Swedish payments app Trustly plots IPO amid flurry of tech listings January 22, 2021 Swedish payments firm Trustly is reportedly planning a public listing this year worth up to 9bn, amid a flurry of tech IPOs. Trustly’s private equity backer Nordic Capital is working with Goldman Sachs, JP Morgan and Carnegie on the IPO which is due in the second quarter, according to Reuters. Nordic Capital bought a 70 [...]
Intel to probe results hack as chip demand lifts revenue January 22, 2021 Intel is investigating reports that financially sensitive information was stolen from its website last night in a hack that forced the chipmaker to release its quarterly results early. Chief financial officer George Davis told the Financial Times that a graphic in its financial report had been stolen by a hacker. “Once we became aware of [...]
Transferwise picks banks ahead of blockbuster IPO January 21, 2021 Transferwise has reportedly picked two of Wall Street’s biggest banks to lead its London listing this year. The payments unicorn has hired Goldman Sachs and Morgan Stanley as joint global coordinators for its IPO later this year, Sky News reported. Transferwise secured a $5bn valuation following a secondary share sale last summer, cementing its place [...]
Outgoing Trump official warns of China telecoms threat January 21, 2021 A top official in the departing Trump administration has issued a stark warning over the threat of Chinese espionage to US telecoms networks and internet freedom. Ajit Pai, who stepped down as chair of the Federal Communications Commission (FCC) this week, said Beijing-backed spying was the biggest threat to national security facing regulators over the [...]
Monzo founder steps down saying pandemic took its toll January 21, 2021 Monzo founder-turned-president Tom Blomfield is stepping down from the digital bank, saying the pandemic has taken a toll on his mental health. In an interview with Techcrunch Blomfield said he had stopped enjoying his role a long time ago as Monzo moved from startup to scaleup. “I stopped enjoying my role probably about two years [...]
Biden mulls creation of competition tsar amid tech probes January 20, 2021 The administration of incoming US President Joe Biden is said to be mulling the creation of a new White House role focused on competition issues amid a string of probes into tech giants. The Biden administration is still weighing up the role, which could be based in the White House or focus on coordinating actions [...]
EU chief Von der Leyen calls for ‘democratic limits’ to Big Tech power January 20, 2021 European Commission president Ursula Von der Leyen has called for a crackdown on the “untrammelled” power of tech giants following violent riots at the Capitol earlier this month. In a speech marking the inauguration of Joe Biden, Von der Leyen welcomed the new US president, adding: “After four long years, Europe has a friend in [...]
Tesla is hiring someone to defend Elon Musk on social media January 20, 2021 Elon Musk’s indiscretions on social media have moved stock markets, led to a high-publicised defamation lawsuit and landed him a $20m fine. But it seems the blunt billionaire is now going on the defensive, hiring someone to fend off attacks by Twitter trolls. A job advert posted by Tesla, Musk’s booming electric car maker, said [...]
British chipmaker IQE pulls in record revenue amid bumper demand January 20, 2021 British chipmaker IQE secured a record revenue performance last year amid soaring global demand for its technology. The London-listed firm, which makes components for chips used in Apple products, said full-year revenue would come in at roughly £178m. This is in line with its previous guidance of at least £170m and marks year-on-year growth of [...]
London schools could be first to reopen in ‘regional return’ for pupils, says medical adviser January 19, 2021 Schools in London could be among the first to reopen after England’s third national lockdown as infection rates across the capital continue to decline, the deputy chief medical officer has said. Speaking to MPs at an education committee meeting, Dr Jenny Harries said there would “likely” be regional differences in Covid measures once England exits [...]
