Inmarsat share price rises as Eutelsat confirms bid interest June 25, 2018 Shares in Inmarsat jumped today after European rival Eutelsat confirmed that it is considering an offer for the London-based satellite firm. The public interest from Eutelsat could spark a bidding war for the Old Street-headquartered Inmarsat, after US firm Echostar on Friday disclosed a stake in Inmarsat's equity and debt. Inmarsat has already rejected one approach [...]
The UK government has launched the Institute of Coding, a body of universities and tech leaders to tackle the digital skills gap June 22, 2018 A consortium of UK universities and employers, launched last night at the House of Lords, has been established to ensure the development of the UK’s next generation of digital talent at degree level and above. The Institute of Coding (IoC) will unite the tech industry with academics to spread digital skills training across the country, [...]
Doctor’s orders: how tech can help the NHS June 21, 2018 THE PRIME Minister’s recent pledge to increase the National Health Service budget by £20bn a year may have been an attempt to win over voters and distract the public from cabinet rows, Tory rebels, and near constant complaints about her handling of Brexit. Instead, the announcement drew fresh criticism about how the proposed funding increase, [...]
Capgemini scoops up London design startup Adaptive Lab, as it eyes UK expansion June 20, 2018 Global digital innovation leader Capgemini is buying Adaptive Lab, a London-based digital design studio, with the motive of expanding its UK presence. Capgemini would not confirm the terms of the deal, but a source told City A.M. that the acquisition is set to be in the tens of millions. Established in 2009, Adaptive Lab counts [...]
Elon Musk has accused Tesla employees of sabotage, after declaring two incidents in two days June 19, 2018 Chief executive of Tesla, Elon Musk, has written to his staff that a Tesla employee had conducted "extensive and damaging sabotage" to the company's operations in an apparent hack, and reported a fire on the Model 3 production line. The first email from Musk, delivered to Tesla employees late on Sunday night, detailed actions by [...]
Tessian, a tech startup using machine intelligence to transform email security, lands $13m series A from Balderton and Accel June 18, 2018 London-based cybersecurity startup Tessian has today announced the closing of $13m (£9m) in a series A round, led by Balderton Capital and existing investor Accel Partners. Top venture capital firms like Amadeus Capital Partners, Crane, and LocalGlobe among others also participated in the round. A tech startup with its founders’ roots in investment banking, Tessian’s [...]
Apple files patent application for a wristband that can monitor blood pressure June 17, 2018 American tech giant Apple has filed a patent application for a wristband that can monitor blood pressure, according to documents made public last week. The device may not be directly linked to the Apple Watch, but could be a new device altogether, and marks a transition for the company from creating healthcare apps to launching [...]
Worldpay founder welcomes Fox’s fintech investment drive June 17, 2018 The founder of Worldpay has welcomed the government's drive to increase investment in the UK's fintech sector. International trade secretary Liam Fox launched the initiative towards the end of London Tech Week, saying it will put technology "at the heart" of the UK's future growth. Nick Ogden, founder of Worldpay and ClearBank, told City A.M.: [...]
New startup visas will bring top global talent to London’s tech scene June 14, 2018 It was heartening to hear ahead of London Tech Week that the UK continues to be the leading European destination for technology investment, with British tech firms attracting nearly three times more venture capital investment than any other European country over the past two years. Our tech sector continues to forge ahead, employing 2.1m people [...]
Bank of England to set targets for to prevent tech failures June 14, 2018 The Bank of England (BoE) has said it will set targets for banks and other financial companies to meet to prevent and manage cyber attacks or major IT failures. The Financial Policy Committee, the branch of the BoE that deals with systemic risks in the UK financial system, is developing guidelines to deal with operational [...]