Samsung share buyback pleases investors after third quarter profit beats expectation October 29, 2015 Samsung has revealed a 4.2 trillion won (£6.5bn) share buyback after its third quarter profit beat expectations, sending shares in the South Korean tech company to their highest in nearly six months. Operating profit jumped 82 per cent on the same quarter last year to 7.4 trillion won on revenue of 51.7 trillion won which also grew [...]
Yelp share price jumps after online review company surpasses expectations in third quarter October 28, 2015 Yelp's share price rose seven per cent in after hours trading after the online reviewing company published its third quarter results which came in ahead of expectations. The figures Revenue for the three months to 30 September hit $143.6m, up 40 per cent on the same period of last year, however Ebitda was $12.5m, compared with [...]
Why London doesn’t need tech unicorns October 28, 2015 It’s no secret that the last few years have seen an enormous influx of venture capital flowing into the tech sector, but 2014 set new records. While this may be less surprising across the pond, funding for European tech companies actually grew faster than any other region globally, increasing 78 per cent last year according [...]
London is Europe’s science and tech capital, and this is why I chose to invest in it October 28, 2015 London is on the up. The capital’s population has hit an historic high at 8.6m people. The Mayor of London’s office predicts that by 2050 that number will reach 11m, with London serving as a magnet for talent from across the globe. But London’s success also creates significant issues: not least how to create jobs [...]
Social media could soon bring your dead relatives back to life, scientist claims October 28, 2015 Our dead relatives could soon be brought back to life in virtual form, according to an animation scientist. Simon McKeown from Teeside University in the UK predicts that in 50 years, relatives will be kept alive through a combination of social media histories, voice synthesis and big data streams – so that we “never have [...]
Asthma drug Montelukast could actually de-age the human brain, new research shows October 28, 2015 A drug usually used to treat asthma in children could reverse ageing in the human brain, a new study has found. A group of scientists at the Paracelsus Medical University in Austria looked at the impact of the pill Montelukast in rats of different ages, and found that it improved learning and memory in older [...]
TalkTalk hack investigation: 15 year-old suspect bailed in Northern Ireland after arrest in connection with cyber attack October 27, 2015 A 15 year-old boy in Northern Ireland arrested on suspicion of Computer Misuse Act offences in connection with last week's cyber attack on telecoms firm TalkTalk has been bailed. The data hacking crisis embroiling TalkTalk took another twist last night after officers from the Police Service of Northern Ireland, working with the Met's Cyber Crime Unit, searched an [...]
London house prices: Nosy neighbour? This tool can show you how much next door paid for their house October 27, 2015 In this age of out-of-control house price growth, one thing's certain: we all want to know how much our next-door neighbours paid for their house. Now a new tool allows you to find out just that. Upmarket estate agent YouHome has developed an online app which allows potential buyers (or, let's face it, nosy neighbours) [...]
Some London boroughs have higher tuberculosis levels than Iraq or Rwanda October 27, 2015 Tuberculosis (TB) may be thought of as a disease afflicting previous generations, but in reality it is still prevalent in the capital. A new report by the London Assembly reveals that in some parts of London, the incidence is as high as 113 in every 100,000 people – way above the World Health Organisation's estimates for [...]
The Australian Securities Exchange is “considering” replacing CHESS with bitcoin technology blockchain October 27, 2015 The Australian Securities Exchange could be about to replace its current clearing and settlement technology with blockchain. Blockchain could save both time and money in the current Clearing House Electronic Subregister System (CHESS), said ASX chief executive Elmer Funke Kupper, who is “seriously considering” using the celebrated technology: We see CHESS replacement as a one in 20-year [...]