EU set to overhaul listing rules as competition for tech IPOs intensifies July 5, 2022 The European Union is looking to overhaul listing rules to allow founders to retain more control after going public, in a bid to tempt more tech firms into floating in the bloc.
AstraZeneca strengthens cancer drug pipeline with up to $1.2bn deal July 5, 2022 AstraZeneca has strengthened its cancer drug pipeline the $100m (£82.5m) acquisition of a clinical-stage T-cell engager, which will be used to develop medicines for lymphoma. The famed Covid-19 vaccine maker inked a deal which will see the T-cell engager TNB-486 as well as the owning company TeneoTwo fall under its wing, with promises of further [...]
Apple’s retail arm feels sting of store closures as tech giant posts humble growth in UK accounts July 4, 2022 Total turnover for Apple’s Retail UK, Europe and UK team climbed a humble two per cent to £2.3bn in 2021, with total operating profit up 24 per cent to £730m. It comes as Apple Retail UK continued to see the impacts of the pandemic, with turnover at £972m compared to £1.1bn for 2020, as a [...]
Shoppers offered shares: WeShop races towards IPO as British tech star launches world’s first community-owned e-com platform July 4, 2022 The world’s first community-owned social ecommerce platform has gone live, offering shoppers shares in the group every time they make a purchase. The new platform, launched by British tech star WeShop is launching itself, plans to give away up to 90 per cent of its business to shoppers, and aims to list on the Nasdaq [...]
Internet jobs for less than £4 per hour: How ‘microwork’ is exploiting thousands of Brits July 2, 2022 An emerging form of internet working, dubbed ‘microwork’, is exploiting thousands of UK workers who in many cases are earning less than £4 an hour. ‘Microwork’ is a form of work on digital platforms in which short tasks are assigned to workers who are paid piece wages for completing them. This can consist of coding data to [...]
Chrysalis shares plunge amid tech sell-off frenzy June 30, 2022 Asset manager Chrysalis saw its share price plunge in the first half of the year after its tech heavy portfolio was battered by soaring inflation and a sharp fall in valuations.
EU consumer groups come after Google for account sign-up settings in GDPR row June 30, 2022 A European coalition has come after Google for harvesting user data via account sign-ins and undermining General Data Protection Regulation (GDPR).
Apple and Google told by FCC to axe TikTok in app store over privacy concerns June 29, 2022 The US FCC Commissioner has written to Apple and Google calling on the Silicon Valley giants to axe TikTok from app stores for “its pattern of surreptitious data practices.”
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 | City Talk In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]
Fresh research says 5G failings could cost UK economy £7bn June 29, 2022 Failing to make the UK an attractive place for investment in future 5G technology could cost the economy up to £7bn per year, with towns and smaller cities the ones to miss out most, according to new research.