Tech Weekly: Digital Minister Chris Philp on London’s global tech status April 29, 2022 In this week’s episode, Charlie Conchie talks to Digital Minister Chris Philp. They ask whether London is still worthy of its role as a tech hub, technology and its part in addressing the cost-of-living squeeze, and free speech and online security amidst the Online Safety Bill. Episode transcript (auto-generated) Host 0:08 Hello and welcome to [...]
Our tech industry is being undermined by a psyche allergic to global growth April 29, 2022 The tech sector in the UK is in high-growth mode. In 2021, there was a record-breaking $35.1bn investment into tech, almost 120 tech unicorns and nearly 40 tech IPOs. The record level of venture capital investment in the UK has increased the valuations of both public and private tech companies, putting Britain third in the [...]
Supermarkets drag down London indexes on spending jitters April 13, 2022 London’s top indexes were muted today as investors ditched shares in supermarkets despite Tesco posting bumper profits. The capital’s premier FTSE 100 index edged 0.05 per cent higher to 7,580.80 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.12 per cent to 20,984.45 [...]
Darling Darktrace’s shares plummet despite boosting revenue outlook April 13, 2022 Darktrace upped its revenue estimates once again as the world continues to feel the sting of cyber threats.
Digital Minister pushes UK tech as sector sails past $1tn valuation March 29, 2022 Digital minister Chris Philp has called today for UK institutional investors to step up and back homegrown tech firms, as government mulls a number of changes to regulation which could unlock a wave of investment from insurance and pension funds.
Darktrace reports profits boost as pandemic continues to suppress costs March 3, 2022 Cybersecurity giant Darktrace lifted its revenue expectations for the year today as it reported a jump in revenue and profits for the first six months of its financial year.
London’s top indexes edge higher as investors mull next Russia-Ukraine developments March 1, 2022 London’s top indexes jumped this morning as investor fears over the potential fallout of economic sanctions levelled against Russia tempered. The capital’s premier FTSE 100 index added 0.2 per cent to rise to 7,473.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, edged down 0.07 [...]
Gaming titans call on greater gaming UK investment amid foreign takeovers February 28, 2022 Gaming veterans Sir Ian Livingstone and David Braben have called on the UK to ramp up its investment in the gaming industry following a sweep of foreign snap-ups. Livingstone, who was behind Tomb Raider’s Lara Croft, told the Financial Times in an interview: “You’ve seen how many companies have just sold out earlier than they [...]
Darktrace: Dips and Dives February 24, 2022 For a cyber security firm Darktrace’s reputation has been anything but secure. As Jack Stockdale, CTO and founding partner, told City A.M.: “One minute you can be the tech darling, the next minute you’re not. Then, suddenly, you are again!”
Darktrace snaps up Dutch Cybersprint to drive preventative cyber attack approach February 23, 2022 Tech darling Darktrace announced that it has snapped up Cybersprint, an attack surface management company that provides continuous, real-time insights from an outside-in perspective to eliminate blind spots and detect risks, for €47.5m (£39.6m), valuing the transaction 12.5 times Cybersprint’s annual recurring revenue.