Three UK signals towards telcos consolidation March 17, 2022 Three UK chief urges for market consolidation this morning as the mobile giant reports humble revenue growth despite hitting its strongest consumer contract growth since 2012.
Inbound boss of Cummings’ brainchild ARIA withdraws March 17, 2022 The boss appointed to lead the scientific research agency cooked up by Dominic Cummings has withdrawn from the role just six weeks after being appointed to lead the organisation, according to reports.
Dorries’ laws for Big Tech have become overrun trying to keep everyone happy March 17, 2022 Today marks the introduction of the Online Safety Bill: a “world-first” for online safety, but a behemoth bill of confusion. Variations of today’s bill have been bounced around since David Cameron, drawing media attention and public uncertainty, and ultimately landing in the hands of reality TV personality turned politician Nadine Dorries. As it stands today, [...]
Exclusive: London investment vehicle rolls out to back climate tech startups March 17, 2022 A new £20m investment vehicle has rolled out in London today to target early-stage tech firms tackling climate change, as UK investment into the space continues to swell.
‘Link-in-bio’ tech firm bags $110m injection to accelerate UK expansion March 16, 2022 A specialist “link in bio” tech firm that allows users to customise social media links has announced a $110m funding injection today, as it looks to accelerate its growth in the UK.
Sweden refuses to launch research satellite on Russian Soyuz rocket March 16, 2022 Sweden has cancelled the launch of a research satellite via a Russian rocket, following the Kremlin-backed attack on neighbouring Ukraine. The launch was scheduled for the end of this year, after its initial scheduled launch in 2019 was delayed. “Preparing for a launch from Russia is unthinkable under the current circumstances,” a spokesperson for the [...]
SS&C completes £1.24bn snap up of Blue Prism as tech firm leaves London market March 16, 2022 US fintech SS&C has completed its £1.24bn acquisition of British tech firm Blue Prism, heralding another tech departure from the London market. The new combined entity will operate as SS&C Blue Prism, and report to Mike Megaw, Managing Director, Business Process Automation. Blue Prism is a leading player in intelligent automation, and has over 2,000 clients across [...]
UK competition watchdog raises concerns over £6bn Avast buyout by cybersecurity rival March 16, 2022 The UK’s competition watchdog has raised concerns over the £6bn buyout of Avast by fellow cybersecurity firm NortonLifeLock, after launching a probe into the deal in January. The Competition and Markets Authority (CMA) announced this morning that the deal, which was announced in August, between close competitors could harm competition in the market, as there [...]
Apple supplier in talks with Saudi Arabia for £7bn chip-making facility March 15, 2022 Apple supplier Foxconn Technology is reportedly in talks with Saudi Arabia to build a new $9bn (£6.8bn) chip-making facility. It follows the closure of two plants yesterday in technology hub Shenzhen, China, amid a fresh lockdown as Covid-19 cases in the region spiral. Saudi Arabia is currently reviewing the offer to build a dual-line semiconductor [...]
Ofcom to widen UK satellite regulation as the number of space launches explodes March 15, 2022 The UK’s broadcast and communications regulator is set to embed itself further into the space sector as the increasing number of satellites in orbit calls for a more hawkish watchdog. Ofcom will oversee the radio spectrum – an essential part of wireless communications – to ensure it is used efficiently as more people and businesses [...]