Apple beats profit and revenue estimates to defy coronavirus fears January 28, 2020 Apple reported earnings and revenue above Wall Street estimates tonight, proving its streak of success had continued to rise during the crucial Christmas trading period. The iPhone creator reported earnings of $4.99 per share for the three months to the end of December 2019, above estimates of $4.55 per share. It marked a record profit [...]
Fintech startup Upgrade Pack raises $5m seed round for travel rewards January 28, 2020 Upgrade Pack has today surpassed £5m in seed funding after securing fresh investment. The Richmond-based startup provides flight and hotel upgrades as part of a travel-focused rewards app by connecting directly to airline and hotel software. It did not disclose its investors, though Havisham Group led an earlier part of the fundraise last year. The [...]
London startup Forward Health secures $5m as it rebrands to Pando January 28, 2020 Healthtech startup Forward Health has revealed it is rebranding to Pando Health, following a $5m (£3.8m) investment from a notable Australian venture capital firm. It is also the first European healthtech investment for Skip Capital, a billion-dollar fund led by Atlassian co-founder Scott Farquhar and Kim Jackson. Existing investors Stride.VC and Albion Capital also participated [...]
Bank heavyweights inject $80m into City fintech Currencycloud January 27, 2020 Cross-border payments startup Currencycloud has today revealed a fresh $80m (£61m) funding injection from a number of new investors. Visa, World Bank arm International Finance Corporation, BNP Paribas, Siam Commercial Bank and Softbank spinoff SBI Group all joined the series E round’s roster as fresh backers. Existing investors Sapphire Ventures, Notion Capital, Anthemis, Accomplice and [...]
Uber ramps up British charm offensive with sweeping Nissan deal January 24, 2020 Nissan and Uber have signed a deal that will provide the ride-hailing giant’s drivers with a fleet of new electric cars, as Uber attempts to lay on the charm with on British authorities. The Japanese car maker will provide 2,000 new Nissan Leaf cars, made at the firm’s factory in Sunderland, to Uber at a [...]
Apple hits back at EU over ‘wasteful’ universal charger proposal January 23, 2020 Apple has today lashed out at an EU bid to make the tech firm ditch its Lightning charger, alleging the proposed rules would “create an unprecedented amount of waste”. Politicians in the European Parliament last week pushed forward calls for a universal charger for all mobile devices, amending a draft law to rule that all [...]
Tesla becomes world’s second most valuable car maker at $100bn January 22, 2020 Tesla’s market capitalisation soared past the $100bn mark today as shares rallied, making it the world’s second most valuable car maker and putting chief executive Elon Musk in line for a big payday. Tesla shares have risen more than eight per cent today to hit an intra-day high of $594.48, pushing its market capitalisation up [...]
Netflix beats fourth-quarter revenue estimates as subscribers jump January 21, 2020 Netflix added more subscribers than analysts had expected at the end of last year, despite the debuts of several rival streaming services. The streaming giant added 8.76m paid subscribers globally in the three months to December, compared with analysts’ average estimate of 7.63m, thanks to hits such as the Irishman and the third season of [...]
Google boss calls for temporary ban on facial recognition technology January 20, 2020 Google chief executive Sundar Pichai has lent his support to a proposed temporary EU ban on facial recognition technology, over concerns it could be misused. “I think it is important that governments and regulations tackle it sooner rather than later and gives a framework for it,” said Pichai at a conference in Brussels today. The [...]
Hyundai and Kia inject €100m in London electric vehicle scaleup January 16, 2020 Car making giants Hyundai and Kia will today reveal a €100m (£85.6m) in London-headquartered electric vehicle firm Arrival. The move will mark the beginning of a strategic partnership between the trio which will see Hyundai and Kia use the scaleup’s technology to develop mobility solutions and electrify their vehicles. Arrival, which has more than 800 [...]
