Britishvolt secures £40m backing from Glencore to fuel gigafactory development February 15, 2022 Battery start-up Britishvolt has secured £40m funding from mining giant Glencore as it pushes ahead with plans to develop a major gigafactory in Northumberland.
BT pumps £30m into tech freelancing start up February 15, 2022 Telecoms giant BT has pumped £30m into a tech freelancing start up which helps business transform their digital systems, as it looks to ramp up its own modernisation efforts.
Virgin Media O2 commits £10bn investment in UK as London boasts largest 5G footprint February 15, 2022 Virgin Media O2 has revealed that its 5G network has now hit two thirds of the capital, giving London the largest 5G footprint within the group. The telecoms giant has committed to investing at least £10bn in the UK, and has delivered 5G to more than 2,000 sites across the country last year. It has [...]
Apple whacked with another £4.2m antitrust fine by Dutch watchdog February 14, 2022 Apple faces another setback today after the Dutch antitrust watchdog fined it €5m (£4.2m) for failing to allow software app makers to use non-Apple payment methods for dating apps on the App store. The tech giant failed to meet the deadline set by the Authority of Consumers and Market (ACM), and represents the fourth time [...]
New Peloton chief bats away takeover talks after Amazon and Nike investor buzz February 14, 2022 Peloton’s new chief exec has denied claims that the firm is gearing up for sale, subduing investor excitement that the fitness company was about to be scooped up by Amazon or Nike.
Game developer Tripledot raises $116m to become UK’s latest ‘unicorn’ February 14, 2022 Gaming startup Tripledot Studios has secured a fresh $116m round of funding to make it the UK’s latest ‘unicorn’, with a valuation of $1.4bn.
Telecom chiefs call on EU lawmakers to make Big Tech ‘share the burden’ of investment February 14, 2022 Chiefs at Deutsche Telekom, Orange, Telefónica and Vodafone have called on European lawmakers to push Big Tech to contribute to expanding internet infrastructure.
Spotify and Amazon consider takeover bids for podcast platform Audioboom February 13, 2022 Spotify and Amazon are considering takeover bids for London-listed podcasting platform Audioboom which has enjoyed a boom in revenues through the pandemic, according to reports.
How investor ‘tourism’ in biotech industry can both bruise it – and supercharge it February 13, 2022 The pandemic trigged an “astonishing” surge in the biotech industry, with red-hot stock valuations and a flood of IPOs. The industry caught the eye of retail investors and a series of lockdown measures leaving many people homebound with spare time and easy access to online trading platform, saw many dive into these ‘on trend’ stocks. [...]
Business of Space on Saturday: Shoebox satellites and a Goldilocks planet February 12, 2022 This weekend: · Shoebox satellites prepare for launch · London scientists spy Goldilocks planet · The first pictures from $10bn James Webb Telescope Defence Science and Technology Laboratory prepares for twin launches Last week’s column explored how miliary interests are boosting an already blossoming industry. As part of the UK’s £1.4bn investment in space defence, [...]