Google faces £7bn UK legal claim over anti-competitive search engine practices September 7, 2023 Google is the subject of a new multibillion-pound legal claim in the UK which accuses the tech giant of shutting out competition in mobile search and driving up prices for consumers as a result. The claim, filed with the Competition Appeal Tribunal, is seeking around £7 billion in damages for UK consumers. It accuses the [...]
M&G injects £31m into holographic car display firm Envisics September 7, 2023 Global investor M&G has given a $40m (£31.9m) boost to Envisics, an augmented reality firm, to help grow their holographic car displays.
Brexit: Sunak closing in on UK rejoining EU Horizon science scheme September 6, 2023 Rishi Sunak appears set to announce that the UK will rejoin the European Union’s £85bn Horizon science research programme. Sources familiar with the negotiations between the two sides said on Wednesday that the Prime Minister has given the go-ahead for a deal to be finalised. The level of compensation for the UK being frozen out [...]
Virgin Media O2 buys ex-Russian owned Upp — but won’t keep it September 6, 2023 Late last year, the UK government ordered Russian oligarch-backed investment company Letterone to sell Upp, saying the ownership was a national security risk.
Darktrace lowers earnings forecast as sales commission changes September 6, 2023 "The macro-economic backdrop has been a headwind for many businesses over the past year, and we have not been immune from its impact," said chief executive Poppy Gustafsson.
Arm aims for £41bn valuation in IPO September 5, 2023 Cambridge-headquartered chip designer Arm is targeting a valuation of up to $52bn (£41bn) in its upcoming initial public offering in New York, the company said today.
China and Russia are pushing the boundaries of cyber attacks to harm other states September 4, 2023 Russia and China are exploring new ways to target Western states and companies through sophisticated cyber attacks. We have to fight back, writes Nick Schneider
Elon Musk’s Space X urges regulators to review Viasat’s £5.5bn takeover of British satellite company September 3, 2023 Elon Musk's Space X is pushing US regulators to reverse its decision to greenlight rival Viasat's £5.5bn merger with Inmarsat.
Atomic weapons workers threaten to strike over pay – but ‘delivery of UK’s nuclear deterrent would be unaffected’ September 1, 2023 Workers at the Atomic Weapons Establishment (AWE) are to be balloted for industrial action in a dispute over pay. Members of the Prospect union at AWE, which supports and maintains the UK nuclear deterrent, will vote in the next two weeks on whether to launch a campaign of action. Prospect said AWE recently became an [...]
FSB calls for a ‘risk-taking’ attitude from government to boost small businesses August 31, 2023 British business organisations are calling for a tech revolution and pushing the government to supercharge economic growth. The Federation of Small Businesses (FSB) has sounded the clarion call for the government to foster a “risk-taking” attitude and give small enterprises a leg up as they stumble over the high cost of adopting new technologies. The [...]