Dell sales slump by £500m as it sheds hundreds of jobs November 7, 2024 Sales at the UK arm of technology giant Dell were cut by almost £500m during its latest financial year as it shed hundreds of jobs, it has been revealed. The London-headquartered division of the US group has reported a revenue of £3bn for the 12 months to 2 February, 2024, down from £3.5bn. Newly-filed accounts [...]
Employers wake up! Your staff are already using AI in the office November 4, 2024 Employees are outpacing their own employers when it comes to using AI. It's time for companies to catch up, writes Lorraine Barnes.
Data centres: The UK’s economic powerhouse? November 4, 2024 A new report claims that, given the right investment climate and policy support, the UK data centre sector could grow tenfold by 2035. TechUK’s report found that the sector could boost the economy by £44bn while creating over 40,000 jobs. The report also outlined how surging demand for digital services, fuelled by tech trends such as AI, [...]
Computacenter issues profit warning as troubles persist October 28, 2024 London-listed tech company Computacenter has slashed its full year guidance after prudent corporate spending and slow completion of orders damaged its third quarter performance. Although it expects to deliver a second half that is comfortably ahead of last year, Computacenter now expects its adjusted profit before tax for 2024 to be “modestly behind last year”, [...]
Pensionbee boss reveals the secret to a successful pension October 22, 2024 Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
British ‘godfather of AI’ awarded Nobel prize but warns tech could ‘get out of control’ October 8, 2024 A British scientist dubbed the ‘godfather of AI’ has been honoured with a Nobel Prize in Physics, but warned of the “existential risk” it posed if technology gets “out of control”. Professor Geoffrey Hinton, born in the UK and a professor at the University of Toronto in Canada, said he was extremely surprised to be [...]
Beeks: Financial cloud firm swings to profit amid ‘stronger than ever’ demand October 7, 2024 Scottish financial cloud computing firm Beeks has swung to an annual profit as it reported "stronger than ever" demand for its products.
Safety device firm Halma maintains full year guidance September 26, 2024 Health and safety product manufacturer Halma said it has made progress in “varied” and “changing” market conditions in a trading update ahead of its half year end on 30 September. The Amersham-headquartered company has maintained its full year 2025 guidance given earlier this year of “good organic constant currency revenue growth” and an adjusted earnings before interest [...]
Huawei: Chinese firm reduced to a shadow of former size as UK restrictions bite September 25, 2024 Turnover at the UK arm of Chinese telecommunications giant Huawei has been slashed by more than £1bn since 2019 as the impact of UK and US restrictions bite. The London-headquartered business has reported a turnover of £229.56m for 2023, down from the £359m it posted in 2022. The latest figure comes after Huawei’s turnover totalled [...]
Regulation in the UK a ‘web of complexity’ and harming innovation says think tank September 25, 2024 A leading think tank has called for the government to create a ‘call-in’ power to overrule regulators’ decisions, warning that Britain’s approach to tech regulation is harming innovation and investment in the sector. In a new report, right-leaning think tank Onward described the UK’s patchwork of “under-resourced” and “overstretched” regulators as spinning a “web of [...]