GetBusy increases full year guidance despite market volatilities July 13, 2022 GetBusy has increased its revenue guidance for the full year to £18.4m despite current market volatilities. In the six months ended 30 June, the productivity software provider posted a 21 per cent increase in its annual recurring revenue to £18m, while recurring revenue went up 19 per cent to £8.5m. Following a loss of £472,000 [...]
Government braces to fund ‘substantial’ number of Covid-19 vaccine liabilities July 13, 2022 The government is bracing to fund a “substantial” number of liabilities relating to negative impacts from Covid-19 jabs, having spent more than £34bn on the vaccine rollout so far. The Department of Health and Social Care told vaccine manufacturers at the start of the programme that it would cover future claims against producers for [...]
David And Goliath: UK’s ShortsTV files lawsuit against Google’s YouTube Shorts over trademark July 12, 2022 UK based ShortsTV has filed a lawsuit against Google for its TikTok-style YouTube Shorts business over a trademark row.
Exclusive: Oxylabs CEO on why controversial web scraping is coming out from the shadows July 12, 2022 The world’s largest and most progressive companies depend on web scraping, a technology that allows large-scale public online data gathering. Web scraping allows them getting deep knowledge of the market they are operating in, it is behind the competitor analysis and even influences product assortment. However, the potential of web scraping remains untapped – many [...]
Ofcom opens 999 monitoring system for telecom firms as UK pushes forward with digital transformation July 11, 2022 Ofcom has opened a new monitoring programme to determine whether telecoms providers are complying with rules designed to ensure that people can contact the emergency services at all times.
Software giant Atlassian leaves UK in setback for the City’s tech hopes July 10, 2022 Australian software giant Atlassian is quitting the UK and shifting to the US in a fresh blow to London’s ambitions to establish itself as a global tech hub.
Twitter plans to sue following Musk’s withdrawal from $44bn takeover July 9, 2022 Twitter has announced it will sue Elon Musk if he refuses to go ahead with his $44bn takeover. Chairman Bret Taylor said the company’s board was “committed to closing the transaction” agreed upon with the serial entrepreneur and it would plan “to pursue legal action to enforce the merger agreement.” Under the agreement’s terms, Musk [...]
EU’s stamp of approval for digital laws risks putting the UK behind July 7, 2022 The European Parliament gave the Digital Services Act (DSA) and the Digital Markets Act (DMA) the final green light this week, setting out key obligations on Big Tech.
‘Covid-19 cliff edge’: Lateral flow test maker suffers major blow to revenue July 7, 2022 Clinical diagnostics specialist Novacyt has suffered a major blow to its revenue, as the feared ‘Covid-19 cliff edge’ comes into focus “faster than expected”. The London-listed company, which provides lateral flow tests, has seen its revenue crumble more than 70 per cent to £16.5m in the first half of this year, compared to £52.2m a year [...]
GSK shareholders give Haleon split the green light July 7, 2022 Shareholders in British pharmaceutical giant GlaxoSmithKline (GSK) gave its historic demerger the “expected” seal of approval yesterday, meaning its consumer division will be able to list on the London Stock Exchange as a separate entity later this month. In the most significant corporate change at GSK for the last two decades, the split will see [...]