Virgin Galactic: Hopes higher than orbit? May 6, 2022 Virgin Galactic appears to have fallen behind in the space race renaissance, despite its ambitions. Richard Branson’s (below) space venture kicked off the year with the loss of its inaugural chairman, Chamath Palihapitiya, just one month after Palihapitiya was thrown into controversy for claiming “nobody cares” about human rights abuses against Uyghur Muslims in China. [...]
Playtech reports promising quarter but remains ‘cautious’ of uncertain macro backdrop May 5, 2022 Gaming software Playtech posted a promising start to the year this morning, with with Adjusted EBITDA for the first three months of more than €100m.
BAE braced for demand boost in wake of war in Ukraine May 5, 2022 Defence giant BAE Systems said today it is expecting a surge in demand for its defence systems as Western nations ramp up spending in the wake of Russia’s invasion of Ukraine.
Half of all staff may leave: Apple braces for exodus of workers as return-to-office order does not fly well May 5, 2022 Staff at iPhone and laptop giant Apple are reportedly so unhappy with the company’s return-to-office policy that half of all workers is considering to leave. In March, Apple informed most of its employees they would be expected to return to the office on 11 April, and the company made clear it expects its staff to [...]
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.