Reaction Engines: Tiny Oxfordshire space company gets massive injection of cash from BAE Systems November 2, 2015 Is this the UK's coolest startup? Reaction Engines, a tiny Oxfordshire business which aims to create the world's first combined rocket and jet engine aircraft, has raised £20.6m from defence giant BAE Systems, it announced today. The company is developing an engine which would allow an aircraft to take off horizontally like a plane, then use a [...]
Northern Ireland has the UK’s worst mobile phone network coverage – but smartphone users in the South East are also suffering November 2, 2015 The South East may be one of the UK's most built-up areas – but it's also one of the worst when it comes to mobile network coverage, a new study has found. The research, by Cable.co.uk. found 29.3 per cent of people in the region experience a "notspot" – an area with no network coverage [...]
City A.M. Awards 2015: Celebrating the best of the business world November 2, 2015 It has been a memorable year for the City, with milestones seemingly being met every week. In the last few months alone we’ve reported on some impressive trends and grounds for celebration. Financial services are powering a jobs boom, with employment in the City at an all time high. London’s tech sector has attracted record amounts [...]
Ken Clarke: The House of Lords needs to be reined in November 1, 2015 After the House of Lords twice voted to delay the implementation of the government's controversial tax credit cuts, former chancellor Ken Clarke has said the upper house needs to be reined in with new laws. Last week the Lords backed amendments from both Labour peer Baroness Hollis and crossbench peer Baroness Meacher, which frustrated the government's plans. [...]
Galloper’s £1.5bn wind farm off Suffolk coast gets green light October 30, 2015 German utilities giant RWE has been given the go-ahead to build a £1.5bn wind farm off the coast of Suffolk, creating nearly 800 jobs, after it found three partners to back the project. The Galloper wind farm’s future was jeopardised when electricity and gas supplier SSE shelved plans to invest in it, citing concerns over the viability of the UK's offshore [...]
How to avoid Uber’s surge pricing: Science explains how to beat the algorithm October 30, 2015 Uber may have changed our lives (for the better or worse, depending on which side of the "black cab" argument you're on), but there's no denying when that surge pricing screen pops up, it's a disappointment. Now scientists in the US have worked out a way to beat it. Troubled by what they call "Uber's [...]
Cambridge scientists make breakthrough on “super battery” which can power a car from London to Edinburgh October 30, 2015 Cambridge scientists are a step closer to developing a so-called "super battery", which could power a car from London to Edinburgh in one charge. Lithium-air batteries have been touted as the next generation of batteries, due to their theoretical ability to store ten times more energy than lithium-ion batteries. But their development has been beset with problems, such as low efficiency and [...]
UK police forces “lobby” to get access to internet browsing histories October 30, 2015 Police want to be given access the internet browsing histories of everyone in the UK, according to reports. They have lobbied the government ahead of next week's unveiling of the new surveillance bill in the House of Commons, during which home secretary Theresa May is expected to put forward the new measures. Internet service providers [...]
EA results don’t impress investors but management stays cheery ahead of Star Wars Battlefront launch October 29, 2015 Shares in games manufacturer Electronic Arts (EA) fell by 1.99 per cent in after hours trading, despite the company's results for the second quarter of the 2016 financial year beating expectations. The figures Revenue fell to $1.15bn (£750m) from $1.22bn in the same period of last year. Digital revenue was $502m, down from $508m, whereas the [...]
LinkedIn share price rockets after revenues jump 37 per cent beating forecasts October 29, 2015 LinkedIn, the professional networking site, saw its shares shoot up 11.71 per cent after markets closed when it released its third quarter results. The figures LinkedIn beat expectations handsomely, with earnings per share of $0.78 compared to forecasts of $0.46. Revenue for the last three months was $780m (£509m), a jump of 37 per cent, [...]