Shares jump by a fifth as Bidstack signs two year deal with Azerion December 17, 2021 Advertising company Bidstack has seen shares jump 20 per cent after it announced a deal with digital entertainment platform Azerion
Johnson Matthey to sell health division for £325m December 17, 2021 Chemical giant Johnson Matthey (JM) announced this morning the sale of its health division for £325m to investment firm Altaris Capital. The transaction, expected to close in mid-2022, has pushed shares up 0.25 per cent to 1,997p. Upon completion of the deal, JM will receive £150m cash, retaining a 30 per cent stake in the [...]
London’s Signal AI raises $50m to hire UK talent and ramp up international expansion December 15, 2021 Signal AI, a British startup that is trying to solve the “information overload” faced by business decision makers with its artificial intelligence and machine learning technology, has today closed a $50m Series D funding round. Its latest round was led by growth-stage investors Highland Europe, who have previously backed ContentSquare and Matches Fashion, and brings [...]
Can developing tech change the broadcasting landscape? December 15, 2021 If the Covid-19 pandemic provided one significant challenge to broadcasters, it was the logistics of commentating on games without actually being in attendance. Television networks had to rely on local workers to set up match feeds in order for their commentators to call the matches from home or a local studio. That solution, however, raised [...]
Curry’s on track to hit profit expectations despite warning of ‘further headwinds from Omicron’ December 15, 2021 Curry’s has said it expects to hit profit expectations despite any “bumpy demand” related to Covid uncertainty. In unaudited results for the half year ended 30 October, the technology retailer reported group adjusted profit before tax of £48m, compared to £40m in the same period a year prior. It marks a great leap from the [...]
Apple struggles to keep pace with Google and Amazon according to new study on future readiness December 15, 2021 Tesla, Lululemon, Mastercard, and Google topped the global rankings in their respective industries in the Future Readiness Indicator released today, and a number of global companies fared much worse than expected, including Apple, IBM, Twitter, Spotify, HSBC, Audi, and Sony.
Digital audio revenues up by 520 per cent as publishers show ‘continued determination’ December 14, 2021 A new report published today shows a 31 per cent boost in publishing revenues in the third quarter of 2021 to £149.4m thanks to a colossal rise in digital audio, as well as the continued determination of publishers.
French tycoon Patrick Drahi’s Altice tops up stake in BT to 18 per cent for £1bn December 14, 2021 Patrick Drahi's Altice UK has this morning increased its stake in telecoms giant BT from 12.1 per cent to 18 per cent.
RWS reports healthy balance sheet as adjusted profits surge December 14, 2021 Technology-enabled language provider RWS has registered a 66 per cent increase in its adjusted profit before tax, going up to £116.4m from £70.4m last year. In its results for the year ended 30 September, the company’s basic earnings per share surged 20 per cent, going from 19.9p to 23.8p. RWS has reported a healthy balance [...]
Intel jumps into the metaverse with enhanced computing powers December 13, 2021 In its first public comments on its strategy for tapping into the "metaverse," Intel execs said the firm is working on software that will help laptops tap into computing power from other devices, including chips from its rivals, acccording to Reuters this evening.