ProCook mulls IPO as revenues soar October 15, 2021 UK kitchenware retailer ProCook has announced its intention to publicly sell its shares after revenue swelled to over £50m this year. The company, which sells kitchen supplies through its website and via 50 retail stores across the UK, said that if it proceeds with the listing it expects to begin trading on the main market [...]
Rio Tinto production tumbles as supply chain woes bite October 15, 2021 Mining giant Rio Tinto has seen production take a hit over the past three months amid ongoing labour shortages and supply chain issues. Titanium dioxide slag, which is used to make cosmetic and pharmaceutical items as well as plastic, was the worst affected material with production tumbling by 29 per cent to 209kt. The company [...]
US Tech start-ups raise $500bn in a year amid IPO boom October 14, 2021 Tech start-ups have raised a record $582.5bn from US IPOs this year amid a wave of listings according to data from PitchBook. Start-ups that completed initial public offerings, direct listings or deals with special purpose acquisition companies raised $513.6bn in the year ending September 2021 according to data first published in the FT. A total [...]
TradingView hits $3bn valuation amid retail investor boom October 14, 2021 TradingView has completed a $298m (£218m) funding round led by Tiger Global brining its valuation to an eye-watering $3bn. The website, which provides retail investors with free market data and insights, reported a 400 per cent jump in membership accounts and a 237 per cent increase in visitors over the past 18 months as lockdowns [...]
Coinbase NFT waitlist surpasses 1m on first day October 14, 2021 The waiting list for Coinbase’s newly announced NFT marketplace topped 1m sign ups on its first day the company has said. On Tuesday, Nasdaq-listed crypto exchange Coinbase announced that prospective users for its upcoming NFT platform would be able to join the waiting list to gain access to a decentralised marketplace that will open up [...]
Galactic Britain: UK space companies win big at Deloitte competition October 14, 2021 British tech companies took home four out of nine awards at Deloitte’s GRAVITY challenge competition in a sign the space sector is thriving post-Brexit. UK companies including Helyx, Little Place Labs, Seanasol Consortium and Treeconomy, three of which are London-based firms, proposed winning solutions to challenges posed by global brands addressing key industrial, social and environmental [...]
Prince William calls out billionaire space race October 14, 2021 Prince William has called for billionaire entrepreneurs to focus on solving the climate crisis facing Earth instead of launching themselves into space. During an interview with the BBC William made took a thinly veiled shot at tech entrepreneurs including Elon Musk, Jeff Bezos and Richard Branson who are competing to lead the commercial space travel [...]
Watchdog checks Facebook whistleblower claims for UK law breach October 14, 2021 The UK’s data-privacy watchdog will be reviewing allegations made by whistleblower Frances Haugen to check if Facebook has broken UK law. The ICO has confirmed that it will follow up ex-Facebook employee Haugen’s explosive revelations made at a hearing into big tech held by the US Senate. Haugen has claimed that Facebook made no effort [...]
Hays to reward investors with £150m special dividend amid bumper growth October 14, 2021 Recruitment firm Hays has reported strong growth in the first quarter with fees up 41 per cent and permanent roles rising sharply. The international recruiter, which employs over 10,000 people across 256 offices in 33 countries, saw record fees in 12 countries with the UK and Ireland delivering fee growth of 44 per cent for [...]
Hiring spree: Domino’s to create 8,000 new jobs as sales soar October 14, 2021 Domino’s is expanding its team in time for Christmas and has announced 8,000 new driver roles on the back of strong third quarter trading results. In a statement, Domino’s revealed that system sales had swelled to £375.8m in Q3 up 9.9 per cent like-for-like and taking the delivery company’s total earnings this year to date [...]
