UK fintech startups are more attractive than ever post-Brexit, one investor claims July 10, 2016 A major tech investor has said it's likely to become more aggressive in its UK investments following the Brexit vote, while funds based outside the UK will find investing in startups based here more attractive. Anthemis, which has invested in fintech firms such as Azimo, eToro and Currency Cloud as well as challenger bank Atom, holds most of [...]
Nintendo share price jumps on release of new Pokemon game July 8, 2016 Shares in video game giant Nintendo soared in early trading this morning, after the release of its new Pokemon game. The Japanese firm's stock was up 10 per cent at one point, to their highest level in more than two months. Pokemon GO, a new smartphone game, was released on Wednesday, and shot to the [...]
Silver lining? Rising threat of cyber crime helps boost NCC Group’s profits July 7, 2016 The increasing threat of cyber crime has at least brought some good news for one company today, as NCC Group announced a substantial increase in both its revenue and profit. The figures The cyber security and risk mitigation firm reported revenue for its full year to May of £209.1m, up 56 per cent from £133.7m the year before. Meanwhile, adjusted profit [...]
Brexit fallout: How to survive ‘survival mode’ July 7, 2016 For a nation that prides itself on remaining calm, the past few months have brought a rollercoaster of emotion. Whether we voted for or against Brexit, many of us are still feeling bruised by the campaign and its immediate aftermath. And far from this unusual period being over, we now likely face two leadership contests and months or [...]
British business will reduce spending on tech because of Brexit July 7, 2016 Tech spending will take a hit from Brexit across the world as businesses continue to hold back amid the uncertainty. Hiring tech staff will likely be the first area where companies dial back in the immediate future, analysts at Gartner predict, while price increases are expected and major projects requiring investment will be put on [...]
Amazon will plough ahead with UK data centres plan despite Brexit July 7, 2016 Amazon has said it remains committed to the UK and will continue with plans to build new data centres in the country after the Brexit vote. Speaking at its annual summit in London, Amazon Web Services (AWS) UK boss Gavin Jackson reassured thousands of attendees, including executives from British clients, that the country’s decision to [...]
The UK is testing a sharing economy kitemark in efforts to regulate July 7, 2016 Airbnb, Uber and other companies which are part of the so-called sharing economy may soon be able to get a seal of approval that signals they follow rules of good practice in efforts to regulate the industry. The scheme is the first of its kind to monitor the standards of the hundreds of companies which have sprung up in recent years – [...]
GLI Finance Louise Beaumont says the industry is becoming increasingly dog eat dog July 7, 2016 Like all parts of financial services, the alternative finance sector is coming to terms with the post-referendum landscape and what the Brexit decision means for the future. This comes on top of the ongoing issues at US marketplace lender Lending Club which have continued to attract negative headlines. With the tectonic plates of alternative lending continuing [...]
The best holiday and travel tech: Enhance your galavanting with these essential gadgets July 6, 2016 Bluesmart One Suitcase technology seemed to grind to a halt shortly after we stuck wheels on them, but Bluesmart has just booted your luggage into the 21st century. The Bluesmart One suitcase has global GPS tracking thanks to a built-in SIM card, a battery charger for your devices, can tell you how heavy it currently [...]
Sanofi and US army combine efforts in search for Zika vaccine July 6, 2016 French pharmaceuticals firm Sanofi today revealed it has teamed up with the US military to accelerate development of a vaccine for the Zika virus which has swept through South and Central America. Sanofi said that it had agreed to work with the Walter Reed Army Institute of Research (WRAIR) which will hand over its Zika vaccine technology. The [...]