Twitter CTO Parag Agrawal succeeds Jack Dorsey as CEO November 29, 2021 Twitter’s Chief Technology Officer (CTO) Parag Agrawal is replacing its founder Jack Dorsey at the helm of the social media giant “starting today”, its now former CEO has announced in a tweet. “The board ran a rigorous process considering all options and unanimously appointed Parag,” Dorsey wrote in a letter to Twitter employees, which he [...]
DX Group shares regain some ground after activist fund Gatemore builds stake and demands seat on board November 29, 2021 AIM-listed delivery company DX Group’s shares jumped as much as 13 per cent today after activist fund Gatemore Capital Management sent a letter to the company announcing it had built a substantial stake and requested a seat on its board. In a letter to DX Group’s board members this morning, Gatemore said it had accumulated [...]
BT shares fall back after India’s richest man denies takeover interest November 29, 2021 Shares in BT retreated after having rallied as much as 10 per cent in early trading, after the company owned by India’s richest man denied a media report it was eyeing a bid for the British telecoms giant. Mukesh Ambani’s Reliance Industries said: “We categorically deny any intent to bid for the UK telecoms group [...]
AJ Bell wades into commission-free retail investing space and plots launch of new app ‘Dodl’ November 29, 2021 AJ Bell has today announced it is wading into the crowded low-cost retail investing space with the planned launch of a new “easy to use” app called Dodl, to sit alongside its existing consumer platform Youinvest. In an effort to compete with the lowest cost investment platforms in the market and attract first-time investors, Dodl [...]
Molten Ventures’ tech bets pay off as portfolio value leaps almost 30 per cent to £1.35bn November 29, 2021 Molten Ventures, formerly Draper Esprit, has seen a 27 per cent jump in its portfolio value to £1.35bn in the last six months, the London-listed tech venture capital firm said this morning. In its first interim results since floating on London’s main market in July, the firm said the value of its tech investments had [...]
UK ‘impact’ startups gain £2bn firepower in 2021, driven by climate tech sector November 29, 2021 Impact startups in the UK – defined as those founded to actively build solutions to the United Nations’ Sustainable Development Goals – have raked in £2bn in investment this year, according to a new Dealroom analysis. As investors grow increasingly wary of corporate greenwashing, so-called “impact investing” in companies that are founded to generate positive [...]
Omicron: PCR tests for arrivals to UK, mask rules tightened, and self-isolation reintroduced after variant found in UK November 27, 2021 Prime Minister Boris Johnson has announced a list of new Covid precautionary measures, including restrictions for those arriving in the UK, stricter rules on wearing masks in public places, and a “boost for the booster programme” for vaccination. In a reunion that Brits won’t have been hoping for, Johnson held a Downing Street press conference [...]
Health secretary: Two cases of new Omicron Covid variant detected in UK November 27, 2021 Two cases of the new Omicron coronavirus variant have been detected in the UK, the health secretary Sajid Javid has announced. Targeted testing will now be rolled out in the areas where the cases were detected – Nottingham and Chelmsford, Javid said. “We have been made aware by the UK Health Security Agency of two [...]
UK rakes in largest-ever Black Friday sales day yet November 27, 2021 Shoppers in the UK spent heavily on Black Friday this year, as data from banks and card operators showed it was Brits’ biggest-ever sales day, placing the nation on track to spend almost £9.2bn by the end of this weekend. Spending during Black Friday in the UK reached record highs by close of business on [...]
Caroline Nokes decries Tory colleague Nadine Dorries for dismissing Stanley Johnson allegation November 27, 2021 Tory MP Caroline Nokes has condemned her colleague, culture secretary Nadine Dorries, for using her “considerable influence and power in the media” to dismiss her allegation against of inappropriate touching against Stanley Johnson, the Prime Minister’s father. Nokes, the chairwoman of the Commons Women and Equalities Committee was responding to Dorries’ rejection of her allegation [...]