Computacenter par for the course as first half revenue surpasses £2bn August 24, 2018 IT services provider Computacenter delivered on high expectations this morning as it unveiled a jump in revenue for the first half. Shares in the firm were relatively flat as it performed in line with expectations following an upgrade in forecasts in July. The figures Revenue was up 18.1 per cent to over £2bn in the six [...]
Tech titans bed down in London: Why Brexit won’t be bringing about a ‘techxodus’ any time soon August 24, 2018 Brexit has generated investment uncertainty for many companies, but not – it would seem – for the US tech giants opening the throttle and splashing out on multi-million long-term property deals in London and creating thousands of jobs. Facebook, Google, Snap and Apple have firmly quashed the notion that the UK’s exit from the EU [...]
Shareholder pleads with Musk to keep Tesla public August 23, 2018 A Tesla shareholder has written an open letter to chief executive Elon Musk in a bid to abandon a deal to take the company private, in which she argues the car firm's value could skyrocket up to $4,000 (£3,121) per share within five years. Catherine Wood, chief executive of ARK Invest which holds shares in [...]
The next generation of tech innovators need to be good citizens, not just good inventors August 23, 2018 The future is what the next generation makes it. No surprise, then, that today’s visionary leaders including Elon Musk, the Massachusetts Institute of Technology (MIT), and Stanford University are exploring how best to arm students with an education fit for innovation. Elon Musk’s Ad Astra super-school is the most recent headline-grabbing initiative of this kind, [...]
DNA testing is in danger of undoing everything business has worked hard to changee August 23, 2018 Since the discovery of DNA, we have been fascinated by our genetic makeup. What do we comprise of at the most fundamental level? How does this contribute to who we are? Our growing comprehension of DNA has also proved critically useful – helping to identify criminals, proving paternity, and showing propensity for certain medical conditions. [...]
Hungry? Now you can order from Deliveroo restaurants via Google Maps August 23, 2018 Deliveroo is now firmly embedded in Google Maps, giving London’s workers even less reason to leave their desks at lunchtime. The food delivery firm’s integration with the desktop, mobile web and mobile app versions of Maps means hungry City staff scanning restaurant details online can choose to have their meal of choice delivered directly to [...]
Exclusive: Monzo plans to crowdfund £20m as it chases coveted ‘unicorn’ status August 23, 2018 Digital bank Monzo is planning an equity crowdfunding round to raise £20m from its customers as it gears up to receive a $1bn valuation from new investors later this year, City A.M. has learned. The round will be one of the UK’s largest crowdfunding round to date, rivalled only by Scottish craft beer maker BrewDog, [...]
Avast sets sail on substantial maiden results August 22, 2018 Cyber-security firm Avast pushed a positive message in its half-year results published today, its first filing since going public earlier this year. The London-listed company reported strong revenue growth of 8.5 per cent to $394m (£306.2m), meeting management’s expectations. Chief executive Vincent Steckler told City A.M. that the results were “nicely on track for [our] [...]
Samsung’s super-powered Galaxy Note 9 is back, but has it made enough progress? August 22, 2018 The supersized Galaxy Note series of phones first appeared in 2011, and with each subsequent version the professional-focused device has loaded more and more features into its huge frame. If the Galaxy S9 is the Bugatti Veyron of the phone world, the Note 9 is the Range Rover. If a work horse and a kitchen [...]
Revolut’s Metal card offers customers cryptocurrency cashback August 22, 2018 Fintech darling Revolut today offered customers cashback in the form of cryptocurrency if they sign up to its new Metal account tier, as it aims to generate more revenue from its 2.5m customers. Those who adopt the steel card can get up to one per cent cashback in either fiat or digital currency on transactions made [...]