Merck raises full-year forecasts after recent $5bn sales surge April 28, 2022 Merck’s sales have surged more than $5bn (£3.9bn) in the first few months of this year, carried by the popularity of its cancer drug and Covid-19 pill. The US pharmaceutical giant enjoyed a 50 per cent jump in sales to $15.9bn (£12.6bn), up from $10.6bn (£8.4bn) in the first quarter of last year. Merck, the [...]
Brexit-proof: London races ahead of all European tech rivals as record 18,500 new startups flock to the capital April 28, 2022 The number of new tech companies incorporated in London jumped 94 per cent last year, it has emerged. A total of 18,549 tech businesses were incorporated in London in 2021, according to an analysis of data held by Companies House, up from 9,572 in 2020. London accounted for the highest number of incorporations in 2021, [...]
Exclusive: Fintech faces a ‘dystopian future’ as software fighting software will cause fatal disruption April 28, 2022 Fintechs are facing a ‘dystopian future’ with software fighting software threatening major disruption later this year. In the software marketplace, Software-as-a-Service (SaaS), where software is supplied online to businesses on a subscription basis, has become endemic. Now in 2022 financial criminals are taking this concept to a new level, with Fraud-as-a-Service. Fraud as a Service [...]
Founder culture is a form of tyranny April 28, 2022 Elon Musk may or may not buy Twitter. It was revealed this week that the sale, apparently agreed, has a $1bn break clause. If that sounds like a lot, remember that $1bn is small change to Elon. By my calculation, it is to him what the membership fee at my local, council-run swimming pool is [...]
All eyes on Apple and Amazon as quarterly results loom April 27, 2022 With the dismal performance of many big US firms in the past few weeks, all eyes are on Amazon and Apple, who are due to post their quarterly results today.
British rocket firm urges Iceland to cut the red tape for Europe’s largest launch to date April 27, 2022 British rocket company Skyrora has urged Iceland’s government to ease up on the unnecessary red tape which is currently blocking Europe’s largest rocket launch. The rocket company has called on the government to grant a licence which would end months of delays – and help the UK go ahead with its first launch from British [...]
Tasty year for Gousto as revenues surge to £315m April 27, 2022 Recipe box firm Gousto hailed 2021 an “outstanding” year for the firm as revenue surged 67 per cent to hit a record £315m.
Arm and Softbank move to oust renegade China boss April 27, 2022 Arm and its owner Softbank are readying a move to regain control of the firm’s renegade China division and oust its boss, as Softbank prepares to float the British chipmaker this year.
London tech incorporations jump 94 per cent as capital becomes hotspot April 27, 2022 The number of new tech companies incorporated in London jumped 94 per cent in 2021, with the capital becoming a new hotspot for investment.
How technology is transforming and unlocking real-estate asset classes April 27, 2022 | City Talk The line between technology and real estate is blurring, bringing new opportunities and asset classes, particularly in residential, office and biotech, says Samantha Kempe, co-founder and chief investment officer of IMMO Capital. The sheer size of the real estate sector – the global figure reached a record $326.5 trillion (about £251.1 trillion) in 2021, according [...]