UK tech special: The rocky but unstoppable rise in startup valuations January 30, 2022 The accelerated growth of startup valuations has sparked debate around the world, particularly in the markets where this has been reflected in the most significant raises and the speediest unicorns. Despite ongoing pandemic uncertainty, a quarter of the UK’s 116 unicorn tech companies became unicorns during 2021. Investment climbed significantly, up to £26bn in 2021 [...]
Long fraud trial looms for tech tycoon Mike Lynch as Priti Patel approves extradition to US January 29, 2022 The extradition of British technology tycoon Mike Lynch to the United States to answer criminal fraud charges has been approved by Home Secretary Priti Patel. “On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said last night. “Under the Extradition Act [...]
Exclusive: Nearly half of SMEs feel ‘big tech’ is standing in the way of customer connection January 28, 2022 Small and medium-sized businesses (SMEs) are struggling to build and maintain relationships with their customers, new research has revealed.
What a day for Mike Lynch: Priti Patel to make extradition decision and £3.7bn High Court fraud ruling at 11.30am January 28, 2022 All eyes will be on the High Court today at 11.30, as a judge is due to announce his decision on a multibillion-dollar fraud case brought by Hewlett Packard over its acquisition of British software company Autonomy a decade ago. The American technology giant sued British entrepreneur Mike Lynch, Autonomy’s founder, and its former chief [...]
UK tech jobs soar at record pace January 28, 2022 New data released today reveals that tech sector roles are growing at the fastest rate ever as firms gear up for a strong 2022.
Analysts predict record quarter for Apple as iPhone loyalty drives confidence January 27, 2022 Wall Street estimates that Apple will continue its stellar performance in this evening’s quarterly results, predicting revenue to hit $118bn in the build-up to Christmas. If analysts are correct, this would mean a higher revenue for Apple than in any previous quarter. A significant amount of revenue is expected to come from the iPhone, which is [...]
E-bike firm Cowboy raises $80m as it rides urban mobility boom January 27, 2022 Electric bike startup Cowboy has announced an $80m funding injection as it rides a boom in demand for electrical bikes across Europe.
Spotify removes Neil Young tunes following Rogan vaccine row January 27, 2022 In a growing sign that the biggest digital tech platforms are becoming effective publishers, Spotify vows to remove Neil Young following a feud over podcaster Joe Rogan’s false Covid claims. In an open letter to his manager and record label this week, Young demanded that his songs be removed from the streaming platform, after he [...]
Samsung and Intel weather chip shortages hitting record sales January 27, 2022 Samsung and Intel recorded another quarter of record sales in the final three months of 2021, as both companies weather the supply chain storm. South Korean giant Samsung’s profit climbed 65.13 per cent from the previous year, reflecting the expanded sales of premium smartphones, including foldable phones, as well as TVs and home appliances. Operating [...]
Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]