Ocado dodges rebellion as shareholders back pay boost for bosses May 4, 2022 Grocery tech giant Ocado has seen off an investor rebellion over its bosses’ pay packet despite two of the world’s biggest shareholders urging investors to vote against the plans.
Safe for now: Uber weathers labour and cost of living crunch but faces a rocky road ahead May 4, 2022 Uber seems to weather the wrath of labour and cost of living uncertainties, with quarterly revenue shooting up 136 per cent to $6.9bn.
Covid-19 sales dominate Moderna’s $6bn revenue amid profiteering concerns May 4, 2022 Covid-19 vaccine sales have dominated Moderna’s more than $6bn (£5.7bn) revenue, as calls against pandemic profiteering escalate. Revenue hit $6.1bn (£7.6bn) for the first quarter of 2022, compared with $1.9bn (£1.5bn) for the same period in 2021 – carried heavily by the pharmaceutical firm’s coronavirus vaccine, which was responsible for an eyewatering $5.9bn (£4.7bn) in [...]
Swiss blockchain developer sues Meta over infinity logo trademark dispute May 4, 2022 A Swiss blockchain developer has filed a trademark infringement lawsuit against Facebook owner Meta, over claims the tech giant’s infinity logo bares too many similarities to its own infinity insignia. Swiss non-profit Dfinity filed a lawsuit in a California court, after claiming it would be “severely harmed” by being linked in any way to Meta’s [...]
Plus500 hit by revolt on pay as shareholders ramp up pressure in AGM season May 4, 2022 London-listed fintech giant Plus500 was struck a blow by investors yesterday as shareholders voted down the firm’s remuneration report at its annual general meeting.
UK’s tech regulator backtrack sparks mixed reactions across the City May 3, 2022 Reports that the government has backtracked on strengthening the role of the UK’s tech regulator has sparked mixed reviews from the City today.
Seraphim Space poaches Virgin Galactic veteran amid slow run for British launcher May 3, 2022 Seraphim Space has poached a Virgin veteran, who helped finance the group’s space ventures, Virgin Galactic and Virgin Orbit, to catch the stream of cash being poured into the industry. Patrick McCall, former senior partner at Virgin Group, is set to join the London-listed space tech fund as a venture partner, as the fund’s [...]
Johnson throws weight behind Arm IPO charm offensive May 3, 2022 Boris Johnson has thrown his weight behind attempts to woo British chipmaker Arm into floating in London, as parent company SoftBank looks set for a New York listing.
Revenue dips for cyber firm Avast following Russian exit and acquisitions May 3, 2022 Revenue was down one per cent to $234.6m (£187.3m) for cyber security firm Avast as the firm rolls out new products and makes strategic acquisitions for growth.
EU: Apple charged by antitrust regulators over rivals’ access to payment technology May 2, 2022 Apple could be slapped with a hefty fine after EU antitrust regulators said the iPhone maker had abused its position by restricting rivals’ access to mobile wallet technology. Regulators sent a charge sheet known as a statement of objections to the tech giant yesterday, after Apple limited competitors’ access to its NFC chip technology. Apple [...]