Business of Space: Can the relationship with Roscosmos ever be repaired? March 25, 2022 This week: Isotropic Systems on track for first commercial launches Space cooperation between Russia and Europe “destroyed” OneWeb goes on deal-making spree Isotropic Systems Satellite firm Isotropic Systems is on track for its first commercial launches this year, following the final successful round of testing its multi-link satellite tech. The ground terminal provider has developed technology which [...]
Fortnite publisher Epic Games raises £37m for Ukraine March 24, 2022 Fortnite publisher Epic Games has raised more than $50m (£37m) for the Ukraine effort.
Amazon ditches diesel with the UK launch of five new electric heavy delivery trucks March 24, 2022 Amazon has launched its first fleet of 37-tonne fully-electric heavy goods vehicles (HGVs), in a bid to ‘deliver’ on its 2040 net-zero target. Ditching diesel, the five new trucks are set to travel 100,000 miles a year powered by renewable electricity, meaning 170 tonnes of CO2 emissions are removed. The fleet will be charged at [...]
iPad Air 2022 review: A worthy follow-up to the best tablet in years March 23, 2022 While the launch of a new Apple device is usually pretty difficult to miss, you could be forgiven for overlooking the iPad that hit UK shelves in March 2020, in the week leading up to the first lockdown. That would have been a shame, however, because the iPad Air 2020 (“Air” being Apple’s mid-range iPad, [...]
London tech firm unveils first UK smartphone in five years March 23, 2022 London-based tech firm Nothing has announced plans to launch the first UK smartphone in five years as it looks to challenge the dominance of Apple and Samsung.
Chinese tech giant Tencent reports slowest revenue growth amid Beijing crackdown March 23, 2022 The world’s biggest gaming firm Tencent posted its slowest sales growth this morning amid advertising decline and a crackdown on tech by Beijing.
Exclusive: Deliveroo’s Thea Rogers leaves exec spot to focus on new baby and ‘new chapter’ March 22, 2022 Senior Deliveroo executive Thea Rogers has announced she will be leaving the food delivery firm after five years to focus on her family.
Tech firms lead business growth across Britain as one in four of all high-growth companies are startups March 22, 2022 Of the 175 fastest-growing UK companies – firms that have been able to grow their revenue 20 per cent or more, around a quarter (44) companies are technology companies, according to new research shared with City A.M. today. A significant number of these are fintechs. This includes payments giant Wise, which has managed to grow [...]
Cyber security firm Kape has soaring revenue and profits after high-profile acquisitions March 22, 2022 Leading cyber security firm Kape reported a near 90 per cent increase in revenue following a series of high-profile acquisitions this year. The company announced its final results for 2021 on Tuesday, reporting it brought in $230m (£175m), an increase from $122m (£92m) the previous year. This comes after it completed the acquisition of online [...]
Oxford Nanopore Technology has spike in revenue but losses up more than £100m March 22, 2022 A UK-based technology research firm has had spike in revenue by £30m, but an almost £100m loss from 2020. Oxford Nanopore Technologies, which develops state-of-the-art technology to analyse individual molecules, increased its intake to £134m in 2021, up from £114m. The company’s gross profit was up from 41 per cent to almost 55 per cent, [...]