Deliveroo taps JP Morgan as it steps up London float preparations November 3, 2020 Deliveroo is said to have appointed bankers at JP Morgan as it steps up preparations for an initial public offering in London next year. The food delivery app has added the Wall Street bank to its line-up of advisers alongside Goldman Sachs, Sky News reported. Deliveroo, which was founded in 2013 by Will Shu, is [...]
Software firm The Bytes Group unveils plans for London stock market float November 2, 2020 Software firm The Bytes Group today unveiled plans for an initial public offering after posting a rise in revenue and profit thanks to the shift in home working. The planned float would see the firm demerge from its South African parent company Altron and pursue a primary listing on the London Stock Exchange and a [...]
Tech Nation bolsters board as it seeks to help economy recover from Covid-19 September 28, 2020 Tech Nation has bolstered its board as it seeks to help the UK economy recover from the coronavirus pandemic. The tech entrepreneur network has appointed former Palamon Capital finance chief Annette Wilson, Impact X Capital Partners founder Eric Collins, Hoxton Ventures partner Hussein Kanji and Benevolent AI senior vice president Trecilla Lobo to its board [...]
Data breach fears raised over test and trace pubs register June 24, 2020 Cyber security experts have raised privacy fears over the potential for data breaches in the government’s plan to make pubs and restaurants keep a register of all visitors. Under new rules laid out yesterday, all hospitality venues must keep a guest register to record the contact details of visitors for 21 days to help track [...]
Honda forced to suspend factory activity in wake of cyber attack June 9, 2020 Honda has halted production at a number of its global factories after suffering a suspected cyber attack to its internal servers. A spokesperson for Honda said today that activity had been suspended as the company needed to ensure that its quality control systems were not compromised. Honda was hit by a suspected hack yesterday that [...]
£500m Future Fund launch mired by fears startups will miss out May 20, 2020 Future Fund, the government’s £500m answer to startups’ need for cash to survive coronavirus, is set to launch today – but risks freezing out a swathe of British firms, entrepreneurs and investors have warned. That many startups cannot yet demonstrate a turnover, and that they typically rely on equity investment for cash flow, excludes most [...]
Hackers steal 9m Easyjet customers’ data in cyber attack May 19, 2020 Low-cost airline Easyjet said this morning that hackers had obtained the email and travel details of 9m customers, and the credit card details of a further 2,000. In a statement, the firm said: “There is no evidence that any personal information of any nature has been misused. “However, we are communicating with the approximately 9m [...]
Interserve hit by cyber attack as hackers target hospital construction firms May 13, 2020 Outsourcing group Interserve has been left reeling from a cyber attack earlier this month as criminals target construction firms involved in the UK’s coronavirus response. Hackers broke into an HR database and stole details of current and former employees, the Telegraph reported, citing a company insider. It is not clear exactly what data was stolen, [...]
British spies urged to use artificial intelligence to fight security threats April 27, 2020 British spooks will need to use artificial intelligence (AI) to fight a range of threats to national security, according to a report published today. Intelligence agencies have been urged to use the technology to detect and block cyber attacks, analyse video and audio evidence, and automate administrative tasks. However, AI is unlikely to predict upcoming [...]
Coronavirus: UK tech sector ‘at risk’ as firms miss out on loans April 8, 2020 The thriving UK tech sector is under threat as firms are missing out on a £330bn coronavirus support plan, Deliveroo, Citymapper and more have warned. In a letter to chancellor Rishi Sunak, 12 of the UK’s most prominent tech chiefs today called for an urgent meeting with officials to find a way for tech firms [...]