Brace yourself… the biggest tech IPO of the year is coming – and it’s increased its pricing July 4, 2016 The Japanese messaging app Line has priced its initial public offering higher than expected in what's expected to be the biggest tech IPO so far this year, due to high demand. The WhatsApp-like app has set its target price offering at between 2,900 (£21.30) yen and 3,300 yen, higher than its previous target of between 2,700 yen and 3,200 yen ahead of [...]
Tech overtakes finance among top global companies July 4, 2016 Technology has stolen a march on finance, with the success of companies such as Alphabet and Microsoft helping the innovative sector surpass the traditional world of financial services among the world's top 100 companies over the past year. Technology firms in the list notched up a combined value of $3bn compared to financial firms' $2.7bn and the $2.6bn [...]
Imagination Technologies set to post biggest ever loss as costs soar July 3, 2016 Investors are braced for UK chip maker Imagination Technologies to report a slump in earnings this week. The Hertfordshire-based tech firm will post its full year results tomorrow and analysts have pencilled in a £20m loss, the worst in its 30-year history. Imagination is heavily exposed to its main customer iPhone maker Apple, and has [...]
US National Highway Traffic Safety Administration launches investigation after Tesla driverless car death July 1, 2016 A preliminary investigation has been launched after the death of a man in Florida who was driving a Tesla Model S car on autopilot mode. The crash with a tractor occurred on 7 May and is the first known fatality in more than 130m miles where Tesla's autopilot setting has been activated, the electric car maker said [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
Trayser eBike review: The most futuristic battery-assisted pushbike yet June 30, 2016 Electric bikes are increasingly falling into two categories. Most attempt to disguise the fact that you’re getting a speed boost from the rear-wheel motor, squirrelling the battery away in a discreet water bottle and leaving all around you to think that – as you zip off into the distance – you might just have really [...]
Hillary Clinton has backed public service blockchain applications as part of her technology manifesto June 29, 2016 Democratic presidential candidate Hillary Clinton backed blockchain in her Initiative on Technology & Innovation, released on Monday. Clinton, who according to the Associated Press has won enough support to secure the Democratic Party's nomination, announced she would back the distributed public ledger technology if she became president, as part of a wider strategy to promote innovation and ensure [...]
Fintech boss Rajesh Agrawal named as deputy mayor for business and enterprise June 29, 2016 Fintech entrepreneur Rajesh Agrawal has been named as the new deputy mayor for business and enterprise. Agrawal, chief executive of Rational FX and online money transfer platform Xenday, was named to the position by London mayor Sadiq Khan earlier today. Khan has tasked Agrawal with protecting jobs and growth while trade negotiations with the European Union and other countries take place. Agrawal said: Having run my [...]
Taxpayers’ investment into science is being poured down the drain, according to a report from the Public Accounts Committee June 29, 2016 The Public Accounts Committee (PAC) has urged the government to do more to protect taxpayers' investment into science. The government is not safeguarding the intellectual property coming from UK science, the committee said – wasting taxpayer money that could be boosting the UK economy through scientific discoveries. Read more: Boaty McBoatface has a name. It's not Boaty McBoatface [...]
Oracle and BT team up for UK cloud push June 28, 2016 US software giant Oracle has entered into a partnership with BT to grow its cloud computing business. Oracle customers will be able to get on to it’s cloud through BT’s network. BT’s so-called cloud of clouds was launched in April last year and has already partnered with Amazon, Microsoft Azure, Salesforce and Cisco. After a [...]