Still going strong: Traders all-in on Nvidia hype train August 23, 2023 Nvidia’s shares hit an all-time high on Tuesday, just before the chip designer shares its earnings later today. Stock in the Nasdaq-listed company soared to an all-time high of $481.87 on Tuesday at market open before dipping 2.76 per cent again yesterday. On Monday, the shares received an eight per cent boost. It surpassed its [...]
Will Microsoft and Activision Blizzard finally get the green light? August 22, 2023 Britain’s competition watchdog faces a tough call on whether to wave through Microsoft and Activision Blizzard’s merger as the EU and the US have done, but a green light could be down the road, experts have suggested. Microsoft’s renewed $69bn acquisition offer for gaming giant Activision Blizzard has triggered a new probe by the Competition [...]
Microsoft offers new Activision Blizzard deal to UK competition watchdog August 22, 2023 Microsoft has put a fresh deal on the table for its $69bn (£55bn) acquisition of gaming giant Activision Blizzard, triggering a new investigation by Britain’s competition watchdog. On Tuesday the Competition and Markets Authority (CMA) confirmed it is blocking the original deal to protect consumer choice in cloud gaming. However, Microsoft has submitted a fresh [...]
Arm announces Nasdaq float in largest US IPO in 2 years August 22, 2023 SoftBank-owned chip designer Arm has confirmed it will float on New York’s Nasdaq next month in what will be the largest US initial public offering (IPO) in almost two years. Arm, which licenses its chip designs to tech giants like Apple, Nvidia, and Qualcomm, has said the offering is being led by Barclays, Goldman Sachs, [...]
Zoom: Share bump after pumping up full year guidance August 22, 2023 Pandemic darling Zoom beat expectations and raised full year guidance in its second quarter as it remains hopeful in its long-term strategy - although customer growth is sluggish.
FTSE 100 bosses got a £500,000 pay hike last year – but guess who got paid the most? August 22, 2023 The salary of FTSE 100 chief executives surged by 16 per cent in 2022, according to new figures out today. The figures, collated by think tank the High Pay Centre (HPC), revealed the median pay for the bosses of the UK’s top 100 firms reached £3.91m in 2022, a £500,000 jump from £3.41m in 2021 [...]
London SMEs committing over half of annual revenue to tech investment, data reveals August 22, 2023 London’s small and medium-sized enterprises (SMEs) are ramping up their tech budgets, allocating over half of their annual revenue to technology investments, according to a report by Barclays. In the capital, SMEs are directing an average of 54 per cent of their annual revenue to technology investments, such as data analytics and artificial intelligence tools, [...]
Mass tech layoffs appear to be over – so when will the hiring start again? August 21, 2023 The episode of mass job cuts across the tech sector appears to have drawn to a close, with some research firms halting their regular data updates on tech layoffs. Tech analysts at Bernstein Research declared the “magnitude of tech layoffs” has settled after its peak in January, in an email sent to clients last Friday [...]
UK firms asked to disclose China investments as Sunak mulls trade curbs August 21, 2023 A host of British firms have been asked by the government to hand over information on their investments in China, as the UK looks to take stock of its business ties to the state amid increasing geopolitical tensions. The government confirmed today that a survey was sent to a number of UK firms last month [...]
Horizon 22: London sky-high viewing gallery set to elevate the capital August 21, 2023 London is preparing to level up its skyline game with the unveiling of Horizon 22, Europe’s highest free public viewing gallery. Set to open its doors this September, Horizon 22 is perched on Level 58 of the towering 22 Bishopsgate – City of London’s tallest building. Horizon 22 is “yet another huge vote of confidence” [...]
