Bridgepoint sells off Element Materials to Singaporean Temasek for $7bn January 25, 2022 Element Materials Technology has been snapped up by Singapore-based Temasek from British investment giant Bridgepoint today. A deal has been on the horizon for some time, with Element rumoured to be in the sights of investment duo Cinven and Canada Pension Plan Investment Board in November. London-based Element, which offers testing services for materials used [...]
Sales and productivity have jumped since move to four-day work week, says London tech firm January 25, 2022 A London-based tech company has seen a 30 per cent boost in sales since moving to a four-day work week, the agency told City A.M. Since the change to a four-day, 32 hour working week, implemented in October of last year, technology consultancy company THRYVE ahas also seen its productivity go up by 20 per [...]
Government calls in Google and Microsoft to help advise on ‘free flow of data’ innovation January 25, 2022 A group of experts combining the world’s leading academics and digital industry figures, including Google, Mastercard and Microsoft, will meet for the first time today to help Britain seize the opportunities of better global data sharing.
MPs: Online harm bill a “missed opportunity” to rein in tech giants January 24, 2022 Martyn Landi / Press Association The Government’s draft Online Safety Bill would fail to prevent the sharing of the most “insidious” images of child abuse and violence against women and girls, a new report from MPs has warned. The House of Commons Digital, Culture, Media and Sport (DCMS) Committee said the draft legislation is currently [...]
Forbes 30 under 30 data shows London is the best city in the world to be a young entrepreneur January 23, 2022 Using the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London has been named as the best city in the world to be a young entrepreneur. Despite North America being by far the most popular in providing Forbes Under 30 candidates, London is the most popular city for young entrepreneurs [...]
Elon Musk lashes out at Twitter over NFT profile pictures January 21, 2022 Twitter has dropped a new feature which allows users to showcase hexagon-shaped NFTs on their profiles.
‘It was always going to disappoint’: Analysts react to Netflix’s slowed growth as shares tumble 20 per cent January 21, 2022 Netflix shares take a beating as the streaming giant warned of "intensified" competition in the market as its pandemic glow begins to fade.
Exclusive: UK businesses making strides in quantum computing despite the technology being considered “overhyped” January 21, 2022 New research of UK business decision makers has revealed that 55 per cent of companies think that quantum computing – a type of computing that uses quantum mechanics so that it can perform certain types of computation more efficiently than a regular computer – is an overhyped technology.
London film studio reveals ambitious plans to broadcast from space by 2024 January 20, 2022 A London entertainment studio has ambitious plans to film the first-ever movie in space – which could come to fruition before the end of the decade. Space Entertainment Enterprise (SEE) is currently co-producing Tom Cruise’s upcoming space movie with Hollywood veteran Doug Liman. Alongside production, Southwark-based SEE has revealed plans to launch a micro-gravity film [...]
TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.