EU eases state aid rules in multi-billion euro chip boost as UK risks falling behind February 8, 2022 The European Commission is set to ease funding rules in order to pump billions into its innovative semiconductor programme, as it looks to boost the continental chip industry and cut dependence on the US and Asia.
Peloton ousts boss and slashes 2,800 jobs in sweeping cost-cutting plans February 8, 2022 Home fitness firm Peloton will oust its chief executive and slash thousands of jobs as part of sweeping cost-cutting plans amid falling demand for its fitness products. In a trading update today, boss and co-founder John Foley said he will step down as CEO and become the executive chair, while Barry McCarthy, the former chief [...]
UK broadband and pay TV complaints at an ‘all-time low’ says Ofcom February 8, 2022 Ofcom has revealed that the number of complaints received between July and September last year across broadband, landline and pay TV companies were at an all-time low. From its latest league table, TalkTalk and Shell Energy had the most broadband complaints, primarily due to faults and service issues. With the industry average being 10 complaints per every 100,000 [...]
Female-focused investment programme launches to help close gender funding gap February 8, 2022 A new female-focused fundraising programme has launched today to aim to close the UK's gender funding gap and work with female founders to navigate unconscious bias in venture capital (VC) investing.
Ofcom boss bids to regulate Netflix following Jimmy Carr row February 7, 2022 Ofcom chief boss Dame Melanie Dawes has said there would be “real value” in the media and telecoms watchdog regulating Netflix. In an exclusive interview with Channel 4 News, Dawes discusses the controversy surrounding the screening of a Jimmy Carr special in which the comedian made a joke about the Holocaust. In response to whether Ofcom should [...]
Regulators are playing catch up with digital finance, EU watchdogs warn February 7, 2022 European Union banking watchdogs have warned today that regulation is playing catch up with digital finance as social media platforms and ‘Big tech’ firms increasingly move into the space.
Exclusive: Railsbank CEO on finance’s ‘iTunes moment’, ripping up the rule book and the might of Amazon February 7, 2022 British fintech Railsbank is eyeing up ‘unicorn’ status as it looks to raise $100m funding which would value the firm at over $1bn. It follows a $70m funding injection last year from backers including Anthos Capital and Outrun Ventures, which bosses had suggested had left the firm with a valuation of close to $1bn. Time [...]
The White House’s Zoom: Neat video platform opens its London office following £472m valuation February 7, 2022 Neat, the immersive video conferencing software backed by Zoom and used by the US President, has opened a new office in London, as it hits a $640m (£473m) valuation and embraces hybrid working in the UK.
Meta share price plunge sees investors buy up almost 20 times more shares February 7, 2022 New data has revealed that investors purchased 1,828 per cent more shares day after Meta's fourth quarter announcement last week after the tech giant's stock dived 26 per cent.
Business of Space: Is there anything slowing down space-tech investing? February 5, 2022 This week Orbex files for UK launch licence More than £100m in fresh investment for ICEYE Military eye Isotropic Systems’ landmark tech Orbex applies for licence as UK heads for landmark launches this year The countdown has begun for the UK’s first-ever launches from British soil this year, which has prompted rocket firm Orbex to [...]