each year, as it looks to launch from its own soil this summer. “The space industry [...]
Google’s Russian bank account seized as Big Tech crack down continues May 18, 2022 Russian authorities have seized Google's Russian bank account, making it impossible for its Russian office to function, the tech giant revealed today.
Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities May 18, 2022 Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City PM this morning. The stresses of navigating complex regulations post-Brexit continues to hold back growth for UK exporters, and is causing significant [...]
M&C Saatchi bats away yet another takeover bid May 17, 2022 The investment vehicle spearheaded by tech tycoon Vin Murria has launched a fresh takeover bid for M&C Saatchi today which values the advertising giant at £253.6m.
UK’s biggest phone companies colluded to bankrupt Phones 4U, High Court hears May 17, 2022 The UK’s major telecoms companies took part in a conspiracy to put Phones 4U’s out of business, lawyers acting on behalf of the bankrupt retailer told a High Court. Executives at five major phone companies – EE, Deutsche Telekom, Orange, Vodafone, and Telefonica – unlawfully “colluded” to drive Phones4U into administration in a bid to [...]
