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 [...]
Meet the digital historians on a mission to preserve data for future generations October 5, 2018 Three years ago, a team of archaeologists working in northern Guatamala unearthed several stone panels dating back to the year 600AD. The hieroglyphics they contained were legible enough to provide fresh insight into Mayan culture and king-making traditions. By contrast, it’s doubtful a photo of your dog stored on a USB stick will exist in [...]
Gtech eScent ebike review, price, specs and details: The battery-assisted mountain bike that takes the effort out of off-road climbs October 5, 2018 Gtech, the British startup and renowned purveyor of cordless vacuum cleaners and garden trimmers, stormed into the ebike game a couple of years ago with a pair of no-frills cycles aimed at urban commuters. They were simple enough bikes: cheap, with fixed-gears, a zippy motor and a carbon belt rather than a chain. Suspension was [...]
Tandem Bank narrows losses as revenue run rate rises to £15m October 5, 2018 Digital banking challenger Tandem has narrowed its losses over the last year, with a current annual revenue run rate of £15m, according to new figures seen exclusively by City A.M. Tandem Money, the parent company to the bank, reported total costs of £23.5m during 2017, up from £20.4m in 2016, according to its latest annual [...]
Peer-to-peer lender Zopa narrows losses despite revenue growth slowdown October 4, 2018 Peer-to-peer lending platform Zopa narrowed its losses while investing heavily into its impending digital banking effort last year, as it chases the coattails of freshly-listed rival Funding Circle. In accounts published late last night, Zopa Group, the parent of its online lending and financial services businesses, reduced its losses to £4.2m for the financial year [...]