High Court blocks iPhone data breach suit against Google October 8, 2018 The UK's High Court has blocked a mass legal action court case against Google, which claimed the tech giant had collected sensitive information from over 4m iPhone users. The tech giant faced claims that it circumvented the privacy settings installed on Apple's iPhone Safari browser between August 2011 and February 2012, using a method known as the [...]
Facebook triples its UK tax bill to £15.8m October 8, 2018 Facebook paid £15.8m in UK tax last year, tripling the amount it paid in 2016 as tech firms come under increased scrutiny by HMRC. Accounts filed last week on Companies House revealed the social media giant's profits for its UK office, which covers expenses on marketing, sales and engineering support, rose 6.3 per cent to [...]
When it comes to our social care crisis, prevention is the only cure October 8, 2018 Matt Hancock has survived his first party conference as the new health secretary, wearing his NHS pin proudly on his lapel. And top of the list of his departmental priorities is social care. It got a £240m spending boost last week, but that’s not the only approach on the table. One of Hancock’s recent suggestions [...]
Fintech M&A deals swell to $40bn in first half of 2018 October 8, 2018 The fintech sector carried over 140 M&A transactions in the first half of 2018, at a total value of nearly $40bn (£30.48bn) – an increase of more than 26 per cent on the same period last year. The Fintech M&A market report, compiled by Hampleton Partners, says the surge in transaction values can be attributed [...]
Apple exec Angela Ahrendts bags $28m shares bonus October 7, 2018 One of Apple's retail bosses Angela Ahrendts made a whopping $28m (£21.m) last week through bonus shares thanks to the tech giant's stock price going through the roof. Ahrendts was given restricted stock units when she joined the company from Burberry in 2014, and has benefited hugely from Apple's share price nearly tripling since she was first hired. When she [...]
Elastic, the open-source tech startup behind Uber and Tinder, scores $252m IPO October 6, 2018 Shares in Dutch open-source search startup Elastic skyrocketed as much as 106 per cent in its first day of official trading on the New York Stock Exchange yesterday, bucking the trend for tech stocks on Wall Street. The search and data analytics software firm, whose main product Elasticsearch powers technology behind big names such as Uber [...]
Wework triples its losses in Europe as London begins to turn a profit October 5, 2018 Co-working property powerhouse Wework tripled its losses in 2017 across Europe, while taking its flagship building in Moor Place, London to a profit. In accounts published to Companies House today, reports put Wework International's losses at £32.3m for the year ending December 2017 from £11m the year before. However its revenues, which account for only the UK [...]
Tesla shares fall after Musk trolls US securities watchdog October 5, 2018 Tesla billionaire Elon Musk appeared to mock the US Securities and Exchange Commission (SEC) on Twitter late last night, less than four hours after a federal judge demanded an explanation of the settlement deal reached between the two sides. "Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work," wrote Musk, who has frequently [...]
iPhone XS Max review: An undeniably brilliant handset – but is it worth up to £1,449? October 5, 2018 XS Max may sound like the kind of energy drink beloved of east European builders, but it is in fact the most powerful, expensive mainstream phone ever released. With a 6.5 inch display and a price-tag of between £1,099 and £1,449, it’s a bull-elephant of a handset, a magnificent, powerful beast that could toss you [...]
UK cyber security agency backs Apple and Amazon’s denials of Chinese hardware hack October 5, 2018 The UK's National Cyber Security Centre (NCSC) said it had no cause to doubt statements made by Apple and Amazon yesterday, denying a Bloomberg report that malicious computer chips were placed inside their equipment by foreign agents. Bloomberg cited 17 anonymous sources across US intelligence agencies and company insiders, who stipulated Chinese intelligence officials had infiltrated [...]