What3words: Losses slashed as jobs cut and sales double April 22, 2025 What3words shed jobs and significantly cut its pre-tax loss as sales more than doubled in 2024, it has been revealed. The London-headquartered tech business, which is backed by ITV, Mercedes-Benz and former F1 champion Nico Rosberg, has reported a pre-tax loss of £10.6m for its latest financial year, down from the £16.4m it posted for 2023. New accounts filed with [...]
UK tech start-up vows to ‘do to Sage what Netflix did to Blockbuster’ April 10, 2025 When Netflix began quietly mailing DVDs to American homes in 1998, Blockbuster barely flinched. By the time it did, the game had changed. And, with its business model firmly based on late fees and physical stores, it was too late. Fast forward a quarter of a century, and UK tech company iplicit is hoping to [...]
Filtronic and Computacenter shares jump as UK tech shrugs off tariff concerns April 8, 2025 Investor appetite is shifting toward UK tech stocks as recent trade tensions, aggressive US tariffs, and mounting concerns over stretched valuations in American tech giants have upended the global investment landscape. With Trump’s sweeping tariffs triggering volatility across US markets, many investors are now looking to UK-listed firms for value, growth, and relative geopolitical stability. [...]
Microsoft cuts UK jobs as sales near £10bn and profit surges April 8, 2025 Microsoft shed more than 200 UK jobs in the year its turnover jumped to almost £10bn, it has been revealed. The US tech giant reduced its headcount from 5,540 to 5,337 in the year to 30 June, 2024, new accounts filed with Companies House show. The reduction comes after Microsoft’s headcount grew from 4,955 in [...]
LinkedIn shouldn’t be like Facebook – UK boss April 7, 2025 LinkedIn should be kept as a professional network and not turned into a new version of Facebook by its members, the UK boss of the social media site has said. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, country manager Janine Chamberlin said that while there has been a lot of new [...]
UK’s tech crown is slipping away March 27, 2025 The UK has slipped behind in the tech arms race, falling behind emerging tech heavyweights. A new global ranking has placed Britain as 13th overall for tech competitiveness, behind nations like Ireland, Singapore and Australia. Meanwhile, perhaps more alarmingly, no G7 nation – the group of the world’s most industrialised nations including the UK – [...]
Softcat beats analyst expectations as profit jumps March 19, 2025 UK tech infrastructure firm Softcat beat analyst expectations last year as profit growth accelerated into the double digits over the last six months of the year. Gross profit at the firm increased by 12.1 per cent to £220.2m, above analyst expectations of £218.3m, Softcat revealed in its half-year report. Meanwhile, operating profit climbed 10.4 per [...]
Oracle: Tech giant passes UK milestone as profit jumps March 7, 2025 US technology giant Oracle has reported sales in the UK of more than £2bn for the first time as its profit jumped by over 20 per cent. Oracle, which in 2023 was the third largest technology company in the world by revenue behind Microsoft and Google, is the title sponsor of the Red Bull F1 [...]
Airbnb: Top UK and Northern European boss checks out March 4, 2025 Airbnb’s top boss in the UK and Northern Europe is to step down after four years in the role. Amanda Cupples was appointed general manager for the region in March 2021 and was responsible for UK, Ireland, Netherlands and the Nordics. Australian Cupples joined Airbnb from digital health company Babylon Health where she was first [...]
BT appoints chief for new UK-centric business arm as revenue dips January 30, 2025 BT has appointed a CEO for its new UK-centric BT Business, at the same time as reporting a dip in revenue due to tough trading outside of the UK. BT’s share price fell just over four per cent in early trades. Jon James will be appointed a CEO of BT Business in March, and it [...]