This is one oil and gas market that’s booming despite the low brent crude price February 16, 2016 23 oil and gas projects are set to go offline in the Norwegian North Sea between now and 2024, creating NOK 160bn (£12.5bn) of opportunities, according to research from Oil & Gas UK. Decommissioning represents “a significant emerging business in the sector,” the industry body's study said, at a time when the oil and gas industry [...]
Giftastic! Giphy raises $17m valuing gif search platform at $80m February 16, 2016 Who knew gifs could be such a money-spinner? Giphy, a platform dedicated to creating and distributing animated gif images, has raised $17m (£11.3m) in a series B funding round that values the firm at $80m (£53m). The two-year-old New York-based company raised the funding from Lightspeed Venture Partners, General Catalyst and other previous investors (Betaworks, CAA [...]
US private equity giant Apollo buys ADT to create $15bn security firm February 16, 2016 US private equity firm Apollo today said it is taking security equipment firm ADT private and merging it with another security company in a deal valued at $15bn (£10.5bn). Apollo said it will pay $42 per share for ADT, representing a premium of around 56 per cent over ADT's closing share price on 12 February [...]
Mobile World Congress 2016: What to expect – biometrics, virtual and augmented reality and Chinese smartphone brands February 16, 2016 Mobile World Congress 2016 always brings with it a flurry of new mobile gadget announcements – here are some of the trends to expect. The smartphone is quickly becoming an integral part of a bigger continuum of devices and smart objects as users increasingly live their lives in a "device mesh." This is an environment, [...]
Agenda-setting and amusing: Why Buzzfeed is a real innovator February 16, 2016 I don't even have to tell people anymore that Buzzfeed are no longer just about kittens. This is a company that has recently hired some of the brightest and best journalist talent in the UK, including hard-nosed investigative reporters, clever data visualisers and hot political correspondents. Buzzfeed in the UK is built on the hugely [...]
Fast Company’s most innovative companies 2016:OMG! Buzzfeed tops list ahead of Facebook, Amazon, Apple and Uber February 16, 2016 Move over Zuckerberg and step aside Bezos – there's a new innovator in town, and it might just surprise you to find out who. Beating both Facebook and Amazon, as well as Uber, Apple and Alphabet, it's media darling and animal listicle inventor Buzzfeed which has been named the most innovative company in the world. Putting a nail in [...]
EU referendum: Big rise in those who want to leave the European Union while Scots show more support for staying in than Britain as a whole, new poll finds February 16, 2016 This week Prime Minister David Cameron hopes to end months of negotiations in which he has had to sell his deal to his European counterparts. But he may find it harder to sell the deal to the UK, a recent poll has found. As the referendum nears a new poll by ComRes has found that just 49 per cent [...]
US growth and the risk of recession has replaced the China slowdown as biggest investor fear February 16, 2016 Fear over the US economy and risk of a recession has topped the deceleration of China’s economy as the biggest risk for investors, according to the latest Bank of America Merrill Lynch Fund Manager Survey. Global fund managers’ growth and profit expectations are both negative for the first time since July 2012. The survey also [...]