Google feels lucky in London: Tech giant bets big on London office space in major boost for capital’s global status January 14, 2022 Google is set to pump almost three quarters of a billion into London in a major vote of confidence in the capital’s post-Brexit future. The tech giant has snapped up the entirety of the Central Saint Giles development in which it currently leases office space, marking a major step change in the firm’s commitment to [...]
LSE defends itself against criticism over tech firm valuations January 13, 2022 The London Stock Exchange has defended itself after criticism that it was “toxic to tech companies” by an investor in Darktrace and Deliveroo. Neil Shah, the LSE’s tech sector specialist, told The Telegraph that there were “lots of good companies achieving robust valuations in London”. Many of the tech firms that have gone public in [...]
London heads for bumper year of venture capital investment after record 2021 January 13, 2022 London’s is heading for another bumper year of investment after 2021 saw record amounts of venture capital (VC) injected into the capital’s tech firms.
DAZN close to finalising BT Sport takeover in $800m deal January 12, 2022 Sports streaming service DAZN is edging closer to finalising a deal to snap up BT Sport in an $800m deal. Bosses are preparing to ink a deal as soon as this month, four sources familiar with the matter told the Reuters news agency. The acquisition would give DAZN access to the highly-desired rights English Premier [...]
Jurassic World game developer’s shares collapse on profit loss and narrowing revenue January 12, 2022 Videogame publisher Frontier Developments’ shares collapsed today after swinging to a loss, which prompted the board to narrow its revenue expectations. Frontier lost some £1.3m in the six months to November 30, down from nearly £7m in the same period the year before. Shares dove more than 25.5 per cent to 1,320.00p per share by [...]
ServiceNow, AND Digital and Salesforce crowned among best places to work in UK January 12, 2022 The best place to work in the UK has been revealed as software company ServiceNow, according to Glassdoor. Tech companies dominate the list of top 50 firms to work for, with 19 firms included in total by Glassdoor, which runs a job reviews platform. ServiceNow was rated strongly by staff members who highlighted a positive [...]
Crowdcube faces watchdog investigations over failed fast-food firm January 12, 2022 Crowdfunding platform Crowdcube faces a slew of investigations after a group of investors say it failed to verify a company’s business plans.
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
How natural language processing helps investors January 11, 2022 | City Talk Big Data, artificial intelligence (AI), machine learning, natural language processing (NLP) – for several years, we’ve heard how these technologies will transform investment management. Firms have invested untold capital in research in hopes of converting these trends into added revenue. Yet for many of us, these technologies and what they can bring to the investment [...]
Global tech stocks show signs of recovery after sharp sell-off January 11, 2022 Global tech stocks have shown signs of a rebound following a sharp sell-off in recent days.