Viva la e-revolution, and what’s next for the booming UK digital economy February 11, 2016 The UK’s economy is witnessing an e-revolution. Digital innovation is now not only driving the digital economy, but is transforming the ways in which the more “traditional” industries are approaching their day to day business activities. Today at SPRINT – the annual event hosted by the Government Digital Service which showcases the digital transformation work [...]
Driverless cars could prevent 95 per cent of road accidents February 11, 2016 Making all cars driverless could prevent 95 per cent of car accidents and add £51bn a year to the UK economy, a new report has claimed. The report, by the Institution of Management Engineers (IME), said 95 per cent of crashes happen due to driver error. "The benefits of this sort of technology are huge," [...]
Shares in Farmville creator Zynga drop almost eight per cent after company posts declining revenue and customer numbers February 10, 2016 Zynga, the online games company behind Farmville, recorded revenue of $186m (£128m) in the three months to the end of 2015, down from $193m in the last quarter of 2014. Shares in the group dropped by almost eight per cent in after hours trading. The company's losses widened to $47m from $45m year-on-year, while bookings dipped [...]
Shares in Twitter plunge by over 10 per cent in after hours trading as social media site reports February 10, 2016 Twitter’s share price dropped by over 11 per cent in after hours trading despite news that revenue increased by 48 per cent in the fourth quarter of 2015 as monthly user numbers stayed flat on the previous quarter. Revenue was up to $710m (£489m) in the three months to 31 December, compared with $479m in the final [...]
Tesla shares jump on increased revenue as losses widen February 10, 2016 Tesla Motors reported revenue of $1.2bn (£825m) for the three months to 31 December 2015, up from $956m in the same period of 2014. The electric car company's results fell short of analysts' expectations of $1.85bn in revenue. Meanwhile, losses for the quarter widened to $320m from $108m. Shares in the company were up by over four [...]
Twitter timeline change: This is Twitter’s new “best of” algorithmic timeline feature February 10, 2016 Twitter has revealed the changes that are coming to people's timelines. Despite the outrage over reports of the introduction of a feed curated by an algorithm rather than simply appearing in chronological order, the feature will roll out from today – although it is optional. In a blog post, Twitter said: "Here's how it works. You flip on [...]
City supremo Rich Ricci is racing into fintech joining FreemarketFX as chairman February 10, 2016 City supremo Rich Ricci, the former long-standing boss of Barclays' investment banking, is jumping on board the fintech revolution. The horse racing fan and former right-hand man of Bob Diamond will join the p2p currency exchange platform FreemarketFX, founded by former senior executive at Credit Suisse and Deutsche Bank Alex Hunn, as non-executive chairman He has also invested an undisclosed sum in [...]
London fintech startup World Remit raises $45m from Triple Ventures Growth BDC and Silicon Valley Bank February 10, 2016 Star London fintech startup World Remit has landed another multi-million pound round of funding from investors. Triple Ventures Growth BDC and Silicon Valley Bank have invested $45m (£31m) in the form of debt financing to fuel expansion plans. Read more: Index has a new $550m VC fund and its eye on London startups The remittances startup lets [...]
Best UK mobile network: EE is the fastest mobile operator but Three is the most reliable as rivals Vodafone and O2 lag behind in new study February 10, 2016 EE has retained its crown as the UK's best mobile operator, but Three has beaten it when it comes to reliability, a fresh ranking reveals. When EE, Three, O2 and Vodafone were put to the test in a nationwide assessment of the operators’ speed, reliability, calls, internet, text and overall performance, EE shone brightest in five of [...]
Nasa’s stunning space tourism posters will make you want to travel to Mars February 10, 2016 Get your space suit on – these stunning pictures of future space travel will make you want to pack your suitcase and head for Mars, and beyond. The retro poster designs, commissioned by Nasa's Jet Propulsion Lab, imagine a future where a mission to Mars is more of a day trip and a visit to Saturn's Enceladus is on the [...]
