Pearson ups profit expectations as it gears up for new offerings January 19, 2022 Pearson raised its full year guidance this morning, following a strong financial performance in 2021, with group sales up eight per cent.
City Moves: Who’s switching jobs in the Square Mile this week? January 19, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Standard Chartered Standard Chartered has appointed a new group general counsel who will be based in London. Dr Sandie Okoro, who has been senior vice president and World Bank group general counsel for the past five years, [...]
Darktrace signs multi-million-dollar deal with top global airline January 18, 2022 Darktrace, a global leader in cyber security AI, today announced that one of the world’s largest airlines has signed a major renewal with Darktrace as it continues to use Self-Learning AI technology to defend against cyber-attacks.
No need to scan: Aldi’s first check-out free store opens in Greenwich with cameras and tech tracking customers’ moves January 18, 2022 Supermarket chain Aldi has opened its first checkout-free store in London. The Aldi Shop&Go concept store in Greenwich opened at 7am this morning for public testing, having been tested by Aldi colleagues in recent months. The new trial store, which is situated on Greenwich High Street, allows customers to complete their shop without scanning a single product, or having [...]
Wayve secures $200m to drive autonomous vehicle tech January 18, 2022 Autonomous vehicle tech firm Wayve has announced a $200m funding injection as it looks to ramp up development of its new AI technology. The King’s Cross-based firm has secured investment from long-term backer Eclipse Ventures, which led the round, with additional backing from firms including D1 Capital Partners and Baillie Gifford and additional support from [...]
Alphawave IP sails past expectations with 225% surge in bookings January 17, 2022 London-listed Alphawave IP sailed past its initial sales guidance today as it reported a 225% surge in bookings last year.
Exclusive: Mayor of Newham Rokhsana Fiaz OBE on why local boroughs should capitalise on Londoners’ data January 15, 2022 Having received £40m from the Government’s levelling up fund to help build a ‘data corridor’ in London, Rokhsana Fiaz, the Mayor of Newham, argues open data is vital for the capital’s economy. The Council recently launched ‘Newham Sparks’, an initiative to attract investors to develop a data corridor in London, targeted at businesses working in [...]
Tech leaders double down on digital currency following Lords rebuttal January 14, 2022 Tech bosses have doubled down on calls for a central bank backed digital currency (CBDC) after a report by the house of Lords.
BT hires new managing director to head up digital transformation unit ‘Division X’ January 13, 2022 BT today announced the appointment of Marc Overton as Managing Director of its newly created ‘Division X’ unit, which forms part of its Enterprise business.
Darling Darktrace is back: Shares climb 20 per cent following revenue boom January 11, 2022 Darktrace surged 20.8 per cent after it raised its full-year outlook for revenue and earnings margin following strong customer growth and retention in the first half of the year.