Labour to announce review to ensure more start-ups list in London June 15, 2022 Labour will tomorrow launch a review that aims to ensure that the UK is the best place in the world for start-ups, with the party wanting more to go public in London. Shadow chancellor Rachel Reeves has enlisted former Tory Treasury minister, and renowned economist, Lord Jim O’Neill to “explore how to ensure start-ups can [...]
Qualcomm comes out victorious in EU antitrust battle as Vestager’s Big Tech crack down starts flailing June 15, 2022 Qualcomm has come out victorious this morning after the chipmaker won its battle against a €997m (£862m) fine imposed by EU antitrust regulators four years ago, raising eyebrows for the bloc's attack on Big Tech dominance.
Watch out Apple: London’s smartphone maker Nothing reveals fresh model following £166m Alphabet funding June 15, 2022 London tech start-up Nothing unveiled the design of its debut smartphone this morning after securing more than $200m (£166m) in funding from the likes of Alphabet’s venture capital arm EQT Ventures.
SoftBank lines up dual listing in London for Arm IPO June 15, 2022 SoftBank is lining up a London listing for some of its stake in British chipmaker Arm, in a turnaround from earlier plans to float the firm solely in New York, according to reports.
Apple knocks Amazon off the top spot to become world’s most valuable brand June 15, 2022 Tech giant Apple has pushed Amazon off the top spot to be the most valuable global brand, ranking higher than Google. Apple is set to become the first trillion-dollar brand, with a brand value of $947.1bn with plans to enter into the Buy Now Pay Later arena. Google shot up the rankings to second place, [...]
Sorry Zuckerberg: UK competition watchdog gets green light for majority of Meta Giphy merger probe June 14, 2022 The Competition Appeal Tribunal (CAT) has backed the majority of the UK competition watchdog's probe into Meta's merger with Giphy, causing a mighty blow for the Facebook owner's team.
Progress on Arm London listing ‘hugely significant’, says tech chief June 14, 2022 Tech chiefs have hailed the possibility of a London listing for British chipmaker Arm as “hugely significant”, after the digital minister said progress had been made in discussions with the firm’s owner SoftBank this week.
Goodbye 90s nostalgia: Microsoft pulls plugs on Internet Explorer after 27 years June 14, 2022 In another blow to millennial tech nostalgia, Microsoft announced it will be axing the Internet Explorer browser after 27 years. From tomorrow, users will be directed to Edge, the newer browser, with the Internet Explorer software being completely discontinued in the coming months. Microsoft said in a statement: “Not only is Microsoft Edge a faster, [...]
Terrible Tuesday for Bitcoin as crypto tumbles 20 per cent in just two days with investors fleeing risk June 14, 2022 The price of bitcoin fell by another 10 per cent overnight, hitting an 18-month low of $20,834.70, before recovering to trade around $22,700 by 9am UK time this morning. In sterling terms, bitcoin is now trading around £18,665. Discussing the violent movements with City A.M. this morning, Adrian Lowery, financial analyst at DIY investing platform [...]
CoachHub rides pandemic momentum, snagging £164m in SoftBank-led funding round June 14, 2022 Online coaching startup CoachHub has snagged $200m (£164m) in its latest funding round, led by investment heavyweight’s SoftBank and Sofina. The Silicon Valley-approved startup, initially founded in Berlin in 2018, has several headquarters across Europe, including London. Its success comes off the back of Euan Blair’s Multiverse, which hit a valuation of $1.7bn (£1.4bn) last week. [...]