Slash and burn: Samsung just cut profit forecasts by a third October 12, 2016 Samsung has slashed its profit outlook for the quarter by a third after the feted launch of its flagship Galaxy Note 7 ended in a fiery recall. In an update to markets, the South Korean firm slashed its estimates for the quarter to the end of September to 5.2 trillion won (£3.8bn), dialling back on initial [...]
Bank boards increasingly cautious about cyber security October 11, 2016 Banks are increasingly worried about cyber security, with the risk now ranking among the top worries for boards, research out today has found. Just less than half (48 per cent) of the banks asked as part of a worldwide survey by EY and the Institute of International Finance identified cyber security as one of the three most important risks [...]
Fujitsu to axe 1,800 UK jobs as part of “strategic transformation” October 11, 2016 Japanese tech giant Fujitsu will axe nearly 2,000 jobs as part of a "strategic transformation" which it says is not linked to the Brexit vote. Fujitsu said today that it plans to streamline operations resulting in a reduction on up to 1,800 jobs in the UK. The move will affect workers at its major sites in Belfast, Bracknell, Crewe, Londonderry/Derry, Manchester, Stevenage, Wakefield [...]
The UK needs tech talent quickly and it doesn’t matter where it comes from (for now) October 11, 2016 The UK digital industry is one of the most successful in Europe. It now employs 1.6m people and contributes 10 per cent of GDP – that's the highest proportion of any country in the world. Crucially, tech has benefited hugely from a range of smart government interventions. The Tech Nation Visa Scheme; tax credits for research [...]
Discontinued: Samsung’s completely ditching disastrous Galaxy Note 7 production October 11, 2016 Samsung will completely ditch the disastrous Galaxy Note 7 after a catalogue of errors since the device was recalled due to a number of reported explosions. Production of the device will come to a permanent end the, company said in an update to markets on Tuesday. Samsung was forced to announce a temporary halt to production just yesterday, after [...]
Driverless cars have officially hit the UK’s roads for the first time October 11, 2016 Watch out Google and Uber – driverless cars are about to hit the roads of the UK and they've been created by our very own homegrown tech expertise. The pod-like vehicles will be tested on the roads of Milton Keynes for the first time today, in the latest breakthrough in the government's ambitious driverless car strategy. After 18 months [...]
How your business can produce the next Ada Lovelace October 11, 2016 Ever wondered why you struggle to hire women? This is a question often thrown in our direction at GeekGirl Meetup UK. It’s still not good enough that, according to Deloitte, women make up 18 per cent of the UK’s tech industry. There are numerous reasons why you may struggle to hire women in tech and why [...]
Samsung shares slide as electronics giant halts Galaxy Note 7 sales on exploding battery concerns October 11, 2016 Shares in Samsung were down 6.7 per cent this morning after the South Korean electronics giant halted sales of its Galaxy Note 7 smartphone and urged customers to switch off their devices. The company has asked all global carriers to stop selling the Note 7 devices and halt exchanges of the original device for replacements, while it works [...]
Don’t tell the black cabs: Brits can’t get enough of Uber as UK profits and revenues double in 2015 October 10, 2016 Uber drivers in the UK raked in more than £100m in fares last year, doubling revenues and profits at the disruptive transport app. The taxi service's holding company in Britain, Uber London, recorded a 105 per cent uplift in turnover to £23.3m in 2015, according to records filed on Companies House. This was up from [...]
Twitter share price dips 13 per cent before the bell as bidders lose interest October 10, 2016 Twitter's share price is down 13 per cent in pre-market trading today, following reports that previously interested parties had abandoned their bid plans. Bloomberg reported over the weekend that Salesforce, Alphabet and Walt Disney had decided against proceeding with offers for Twitter – despite all three consulting with banks about potentially acquiring the microblogging site. Twitter had [...]