Ola injects £100m into UK engineering and design innovation January 27, 2022 Ola Electric, India’s leading manufacturer of EVs, today announced Ola Futurefoundry, its global centre for advanced engineering and vehicle design.
LG Energy Solution becomes South Korea’s second-most valuable firm after formidable debut January 27, 2022 LG Energy Solution Ltd (LGES) saw its stock price soar 68 per cent following its trading debut, as the battery maker becomes South Korea's second-most valuable company.
Foxtons reports ‘much improved performance’ as profits hit top of expectations January 27, 2022 Foxtons announced it had a much improved performance in 2021 with profit at top end of expectations.
Trading platform IG hits ‘record’ highs thanks to global expansion January 27, 2022 IG Group reported a record quarter, with net trading revenue up by 16 per cent to £471.9m. The online trading platform reported that profit before tax increased eight per cent to £245.2m, while adjusted profit before tax increased 13% to £258m. Active clients increased 42 per cent to 320,400, reflecting the acquisition of tastytrade. The [...]
Euromoney revenue up 19 per cent as events make comeback and subscriptions rise January 27, 2022 Euromoney Institutional Investor reported a “strong start to the year” as it shifted towards a subscription model and took a blended approach to its events schedule. The B2B information group reported revenue of £93.3m up 19 per cent, buffered by underlying revenue growth in both subscriptions, up eight per cent, making up 67 per cent of [...]
CMA launches probe into music streaming market January 27, 2022 UK competition watchdog launched a study this morning asking whether the music streaming market is working well for music lovers. In the UK, more than 80 per cent of recorded music is now listened to via a streaming service rather than using traditional physical media like CDs and vinyl. Linking the creators making the music [...]
The only way is up: UK advertising records strongest year in history January 27, 2022 UK advertising had its strongest year in market history, with growth up 26.4 per cent, putting market value at an estimated £30bn for 2021.
Sage records ‘strong start to year’ despite investor uncertainty January 26, 2022 The Sage Group makes a “strong start to year”, with software subscription revenue growth up by 13 per cent to £336m, increasing subscription penetration to 73 per cent.
12 years later: EU court annuls Intel’s £886m antitrust fine January 26, 2022 Intel has won an appeal against a €1.06bn (£886m) EU antitrust fine that was handed to the company 12 years ago in a momentous win for tech firms.
Telecom Italia on track to back new chief’s draft plan amid KKR’s lingering £9bn bid January 26, 2022 Italy's biggest phone group Telecom Italia (TIM) is set to give preliminary backing to a draft overhaul plan by its new chief executive, against which a takeover approach by U.S. fund KKR will be assessed.
