VCs held off on startup investments because of Brexit July 20, 2016 The figures are in: and they show that in the build up to the EU referendum, venture capital investors held off on putting their cash into startups. VC investment "plummeted" 40 per cent according to the latest report from CB Insights and KPMG. Some $2.8bn went into VC-backed firms in Europe, of which the UK grabs the biggest share, dipping below [...]
Problems for BT broadband users across the UK: Services restored after usage problems this morning July 20, 2016 BT said this afternoon that it had fixed the broadband problems that affected around 10 per cent of its internet customers this morning. "We’re sorry that some BT and Plusnet customers experienced problems accessing some internet services this morning," the group said. "Around 10 per cent of customers’ internet usage was affected following power issues at [...]
Brace yourself: Musk’s pulling all-nighter on top secret Tesla masterplan July 20, 2016 Fans of Elon Musk and Tesla, prepare yourself – the top entrepreneur and visionary thinker will delight you with a new plan for the electric car company. Musk teased the "top secret masterplan, part two" on Twitter last week, but has kept everyone guessing about what it might contain. Working on Top Secret Tesla Masterplan, Part 2. Hoping to [...]
Investors are pleased with TalkTalk’s decent start to the year July 20, 2016 TalkTalk shares jumped more than four per cent in early trading as it reported a solid start to the year. The figures First quarter revenue for the three months to the end of June were flat year-on-year It lost 9,000 broadband customers and 23,000 TV customers, but added 48,000 mobile users and 36,000 Fibre consumers. Its [...]
Uber’s heading to the UK courts over workers’ rights July 20, 2016 Uber and its drivers will head to court today to battle it out in a legal case over workers' rights. The hearing at an employment tribunal is due to begin in London and is expected to rule on the status of some Uber drivers in the first case of its kind in the UK. The action [...]
Nintendo back in the game as Pokemon Go-es bananas July 20, 2016 Pokemon Go has already established itself as the viral hit of 2016 – and it could not come soon enough for Nintendo. The game has taken a life of its own, as young smartphone users are able to act out a game from their childhoods in an ‘augmented reality’. Nintendo’s share price has risen sharply, [...]
Pokemon No: Nintendo’s share price falls July 20, 2016 What goes up must come down? Nintendo’s share price fell four per cent in the US on Tuesday – and fell even further in out-of-hours trading on Wednesday. It was also down even further in Japan on Wednesday. Shares in the US had rocketed by 12 per cent on Monday to $37.37, doubling since the [...]
Liberty Global remains committed to Virgin broadband investment post-Brexit July 20, 2016 Virgin Media owner Liberty Global remains committed to investing in the UK following the vote for Brexit and will begin the next stage of a multi-billion pound investment in the UK's broadband infrastructure network. Nearly half a million new premises in London will get superfast broadband by 2018, creating 500 new jobs by the end of this [...]
Pokémon Go: Should you invest in Nintendo? Investors are set for share price slump, but longer term virtual reality games will prove a winner July 20, 2016 The craze for newly-released mobile game Pokémon Go has sent shares in co-owner Nintendo up 75 per cent. Pokémon Go has been downloaded over 15m times since it was released last week. It currently ranks as the fastest adopted game in history. So far, it’s available to play in the UK, US, Germany, Australia and New [...]
BT needs to be open about Openreach aims July 20, 2016 When it comes to Openreach, the arm of BT that runs the UK's cables, fibre and network infrastructure, the telecoms giant is hovering outside the door of the last chance saloon. On the eve of a pivotal decision on the future of Openreach, MPs on the culture and media select committee have upped the ante [...]